1. Daily Technical Outlook
21st September 2012
Indices * Close % Chg. Political uncertainty triggers correction
BSE SENSEX 18349.25 -0.79
S&P CNX NIFTY 5554.25 -0.82 The domestic markets witnessed a negative opening on back
NIFTY SEPT. FUT. 5571.00 -0.73 of political turmoil at the Centre. Sustained selling pressure
India VIX 18.62 4.43 and profit taking was witnessed as markets traded with
losses. However, buying support and short covering as
S&P CNX NIFTY Technical Levels witnessed at lower levels helping markets come off the lows
Level 1 Level 2 Level 3 for the day. However, lack of follow up buying support at
Support 5526 5448 5386 higher levels saw the markets come off the highs for the day.
Resistance 5607 5630 5703 The markets ended the day with moderate losses to close
near the lows for the day. The top losers for the day were
Simple Moving Averages S&P CNX NIFTY BHEL, GAIL. Rel. Infra, Coal India, Sesa Goa, Tata Steel,
50 Day SMA 5306.58 Axis Bank, Sterlite, Cairn and SAIL.
100 Day SMA 5182.84
200 Day SMA 5158.80 ◄Critical
Technically, the market breadth remained negative,
amidst lower volumes. The global market cues are
Market Breadth * BSE NSE divergent. The domestic markets are likely to witness a
Advances 1204 515 flat to positive opening. The markets being placed in the
Declines 1591 966 over bought zone has triggered the much anticipated
Same 114 85
correction. The prevailing technical negatives continue
to hold good and would continue to weigh on market
Total 2909 1566
sentiment. The Stochastic is placed below its average.
A/D Ratio 0.75 : 1 0.53 : 1
Moreover, the RSI and Stochastic are still placed around
Volume (Lacs Shares) * the over bought zone. These negative technical
20/09/12 18/09/12 % Chg.
conditions would lead to selling pressure and profit
taking at higher levels. However a few positive technical
BSE 2116 2624 -19.36
conditions still hold good and would trigger support the
NSE 7681 9181 -16.34
markets at lower levels. The MACD, RSI and KST all are
Total 9797 11805 -17.01 still placed above their respective averages. More so the
Turnover ( ` Crores) * KST and MACD are placed in the positive territory. The
Nifty remains placed above its 50-day SMA, 100-day SMA
20/09/12 18/09/12 % Chg.
and 200-day SMA. More so the Nifty’s 50-day SMA
BSE 2048.27 2582.28 -20.68
remains placed above Nifty’s 100-day SMA and 200-day
NSE 12406.70 13880.08 -10.62 SMA, the later being called the ‘Golden Cross breakout’.
NSE F&O 126259.52 116280.11 8.58 These positive conditions would lead to buying support
Total 140714.49 132742.47 6.01 at lower levels. However, a Though the ADX line is
moving higher the +DI line is moving lower indicating
F&O Contracts Traded (NSE) * buyers are booking profits regularly. The market
20/09/12 18/09/12 % Chg. sentiment has turned cautious due to uncertain political
Index Fut. 333553 287510 16.01 situation at the Centre. Now, it is important that markets
Stock Fut. 634414 648273 -2.14 witness buying support at lower levels. In the meanwhile
Index Opt. 3221395 2810785 14.61 the markets would take cues from global markets, Rupee
Stock Opt. 337004 405567 -16.91
and the crude prices. The support levels for Nifty are placed
at 5526, 5448, 5386, 5333 and 5250. The Nifty faces
Total 4526366 4152135 8.24
resistance at 5607, 5630, 5703 and 5740 levels.
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 111
Achieved
given Buy @
106 on
Andhra Bank 108.90 Buy Above 109 106.25 2.52 115 5.50 20/09/12
Bajaj Auto 1790.55 Buy Above 1795 1770.00 1.39 1850 3.06
TGT of 759
Achieved
given Buy @
730 on
Bank of Baroda 747.55 Buy Above 750 731.00 2.53 792 5.60 18/09/12
* 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 18349 18362 18431 18514 18666 18279 18210 18058
S&P CNX NIFTY 5554 5557 5579 5603 5650 5532 5510 5464
NIFTY SEPT. FUT. 5571 5572 5593 5616 5659 5550 5529 5486
Stocks To Watch Out Today
Alstom, Allahabad Bk; Andhra Bk; Bajaj Auto, Bajaj Hind; BoB; Bharti Airtel, Canara Bk; CBI; Delta Corp, Dena Bk; Educomp,
Exide, GSPL, Idea Cellular, Indian Bk; Infosys Tech; IOB, JP Assoc; Karnataka Bk; ONGC, Onmobile, OBC, PTC, RCom;
SBI, Syndicate Bk; TVS Motor, UCO Bk; Ultratech Cemco; Union Bk; Vijaya Bk, ZEEL
Cairn; Century Textiles, Coal India, Colgat, Divis Labs; D. Reddys, Glaxo, Hind. Zinc, Jet Airways, NMDC, NTPC, RIL; Rel.
Infra, Sterlite, Tata Global, Tata Steel
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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