1. Daily Technical Outlook
24th December 2012
Indices * Close % Chg. Markets under pressure
BSE SENSEX 19242.00 -1.09
S&P CNX NIFTY 5847.70 -1.16
Mirroring the weak global market cues the domestic markets
witnessed a gap down opening. Sustained selling pressure
NIFTY DEC. FUT. 5853.40 -1.31
was witnessed as markets drifted lower and breached the
India VIX 14.63 2.16
5885 support level. The markets failed to show any resilience
S&P CNX NIFTY Technical Levels against selling pressure. Occasional bouts of short covering
Level 1 Level 2 Level 3 were witnessed but buying support remained elusive. The
Support 5816 5747 5665
markets ended the day with modest losses to close near the
lows for the day. The top losers for the day were JP
Resistance 5885 5945 6135
Associates, Jindal Steel, IDFC, Sesa Goa, Hindalco, DLF,
Simple Moving Averages S&P CNX NIFTY Ambuja Cement, Bharti Airtel, PNB and Lupin.
50 Day SMA 5741.25 ◄Positive
Technically, the market breadth remained negative
100 Day SMA 5585.86
amidst lower volumes. The markets continued to remain
200 Day SMA 5370.40 under pressure on back of the prevailing technical
Market Breadth * BSE NSE
negatives which would continue to weigh on the market
sentiment. The negative divergence pattern formed on
Advances 979 357
the Nifty still holds good. The Stochastic and KST have
Declines 1939 1167
again slipped below their respective averages. Moreover,
Same 101 74 the RSI and the MACD are already below their respective
Total 3019 1598 averages. These negative technical conditions would
A/D Ratio 0.51 : 1 0.31 : 1 lead to further selling pressure. However, the prevailing
technical positive conditions still hold good. The MACD
Volume (Lacs Shares) * and KST are also placed in the positive territory. The
21/12/12 20/12/12 % Chg. Nifty remains placed above its 50-day SMA, 100-day SMA
BSE 2477 2998 -17.38 and 200-day SMA. The Nifty’s 50-day SMA remains
NSE 7177 8164 -12.09 placed above Nifty’s 100-day SMA and 200-day SMA, the
Total 9654 11162 -13.51 later being called the ‘Golden Cross breakout’. These
positive conditions would lead to short covering at
Turnover ( ` Crores) * regular intervals. However, the market sentiment remains
21/12/12 20/12/12 % Chg. cautious as the Nifty index continues to trade below the
BSE 2226.13 2437.32 -8.66 5945 resistance level. Now, it is important that the Nifty
NSE 12063.17 11924.38 1.16 witnesses buying support for the Nifty to test the 5945
NSE F&O 183544.36 169685.14 8.17 level and move above it. It Nifty fails then further down
Total 197833.66 184046.84 7.49
slide is expected and Nifty could test the 5800-5750 level
in the near future. Pull back rallies should be used as an
F&O Contracts Traded (NSE) * opportunity to create short positions until the Nifty spot
21/12/12 20/12/12 % Chg. index closes above the 5950 level. In the meanwhile the
Index Fut. 495679 355440 39.46
markets would take cues from the global markets, Rupee
and the crude prices. The support levels for Nifty are placed
Stock Fut. 922096 813261 13.38
at 5816, 5747 and 5665. The Nifty faces resistance at 5885,
Index Opt. 4426502 4148979 6.69
5945, 6135 and 6313 levels.
Stock Opt. 336423 360853 -6.77
Total 6180700 5678533 4.46
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
Stock Close Action Price Loss * (%) Target Target (%) Remarks
ABB Fut 690.00 Sell Below 689.00 698.50 1.38 668.00 3.05
Apollo Tyre Fut 87.35 Sell Below 86.35 88.75 2.78 81.00 6.20
TGT of
335
Achieved
given Buy
@ 323 on
Bank of India 332.95 Buy Above 335.00 326.50 2.54 354.00 5.67 19/12/12
* 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 19242 19286 19351 19459 19633 19177 19112 18939
S&P CNX NIFTY 5848 5859 5877 5905 5952 5830 5813 5766
NIFTY DEC. FUT. 5853 5869 5890 5926 5984 5832 5811 5753
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

3. Stocks To Watch Out Today
Bank of India, Escorts, Havells, SREI Infra, Tata Steel, TCS, ZEEL
ABB, ACC, Adani Power, Ambuja Cement, Andhra Bank, Apollo Tyre, Bajaj Auto, BGR Energy, Bharat Forge, BPCL, Cairn,
Century Textiles, Coal India, Crompton Greaves, Delta, Dena Bank, Dish TV, Divis Labs, Dr. Reddys, Godrej Inds, HDFC,
HDFC Bank, Hexaware, ICICI Bank, IDBI, IDFC, IFCI, IGL, India Cement, India Infoline, Jet Airways, Jindal Saw, JP
Associiates , JP Power, Kotak Bank, KTK Bank, LIC Hsg; L&T, M&M, McLeod Russel, NHPC, NMDC, NTPC, ONGC,
OnMobile, OBC, PFC, Piramal Healthcare, Powergrid, PTC, Punj Lloyd, Ranbaxy, Raymond, RCOM; REC, Rel. Capital,
Reliance, Rel. Infra, RPower, Sintex, SIB, Sterlite, Sterlite Tech; Sun Pharma, Sun TV, Tata Chem; Tata Global, , Tata Motors,
Tata Power, Tech Mahindra, TTK Prestige, UCO Bank, Ultratech Cemco, Videocon, Vijaya Bank, Voltas, Yes Bank
NOTE:
TECHNICAL ANALYSIS ABBREVATIONS
SMA – Simple Moving Average
EMA – Exponential Moving Average
WMA – Weighted Moving Average
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