1. Daily Technical Outlook
28th August 2012
Indices * Close % Chg. Sentiment turns weak as Nifty breaches 5400
BSE SENSEX 17678.81 -0.59
S&P CNX NIFTY 5350.25 -0.68 Mirroring the inconclusive global market cues, the domestic
NIFTY AUG. FUT. 5362.40 -0.75 markets witnessed a flat opening. However, sustained selling
India VIX 16.47 1.91 pressure was witnessed amidst low volumes as markets
traded below the 5400 level. The markets failed to show any
S&P CNX NIFTY Technical Levels signs of resilience and moved lower. Buying support
Level 1 Level 2 Level 3 remained elusive ahead of the derivative segment expiry on
Support 5333 5250 5116 Thursday. The markets ended the day with modest losses to
Resistance 5386 5464 5500 close near the lows for the day. The top losers for the day
were Jindal Steel, PNB, Axis bank, IDFC, Rel. Infra, DLF,
Simple Moving Averages S&P CNX NIFTY Bank of Baroda, SBI, JP Associates and Sesa Goa.
50 Day SMA 5243.13
100 Day SMA 5158.47 Technically, the market breadth remained negative
200 Day SMA 5116.41 ◄Critical amidst lower volumes. The global market cues are
divergent. The domestic markets are likely to witness a
Market Breadth * BSE NSE flat opening. The prevailing technical negatives
Advances 1022 444 continued to weigh on the market sentiment. Selling
Declines 1784 1037 pressure and profit taking as witnessed as markets were
Same 130 76 placed in the over bought zone. The current fall has
Total 2936 1557 resulted in the oscillators RSI, KST and Stochastic
A/D Ratio 0.57 : 1 0.43 : 1
breaching their respective averages. These would lead to
further selling pressure. However, the other prevailing
Volume (Lacs Shares) * technical positives still hold good, which would lead to
27/08/12 24/08/12 % Chg. buying support at lower levels. The MACD remains
BSE 2126 2154 -1.30
placed above its average. Moreover, the MACD and KST
are still placed in the positive territory, which augurs well
NSE 5052 5943 -14.99
for the markets. The Nifty remains placed above its 50-
Total 7178 8097 -11.35
day SMA, 100-day SMA and 200-day SMA. More so the
Turnover ( ` Crores) * Nifty’s 50-day SMA remains placed above Nifty’s 100-day
27/08/12 24/08/12 % Chg.
SMA and 200-day SMA, the later being called the ‘Golden
Cross breakout’. These positive conditions would lead to
BSE 1747.67 1940.33 -9.93
buying support at lower levels. The ADX line, +DI line and
NSE 7578.96 8881.37 -14.66
–DI line are moving sideways indicating a range bound
NSE F&O 119380.68 128515.77 -7.11 trend. The market sentiment remains cautious ahead of
Total 128707.31 139337.47 -7.63 derivative segment expiry. Follow up buying continues to
remain dismal along with lackluster volumes. Now, it is
F&O Contracts Traded (NSE) *
important that markets witness buying support at lower
27/08/12 24/08/12 % Chg.
levels for the Nifty to move and sustain above the
Index Fut. 378284 339303 11.49 psychologically important 5400 level. In the meanwhile
Stock Fut. 717044 553945 29.44 the markets would take cues from the Rupee, global
Index Opt. 3145007 3641091 -13.62 market cues and the crude prices. The support levels for
Stock Opt. 229287 241729 -5.15 Nifty are placed at 5333, 5250, 5116 and 5047. The Nifty
Total 4469622 4776068 -10.65 faces resistance at the 5386, 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
Arvind Fut 65.80 Sell Below 65.50 67.00 2.29 62 5.34
BHEL Fut 224.55 Sell Below 224.00 230.50 2.90 210 6.25
Apollo Tyre 95.20 Buy Above 97.00 94.75 2.32 102 5.15
* 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 17679 17720 17779 17878 18036 17621 17563 17405
S&P CNX NIFTY 5350 5365 5384 5418 5470 5332 5313 5260
NIFTY AUG. FUT. 5362 5376 5393 5424 5472 5345 5327 5279
Stocks To Watch Out Today
Apollo Tyre, Bhushan Steel, Cipla, Dabur, HUL, MRPL, Ranbaxy, Ultratech, Uniphos
Aban, ABB, ABG Shipyard, Adani Enter; Arvind, Axis Bank, Bajaj Hind, BoB, BoI, BHEL, Bombay Dying, Crompton Greaves,
Cummins, Delta Corp; Dena Bank, Dish TV, DLF, Essar Oil, Federal Bank, GMR Infra, Godrej Inds; GVK, HCC, HDIL,
Hexaware, HOECL, ICICI Bank, IFCI, IVRCL, Jindal Steel, JP Ass; JSW Steel, Kotak Bk; KTK Bk; L&T, NALCO, Pantaloon
Retail, Patel Engg; PFC, Piramal Health; Polaris, Punj Lloyd, RCOM, REC, Rel. Cap; Rel. Infra, Renuka Sugar, ROlta, SBI,
Syndicate Bk; UCO Bk; Union Bk, Yes Bank
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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