1. Daily Technical Outlook
9th November 2012
Indices * Close % Chg. Global cues to impact sentiment
BSE SENSEX 18846.26 -0.30
S&P CNX NIFTY 5738.75 -0.37 Mirroring the weak global market cues, the domestic markets
NIFTY NOV. FUT. 5765.20 -0.48 witnessed a gap down opening. However, the markets
India VIX 14.22 -1.99 managed to move higher and were off the lows for the day on
back of short covering and selected buying support.
S&P CNX NIFTY Technical Levels However, increased selling pressure was witnessed in the
Level 1 Level 2 Level 3 noon trade as markets again moved lower. But markets
Support 5665 5554 5447 managed to show resilience and moved higher in the
Resistance 5747 5816 5885 afternoon trade. The markets ended the day with modest
losses to close near the highs for the day. The top losers for
Simple Moving Averages S&P CNX NIFTY the day were L&T, GAIL, IDFC, Rel. Infra, Tata Power, BoB,
50 Day SMA 5585.96 ICICI Bank, Hero Motocorp, Grasim and Bajaj Auto.
100 Day SMA 5416.50
200 Day SMA 5308.40 ◄Positive Technically, the market breadth remained negative,
amidst lower volumes. The prevailing technical
Market Breadth * BSE NSE negatives led to profit taking and selling pressure on the
Advances 1366 502 bourses. These conditions still hold good. The
Declines 1462 638 Stochastic and KST have slipped below their respective
Same 133 34 averages. Moreso, the Stochastic is still placed in the
Total 2961 1174 over bought zone. The MACD is still placed in the
A/D Ratio 0.93 : 1 0.79 : 1
negative territory. All these negative conditions are likely
to lead to profit taking and selling pressure at higher
Volume (Lacs Shares) * levels. However, the prevailing technical positives also
08/11/12 07/11/12 % Chg. hold good and would help in supporting the markets at
BSE 2563 2436 5.21
lower levels. The MACD has moved above its average.
Moreover, the RSI is still placed above its average. The
NSE 6838 7014 -2.50
KST is still placed in the positive territory, which augurs
Total 9401 9450 -0.51
well for the markets. The Nifty remains placed above its
Turnover ( ` Crores) * 50-day SMA, 100-day SMA and 200-day SMA. More so the
08/11/12 07/11/12 % 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 2606.97 2269.15 14.89
Cross breakout’. These positive conditions would lead to
NSE 11132.51 9455.11 17.74
regular bouts of short covering and buying support. The
NSE F&O 112092.67 88242.05 27.03 ADX line, +DI line and –DI line are moving sideways,
Total 125832.15 99966.31 25.87 indicating a range bound trend. The market sentiment
remains cautious as Nifty has closed below the 5747
F&O Contracts Traded (NSE) *
level. Now, it is important that the Nifty moves and
08/11/12 07/11/12 % Chg.
sustains above the 5747 level for follow up buying
Index Fut. 286665 222796 28.67 support to emerge, which would help the markets move
Stock Fut. 559475 416149 34.44 further higher and closer to the 5900 level. In the
Index Opt. 2679873 2210731 21.22 meanwhile the markets would take cues from the global
Stock Opt. 358474 220443 62.62 markets, earnings season, Rupee and the crude prices.
Total 3884487 3070119 19.78 The support levels for Nifty are placed at 5665, 5554 and
5447 The Nifty faces resistance at 5747, 5816, 5885, 5910
NOTE - * - Source – BSE & NSE
and 5945 levels.
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 108.80 Buy Above 109.50 107.00 2.28 115.00 5.02
Dena Bank 114.55 Buy Above 115.00 112.75 1.96 120.00 4.35
IDBI 106.75 Buy Above 107.50 104.00 3.26 115.00 6.98
SBI 2242.30 Buy Above 2250.00 1199.00 46.71 2360.00 4.89
* 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 18846 18816 18895 18945 19073 18767 18687 18558
S&P CNX NIFTY 5739 5726 5758 5776 5827 5707 5675 5625
NIFTY NOV. FUT. 5765 5761 5781 5797 5834 5745 5724 5687
Stocks To Watch Out Today
ACC, Allahabad Bank, Ambuja Cements, Andhra Bank, Arvind, Asian Paints, Aurobindo Pharma, Bank of Baroda, Bank of
India, BHEL, Bombay dying, Canara Bank, CBI, DCB, Dena Bbank, DLF, FT, HCC, HDFC, HPCL, IDBI, Idea, IFCI, IGL,
Indian Bank, IOC, Jubilant Food, Karnataka Bank, Pantaloon Retail, Raymond, SBI, Sesa Goa, Syndicate Bank, Tata Global,
Tata Motors, Tata Motors DVR, Union Bank, United Spirits, Wipro, Unitech, ZEEL
Aban offshore, Apollo Tyre, Bharat Forge, L&T, Piramala Healthcare, Tata Power
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