1. Daily Technical Outlook
3rd December 2012
Indices * Close % Chg. Momentum continues…
BSE SENSEX 19339.90 0.88
Mirroring the positive global market cues the domestic
S&P CNX NIFTY 5879.85 0.94
markets witnessed a firm opening helping the markets move
NIFTY DEC. FUT. 5909.05 0.68
higher. Though, nervousness prevailed ahead of the IIP
India VIX 15.15 -1.43 numbers and profit taking was witnessed, the markets
S&P CNX NIFTY Technical Levels managed to bounce back from lower levels on back of inline
IIP numbers. Follow up buying support and short covering
Level 1 Level 2 Level 3
was witnessed at higher levels, which helped the markets
Support 5816 5747 5665
capitalize on morning gains. The markets showed no signs of
Resistance 5885 5912 5945 weakness as Nifty moved closer to the 5885 resistance level
Simple Moving Averages S&P CNX NIFTY but failed to move above it. The markets ended the day with
50 Day SMA 5677.38 ◄Positive
modest gains to close near the highs for the day. The top
gainers for the day were Ultratech Cemco, Jindal Steel,
100 Day SMA 5483.71
BHEL, ONGC, IDFC, Bank of Baroda, Hindalco, BPCL, Kotak
200 Day SMA 5335.73
Bank and Tata Steel.
Market Breadth * BSE NSE
Advances 1687 736
Technically, the market breadth remained positive
amidst higher volumes, which augurs well for the
Declines 1286 419
markets. The prevailing positive technical conditions
Same 116 37
helped the markets move higher. These conditions still
Total 3089 1192 hold valid and would help the markets move further
A/D Ratio 1.31 : 1 1.76 : 1 higher. The MACD, KST, Stochastic and RSI all are
already placed above their respective averages.
Volume (Lacs Shares) *
Moreover, the MACD and KST have moved in the positive
30/11/12 29/11/12 % Chg.
territory. The Nifty remains placed above its 50-day SMA,
BSE 3373 3154 6.94 100-day SMA and 200-day SMA. More so the Nifty’s 50-
NSE 12648 11187 13.07 day SMA remains placed above Nifty’s 100-day SMA and
Total 16021 14341 11.72 200-day SMA, the later being called the ‘Golden Cross
breakout’. These positive conditions would lead to
Turnover ( ` Crores) * further buying support and regular bouts of short
30/11/12 29/11/12 % Chg. covering would be witnessed. However, the sole
BSE 2965.40 3341.97 -11.27 prevailing technical negative the Stochastic, which is
NSE 20385.99 19419.44 4.98 placed in the over bought zone, would lead to profit
NSE F&O 117333.79 303821.87 -61.38 taking at regular intervals. The ADX line and +DI line are
Total 140685.18 326583.28 -56.92
moving higher and +DI line is placed above the 37 level
indicating buyers are gaining strength. The market
F&O Contracts Traded (NSE) * sentiment remains upbeat as Nifty nears the 5885
30/11/12 29/11/12 % Chg. resistance level. Now, it is important that the Nifty
Index Fut. 334876 738304 -54.64 witnesses follow up buying support at higher levels for
Stock Fut. 681838 1624517 -58.03
the Nifty to test the 5912-5945 resistance levels. In the
meanwhile the markets would take cues from the on
Index Opt. 2678544 7612483 -64.81
going parliament session, global markets, Rupee and the
Stock Opt. 272941 473042 -42.30
crude prices. The support levels for Nifty are placed at
Total 3968199 10448346 -49.14 5816, 5747, 5665, 5554 and 5447. The Nifty faces resistance
NOTE - * - Source – BSE & NSE at 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
Allahabad Bank 143.65 Buy Above 144 141.30 2.11 150 3.91
Apollo Tyre 84.60 Buy Above 85 82.75 2.65 90 5.88
Aurobindo Pharma 188.00 Buy Above 189 184.50 2.12 199 5.57
Bank of Baroda 762.60 Buy Above 764 753.00 1.44 788 3.14
Godrej Inds 307.20 Buy Above 308 299.00 2.92 328 6.49
* 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 19340 19300 19413 19486 19672 19227 19113 18927
S&P CNX NIFTY 5880 5864 5901 5922 5979 5843 5807 5750
NIFTY DEC. FUT. 5909 5901 5934 5959 6017 5876 5843 5785
Stocks To Watch Out Today
Allahabad Bank, Apollo Tyre, Ashok Leyland, Aurobindo Pharma, Axis Bank, Bajaj Holdings, BoB, BoI, Bharat Forge, Bharti
Airtel, BHEL, Cummins, Dabur, DCB, Fortis, GAIl, Godrej Inds; Grasim, GSPL, HCL Tech; HDFC, HDFC Bank, Hindalco, IDBI,
IDFC, Indusind Bank, IFCI, IGL, ITC, Jindal Steel, Kotak Bank, KTK Bank, LIC Hsg; Lupin, M&M, MRF, NTPC, ONGC, Opto
Circuit, Oriental Bank, Pantaloon Retail, PFC, PTC, Punj Lloyd, RCom; REC, Rel. Capital, Rel. Infra, SBI, Sesa Goa, SIB;
Syndicate Bank, Tata Chem; Tata Power, Tata Steel, TCS, Titan, UCO Bank, Ultratech Cemco, Uniphos, Voltas, Wipro,
Idea, Jet Airways, Maruti, Oil India, United Spirits, 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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