1. Daily Technical Outlook
16th November 2012
Indices * Close % Chg. Markets respect 50-day SMA support
BSE SENSEX 18471.37 -0.79
S&P CNX NIFTY 5631.00 -0.63 Mirroring the weak global market cues the domestic markets
NIFTY NOV. FUT. 5649.15 -0.56 opened on a negative note. The markets drifted during the
India VIX 15.53 4.15 course of the week on back of profit taking and selling
pressure. However, the Nifty managed to take support
S&P CNX NIFTY Technical Levels around its 50-day SMA. Short covering at lower levels along
Level 1 Level 2 Level 3 with selective buying support helped the markets come off
Support 5554 5447 5421 the lows for the day. It ended the day with moderate losses to
Resistance 5665 5747 5816 close near the highs for the day. The top losers for the day
were Ultratech, ITC, Tata Steel, Jindal Steel, Grasim, TCS,
Simple Moving Averages S&P CNX NIFTY Sesa Goa, Wipro, Infosys Tech and Tata Motors.
50 Day SMA 5617.02
100 Day SMA 5438.64 Technically, the market breadth remained negative. The
200 Day SMA 5318.85 ◄Positive prevailing negative technical conditions continued to
weigh on the market sentiment. These conditions still
Market Breadth * BSE NSE hold good. The Stochastic, KST and RSI all are still
Advances 1197 401 placed below their respective averages. Moreover, the
Declines 1632 707 KST remains placed in the negative and warns of
Same 96 36 impending selling pressure. However, a few technical
Total 2925 1144 positives still hold good and would help in supporting
A/D Ratio 0.73 : 1 0.57 : 1
the markets at lower levels. The MACD is placed above
its average and is also placed in the positive territory,
Volume (Lacs Shares) * which augurs well for the markets. The Nifty remains
15/11/12 13/11/12 % Chg. placed above its 50-day SMA, 100-day SMA and 200-day
BSE 2386 1194 99.83
SMA. More so the Nifty’s 50-day SMA remains placed
above Nifty’s 100-day SMA and 200-day SMA, the later
NSE 8068 2550 216.45
being called the ‘Golden Cross breakout’. These positive
Total 10454 3744 179.26
conditions would lead to regular bouts of short covering
Turnover ( ` Crores) * and buying support. The ADX line, +DI line and –DI line
15/11/12 13/11/12 % Chg.
are moving sideways, indicating a range bound trend.
The market sentiment remains cautious Now, it is
BSE 2526.45 973.61 159.49
important that the Nifty witnesses buying support at
NSE 13233.72 2951.03 348.44
lower levels and sustains above the 50-day SMA for
NSE F&O 113526.90 26595.23 326.87 buying support to emerge. In the meanwhile the markets
Total 129287.07 30519.87 323.62 would take cues from the global markets, Rupee and the
crude prices. The support levels for Nifty are placed at
F&O Contracts Traded (NSE) *
5554, 5447 and 5421. The Nifty faces resistance at 5665,
% Chg.
15/11/12 13/11/12
5747, 5816, 5885, 5910 and 5945 levels.
Index Fut. 279644 81284 244.03
Stock Fut. 505088 115719 336.48
Index Opt. 2849299 664896 328.53
Stock Opt. 313051 57664 442.89
Total 3947082 919563 265.32
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
AB Nuvo 968.10 Buy Above 970 954.00 1.65 1005 3.61
Ashok Leyland 28.25 Buy Above 29 27.50 5.17 32 10.34
BHEL 235.35 Buy Above 236 231.95 1.72 245 3.81
* 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 18471 18491 18574 18676 18861 18389 18306 18122
S&P CNX NIFTY 5631 5629 5654 5677 5725 5606 5581 5533
NIFTY NOV. FUT. 5649 5644 5667 5685 5727 5626 5602 5561
Stocks To Watch Out Today
AB Nuvo, Adani Enterprises, Bharti Airtel, BHEL, Biocon, Bombay Dying, Cairn India, Dabur, Dish TV, DLF, FT, HUL, Idea,
IDFC, India Info; IGL, IRB Infra, Jet Airways, Kotak Bank, KTK Bank, Maruti, McLeod Russel, NHPC, OBC, RCOM; Sun TV,
Tata Coffee, Tata Global, Titan
Ambuja Cements, Asian Paints, BPCL, Cipla, Cummins, Dr. Reddys, Grasim, GSPL, Hero Motocorp, Hexaware, HPCL, Hind.
Zinc, ICICI Bank, India Cement, Infosys Tech; ITC, Jindal Saw, Jindal Steel, Jubilant Food, LIC Hsg, Lupin, M&M, NMDC,
NTPC, Oil India, ONGC, Opto Circuit, Orchid Chemicals, Pantaloon Retail, Petronet, PFC, Sesa Goa, Sterlite, Tata Steel,
TCS, Tech Mahindra, Ultratech Cemco, Voltas, Yes Bank
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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