1. Daily Technical Outlook
10th December 2012
Indices * Close % Chg. Correction likely to unfold…
BSE SENSEX 19424.10 -0.32
S&P CNX NIFTY 5907.40 -0.40 Mirroring the positive global market cues the domestic
NIFTY DEC. FUT. 5944.90 -0.43 markets witnessed a positive opening. However, the markets
India VIX 14.96 -1.83 failed to capitalize on the gains and slipped in the red on
back of profit taking and selling pressure. The markets
S&P CNX NIFTY Technical Levels
struggled to sustain higher. The over all trend remained
Level 1 Level 2 Level 3 range bound. The markets ended the day with modest losses
Support 5885 5816 5747 to close near the lows for the day. However, the Nifty
Resistance 5945 6135 6313 managed to close above the psychologically important 5900
level. The top losers for the day were DLF, Axis Bank, Sesa
Simple Moving Averages S&P CNX NIFTY
Goa, HCL Tech; Tata Steel, Reliance, Rel. Infra, TCS,
50 Day SMA 5704.85 ◄Positive
Powergrid and Asian Paints.
100 Day SMA 5513.91
200 Day SMA 5345.01 Technically, the market breadth remained negative
amidst lower volumes. The markets witnessed a bout of
Market Breadth * BSE NSE
correction on back of the prevailing technical negatives.
Advances 1436 691
The Nifty has formed a negative divergence pattern on
Declines 1486 858 the daily charts, which does not augur well for the
Same 130 121 markets. Moreover, the Stochastic is still placed below
Total 3052 1670 its average. More so, the RSI and the Stochastic are
A/D Ratio 0.97 : 1 0.81 : 1 placed in the over bought zone. These negative technical
conditions would lead to further selling pressure.
Volume (Lacs Shares) * However, the prevailing technical positive conditions still
07/12/12 06/12/12 % Chg. hold good. The MACD, KST and RSI all are still placed
BSE 3042 2982 2.01 above their respective averages. Moreover, the MACD
NSE 8745 9170 -4.63 and KST are placed in the positive territory. The Nifty
Total 11787 12152 -3.00 remains placed above its 50-day SMA, 100-day SMA and
200-day SMA. More so the Nifty’s 50-day SMA remains
Turnover ( ` Crores) * placed above Nifty’s 100-day SMA and 200-day SMA, the
07/12/12 06/12/12 % Chg. later being called the ‘Golden Cross breakout’. These
BSE 313824 414976 -24.38 positive conditions would lead to buying support at
NSE 594129 660652 -10.07
lower levels. Though, the +DI line is placed above the 31
level it continues to move lower, indicating buyers are
NSE F&O 3117550 3898942 -20.04
booking profits regularly. The market sentiment remains
Total 306480 325820 -5.94
cautious as the Nifty approached all time high. Now, it is
F&O Contracts Traded (NSE) * important that the Nifty witnesses follow up buying
07/12/12 06/12/12 % Chg.
support at higher levels for the Nifty to test the 5945
resistance levels and move higher. In the meanwhile the
Index Fut. 313824 414976 -24.38
markets would take cues from the on going parliament
Stock Fut. 594129 660652 -10.07
session, global markets, Rupee and the crude prices. The
Index Opt. 3117550 3898942 -20.04 support levels for Nifty are placed at 5885, 5816, 5747 and
Stock Opt. 306480 325820 -5.94 5665. The Nifty faces resistance at 5945, 6135 and 6313
Total 4331983 5300390 -15.11 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
TGT of 1133
Achieved given
Buy @ 1100 on
AB Nuvo 1118.30 Buy Above 1125.00 1109.00 1.42 1160 3.11 04/12/12
Adani Ports 137.60 Buy Above 138.00 134.85 2.28 145 5.07
TGT of 163
Achieved given
Buy @ 157 on
Allahabad Bank 158.85 Buy Above 160.00 157.30 1.69 166 3.75 03/12/12
TGT of 120
Achieved given
Buy @ 116 on
Andhra Bank 117.75 Buy Above 118.50 116.00 2.11 124 4.64 03/12/12
* 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 19424 19450 19536 19648 19847 19338 19251 19052
S&P CNX NIFTY 5907 5915 5942 5977 6038 5881 5854 5793
NIFTY DEC. FUT. 5945 5949 5976 6007 6065 5918 5891 5832
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

3. Stocks To Watch Out Today
AB Nuvo, Adani Enterprises, Adani Ports, Adani Power, Allahabad Bank, Andhra Bank, Bajaj Hind; BoB, Canara Bank, CBI,
Dabur, DCB; Glaxo, Hindalco, HOECL, HPCL, IDFC, India Cement, IndianBank, IOB, IRB Infra, ITC, JP Associates, JSW
Energy Jubilant Food, Maruti, McLeod Russel, MTNL, Patel Engg; Petronet, Piramal healthcare, Punj Lloyd, Raymond,
Renuka Sugar, Sobha, Tata Global, Tata Motors, Tata Motors DVR
Bhushan Steel, Cipla, Coal India, Colgate, DLF, Fortis, HCL Tech; Hexaware, Hind. Zinc, Hotel Leela, Idea, IGL, Indusind
Bank, NMDC, Oil India, TCS
NOTE:
TECHNICAL ANALYSIS ABBREVATIONS
SMA – Simple Moving Average
EMA – Exponential Moving Average
WMA – Weighted Moving Average
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