1. SHAH ADVISORY
Daily Morning
Newsletter
20-12-2012
Vivek A. Shah
2012
WWW.SHAHADVISORY.COM
2. Wednesday, 19 December 2012 - www.shahadvisory.com
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Shah Advisory – Daily Morning Newsletter
BSE Sensex – 19476
TREND / PERIOD DAILY WEEKLY MONTHLY
DIRECTION UP UP UP
Trend Change Level 19380 18900 18120
(Closing Basis)
We are recommending holding long position in the market as overall trend on weekly & monthly
basis is up. Those who entered long position today above 19400 can look for the higher levels of
19600 to book profit & keep stop loss of 19400.
S&P 500(USA) – 1446.80
We advised to look for buying above 1440 & we got the opportunity to enter long. Now keep stop
loss of 1426 to hold the position & look for the higher levels of around 1460 to book profit.
AXIS BANK – 1334.90
Overall trend is slightly positive. Intraday traders may look for shorting below 1327 keeping stop loss
of 1345.
ICICI BANK – 1138.75
As mentioned, 1150 looks to be short tern top for the stock. Those who have entered long position
around 1142 & 1152 can hold it with the stop loss of 1130.
RELIANCE INDUSTRIES – 839.50
Overall trend is sideways. We are recommending going short around 850 levels keeping stop loss of
856. Also below 825 shorting is advisable.
TATA MOTORS – 307.75
Overall trend is positive. It looks like stock is trying to attain its previous peak around 317-320. It will
finally touch the levels around 334 in near future. Positional traders should hold position with the
stop loss of 276. Long term target is 387.
TATA STEEL – 424.10
Overall trend is bullish. Intraday our buying levels did not come. On weekly chart it is entering the
zone where if it sustains here than we may see the levels of around 474 in coming months. As it has
rallied almost 5% in 2 days, we may see some consolidation in the stock to the levels of 418-414
which has to be used as buying opportunity.
SBI – 2372.30
Intraday we may look for going short below 2362 for the possible lower levels of 2342-2334. Keep
stop loss of 2392 for the position.
USDINR – SPOT – 54.5550
Overall trend is positive. Intraday if it falls below 54.5000 than we may see some down side to the
levels of 54.3950-54.2700.
+91 84600 32788 support@shahadvisory.com
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3. Wednesday, 19 December 2012 - www.shahadvisory.com
Follow us on Twitter - @equityadvisory
Shah Advisory – Daily Morning Newsletter
Stocks with Positive Breakout
Stock Name Buying Range
Ashok Leyland 28.20-28.25
Bharti Airtel 320-320.40
Cipla 421.80-422.40
JP Associate 104.60-104.80
JSW Energy 67.80-68
Mcleod Russel 365.80-366.40
Stride Arcolab 1152-1154
Wipro 388.40-388.90
Stocks with Negative Breakout
Stock Name Selling Range
Rcom 74.65-74.80
Powergrid 114.40-114.80
Rpower 96.50-96.80
+91 84600 32788 support@shahadvisory.com
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