1. Daily Technical Outlook
6th September 2012
Indices * Close % Chg. Markets struggle to move higher
BSE SENSEX 17313.34 -0.73
S&P CNX NIFTY 5225.70 -0.92 Mirroring the negative global market cues the domestic
NIFTY SEPT. FUT. 5253.35 -0.87 markets witnessed a subdue opening. Sustained selling
India VIX 17.01 2.53 pressure was witnessed as markets struggled to sustain
higher. Follow up buying support continued to remain absent.
S&P CNX NIFTY Technical Levels The markets failed to show any resilience against selling
Level 1 Level 2 Level 3 pressure and drifted lower. The markets ended the day with
Support 5215 5118 5047 modest losses to close near the lows for the day. The top
Resistance 5250 5333 5386 losers for the day were BHEL, Axis Bank, Jindal Steel, Tata
Steel, ICICI Bank, Sesa Goa, L&T, Ranbaxy, Sterlite and
Simple Moving Averages S&P CNX NIFTY Hindalco.
50 Day SMA 5265.05
100 Day SMA 5160.58 Technically, the market breadth remained negative
200 Day SMA 5127.76 ◄Critical amidst lower volumes. The global market cues are
divergent. The domestic markets are likely to witness a
Market Breadth * BSE NSE flat opening. The prevailing technical negatives
Advances 1235 594 continued to weigh on market sentiment leading to
Declines 1558 883 selling pressure. These technical negatives continue to
Same 142 92 hold good. The Stochastic, RSI, KST and MACD are
Total 2935 1569 placed below their respective averages, which would
A/D Ratio 0.79 : 1 0.67 : 1
lead to further selling pressure. Moreover, the Nifty has
formed a negative divergence pattern. The KST and
Volume (Lacs Shares) * MACD are placed in the negative territory and warn of
05/09/12 04/09/12 % Chg. impending selling pressure. The Nifty has once again
BSE 1867 2951 -36.73
slipped below its 50-day SMA and is a short term
negative. However, a few prevailing technical positives
NSE 5178 5203 -0.47
still hold good. The Stochastic remains placed around
Total 7045 8154 -13.60
the over sold zone. Moreover, the Nifty remains placed
Turnover ( ` Crores) * above its 100-day SMA and 200-day SMA. More so the
05/09/12 04/09/12 % Chg.
Nifty’s 50-day SMA remains placed above Nifty’s 100-day
SMA and 200-day SMA, the later being called the ‘Golden
BSE 1977.79 1634.59 21.00
Cross breakout’. These positive conditions would lead to
NSE 8813.19 7812.42 12.81
buying support at lower levels. However, The ADX line,
NSE F&O 84105.50 73472.26 14.47 +DI line and –DI line are moving sideways indicating a
Total 94896.48 82919.27 14.44 range bound trend. The market sentiment remains
negative. Now, it is important that markets witness
F&O Contracts Traded (NSE) *
buying support at regular intervals for the markets to
05/09/12 04/09/12 % Chg.
move higher. In the meanwhile the markets would take
Index Fut. 322271 275684 16.90 cues from global markets, Rupee, and the crude prices.
Stock Fut. 419842 385776 8.83 The support levels for Nifty are placed at 5215, 5118 and
Index Opt. 2243195 1936650 15.83 5047. The Nifty faces resistance at the 5250, 5333, 5386,
Stock Opt. 200546 165772 20.98 5464, 5500, 5565 and 5607 levels.
Total 3185854 2763882 12.35
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
TGT of 950
Achieved
given Sell @
982 on
Axis Bank Fut 938.50 Sell Below 934.00 952 1.93 894 4.28 04/09/12
Bank of Baroda Fut 616.25 Sell Below 613.00 627 2.28 582 5.06
BHEL Fut 205.00 Sell Below 204.00 210 3.09 190 6.86
Bharti Airtel 257.85 Buy Above 259.00 254 1.93 270 4.25
McLeod Russel 326.35 Buy Above 328.00 320 2.44 346 5.49
* 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 17313 17325 17400 17486 17647 17239 17164 17004
S&P CNX NIFTY 5226 5234 5252 5277 5321 5208 5190 5146
NIFTY SEPT. FUT. 5253 5258 5275 5297 5336 5236 5219 5180
Stocks To Watch Out Today
Adani Power, Axis Bank, BoB; Bata, Bharat Forge, BHEL, Cairn India, Century Textiles, Cipla, Cummins, Hindalco, HOECL,
ICICI Bank IDFC, India Cemets, Jet Airways, Jindal Saw, Jindal Steel, NMDC, OFSS, Ranbaxy, Raymond, Sesa Goa, Sterlite,
Sun Pharma, Tata Motors, Tata Power, Tata Steel, Voltas, Yes Bank
BF Utilities, Bharti Airtel, Dabur, DishTV, GMR Infra, Godrej Inds; HCL Tech; HUL, Idea Cellular, IOC, IVRCL, McLeod Russel,
Sun TV, Tata Chemicals, Tata Global, TCS, Tech Mahindra, TTML, United Spirits, ZEEL
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
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
www.keynotecapitals.com