1. Daily Technical Outlook
8th November 2012
Indices * Close % Chg. Markets breakout…
BSE SENSEX 18902.41 0.45
S&P CNX NIFTY 5760.10 0.62 Mirroring the inconclusive global market cues the markets
NIFTY NOV. FUT. 5793.25 0.46 witnessed a flat opening. However, the markets witnessed a
India VIX 14.51 -4.60 steady rise as the Nifty managed to move above the crucial
5747 level. Increased buying support was witnessed as
S&P CNX NIFTY Technical Levels markets moved higher. The markets did not show any signs
Level 1 Level 2 Level 3 of weakness and managed to hold on to the gains. The
Support 5747 5665 5554 markets ended the day with modest gains to close near the
Resistance 5816 5885 5945 highs for the day. The top gainers for the day were JP
Associates, Bank of Baroda, PNB, IDFC, DLF, HDFC, BHEL,
Simple Moving Averages S&P CNX NIFTY SBI, HCL Tech and Ambuja Cements.
50 Day SMA 5577.88
100 Day SMA 5410.50 Technically, the market breadth remained positive,
200 Day SMA 5304.94 ◄Positive amidst higher volumes, which is a positive sign for the
markets. The prevailing technical positives continued to
Market Breadth * BSE NSE help the markets move higher. The Stochastic, RSI and
Advances 1672 718 KST all are still placed above their respective averages.
Declines 1205 441 More so the KST is placed in the positive territory, which
Same 131 51 augurs well for the markets and would lead to further
Total 3008 1210 buying support. The Nifty remains placed above its 50-
A/D Ratio 1.39 : 1 1.63 : 1
day SMA, 100-day SMA and 200-day SMA. More so the
Nifty’s 50-day SMA remains placed above Nifty’s 100-day
Volume (Lacs Shares) * SMA and 200-day SMA, the later being called the ‘Golden
07/11/12 06/11/12 % Chg. Cross breakout’. These positive conditions would lead to
BSE 2436 2209 10.28
regular bouts of short covering and buying support.
However, a few technical negatives still continue to hold
NSE 7014 5525 26.95
good and would weigh on the market sentiment at higher
Total 9450 7734 22.19
levels The MACD is still placed below its average and is
Turnover ( ` Crores) * also placed in the negative territory. The Stochastic is
07/11/12 06/11/12 % Chg.
placed in the over bought zone. These negative technical
conditions would lead to profit taking at higher levels.
BSE 2328.56 2269.15 2.62
The ADX line and –DI line are moving lower, while the +DI
NSE 11069.45 9455.11 17.07
line is moving higher, indicating a range bound trend.
NSE F&O 144360.95 88242.05 63.60 The market sentiment has turned positive as Nifty has
Total 157758.96 99966.31 57.81 managed to close above the 5747 resistance level. Now,
it is important that the Nifty continues to sustain above
F&O Contracts Traded (NSE) *
the 5747 level for follow up buying support to emerge,
07/11/12 06/11/12 % Chg.
which would help the markets move further higher and
Index Fut. 363278 222796 63.05 closer to the 5900 level. In the meanwhile the markets
Stock Fut. 514214 416149 23.56 would take cues from the earnings season, global
Index Opt. 3860552 2210731 74.63 markets, Rupee and the crude prices. The support levels
Stock Opt. 277867 220443 26.05 for Nifty are placed at 5747, 5665, 5554 and 5447 The Nifty
Total 5015911 3070119 55.61 faces resistance at 5816, 5885, 5910 and 5945 levels.
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
Allahabad Bank 142.85 Buy Above 143.50 139.60 2.72 151.50 5.57
BHEL 236.95 Buy Above 238.00 228.00 4.20 260.00 9.24
DLF 211.50 Buy Above 213.00 205.00 3.76 230.00 7.98
TGT of 1065
Achieved given
Buy @ 1033 on
Financial Tech. 1066.60 Buy Above 1071.00 1029.00 3.92 1163.00 8.59 05/11/12
* 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 18902 18887 18989 19075 19262 18801 18700 18513
S&P CNX NIFTY 5760 5750 5788 5816 5881 5722 5684 5618
NIFTY NOV. FUT. 5793 5785 5827 5861 5937 5751 5709 5632
Stocks To Watch Out Today
Allahabad Bank, Ambuja Cements, Asian Paints, Aurobindo Pharma, Bank of Baroda, BHEL, Biocon, CBI, Century Textiles,
Dena bank, Dish TV, DLF, Dr. Reddys, FT, GAIL, GMR Infra, Grasim, Havells, HDFC, HDFC Bank, In Realestate, ICICI Bank,
IFCI, Indusind Bank, Infosys Tech; IVRCL, JP Associates, Jubilant Food, Kotak Bank, Pantaloon Retail, PNB, Powergrid,
Ranbaxy, Raymond, Rel. Comm; SBI, Sesa Goa, Union Bank, United Spirits, Unitech
Aban offshore, CESC, Coal India, India Cement
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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