1. Daily Technical Outlook
29th November 2012
Indices * Close % Chg. Markets turning positive…
BSE SENSEX 18842.08 1.65
S&P CNX NIFTY 5727.45 1.62 Mirroring the positive global market cues the domestic
NIFTY NOV. FUT. 5732.05 1.58 markets witnessed a gap up opening, which also led to short
India VIX 13.96 -4.83 covering helping the markets move higher. Follow up buying
support was witnessed at higher levels, which helped the
S&P CNX NIFTY Technical Levels markets to capitalize on morning gains. The markets
Level 1 Level 2 Level 3 managed to hold on to the gains and did not show any signs
Support 5665 5554 5447 of weakness. The markets ended the day with moderate
Resistance 5747 5816 5885 gains to close near the highs for the day. The top gainers for
the day were Bharti Airtel, JP Associates, BPCL, HDFC, Rel.
Simple Moving Averages S&P CNX NIFTY Infra, HDFC Bank, Sesa Goa, ITC, Ambuja Cements and
50 Day SMA 5663.54 ◄Positive Cipla.
100 Day SMA 5472.96
200 Day SMA 5331.06 Technically, the market breadth remained robust amidst
higher volumes, which augurs well for the markets. The
Market Breadth * BSE NSE prevailing technical positives continue to hold good and
Advances 1745 784 would help the markets move further higher. The KST,
Declines 1146 358 Stochastic and RSI all are placed above their respective
Same 126 38 averages. The Nifty remains placed above its 100-day
Total 3017 1180 SMA and 200-day SMA. More so the Nifty’s 50-day SMA
A/D Ratio 1.52 : 1 2.19 : 1
remains placed above Nifty’s 100-day SMA and 200-day
SMA, the later being called the ‘Golden Cross breakout’.
Volume (Lacs Shares) * These positive conditions would lead to regular bouts of
27/11/12 26/11/12 % Chg. short covering and buying support. However, the
BSE 3129 2733 14.49
prevailing technical negative conditions still hold good
and would lead to profit taking at higher levels. The
NSE 8710 6196 40.56
Stochastic is placed in the over bought zone, which
Total 11839 8929 32.58
would lead to profit taking. Moreover, the MACD is
Turnover ( ` Crores) * placed below its average. More so the MACD and KST
27/11/12 26/11/12 % Chg.
are still placed in the negative territory, which warns of
impending selling pressure. The Nifty remains placed
BSE 3257.13 2401.96 35.60
below its 50-day SMA, which is a short-term negative.
NSE 13502.37 9476.66 42.48
These negative conditions would lead to further selling
NSE F&O 205911.40 130858.19 57.35 pressure. Though the +DI line has moved above the ADX
Total 222670.90 142736.81 56.00 line and –DI line it is still placed below the 30 level. The
market sentiment remains cautious as Nifty has closed
F&O Contracts Traded (NSE) *
above its 50-day SMA. Now, it is important that the Nifty
27/11/12 26/11/12 % Chg.
witnesses follow up buying support at higher levels for
Index Fut. 563008 268090 110.01 the Nifty to move higher and for buying support to
Stock Fut. 1285683 1029272 24.91 emerge. In the meanwhile the markets would take cues
Index Opt. 4939459 3039326 62.52 from the on going parliament session, where log-jam
Stock Opt. 385507 293008 31.57 continues to prevail, global markets, Rupee and the
Total 7173657 4629696 43.04 crude prices. The support levels for Nifty are placed at
5665, 5554, 5447 and 5421. The Nifty faces resistance at
NOTE - * - Source – BSE & NSE
5747, 5816, 5885, 5910 and 5945 levels.
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 1060
Achieved given
Buy @ 1030 on
AB Nuvo 1052.10 Buy Above 1055 1035.00 1.90 1100 4.27 28/11/12
Ambuja Cements 205.60 Buy Above 206 202.40 1.75 214 3.88
Bata 936.80 Buy Above 938 918.00 2.13 983 4.80
Century Textiles 399.50 Buy Above 401 394.50 1.62 415 3.49
* 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 18842 18774 18931 19020 19266 18685 18528 18281
S&P CNX NIFTY 5727 5706 5754 5781 5857 5679 5631 5556
NIFTY NOV. FUT. 5732 5709 5761 5790 5872 5680 5627 5546
Stocks To Watch Out Today
AB Nuvo, Ambuja Cements, Arvind, Ashok Leyland, Asian Paints, Axis Bank, Bajaj Auto, Bata, Bharti Airtel, Bombay Dying,
Century Textiles, CESC, Cipla, Coal India, Colgate, Dr. Reddys, Exide, FT, Godrej Inds;; HDFC< HDFC bank, HOECL, HUL,
Idea, IDFC, India Infoline, Indusind Bank, Infosys Tech; ITC, JSW Steel, Karnataka Bank, Kotak Bank, McLeod Russel,
Orchid Chem, Pantaloon Retail, Petronet, PNB, Polaris, Raymond, RCOM; Rel. Capital, Rel. Infra, Rel. Power, Sesa Goa,
Siemens, Sintex, Sterlite, Sun TV, Tata Comm; Tata Motors, Tata Steel, Titan, United Spirits, Videocon, Voltas, Wipro
Bhushan Steel, MRPL, NMDC, NTPC, Oil India, ONGC, Opto Circuit, Powergrid
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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