1. SHAH ADVISORY
Daily Morning
Newsletter
26-03-2013
Vivek A. Shah
2013
WWW.SHAHADVISORY.COM

2. Tuesday, 26th March 2013  - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 18681.42
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION DOWN DOWN UP
Trend Change Level 19220 19500 17670
(Closing Basis)
Overall trend is down. Two consecutive closes below 18700 will open the target for the next lower
levels of 18400-18000-17670.
Overall trend is down. Keep watch on the level of 18700 on closing basis as we have already
mentioned that two consecutive close below 18700 will open the lower levels of 18400-18000-
17670 initially. Overall trend from last few days suggest that market us not able to sustain in any
higher level & falls back to lower levels and this shows the weakness in the market.
S&P 500(USA) – 1556.89
Overall trend is positive. We advised not to short and market bounce from that level. Go short only
below 1535 and add to short if sustains below 1524 on closing basis.
Overall trend is sideways. On lower side it may slip to 1524 levels & on higher side it will face
resistance around 1568.
AXIS BANK – 1309.35
Overall trend is down. Any close below 1295 will take it to 1224 levels initially. On any intraday rise
to 1325-1330, look for going short with stop at 1335.
Overall trend is down. We advised to go short around 1325-1330 & it made a high around 1334 and
then come down to make a low around 1300. Hold short positions for the possible lower levels of
1285-1245-1225 keeping stop at 1335.
ICICI BANK – 1012.60
Overall trend is down. Hold positional short positions with stop at 1040 for the mentioned levels of
1000-980.
Overall trend is down. Though it triggered our stop loss but the trend still remains weak. We may see
the lower levels of 980-955 in coming days to weeks.
RELIANCE INDUSTRIES – 809.25
Overall trend is down. Stock has support around 785. As we have mentioned, any sustained close
below that level will take it to 700-680 in coming weeks.
Overall trend is down. We are not recommending any trade now but any sustained close below 785
will take it to 700-680.
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Shah Advisory – Daily Morning Newsletter
TATA MOTORS – 270.75
Overall trend is down. Intraday rise to 276-277 is to be used to go short keeping stop at 280 for the
possible lower levels of 270-265.
Overall trend is down. We advised to go short around 276-277 & made a high around 275.80. Those
who shorted around that level already attained target of 270. Hold short positions with stop at 276
for possible lower levels of 265-260.
TATA STEEL – 314.40
Overall trend is down. Keep watch on the weekly close of 320. Only for intraday, buy if crosses above
328 for the level of 334 with stop at 324.
Overall trend is down. It has just turned form our mentioned buying level but those who entered the
trade stopped out at 324. Keep watch on our weekly close level of 320.
SBI – 2058.25
Overall trend is down. Intraday go short below 2070 for the levels of 2050 with stop at 2080. Below
2050, it will go to 1980 initially.
Overall trend is down. As we advise to go short below 2070 for lower levels of 2050 level, it almost
attained that target. Anyone holding short positions can keep stop at 2080 for the possible lower
levels of 1980 in coming days.
USDINR – SPOT – 54.18
Overall trend is down. Hold positional short positions with stop at 54.57.
Overall trend is down. Hold short positions with stop at 54.30 for possible lower levels of 53.95-
53.82-53.70.
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Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
- -
Stocks with Negative Breakout
Stock Name Selling Range
Asian Paints 4850
NOTE –
Red colour – Last View / update on the scrip
Green colour – Current View / update on the scrip
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