1. Daily Technical Outlook
19th November 2012
Indices * Close % Chg. Markets under pressure
BSE SENSEX 18309.37 -0.88
S&P CNX NIFTY 5574.05 -1.01 Mirroring the inconclusive global market cues the domestic
NIFTY NOV. FUT. 5580.55 -1.21 markets witnessed a flat opening. However, the markets
India VIX 16.22 4.44 managed to move higher but failed to move above its
resistance placed at 5665. Increased selling pressure was
S&P CNX NIFTY Technical Levels witnessed in the last hour of trade as markets fell sharply on
Level 1 Level 2 Level 3 back of broad based selling pressure. The Nifty failed to
Support 5554 5447 5421 respect its 50-day SMA and also breached the 5600 level.
Resistance 5665 5747 5816 The markets failed to show any resilience against selling
pressure. The markets ended the day with moderate losses
Simple Moving Averages S&P CNX NIFTY to close near the lows for the day. The top losers for the day
50 Day SMA 5623.02 were IDFC, Rel. Infra, Tata Motors, DLF, Kotak Bank, HUL,
100 Day SMA 5442.92 Ambuja Cements, Cipla, ICICI Bank and BHEL.
200 Day SMA 5320.73 ◄Positive
Technically, the market breadth remained negative
Market Breadth * BSE NSE amidst lower volumes. The prevailing negative technical
Advances 1112 483 conditions continued to weigh on the market sentiment.
Declines 1738 1021 These conditions still hold good. The Stochastic, KST
Same 113 76 and RSI all are still placed below their respective
Total 2963 1580 averages. Moreover, the KST remains placed in the
A/D Ratio 0.64 : 1 0.47 : 1
negative, which warns of impending selling pressure.
The Nifty has breached its 50-day SMA, which does not
Volume (Lacs Shares) * augur well for the markets. These negative conditions
16/11/12 15/11/12 % Chg. would lead to further selling pressure. However, a few
BSE 2321 2386 -2.72
technical positives still hold good and would help in
supporting the markets at lower levels. The Stochastic is
NSE 7374 8068 -8.61
place in the over sold zone. The MACD is placed above
Total 9695 10454 -7.27
its average and is also placed in the positive territory,
Turnover ( ` Crores) * which augurs well for the markets. The Nifty remains
16/11/12 15/11/12 % Chg.
placed above its 100-day SMA and 200-day SMA. More so
the Nifty’s 50-day SMA remains placed above Nifty’s 100-
BSE 2387.83 2526.45 -5.49
day SMA and 200-day SMA, the later being called the
NSE 11925.22 13233.72 -9.89
‘Golden Cross breakout’. These positive conditions
NSE F&O 129911.51 113526.90 14.43 would lead to regular bouts of short covering and buying
Total 144224.56 129287.07 11.55 support at lower levels. The ADX line and –DI line are
moving higher and the –DI line is placed above the 30
F&O Contracts Traded (NSE) *
level indicating sellers are gaining strength. The market
16/11/12 15/11/12 % Chg.
sentiment has turned negative. Now, it is important that
Index Fut. 337196 279644 20.58 the Nifty witnesses buying support at lower levels and
Stock Fut. 542754 505088 7.46 moves and sustains above its 50-day SMA for buying
Index Opt. 3333113 2849299 16.98 support to emerge. In the meanwhile the markets would
Stock Opt. 357876 313051 14.32 take cues from the global markets, Rupee and the crude
Total 4570939 3947082 13.39 prices. The support levels for Nifty are placed at 5554, 5447
and 5421. The Nifty faces resistance at 5665, 5747, 5816,
NOTE - * - Source – BSE & NSE
5885, 5910 and 5945 levels.
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
ACC Fut 1377.25 Sell Below 1375.00 1395.00 1.45 1330 3.27
Andhra Bank Fut 103.55 Sell Below 103.00 105.25 2.18 98 4.85
Hinalco Fut 109.00 Sell Below 108.75 111.50 2.53 103 5.29
TGT of 299
Achieved given
Buy @ 284 on
Bharti Airtel 301.40 Buy Above 304 299.75 1.40 314 3.29 15/11/12
* 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 18309 18380 18493 18676 18973 18196 18083 17787
S&P CNX NIFTY 5574 5595 5630 5685 5775 5539 5504 5414
NIFTY NOV. FUT. 5581 5604 5640 5700 5796 5544 5508 5412
Stocks To Watch Out Today
Bharti Airtel, Century Textiles, Coal India, Colgate, Cummins, GE Shipping, idea, Indusind Bank, ONGC, Raymond, Tata
Coffee, Uniphos, Welcorp
ACC, Ambuja Cements, Andhra Bk; Bajaj Hind; Biocon, BPCL, Cairn, Canara Bk; Cipla, Dabur, DCB, GAIL, GMR Infra,
Godrej Inds; Grasim, HDFC, HDIL, Hero Motocorp; Hindalco, HOECL, HPCL, HUL, ICICI Bk; IDBI, ITC, Jindal Saw, Jubilant
Foods, L&T, M&M, Pantaloon Retail, Petronet, PFC, PNB, Polaris, Rel. Capital, Reliance, RPower, Sesa Goa, Sterlite, Sun
Pharma, Syndicate Bk; Tata Comm; Tata Motors DVR, Tata Power, 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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