1. Daily Technical Outlook
10th September 2012
Indices * Close % Chg. Markets move higher on low participation
BSE SENSEX 17749.65 0.37
S&P CNX NIFTY 5358.70 0.31 Mirroring the positive global market cues the domestic
NIFTY SEPT. FUT. 5380.20 0.39 markets witnessed a positive opening. Steady buying support
India VIX 14.76 -3.27 was witnessed as markets moved higher. The markets
managed to hold on to the gains on this truncated trading
S&P CNX NIFTY Technical Levels day. The markets did not show any signs of weakness as
Level 1 Level 2 Level 3 follow up buying support emerged. The markets ended the
Support 5333 5250 5215 day with moderate gains to close near the highs for the day.
Resistance 5386 5464 5500 The top gainers for the day were Cipla, Sesa Goa, Sterlite,
Dr. Reddys, Hindalco, Jindal Steel, Ranbaxy, Tata Motors,
Simple Moving Averages S&P CNX NIFTY Tata Steel and SAIL.
50 Day SMA 5275.60
100 Day SMA 5160.75 Technically, the market breadth remained robust,
200 Day SMA 5136.59 ◄Critical
indicating broad based buying support. The global
market cues are positive. The domestic markets are
Market Breadth * BSE NSE likely to witness a gap up opening. The prevailing
Advances 1559 872 technical positives continued to trigger buying support
Declines 692 446 on the bourses. These positive technical conditions
Same 101 70
continue to hold good. The Stochastic, RSI and KST all
are placed above their respective averages. More so the
Total 2352 1388
KST is placed in the positive territory. The Nifty remains
A/D Ratio 2.25 : 1 1.96 : 1
placed above its 50-day SMA, 100-day SMA and 200-day
Volume (Lacs Shares) * SMA. More so the Nifty’s 50-day SMA remains placed
08/09/12 07/09/12 % Chg.
above Nifty’s 100-day SMA and 200-day SMA, the later
being called the ‘Golden Cross breakout’. These positive
BSE 369 1748 -78.89
conditions would lead to further buying support.
NSE 756 5207 -85.48
However, a few prevailing technical negatives continue
Total 1125 6955 -83.82 to hold good. The MACD is still placed below its average
Turnover ( ` Crores) * and in the negative territory. The Nifty has formed a
negative divergence pattern. The Stochastic is placed
08/09/12 07/09/12 % Chg.
near the over bought zone and would lead to profit taking
BSE 383.11 1850.17 -79.29
at higher levels. These negative technical conditions
NSE 1048.06 9870.43 -89.38 would lead to selling pressure. The ADX line, +DI line and
NSE F&O 12189.08 106760.72 -88.58 –DI line are moving sideways indicating a range bound
Total 13620.25 118481.32 -88.50 trend. The market sentiment remains cautious. Now, it is
important that markets witness follow up buying support
F&O Contracts Traded (NSE) * at higher levels for the Nifty to test the 5400 level. In the
08/09/12 07/09/12 % Chg. meanwhile the markets would take cues from global
Index Fut. 34522 287680 -88.00 markets, Rupee, and the crude prices. The support levels
Stock Fut. 56210 374510 -84.99 for Nifty are placed at 5333, 5250, 5215, 5118 and 5047. The
Index Opt. 347150 2210111 -84.29 Nifty faces resistance at 5386, 5464, 5500, 5565 and 5607
Stock Opt. 23932 188970 -87.34
levels.
Total 461814 3061271 -66.25
NOTE: Volume, Turnover and F&O Contracts Traded data not
NOTE - * - Source – BSE & NSE comparable with previous day as Trading Session on 08/09/12 was
only for 90 minutes.
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 130
Achieved
given Buy @
124 on
Aurobindo Pharma 128.00 Buy Above 129 126.30 2.09 135 4.65 08/09/12
Bank of Baroda 633.10 Buy Above 635 626.00 1.42 655 3.15
Bharat Forge 294.45 Buy Above 298 290.35 2.57 315 5.70
* 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 17750 17739 17784 17818 17896 17705 17661 17583
S&P CNX NIFTY 5359 5356 5369 5379 5402 5346 5333 5310
NIFTY SEPT. FUT. 5380 5377 5393 5405 5432 5365 5350 5322
Stocks To Watch Out Today
ABB, AB Nuvo, Allahabad Bank, Asian Paints, Aurobindo Pharma, BoB, Bharat Forge, Biocon, Bombay Dying, Cipla, Dish TV,
FT, GAIL, HCL Tech; HDFC, Hexaware, Hindalco, HOECL, HUL, ICICI Bank, Idea, Infosys Tech; JP Associates, Karnataka
Bank, LIC Hsg; L&T, Lupin, M&M, Maruti, Raymond, Reliance, Rel. Infra, SBI, SCI, Sun TV, Tata Chemicals, Tata Motors,
Tata Steel, Tech Mahindra, Welcorp, Yes Bank
BPCL, ITC, Ranbaxy, United Spirits
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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