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Daily Technical Outlook                                                                                                   ...
Jaldi 5 (Short Term Technical Ideas for 5 Trading Days)                                                                   ...
NOTE:TECHNICAL ANALYSIS ABBREVATIONSSMA – Simple Moving AverageEMA – Exponential Moving AverageWMA – Weighted Moving Avera...
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Keynote technicals daily report for 280313


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Keynote technicals daily report for 280313

  1. 1. Daily Technical Outlook 28th March 2013 Indices * Close % Chg. Nifty respects 200-day SMA BSE SENSEX 18704.53 0.12 S&P CNX NIFTY 5641.60 0.14 Mirroring the weak global market cues the domestic markets witnessed a lower opening. At a given point the Nifty NIFTY MAR 13 FUT. 5640.35 -0.08 breached its 200-day SMA but markets managed to bounce India VIX 15.80 -3.42 back to trade above it. The over all trend remained range S&P CNX NIFTY Technical Levels bound struggling to find a secular direction. The markets Level 1 Level 2 Level 3 ended the day on a flat note to close near the highs for theSupport 5624 5571 5447 day. The top gainers for the day were Bharti Airtel, HUL, Ranbaxy, Coal India, Tata Motors, Bank of Baroda, HDFC,Resistance 5747 5816 5885 ITC, Kotak Bank and Powergrid. Simple Moving Averages S&P CNX NIFTY Technically, the market breadth remained weak amidst50 Day SMA 5893.04 ◄Negative lower volumes. The prevailing positive technical100 Day SMA 5863.50 ◄Negative conditions helped the markets take support at the Nifty’s200 Day SMA 5624.30 200-day SMA. These conditions still hold good. The Market Breadth * BSE NSE Stochastic has moved above its average and is also placed in the over sold zone The Nifty remains placedAdvances 1290 434 above its 200-day SMA. The Nifty’s 50-day SMA remainsDeclines 1459 604 placed above Nifty’s 100-day SMA and 200-day SMA, theSame 136 44 later being called the ‘Golden Cross breakout’. TheseTotal 2885 1082 positive conditions would lead to buying support andA/D Ratio 0.88 : 1 0.72 : 1 short covering at regular intervals. However, the prevailing negative technical conditions still hold good Volume (Lacs Shares) * and would weigh on the market sentiment at higher 26/03/13 25/03/13 % Chg. levels. These conditions continue to hold good. TheBSE 2138 3249 -34.20 MACD, RSI and KST all are placed below their respectiveNSE 5616 6911 -18.74 averages. The Nifty is still placed below its 50-day SMATotal 7754 10160 -23.68 and 100-day SMA. The KST and MACD are still placed in the negative territory, which warns of impending selling Turnover ( ` Crores) * pressure. These negative technical conditions would 26/03/13 25/03/13 % Chg. lead to further bouts of selling pressure. Though the -DIBSE 1661.57 2144.58 -22.52 line is placed above the +DI line and is also placed aboveNSE 8747.76 10105.91 -13.44 the 32 level, indicating sellers are gaining strength but itNSE F&O 195003.82 183754.8 6.12 has also come off its recent highs indicating sellers areTotal 205413.15 196005.29 4.80 also covering their shorts regularly. The market sentiment remains negative. Now, it is important that F&O Contracts Traded (NSE) * markets witness buying support above its 200-day SMA, 26/03/13 25/03/13 % Chg. otherwise Nifty is likely to breach its 200-day SMA, whichIndex Fut. 448903 460440 -2.51 is placed around the 5624 level. Incase, this happens then fresh round of selling pressure is likely to beStock Fut. 951642 895521 6.27 witnessed. The markets would continue to take cuesIndex Opt. 5154878 4751572 8.49 from the global markets, Rupee and the crude prices.Stock Opt. 316164 315376 0.25 The support levels for Nifty are placed at 5624, 5571 andTotal 6871587 6422909 6.29 5447. The Nifty faces resistance at 5747, 5816, 5885, 5966NOTE - * - Source – BSE & NSE and 6158 levels.Sanjay Bhatia (AVP – Technical Research), Email Yahoo Id: Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
  2. 2. Jaldi 5 (Short Term Technical Ideas for 5 Trading Days) Stop Initiation Stop Loss Stock Close Action Price Loss * (%) Target Target (%) RemarksAmbuja Cements Fut 168.75 Sell Below 168.00 170.75 1.64 162 3.57GAIL Fut 305.10 Sell Below 304.00 308.50 1.48 294 3.29IFCI Fut 25.15 Sell Below 24.90 26.25 5.42 22 11.65Adani Ports 131.40 Buy Above 132.00 129.75 1.70 137.00 3.79* 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 S3BSE SENSEX 18705 18692 18771 18838 18985 18625 18545 18399S&P CNX NIFTY 5642 5636 5661 5680 5723 5617 5593 5550NIFTY MAR 13 FUT. 5640 5626 5633 5626 5626 5633 5626 5626 Stocks To Watch Out TodayAdani Enterprises, Ambuja Cements, Arvind, Aurobindo Pharma, Bata, Bharat Forge, Bharti Airtel, BHEL, Canara Bank, CBI,Colgate, Escorts, GAIL, GMDC, Hero Motocorp, HPCL, IDBI, IFCI , IOB, IOC, IVRCL, Jet Airways, Jindal Saw, JSW Steel,Karnataka Bank, L&T, Lupin, Pantaloon, Petronet, PNB, Rel. Comm; Rel.Power, Rel. Capital, Reliance, Rel. Infra, Renuka,Rel. Power, SAIL, Siemens, Sobha, Sun TV, Syndicate Bank, Tata Coffee, Tata Power, Tata Steel, Tech Mahindra, UnionBank of India, Unitech, Yes BankAdani Ports, Glaxo, Godrej Inds; GSPL, HDFC, HDFC Bank, HUL, Hind Zinc, Idea, ITC, Jubilant Food, Mphasis, NTPC, PFC,Powergrid, PTC, Ranbaxy, Tata Motors, Titan Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
  3. 3. NOTE:TECHNICAL ANALYSIS ABBREVATIONSSMA – Simple Moving AverageEMA – Exponential Moving AverageWMA – 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