1. Daily Technical Outlook
7th December 2012
Indices * Close % Chg. Markets turn volatile
BSE SENSEX 19486.80 0.49
S&P CNX NIFTY 5930.90 0.52
Mirroring the positive global market cues the domestic
NIFTY DEC. FUT. 5970.65 0.51
markets witnessed a firm opening. However, profit taking and
India VIX 15.24 -8.30 selling pressure at higher levels in the morning session saw
S&P CNX NIFTY Technical Levels the markets erase all the gains to trade in the negative.
However, the markets managed to claw back in the positive
Level 1 Level 2 Level 3
on back of BSP supporting the FDI policy on multi-brand
Support 5885 5816 5747
retail in Rajya Sabha. The Nifty ended the day above the
Resistance 5945 6135 6313 psychologically important 5900 level. The top gainers for the
Simple Moving Averages S&P CNX NIFTY day were JP Associates, Axis Bank, Rel. Infra, BHEL, Tata
50 Day SMA 5700.10 ◄Positive
Motors, SBI, IDFC, DLF, Sesa Goa and ICICI Bank.
100 Day SMA 5507.19
Technically, the market breadth remained positive
200 Day SMA 5343.51
amidst higher volumes, which augurs well for the
Market Breadth * BSE NSE markets. The markets continued to move higher on back
Advances 1601 859
of prevailing technical positive conditions. The MACD,
KST and RSI all are still placed above their respective
Declines 1297 661
averages. Moreover, the MACD and KST are placed in the
Same 103 149
positive territory. The Nifty remains placed above its 50-
Total 3001 1669 day SMA, 100-day SMA and 200-day SMA. More so the
A/D Ratio 1.23 : 1 1.30 : 1 Nifty’s 50-day SMA remains placed above Nifty’s 100-day
SMA and 200-day SMA, the later being called the ‘Golden
Volume (Lacs Shares) *
Cross breakout’. These positive conditions would lead to
06/12/12 05/12/12 % Chg.
further buying support. However, the prevailing technical
BSE 2982 3250 -8.25 negative conditions continue to hold good. The
NSE 9170 8798 4.23 Stochastic is still placed below its average. Moreover,
Total 12152 12048 0.86 the RSI and the Stochastic are placed in the over bought
zone. These negative technical conditions would lead to
Turnover ( ` Crores) * intermediate bouts of profit taking and selling pressure.
06/12/12 05/12/12 % Chg. Though the +DI line is placed above the 32 level it has
BSE 2908.37 2885.77 0.78 come off its recent highs of 37 level and has once again
NSE 13584.65 13140.28 3.38 started moving lower, indicating buyers are booking
NSE F&O 157614.77 106448.9 48.07 profits regularly. The market sentiment remains upbeat.
Total 174107.79 122474.95 42.16
Now, it is important that the Nifty witnesses follow up
buying support at higher levels for the Nifty to test the
F&O Contracts Traded (NSE) * 5945 resistance levels and move higher. In the
06/12/12 05/12/12 % Chg. meanwhile the markets would take cues from the on
Index Fut. 414976 224492 84.85 going parliament session, global markets, Rupee and the
Stock Fut. 660652 557492 18.50
crude prices. The support levels for Nifty are placed at
5885, 5816, 5747 and 5665. The Nifty faces resistance at
Index Opt. 3898942 2515920 54.97
5945, 6135 and 6313 levels.
Stock Opt. 325820 280770 16.05
Total 5300390 3578674 39.91
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
Andhra Bank 115.35 Buy Above 116.00 114.20 1.55 120 3.45
BPCL 360.60 Buy Above 363.00 357.50 1.52 375 3.31
Dish TV 81.45 Buy Above 81.75 80.25 1.83 85 3.98
* 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 19487 19399 19611 19736 20073 19274 19062 18725
S&P CNX NIFTY 5931 5904 5969 6008 6111 5866 5800 5697
NIFTY DEC. FUT. 5971 5942 6014 6056 6171 5899 5827 5713
Stocks To Watch Out Today
AB Nuvo, Adani Power, Allahabad Bank, Andhra Bank, Apollo Tyre, Axis Bank, BoB, BPCL, Canara Bank, Century Textiles,
CESC, Dena Bank, Dish TV, DLF, Hindalco, IDFC, IFCI, IRB Infra, ITC, IVRCL, JP Associates, JP Power, PFC, PNB, REC,
Rel. Capital, Reliance, Rel. Infra, Renuka Sugar, RPower, SBI, Sesa Goa, Sintex, Sterlite, Sun TV, Syndicate Bank, TCS,
Titan, UCO Bank, Union Bank, Unitech, Voltas, Vijaya Bank, Yes Bank, ZEEL
Bata, Bharti Airtel, Bhushan Steel, Biocon, Cipla, Colgate, Hexaware, Infosys Tech; M&M, Wipro
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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