1. Daily Technical Outlook
31st October 2011
Indices Close % Chg. Mirroring the positive set of global market cues, the domestic
BSE SENSEX 17804.80 2.98 markets witnessed a gap up opening. The overall trend
S&P CNX NIFTY 5360.70 3.05 remained range bound as markets managed to hold on to the
NIFTY NOV. FUT. 5385.50 2.93 gains. Though, profit taking and selling pressure was
India VIX 20.89 -7.93
witnessed at higher levels, the markets showed no signs of
weakness. The markets ended the day with handsome gains
S&P CNX NIFTY Technical Levels to close near the highs for the day. The top gainers for the
Level 1 Level 2 Level 3
day were Reliance Infra, Hindalco, Sterlite, Jindal Steel &
Power, JP Associates, Tata Motors, Tata Steel, ICICI Bank,
Support 5325 5230 5161
SAIL and Rel. Comm.
Resistance 5409 5517 5634
Technically, the market breadth remained robust amidst
* Volume (Lacs Shares) higher volumes. The global market set of cues are mix.
28/10/11 26/10/11 % Chg. The domestic markets are likely to witness a flat opening.
BSE 2022 857 135.94 The Nifty remains placed above its 50-day SMA, which is
NSE 7298 1372 431.81 a short term positive and triggering the current phase of
Total 9320 2229 318.07
uptrend. The Stochastic, RSI, KST and MACD are placed
Source – BSE & NSE above their respective averages and in the positive
territory. All these conditions would lead to buying
* Turnover ( ` Crores) support at regular intervals. However, the prevailing
28/10/11 26/10/11 % Chg. technical negatives are likely to cap the upside gains.
BSE 2512.57 748.08 235.87 The Stochastic is placed in the over bought zone on the
NSE 14328.97 2185.33 555.69 daily charts and would lead to profit taking and selling
NSE F&O 94938.21 20737.23 357.82 pressure. The Nifty continues to trade below its 200-day
Total 111779.75 23670.64 372.23 SMA. Further the 50-day SMA remains placed below the
Source – BSE & NSE 100-day SMA. All these conditions would lead to selling
pressure and profit taking especially at higher levels.
Market Breadth (NSE)
The ADX and –DI line are moving sideways, but +DI line
Advances 996 is placed above 30 indicating buyers have an upper
Declines 501 hand. The market sentiment remains tentatively positive
Same 57 as Nifty index inches near its 200-day SMA. Now, it is
Total 1554 important that the Nifty continues to sustain above the
A/D Ratio 1.99 : 1 5325 level for it to move higher and test the 200-day SMA
Source – NSE placed at 5409. In the meanwhile the markets would take
Moving Averages S&P CNX NIFTY
cues from the global markets and the earnings season.
The support levels for Nifty are placed at 5325, 5230, 5161
50 Day SMA 5005.35
◄Negative and 4987. The Nifty faces resistance at the 5409, 5517, 5634
100 Day SMA 5240.19
and 5681.
200 Day SMA 5408.96 ◄Negative
Intra-day Resistance Intra-day Support
Indices Close Pivot Point R1 R2 R3 S1 S2 S3
BSE SENSEX 17805 17795 17918 18031 18267 17682 17559 17322
S&P CNX NIFTY 5361 5361 5399 5438 5515 5322 5284 5207
NIFTY NOV. FUT. 5386 5377 5412 5438 5500 5350 5315 5254
* Figures not strictly comparable as 26/10/11 was a truncated trading session.
Sanjay Bhatia (AVP – Technicals), Email Id sanjay@keynotecapitals.net Yahoo Chat Id: keytechnicals@yahoo.in
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

2. Short Term Trading Ideas Based On Technical Analysis (5 - 7 Days)
Stop
Initiation Stop Loss Target
Stock Close Action Price Loss * (%) Target (%) Remarks
Aban 425.80 Buy Above 432.00 414.00 4.17 472.00 9.26
Bata 709.80 Buy Above 715.00 701.50 1.89 745.00 4.20
Century Textiles 325.55 Buy Above 329.00 315.00 4.26 360.00 9.42
DLF 248.80 Buy Above 251.00 240.50 4.18 274.00 9.16
TGT of 540
Achieved
given @ 506
Sun Pharma 509.50 Buy Above 515.00 499.00 3.11 550.00 6.80 on 28/10/11
* Stop Losses are to be considered on Closing basis only.
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

3. 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.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com