1. Daily Technical Outlook
22nd October 2012
Indices * Close % Chg. Markets range bound
BSE SENSEX 18682.31 -0.58
S&P CNX NIFTY 5684.25 -0.60 Mirroring the weak global market cues the markets witnessed
NIFTY OCT. FUT. 5688.30 -0.84 a subdue opening. Profit taking and selling pressure was
India VIX 14.54 -1.49 witnessed in the opening trade. The markets drifted lower as
follow up buying support failed to emerge after Thursday’s
S&P CNX NIFTY Technical Levels rally. The markets failed to show any resilience against
Level 1 Level 2 Level 3 selling pressure ahead of the weekends. The markets ended
Support 5630 5607 5526 the day with modest losses to close near lows for the day.
Resistance 5703 5741 5884 The top losers for the day were Jindal Steel, Hindalco, BHEL,
BPCL, Grasim, GAIL, Ranbaxy, M&M, Tata Power and Rel.
Simple Moving Averages S&P CNX NIFTY Infra.
50 Day SMA 5502.52
100 Day SMA 5327.47 Technically, the market breadth remained negative,
200 Day SMA 5256.55 ◄Positive amidst lower volumes. The prevailing technical
negatives continued to weigh on the market sentiment.
Market Breadth * BSE NSE The RSI has again slipped below its average. More over,
Advances 1275 415 the KST and MACD are still placed below their respective
Declines 1586 697 averages, which would lead to intermediate bouts of
Same 136 41 profit taking and selling pressure. However, the
Total 2997 1153 prevailing technical positives also continue to hold good
A/D Ratio 0.80 : 1 0.60 : 1
and would support the market at lower levels. The
Stochastic is still placed above its averages. Moreover,
Volume (Lacs Shares) * the KST and the MACD are still placed in the positive
19/10/12 18/10/12 % Chg. territory, which augurs well for the markets. The Nifty
BSE 2323 2407 -3.49
remains placed above its 50-day SMA, 100-day SMA and
200-day SMA. More so the Nifty’s 50-day SMA remains
NSE 6617 7267 -8.95
placed above Nifty’s 100-day SMA and 200-day SMA, the
Total 8940 9674 -7.59
later being called the ‘Golden Cross breakout’. These
Turnover ( ` Crores) * positive conditions would lead to buying support at
19/10/12 18/10/12 % Chg.
lower levels. The ADX line, +DI line and –DI line are
moving lower, indicating range bound trend. Now, it is
BSE 2190.01 2271.04 -3.57
important that the markets witness follow up buying
NSE 10616.26 11653.99 -8.90
support at higher levels for the Nifty to test the 5700-
NSE F&O 167574.92 177947.29 -5.83 5741 resistance zone. The market sentiment remains
Total 180381.19 191872.32 -5.99 tentative at higher levels. In the meanwhile the markets
would take cues from the ongoing earnings season,
F&O Contracts Traded (NSE) *
global markets, Rupee and the crude prices. The support
% Chg.
19/10/12 18/10/12
levels for Nifty are placed at 5630, 5607, 5526, and 5448.
Index Fut. 405358 436702 -7.18 The Nifty faces resistance at 5703, 5741, 5884, 5912 and
Stock Fut. 764629 660014 15.85 5945 levels.
Index Opt. 4293049 4703853 -8.73
Stock Opt. 334571 357160 -6.32
Total 5797607 6157729 -7.04
NOTE - * - Source – BSE & NSE
Sanjay Bhatia (AVP – Technical Research), Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

2. Jaldi 5 (Short Term Technical Ideas for 5 Trading Days)
Stop
Initiation Stop Loss Target
Stock Close Action Price Loss * (%) Target (%) Remarks
BHEL Fut 241.20 Sell Below 240.00 244.50 1.88 230 4.17
GAIL Fut 361.50 Sell Below 360.00 365.50 1.53 348 3.33
Andhra Bank 114.40 Buy Above 115.00 111.50 3.04 123 6.96
* 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 S3
BSE SENSEX 18682 18688 18764 18846 19004 18606 18530 18372
S&P CNX NIFTY 5684 5685 5711 5737 5789 5659 5634 5582
NIFTY OCT. FUT. 5688 5692 5718 5748 5805 5662 5635 5579
Stocks To Watch Out Today
ACC, Adani Power, Apollo Tyre, BHEL, Cairn India, Dabur, Dish TV, GAIL, Hexaware, HUL, Hind. Zinc, India Cement, LIC
Hsg, NCC, NTPC, Opto Circuit, Ranbaxy, SCI, Sun Pharma, Wipro, ZEEL,
Andhra Bank, Axis Bank, Canara Bank, CESC, Godrej Inds; HCL Tech; Hero Motocorp, ITC, Karnataka Bank, Pantaloon
Retail, Petronet, Sun YV, Tata Communication
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

3. NOTE:
TECHNICAL ANALYSIS ABBREVATIONS
SMA – Simple Moving Average
EMA – Exponential Moving Average
WMA – Weighted Moving Average
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