1. Daily Technical Outlook
27th August 2012
Indices * Close % Chg. Markets range bound
BSE SENSEX 17783.21 -0.38
S&P CNX NIFTY 5386.70 -0.53 Mirroring the negative global market cues, the domestic
NIFTY AUG. FUT. 5402.70 0.40 markets witnessed a subdue opening. Sustained selling
India VIX 16.16 0.24 pressure was witnessed as markets slipped below the 5400
level. However, steady buying support and short covering
S&P CNX NIFTY Technical Levels was witnessed at lower levels, which helped the markets to
Level 1 Level 2 Level 3 come off the lows for the day. The markets once again ended
Support 5386 5333 5250 the day on a flat note to close around the 5400 levels. The
Resistance 5464 5500 5565 top losers for the day were BHEL, TCS, ACC, Jindal Steel,
HUL, ITC, NTPC, Powergrid, Sun Pharma and Hero
Simple Moving Averages S&P CNX NIFTY Motorcorp.
50 Day SMA 5237.22
100 Day SMA 5158.55 Technically, the market breadth remained negative
200 Day SMA 5115.50 ◄Critical amidst higher volumes, which is a negative sign for the
markets. The global market cues are inconclusive. The
Market Breadth * BSE NSE domestic are markets are likely to witness a flat opening.
Advances 1185 491 The markets continued to struggle at higher levels on
Declines 1634 972 back of the markets being placed in the over bought
Same 147 101 zone. The Stochastic, KST and RSI have slipped below
Total 2966 1564 their respective averages, which would lead to selling
A/D Ratio 0.72 : 1 0.51 : 1
pressure. However, the other prevailing technical
positives still hold good, which would lead to buying
Volume (Lacs Shares) * support at lower levels. The MACD remains placed above
24/08/12 23/08/12 % Chg. its average. Moreover, the MACD and KST are still placed
BSE 2154 2009 7.22
in the positive territory, which augurs well for the
markets. The Nifty remains placed above its 50-day SMA,
NSE 5943 5918 0.42
100-day SMA and 200-day SMA. More so the Nifty’s 50-
Total 8097 7927 2.14
day SMA remains placed above Nifty’s 100-day SMA and
Turnover ( ` Crores) * 200-day SMA, the later being called the ‘Golden Cross
24/08/12 23/08/12 % Chg.
breakout’. These positive conditions would lead to
buying support at lower levels. The ADX line is moving
BSE 1940.33 1950.72 -0.53
higher, while the +DI line continues to move lower
NSE 8881.37 10109.71 -12.15
indicating buyers are booking profits regularly. The
NSE F&O 128515.77 129810.20 -1.00 market sentiment remains cautious as Nifty struggles
Total 139337.47 141870.63 -1.79 around the 5400 level. Follow up buying continues to
remain dismal along with the volumes. Now, it is
F&O Contracts Traded (NSE) *
important that markets witness buying support at regular
24/08/12 23/08/12 % Chg.
intervals for the Nifty to move and sustain above the
Index Fut. 339303 355689 -4.61 psychologically important 5400 level. In the meanwhile
Stock Fut. 553945 618330 -10.41 the markets would take cues from the Rupee, global
Index Opt. 3641091 3591354 1.38 market cues and the crude prices. The support levels for
Stock Opt. 241729 240190 0.64 Nifty are placed at 5386, 5333, 5250, 5114 and 5047. The
Total 4776068 4805563 1.07 Nifty faces resistance at the 5464, 5500, 5565 and 5607
levels.
NOTE - * - Source – BSE & NSE
Sanjay Bhatia (AVP – Technical Research), Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in
Keynote Capitals Ltd.
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The Ruby, 9 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
ABB Fut 748.80 Sell Below 748 756 1.07 730 2.41
BPCL 354.55 Buy Above 358 350 2.23 375 4.75
Cipla 366.65 Buy Above 368 362 1.63 381 3.53
* 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 17850 17872 17951 18052 18231 17771 17692 17513
S&P CNX NIFTY 5387 5386 5401 5414 5443 5372 5357 5328
NIFTY AUG. FUT. 5403 5399 5417 5432 5465 5385 5366 5333
Stocks To Watch Out Today
Aban, ABB, ABG Shipyard, Adani Power, Allahabad Bank, Arvind, Axis Bank, BGR Energy, Bharat Forge, Bombay Dying,
Canara Bank, CBI, Delta Corp, Dish TV, DLF, Fortis, HDIL, ICICI Bank, IFCI, IOC, IVRCL, Jindal Steel, JP Associates, Kotak
Bank, Karnataka Bank, L&T, M&M, NTPC, OnMobile, PFC, REC, Rel. Capital, Reliance, Rel. Infra, Sintex, Tata Global, Tata
Steel, Union Bank, Vijaya Bank, VIP, Voltas, Yes Bank
Areva, Biocon, BPCL, Cipla, Coal India, Dabur, GSPL, HOECL, ITC, Jindal Saw, JSW Steel, Lupin, MTNL, ONGC, Orchid
Chem, Ranbaxy, Rel. Power, Siemens, Tata Chem; TCS, Uniphos, Wipro
Keynote Capitals Ltd.
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The Ruby, 9 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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