1. Daily Technical Outlook
5th December 2012
Indices * Close % Chg. Markets extend gains
BSE SENSEX 19348.12 0.22
S&P CNX NIFTY 5889.25 0.31
Mirroring the inconclusive global market cues the domestic
NIFTY DEC. FUT. 5923.65 0.20
markets witnessed a flat opening. However, the markets
India VIX 15.91 1.85 managed to move higher and tested the 5885 resistance
S&P CNX NIFTY Technical Levels level but it failed to move above it and drifted lower profit
taking and selling pressure and touching a new intra-day low.
Level 1 Level 2 Level 3
However, it managed to bounce back from lower levels to
Support 5885 5816 5747
move higher. The markets ended the day with marginal gains
Resistance 5912 5945 6135 to close near the highs for the day. The top gainers for the
Simple Moving Averages S&P CNX NIFTY day were JP Associates, Tata Power, Reliance, Ranbaxy,
50 Day SMA 5688.38 ◄Positive
Rel. Infra, Bank of Baroda, IDFC, Bajaj Auto, Lupin and ICICI
Bank.
100 Day SMA 5495.39
200 Day SMA 5339.79
Technically, the market breadth remained positive
Market Breadth * BSE NSE amidst higher volumes, which augurs well for the
Advances 1607 635
markets. The markets continued to consolidate as the
parliament debated on retail FDI. However, the prevailing
Declines 1327 529
technical negative conditions continue to hold good. The
Same 127 45
Stochastic is still placed below its average. Moreover,
Total 3061 1209 the RSI and the Stochastic are placed in the over bought
A/D Ratio 1.21 : 1 1.20 : 1 zone. These negative technical conditions would lead to
intermediate bouts of profit taking and selling pressure.
Volume (Lacs Shares) *
However, the prevailing positive technical conditions
04/12/12 03/12/12 % Chg.
also hold valid and would support the markets at regular
BSE 3029 2904 4.30 intervals. The MACD, KST and RSI all are placed above
NSE 8503 8393 1.32 their respective averages. Moreover, the MACD and KST
Total 11532 11297 2.09 are placed in the positive territory. The Nifty remains
placed above its 50-day SMA, 100-day SMA and 200-day
Turnover ( ` Crores) * SMA. More so the Nifty’s 50-day SMA remains placed
04/12/12 03/12/12 % Chg. above Nifty’s 100-day SMA and 200-day SMA, the later
BSE 2940.27 2471.02 18.99 being called the ‘Golden Cross breakout’. These positive
NSE 12569.40 12009.60 4.66 conditions would lead to further buying support. Though,
NSE F&O 86214.52 86999.53 -0.90 the +DI line is placed above the 35 level, it has come off
Total 101724.19 101480.15 0.24
its recent highs and is moving lower, indicating buyers
are booking profits regularly. The market sentiment
F&O Contracts Traded (NSE) * remains upbeat as Nifty nears has closed above the 5885
04/12/12 03/12/12 % Chg. resistance level. Now, it is important that the Nifty
Index Fut. 206571 208254 -0.81 witnesses follow up buying support at higher levels for
Stock Fut. 523214 488124 7.19
the Nifty to test the 5912-5945 resistance levels. In the
meanwhile the markets would take cues from the on
Index Opt. 1918148 2019926 -5.04
going parliament session, global markets, Rupee and the
Stock Opt. 245698 214215 14.70
crude prices. The support levels for Nifty are placed at
Total 2893631 2930519 -2.40 5885, 5816, 5747 and 5665. The Nifty faces resistance at
NOTE - * - Source – BSE & NSE 5910, 5945 and 6135 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 199
Achieved given
Buy @ 188.50
Aurobindo Pharma 197.60 Buy Above 199.00 100.00 205 3.02 on 03/12/12
Canara Bank 472.90 Buy Above 474.00 100.00 490 3.38
Godrej Inds 314.95 Buy Above 316.00 100.00 328 3.80
* 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 19348 19329 19393 19439 19549 19283 19218 19108
S&P CNX NIFTY 5889 5881 5903 5917 5953 5867 5845 5809
NIFTY DEC. FUT. 5924 5915 5937 5951 5987 5901 5879 5843
Stocks To Watch Out Today
AB Nuvo, Adani Ports, Adani Power, Allahabad Bank, Aurobindo Pharma, Canara Bank, Godrej Inds, Havells, HDIL, ICICI
Bank, IDBI, IDEA, IFCI, Indian Overseas Bank, IVRCL, JP Associates, JP Power, JSW Steel, LIC Hsg; MRF, Powergrid,
Ranbaxy, Reliance, Rel. Infra, SBI, SCI, Siemens, SIB; Sun TV, Tata Chem; Tata Power, UCO Bank, Unitech, Voltas, Yes
Bank, ZEEL
Karnataka Bank, L&T, NTpC, Syndicate Bank, Wipro
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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