1. Daily Technical Outlook
29th August 2012
Indices * Close % Chg. Markets turn volatile ahead of expiry
BSE SENSEX 17631.71 -0.27
S&P CNX NIFTY 5334.60 -0.29 Mirroring the negative Asian market cues, the domestic
NIFTY AUG. FUT. 5346.05 -0.30 markets witnessed a subdue opening. Sustained selling
India VIX 16.35 -0.72 pressure continued on the bourses as Nifty tested and even
breached its support level placed at 5333. However, the
S&P CNX NIFTY Technical Levels markets managed to come off the lows for the day in the
Level 1 Level 2 Level 3 afternoon trade on back of short covering and buying support
Support 5333 5250 5116 in index heavyweight stocks. The markets ended the day flat
Resistance 5386 5464 5500 to close near the highs for the day. The top losers for the day
were Sterlite, Jindal Steel, JP Associates, Hindalco, Sesa
Simple Moving Averages S&P CNX NIFTY Goa, L&T, ONGC, Axis Bank, Tata Steel and Tata Motors.
50 Day SMA 5247.04
100 Day SMA 5158.59 Technically, the market breadth remained negative
200 Day SMA 5117.34 ◄Critical amidst higher volumes, which would lead to buying
support. The global market cues are divergent. The
Market Breadth * BSE NSE domestic markets are likely to witness a flat opening. The
Advances 929 352 prevailing technical negatives continued to weigh on the
Declines 1889 1121 market sentiment leading to selling pressure. The RSI,
Same 117 78 KST and Stochastic remain placed below their respective
Total 2935 1551 averages, which would lead to further selling pressure.
A/D Ratio 0.49 : 1 0.31 : 1
However, a few prevailing technical positives still hold
good, which would lead to buying support at lower
Volume (Lacs Shares) * levels. The MACD remains placed above its average.
28/08/12 27/08/12 % Chg. Moreover, the MACD and KST are still placed in the
BSE 2170 2126 2.07
positive territory, which augurs well for the markets. The
Nifty remains placed above its 50-day SMA, 100-day SMA
NSE 6510 5052 28.87
and 200-day SMA. More so the Nifty’s 50-day SMA
Total 8680 7178 20.93
remains placed above Nifty’s 100-day SMA and 200-day
Turnover ( ` Crores) * SMA, the later being called the ‘Golden Cross breakout’.
28/08/12 27/08/12 % Chg.
These positive conditions would lead to buying support
at lower levels. The ADX line, +DI line and –DI line are
BSE 2335.85 1747.67 33.66
moving sideways indicating a range bound trend. The
NSE 9500.81 7578.96 25.36
market sentiment remains cautious ahead of derivative
NSE F&O 173663.23 119380.68 45.47 segment expiry. Buying support remains absent. Now, it
Total 185499.89 128707.31 44.13 is important that markets witness buying support at
lower levels for the Nifty to move and sustain above the
F&O Contracts Traded (NSE) *
psychologically important 5400 level. The markets are
28/08/12 27/08/12 % Chg.
likely to witness intermediate bouts of volatility and
Index Fut. 564218 378284 49.15 choppiness due to impending derivative segment expiry.
Stock Fut. 1008221 717044 40.61 In the meanwhile the markets would take cues from the
Index Opt. 4686532 3145007 49.01 Rupee, global market cues and the crude prices. The
Stock Opt. 267503 229287 16.67 support levels for Nifty are placed at 5333, 5250, 5116 and
Total 6526474 4469622 35.34 5047. The Nifty 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.
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 730
Achieved
given Sell @
748 on
ABB Fut 735.20 Sell Below 729.00 740.00 1.51 705 3.29 27/08/12
TGT of 62
Achieved
given Sell @
65.50 on
Arvind Fut 62.85 Sell Below 61.00 64.60 5.90 53 13.11 28/08/12
Hindalco Fut 106.60 Sell Below 105.00 107.70 2.57 99 5.71
* 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 17632 17638 17706 17780 17922 17564 17497 17355
S&P CNX NIFTY 5335 5335 5358 5382 5429 5312 5289 5242
NIFTY AUG. FUT. 5346 5344 5367 5389 5433 5323 5300 5255
Stocks To Watch Out Today
Asian Paints, HUL, ITC, NMDC, NTPC, Petronet, Powergrid, Sun Pharma, TCS
ABB, Adani Enter; Allahabd Bk; Andhra Bk; Arvind, Ashok Leyland, Axis Bk; Bajaj Auto, Bajaj Hind; Balrampur Chini, Bata,
BF utilities, BHEL, Bombay Dying, Crompton Greaves, DCB, Delta Corp; Divis Labs, Educomp, Federal Bk; GVK, Havells,
Hindalco, HOECL, ICICI Bank, Indian Hotels, Indusind Bk; Jindal Steel, Jain Irrigation, JP Assoc; L&T, NHPC, OnMobile,
OBC, Pantaloon Retail, Patel Engg; PFC, PunjLloyd, Raymond, RCOM, REC, Rel. Cap; RPower, Sesa Goa, SIntex, Sterlite,
Syndicate Bk, Tata Global, Tata Motors, Tata Steel, Vijaya Bk; Welcorp, Yes Bk, ZEEL
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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