Keynote technicals daily report for 180213


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Keynote technicals daily report for 180213

  1. 1. Daily Technical Outlook 18th February 2013 Indices * Close % Chg. Market undertone weak BSE SENSEX 19468.15 -0.15 S&P CNX NIFTY 5887.40 -0.16 Mirroring the weak global market cues the domestic markets witnessed a negative opening. Selling pressure continued as NIFTY FEB 13 FUT. 5892.65 -0.13 markets drifted lower. The markets failed to show any India VIX 15.24 0.99 resilience against selling pressure as buying support S&P CNX NIFTY Technical Levels remained elusive. However, the markets managed to come Level 1 Level 2 Level 3 off the lows for the day in the last hour of trade. ShortSupport 5885 5816 5747 covering and selective buying support was witnessed ahead of the weekend. The markets ended the day with marginalResistance 5966 6158 6313 losses to close near the lows for the day. The top gainers for Simple Moving Averages S&P CNX NIFTY the day were Dr. Reddys, Cairn, Grasim, DLF, Ultratech50 Day SMA 5960.83 ◄Negative Cemco, Bajaj Auto, Siemens, HCL Tech; Reliance and100 Day SMA 5830.46 BPCL.200 Day SMA 5508.91 Technically, the market breadth remained negative Market Breadth * BSE NSE amidst lower volumes. The prevailing negative technicalAdvances 896 397 conditions continued to weigh on market sentiment. TheDeclines 1234 596 Stochastic has slipped below its average. The RSI, KST and MACD all are already placed below their respectiveSame 834 27 averages. The Nifty remains placed below its 50-dayTotal 2964 1020 SMA. The negative divergence pattern formed on theA/D Ratio 0.73 : 1 0.67 : 1 Nifty still holds good and remains a sign of worry for the Volume (Lacs Shares) * markets.. Moreover, the KST and MACD are placed in the negative territory, which warns of impending selling 15/02/13 14/02/13 % Chg. pressure. These negative technical conditions wouldBSE 2060 2266 -9.09 lead to further selling pressure. However, the prevailingNSE 6476 8048 -19.54 positive technical conditions still hold good. The NiftyTotal 8536 10314 -17.24 remains placed above its 100-day SMA and 200-day SMA. The Nifty’s 50-day SMA remains placed above Nifty’s Turnover ( ` Crores) * 100-day SMA and 200-day SMA, the later being called the 15/02/13 14/02/13 % Chg. ‘Golden Cross breakout’. These positive conditionsBSE 1825.03 2165.93 -15.74 would lead to intermediate bouts of short covering andNSE 10026.91 12746.64 -21.34 selective buying support at lower levels. The -DI line isNSE F&O 124514.65 122634.88 1.53 placed above the 28 level and also above the +DI line,Total 136366.59 137547.45 -0.86 indicating sellers are gaining strength. The market sentiment remains negative. We hold our view that F&O Contracts Traded (NSE) * upsides should be used to add to short positions until 15/02/13 14/02/13 % Chg. Nifty moves above the 50-day SMA. The Nifty is likely toIndex Fut. 273553 256287 6.74 test the 5816 support level in the near future. In theStock Fut. 451023 597514 -24.52 meanwhile the markets would take cues from theIndex Opt. 3077377 2580065 19.28 ongoing earnings season, global markets, Rupee and the crude prices. The support levels for Nifty are placed at 5885,Stock Opt. 341115 626720 -45.57 5816 and 5747. The Nifty faces resistance at 5966, 6158,Total 4143068 4060586 5.21 6313 and 6358 levels.NOTE - * - Source – BSE & NSESanjay Bhatia (AVP – Technical Research), Email Yahoo Id: Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
  2. 2. Jaldi 5 (Short Term Technical Ideas for 5 Trading Days) Stop Initiation Stop Loss Stock Close Action Price Loss * (%) Target Target (%) Remarks TGT of 305 Achieved given Sell @ 315.30 onCairn Fut 306.45 Sell Below 306 312.50 2.12 292 4.58 14/02/13Ambuja Cement 192.15 Buy Above 193 189.75 1.68 200 3.63Bharat Forge 225.70 Buy Above 227 221.00 2.64 240 5.73* Stop Losses are to be considered strictly on closing basis. Intra-day Resistance Intra-day Support Indices Close Pivot Point R1 R2 R3 S1 S2 S3BSE SENSEX 19468 19454 19527 19585 19716 19396 19323 19192S&P CNX NIFTY 5887 5880 5907 5926 5973 5861 5834 5788NIFTY FEB 13 FUT. 5893 5870 5881 5870 5870 5881 5870 5870 Stocks To Watch Out TodayAmbuja Cement, Apollo Tyre, Bharat Forge, GAIL, GSPL, Havells, IBRealestate, ITC, Karnataka Bank, Sun Pharma, TataPowerAshok Leyland, Bajaj Auto, Biocon, BPCL, Cairn India, Dish TV, Divis Labs, Dr. Reddys, GMR Infra, HDIL, HPCL, Hind. Zinc,Indian Hotels, IOC, IRB Infra, IVRCL, JSW Energy, LIC Hsg; Maruti, PTC, Ranbaxy Raymond, Reliance, Rel. Power, Siemens Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
  3. 3. NOTE:TECHNICAL ANALYSIS ABBREVATIONSSMA – Simple Moving AverageEMA – Exponential Moving AverageWMA – Weighted Moving Average Disclaimer This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liability arising from the use of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Price and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certain transactions -including those involving futures, options and other derivatives as well as non-investment grade securities - involve substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s price movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not match with a report on a company’s fundamentals. Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation and related information and opinions. The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior written consent. Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322