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Keynote technicals daily report for 160212


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Keynote technicals daily report for 160212

  1. 1. Daily Technical Outlook 16th February 2012 Indices * Close % Chg. Mirroring the positive Asian market cues, the domestic BSE SENSEX 18202.41 1.98 markets witnessed a firm opening. Steady buying support S&P CNX NIFTY 5531.95 2.14 was witnessed as markets traded above the 5400 level. The NIFTY FEB. FUT. 5552.55 2.06 markets showed no signs of weakness though occasional India VIX 22.10 -2.68 bouts of profit taking and selling pressure were witnessed. The markets ended the day with handsome gains to close S&P CNX NIFTY Technical Levels near the highs for the day. The top gainers for the day were Level 1 Level 2 Level 3 Rel. Power, JP Associates, Tata Motors, Axis Bank, DLF,Support 5400 5327 5161 Tata Power, Rel. Comm., L&T, BHEL and Sterlite.Resistance 5681 5728 5885 Technically, the market breadth remained robust amidst Moving Averages S&P CNX NIFTY higher volumes, which is a positive sign for the markets.50 Day SMA 4952.19 The Nifty has managed to sustain above the crucial 5400 ◄Negative100 Day SMA 4984.27 level. The KST and Stochastic have once again moved200 Day SMA 5173.08 ◄Positive above their respective averages. The RSI and MACD are already placed above their respective averages. More so Volume (Lacs Shares) * KST and MACD are placed in the positive, which augurs 15/02/12 14/02/12 % Chg. well for the markets. The Nifty remains placed above itsBSE 4316 3371 28.03 50-day, 100-day and 200-day SMA, which is a positiveNSE 13139 9287 41.48 sign for the markets. The Nifty remains placed above its April’2011 descending trend line. The -DI line is movingTotal 17455 12658 37.90 lower. However, the ADX line and +DI line are placed Turnover ( ` Crores) * above the 30 level and moving higher, indicating buyers 15/02/12 14/02/12 % Chg. have an upper hand. All these positive conditions would help in fueling buying support at regular intervals.BSE 4139.38 3556.76 16.38 However, a few prevailing technical negatives are likelyNSE 18737.39 13285.28 41.04 to weigh on market sentiment. The KST, RSI, MACD andNSE F&O 171858.87 103255.13 66.44 Stochastic are all placed in the over bought zone. The 50-Total 194735.64 120097.17 62.15 day SMA continues to remain placed below the 100-day SMA. All these conditions would lead to regular bouts of F&O Contracts Traded (NSE) * profit taking and selling pressure. The market sentiment 15/02/12 14/02/12 % Chg. remains cautious as markets are placed in the overIndex Fut. 545325 361700 50.77 bought zone. Now, it is important that the marketsStock Fut. 840598 616051 36.45 witness follow up buying support at regular intervals forIndex Opt. 4483921 2562352 74.99 the Nifty to sustain above the 5400 level and to test theStock Opt. 276977 204080 35.72 5681 resistance level. Intermediate bouts of profit takingTotal 6146821 3744183 53.27 and selling pressure are likely to be witnessed amidst volatile and choppy trade. In the meanwhile the markets Market Breadth (NSE) * would take cues from the earnings season, the globalAdvances 1064 markets and the crude prices. The support levels for NiftyDeclines 427 are placed at 5400, 5327, 5161 and 5037. The Nifty facesSame 66 resistance at the 5681, 5728 and 5885 levels.Total 1557A/D Ratio 2.49 : 1NOTE - *- Source – BSE & NSESanjay Bhatia (AVP – Technicals), Email Id Yahoo Chat Id: Keynote Capitals Ltd. th 4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
  2. 2. Short Term Trading Ideas Based On Technical Analysis (5 - 7 Days) Stop Initiation Stop Loss Target Stock Close Action Price Loss * (%) Target (%) RemarksAllahabad Bank 195.50 Buy Above 197.00 193.00 2.03 206 4.57BGR Energy 295.00 Buy Above 301.00 281.50 6.48 344 14.29BHEL 277.10 Buy Above 280.00 271.00 3.21 300 7.14DLF 248.85 Buy Above 252.00 241.50 4.17 275 9.13* 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 S3BSE SENSEX 18202 18145 18289 18376 18607 18058 17914 17683S&P CNX NIFTY 5532 5512 5563 5593 5675 5481 5430 5349NIFTY FEB. FUT. 5553 5531 5586 5620 5710 5497 5441 5352 Keynote Capitals Ltd. th 4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
  3. 3. DisclaimerThis document is not for public distribution and has been furnished to you solely for your information and must not bereproduced or redistributed to any other person. Persons into whose possession this document may come arerequired to observe these restrictions.This material is for the personal information of the authorized recipient, and we are not soliciting any action basedupon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in anyjurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of KeynoteCapitals Ltd. It does not constitute a personal recommendation or take into account the particular investmentobjectives, 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 reliablethough its accuracy or completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connectedwith it, accepts any liability arising from the use of this document. The recipients of this material should rely on theirown investigations and take their own professional advice. Price and value of the investments referred to in thismaterial may go up or down. Past performance is not a guide for future performance. Certain transactions -includingthose involving futures, options and other derivatives as well as non-investment grade securities - involve substantialrisk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’sprice movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may notmatch 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 toupdate on a reasonable basis the information discussed in this material, there may be regulatory, compliance, orother reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-lookingstatements are not predictions and may be subject to change without notice. Our proprietary trading and investmentbusinesses 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 shortpositions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any othertransaction involving such securities and earn brokerage or other compensation or act as a market maker in thefinancial 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 andopinions.The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personalviews about the subject company or companies and its or their securities, and no part of his or her compensationwas, 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., priorwritten consent. Keynote Capitals Ltd. th 4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322