1. Daily Technical Outlook
20th December 2012
Indices * Close % Chg. 5945 remains a sore point
BSE SENSEX 19476.00 0.57
S&P CNX NIFTY 5929.60 0.56
Mirroring the positive global market cues the domestic
markets witnessed a gap up opening. However, markets
NIFTY DEC. FUT. 5946.90 0.30
failed to capitalize on morning gains and came off the highs
India VIX 14.47 0.20
for the day on back of profit taking and selling pressure.
S&P CNX NIFTY Technical Levels Follow up buying remained absent at higher levels as Nifty
Level 1 Level 2 Level 3 failed to test the 5945 resistance level. However, the markets
Support 5885 5816 5747
managed to move higher in last hour of trade on back of
short covering and selective buying support. The markets
Resistance 5945 6135 6313
ended the day with moderate gains to close near the highs
Simple Moving Averages S&P CNX NIFTY for the day. The top gainers for the day were Sun Pharma,
50 Day SMA 5733.58 ◄Positive ONGC, Tata Motors, Asian Paints, Wipro, Tata Steel, Maruti,
100 Day SMA 5569.74
Bajaj Auto, Jindal Steel and Ambuja Cements.
200 Day SMA 5364.77 Technically, the market breadth remained positive
Market Breadth * BSE NSE
amidst lower volumes, indicates lack of participation t
higher levels. The smart pull back rally continued on the
Advances 1651 677
bourses. The prevailing technical positive conditions still
Declines 1310 474
hold good. The SRSI and KST have moved above their
Same 144 45 respective averages. Moreover, the Stochastic is already
Total 3105 1196 placed above its average. The MACD and KST are placed
A/D Ratio 1.26 : 1 1.43 : 1 in the positive territory. The Nifty remains placed above
its 50-day SMA, 100-day SMA and 200-day SMA. The
Volume (Lacs Shares) * Nifty’s 50-day SMA remains placed above Nifty’s 100-day
19/12/12 18/12/12 % Chg. SMA and 200-day SMA, the later being called the ‘Golden
BSE 2901 3475 -16.52 Cross breakout’. These positive conditions would lead to
NSE 8444 8203 2.93 further buying support. However, the prevailing technical
Total 11345 11678 -2.86 negatives continue to hold good and would weigh on the
market sentiment at higher levels The negative
Turnover ( ` Crores) * divergence pattern formed on the Nifty still holds good.
19/12/12 18/12/12 % Chg. Moreover, the MACD has slipped below its average.
BSE 2518.75 3065.71 -17.84 These negative technical conditions would lead to
NSE 14122.78 13446.14 5.03 selling pressure, especially at higher levels. The market
NSE F&O 122207.74 192649.23 -36.56 sentiment remains cautious as the Nifty index continues
Total 138849.27 209161.08 -33.62
to trade below the 5945 resistance level. Now, it is
important that the Nifty witnesses buying support for the
F&O Contracts Traded (NSE) * Nifty to test the 5945 level and move above it. It Nifty fails
19/12/12 18/12/12 % Chg. then it could test the 5800-5750 level in the near future.
Index Fut. 209703 463897 -54.80
Pull back rallies should be used as an opportunity to
create short positions until the Nifty spot index closes
Stock Fut. 686957 774169 -11.27
above the 5950 level. In the meanwhile the markets
Index Opt. 2835374 4768539 -40.54
would take cues from the Parliament session, global
Stock Opt. 339752 462420 -26.53 markets, Rupee and the crude prices. The support levels
Total 4071786 6469025 -31.78 for Nifty are placed at 5816, 5747 and 5665. The Nifty faces
NOTE - * - Source – BSE & NSE resistance at 5885, 5945, 6135 and 6313 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
Stock Close Action Price Loss * (%) Target Target (%) Remarks
Adani Enterprises 291.70 Buy Above 293.00 287.50 1.88 305.00 4.10
Asian Paints 4429.85 Buy Above 4435.00 4372.00 1.42 4575.00 3.16
TGT of
2150
Achieved
given Buy
@ 2085 on
Bajaj Auto 2143.05 Buy Above 2147.00 2116.00 1.44 2215.00 3.17 14/12/12
* 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 19476 19471 19521 19567 19663 19425 19374 19278
S&P CNX NIFTY 5930 5927 5942 5955 5984 5914 5898 5869
NIFTY DEC. FUT. 5947 5948 5961 5974 6000 5934 5922 5895
Stocks To Watch Out Today
Aban, Adani Enterprises, Adani Ports, Adani PowerAllahabad Bank, , Apollo Tyre, Bajaj Auto, Bajaj Holdings, Bank of India,
BEL, BPCL, Canara Bank, Cipla, Colgate, Federal Bank, GAIL, GE Shipping, GSPL, HCL Tech; Hero Motocorp, Hindalco,
Indian Hotels, Infosys Tech; JIndal Steel, Jain Irrigation, LIC Hsg; lupin, McLeod Russel, Oil India, ONGC, PTC, REC, SAIL, ,
SCI, Sesa Goa, Sintex, Sobha, Sun Pharma, Tata Chem; Tata Motors, Tata Steel, TCS, Wipro, Yes Bank
Axis Bank, Balrampur Chini, Cairn, Dabur, Essar oil, India Cement, ITC, L&T, OnMobile, Siemens, TTK Prestige
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
Disclaimer
This document is not for public distribution and has been furnished to you solely for your information and must not be
reproduced or redistributed to any other person. Persons into whose possession this document may come are
required to observe these restrictions.
This material is for the personal information of the authorized recipient, and we are not soliciting any action based
upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Keynote
Capitals Ltd. It does not constitute a personal recommendation or take into account the particular investment
objectives, 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 reliable
though its accuracy or completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected
with it, accepts any liability arising from the use of this document. The recipients of this material should rely on their
own investigations and take their own professional advice. Price and value of the investments referred to in this
material may go up or down. Past performance is not a guide for future performance. Certain transactions -including
those involving futures, options and other derivatives as well as non-investment grade securities - involve substantial
risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s
price movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not
match 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 to
update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or
other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking
statements are not predictions and may be subject to change without notice. Our proprietary trading and investment
businesses 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 short
positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other
transaction involving such securities and earn brokerage or other compensation or act as a market maker in the
financial 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 and
opinions.
The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal
views about the subject company or companies and its or their securities, and no part of his or her compensation
was, 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., prior
written consent.
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com