1. Daily Technical Outlook
30th April 2012
Indices * Close Chg. Mirroring the positive global market cues, the domestic
BSE SENSEX 17187.34 0.31 % markets opened on a positive note. Steady buying support
S&P CNX NIFTY 5209.00 0.35 % was witnessed in this special 90 minute trading session. The
NIFTY May FUT. 5232.20 0.41 % markets held on to the gains and did not show any signs of
India VIX 17.61 -1.56 % weakness. The markets ended the day with modest gains to
Nifty May Fut 23.20 Premium close near the highs for the day. The top gainers for the day
were Axis Bank, Serlite, Ranbaxy, Jindal Steel, Sesa Goa,
S&P CNX NIFTY Technical Levels IDFC, JP Associates, ICICI Bank, Maruti and Hindalco.
Level 1 Level 2 Level 3
Support 5161 5037 4955 Technically, the market breadth remained positive amidst
Resistance 5400 5681 5728 lower volumes. The global market cues are largely
positive. The domestic markets are likely to witness a
Moving Averages S&P CNX NIFTY positive opening. The prevailing technical negatives
50 Day SMA 5311.22 continued to weigh on market sentiment. The KST,
100 Day SMA 5131.71 Stochastic and RSI are still placed below their respective
200 Day SMA 5125.13 ◄ Crucial averages. This would lead to selling pressure. However,
positive technical conditions still hold good and would
Volume (Lacs Shares) * help the markets take support at lower levels. The
28/04/12 27/04/12 % Chg. Stochastic has moved in the over sold zone. The MACD
BSE 398 1826 -78.20 remains placed above its average. The Nifty continues to
NSE 779 5703 -86.33 sustain above its long-term moving average the 200-day
Total 1177 7529 -84.36
SMA. Moreover, the Nifty’s 50-day SMA remains placed
above Nifty’s 100-day SMA and 200-day SMA, the later
Turnover ( ` Crores) * being called the “Golden Cross” breakout. Moreso, the
28/04/12 27/04/12 % Chg. Nifty’s 100-day SMA has crossed above the Nifty’s 200-
BSE 282.22 2021.54 -86.04
day SMA. These positive technical conditions would
prompt buying support at lower levels. However, The
NSE 908.73 9948.12 -90.87
ADX line, +DI line and –DI line continue to move
NSE F&O 7195.67 85215.03 -91.56
sideways, indicating that markets would continue to
Total 8386.62 97184.69 -91.37 remain range bound. The market sentiment remains
F&O Contracts Traded (NSE) * cautious. Now, it is important that the markets witness
buying support at lower levels for the Nifty to take
28/04/12 27/04/12 % Chg.
support. The 200-day SMA remains a crucial support
Index Fut. 32850 442887 -92.58
level for the markets. In the meanwhile the markets
Stock Fut. 46715 464543 -89.94 would take cues from the forthcoming Q4 results along
Index Opt. 184433 2233508 -91.74 with global markets and the crude prices. The support
Stock Opt. 13278 154841 -91.42 levels for Nifty are placed at 5161, 5037 and 4955. The Nifty
Total 277276 3295779 -66.47 faces resistance at the 5400, 5681, 5728 and 5885 levels.
Market Breadth (NSE) *
Advances 770
Declines 502
Same 66
Total 1338
A/D Ratio 1.53 : 1
NOTE - *- Source – BSE & NSE
Sanjay Bhatia (AVP – Technicals), Email Id sanjay@keynotecapitals.net Yahoo Chat 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. Short Term Trading Ideas Based On Technical Analysis (5 - 7 Days)
Stop
Initiation Stop Loss Target
Stock Close Action Price Loss * (%) Target (%) Remarks
Asian Paints 3550.00 Buy Above 3560 3497 1.77 3700 3.93
Divis Labs 836.15 Buy Above 840 813 3.21 900 7.14
Tata Chemicals 336.00 Buy Above 337 331 1.85 350 3.78
* 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 17187 17175 17225 17262 17348 17138 17089 17002
S&P CNX NIFTY 5209 5207 5218 5227 5247 5198 5187 5167
NIFTY MAY FUT. 5232 5229 5243 5254 5279 5218 5204 5179
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. Stocks to watch out today
Arvind, Central Bank of India, Mcleod Russel, NMDC, OBC, Petronet, PTC, Renuka Sugar, Syndicate Bank, Tata
Chemicals, TCS, Titan, Videocon
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