1. Daily Technical Outlook
15th January 2013
Indices * Close % Chg. Follow up buying support needed
BSE SENSEX 19906.41 1.23
S&P CNX NIFTY 6024.05 1.22
Mirroring the positive global market cues the domestic
markets witnessed a firm opening. Lower inflation data also
NIFTY JAN 13 FUT. 6057.50 1.34
helped to perk up the sentiment. Buying support continued on
India VIX 13.70 3.55
the bourses leading to intermediate bouts of short covering.
S&P CNX NIFTY Technical Levels The markets showed no signs of weakness but profit taking
Level 1 Level 2 Level 3 was visible at higher levels. The markets ended the day with
Support 5966 5885 5816
moderate gains to close near the highs for the day. Nifty
managed to close above the psychologically important 6000
Resistance 6158 6313 6358
level. The top gainers for the day were DLF, ONGC, HCL
Simple Moving Averages S&P CNX NIFTY Tech; Jindal Steel, Infosys Tech, JP Associates , PNB,
50 Day SMA 5825.74 ◄Positive HDFC, Ambuja Cement and TCS.
100 Day SMA 5686.35
Technically, the market breadth remained positive
200 Day SMA 5419.20
amidst lower volumes. The Stochastic being placed in
Market Breadth * BSE NSE the over sold zone helped the markets witness short
Advances 1394 744
covering. The Stochastic, RSI and KST have moved
Declines 878 411
above their respective averages. Moreover, the MACD is
already placed above its average. More so, the MACD
Same 735 43
and KST are also placed in the positive territory. The
Total 3007 1198
Nifty remains placed above its 50-day SMA, 100-day SMA
A/D Ratio 1.59 : 1 1.81 : 1 and 200-day SMA. The Nifty’s 50-day SMA remains
Volume (Lacs Shares) * placed above Nifty’s 100-day SMA and 200-day SMA, the
later being called the ‘Golden Cross breakout’. These
14/01/13 11/01/13 % Chg.
positive conditions would lead to buying support and
BSE 2280 2839 -19.69
would further prompt short covering. However, the
NSE 6706 7735 -13.31 second negative divergence pattern formed on the Nifty
Total 8986 10574 -15.02 still holds good and remains a major concern for the
markets and would lead to selling pressure especially at
Turnover ( ` Crores) * higher levels. The ADX line, +DI line and –DI line is
14/01/13 11/01/13 % Chg. moving sideways; indicating range bound trend. The
BSE 2280.41 2528.72 -9.82 market sentiment remains cautious. Now, it is important
NSE 12702.11 14022.85 -9.42 that the Nifty sustains above the psychologically
NSE F&O 134826.46 132850.86 1.49 important 6000 level for it to move higher and test the
Total 149808.98 149402.43 0.27 6135 resistance level. It is important that the markets
witness follow up buying support at higher levels. In the
F&O Contracts Traded (NSE) * meanwhile the markets would take cues from the
14/01/13 11/01/13 % Chg. ongoing earnings season, global markets, Rupee and the
Index Fut. 305779 274500 11.39 crude prices. The support levels for Nifty are placed at 5966,
Stock Fut. 505343 603406 -16.25 5885, 5816 and 5747. The Nifty faces resistance at 6158,
Index Opt. 3020799 2680833 12.68
6313 and 6358 levels.
Stock Opt. 498213 706017 -29.43
Total 4330134 4264756 3.10
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
Stock Close Action Price Loss * (%) Target Target (%) Remarks
Allahabad Bank 182.50 Buy Above 183 179.75 1.78 190 3.83
Axis Bank 1386.10 Buy Above 1388 1369.00 1.37 1430 3.03
DLF 247.20 Buy Above 249 241.25 3.11 266 6.83
* 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 19906 19848 20007 20108 20367 19747 19589 19329
S&P CNX NIFTY 6024 6008 6053 6082 6157 5979 5933 5858
NIFTY JAN 13 FUT. 6058 6009 6033 6009 6009 6033 6009 6009
Stocks To Watch Out Today
AB Nuvo, Adani Power, Allahabad Bank, Apollo Tyre, Axis Bank, Bank of India, Canara Bank, CESC, Dabur, DLF, HCL Tech;
HDFC, HDIL, hexaware, Idea, IFCI, Infosys Tech; NCC, ONGC, OBC, PNB, Rel. Comm; Sintex, Sobha, Sun TV, Syndicate
Bank, TCS, Tech Mahindra, Uniphos, Unitech, ZEEL
ACC, Arvind, Bajaj Auto, Bajaj Hind; Balrampur Chini, Cairn India Cipla, Coal India, Colgate, Hotel Leela, JP Power, Kotak
Bank, Lupin, Maruti, McLeod Russel, Powergrid, Ranbaxy, REC, Sun Pharma, Tata Power, Ultreatech Cemco
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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