1. Daily Technical Outlook
17th September 2012
Indices * Close % Chg. Government unleashes reforms
BSE SENSEX 18464.27 2.46
S&P CNX NIFTY 5577.65 2.62 Mirroring the positive global market cues the domestic
NIFTY SEPT. FUT. 5584.90 2.46 markets witnessed a gap up opening, which also led to
India VIX 15.38 -1.85 intermediate bouts of short covering helping the benchmark
indices to trade with smart gains. Though profit taking was
S&P CNX NIFTY Technical Levels witnessed at higher levels the markets managed to hold on to
Level 1 Level 2 Level 3 the gains. The markets ended the day with large gains to
Support 5526 5448 5333 close near the highs for the day. The top gainers for the day
Resistance 5607 5630 5703 were HIndalco, DLF, Jindal Steel, JP Associates, Bank of
Baroda, ICICI Bank, Sesa Goa, Sterlite, Axis Bank and Tata
Simple Moving Averages S&P CNX NIFTY Steel.
50 Day SMA 5290.04
100 Day SMA 5171.67 Technically, the market breadth remained positive,
200 Day SMA 5150.20 ◄Critical
amidst higher volumes, which is a positive sign for the
markets. The global market cues are positive. The
Market Breadth * BSE NSE domestic markets are likely to witness a gap up opening.
Advances 1497 806 The prevailing positive technical conditions continued to
Declines 1420 678 boost markets. The MACD, RSI and KST all are still
Same 141 107
placed above their respective averages. More so the KST
and MACD are placed in the positive territory. The Nifty
Total 3058 1591
remains placed above its 50-day SMA, 100-day SMA and
A/D Ratio 1.05 : 1 1.19 : 1
200-day SMA. More so the Nifty’s 50-day SMA remains
Volume (Lacs Shares) * placed above Nifty’s 100-day SMA and 200-day SMA, the
14/09/12 13/09/12 % Chg.
later being called the ‘Golden Cross breakout’. The ADX
line and +DI line are moving higher, More so the +DI line
BSE 2082 1942 7.21
has moved above the 30 level, indicating buyers are
NSE 8031 5491 46.25
gaining strength. These positive conditions would lead
Total 10113 7433 36.05 to further buying support. However, a few prevailing
Turnover ( ` Crores) * technical negatives also continue to hold good and
would weigh on market sentiment at higher levels. The
14/09/12 13/09/12 % Chg.
Stochastic has slipped below its average. Moreover, the
BSE 2154.42 1938.40 11.14
RSI and Stochastic are placed in the over bought zone.
NSE 14855.73 8906.63 66.79 These negative technical conditions would lead to
NSE F&O 194298.06 81879.61 137.30 selling pressure and profit taking at higher levels. The
Total 211308.21 92724.64 127.89 market sentiment has turned positive. Now, it is
important that markets witness follow up buying support
F&O Contracts Traded (NSE) * at higher levels. Moreover, it is important that the RBI
14/09/12 13/09/12 % Chg. also announces a rate cut for buying momentum to
Index Fut. 539824 208386 159.05 continue. In the meanwhile the markets would take cues
Stock Fut. 654879 386376 69.49 from RBI’s monetary policy, global markets, Rupee, and
Index Opt. 5424042 2205423 145.94 the crude prices. The support levels for Nifty are placed at
Stock Opt. 439035 210258 108.81
5526, 5448, 5386, 5333 and 5250. The Nifty faces resistance
at 5607, 5630, 5703 and 5740 levels.
Total 7057780 3010443 114.51
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 198
Achieved
given Buy @
192 on
Ambuja Cements 197.35 Buy Above 198 194.85 1.59 205 3.54 13/09/12
TGT of 655
Achieved
given Buy @
635 on
Bank of Baroda 680.80 Buy Above 685 673.75 1.64 710 3.65 10/09/12
Cairn 354.45 Buy Above 356 346.50 2.67 377 5.90
* 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 18464 18416 18547 18630 18843 18333 18202 17988
S&P CNX NIFTY 5578 5564 5601 5623 5683 5541 5504 5444
NIFTY SEPT. FUT. 5585 5571 5612 5639 5706 5544 5503 5436
Stocks To Watch Out Today
ACC, Allahabad bank, Ambuja Cements, Asian Paints, Axis Bank, Bajaj Auto, Bank of Baroda, bank of India, BHEL, Bhushan
Steel, Bombay Dying, Cairn India, Canara Bank, Coal India, Dish TV, DLF, HDFC, HDFC Bank, HDIl, Hero Motocorp,
Hindalco, ICICI Bank, IDFC, Infosy Tech; JP Associates, Kotak Bank, Maruti, Reliance, Rel. Infra, SAIL, SBI, Sesa Goa, Tata
Motors, UCO Bank, VIP, Yes Bank. Cipla, Dr. Reddys, Glaxo, GMDC, HPCL, IOC, ITC, Lupin, Mphasis, NTPC, Oil India,
ONGC, Piramal Healthcare, Polaris,Pwergrid, Ranbaxy, Rolta, Sun Pharma, Tata Chemicals, TCS, Tech Mahindra
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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