The daily technical outlook report provides an analysis of the previous day's market performance and a technical outlook. It summarizes that the domestic markets opened higher but failed to sustain gains due to lack of buying support and saw increased selling pressure. The Nifty closed slightly lower and slipped below its 50-day simple moving average, which is a negative technical sign. The report provides technical analysis indicators showing negative divergences that warn of further downside potential, and identifies support and resistance levels for the Nifty.

1. Daily Technical Outlook
8th February 2013
Indices * Close % Chg. Nifty slips below 50-day SMA
BSE SENSEX 19580.32 -0.30
S&P CNX NIFTY 5938.80 -0.34
Mirroring the positive global market cues the domestic
markets witnessed a higher opening. The markets moved
NIFTY FEB 13 FUT. 5961.10 -0.20
higher in the morning trade. However, once again the
India VIX 14.89 4.41
markets failed to sustain higher due to lack of follow up
S&P CNX NIFTY Technical Levels buying support and sustained selling pressure. Selling
Level 1 Level 2 Level 3 pressure increased in the afternoon trade as markets showed
Support 5885 5816 5747
no signs of resilience against selling pressure. The markets
ended the day with modest losses to close near the lows for
Resistance 5966 6158 6313
the day. The top losers for the day were Rel. Infra, Sesa Goa,
Simple Moving Averages S&P CNX NIFTY Bank of Baroda, Ambuja Cement, NTPC, GAIL, Cipla,
50 Day SMA 5957.93 ◄Negative Ultratech Cemco, Tata Power and Bharti Airtel.
100 Day SMA 5810.74
Technically, the market breadth remained weak amidst
200 Day SMA 5488.09
lower volumes. The prevailing negative technical
Market Breadth * BSE NSE conditions continued to weigh on the market sentiment
Advances 799 293
leading to selling pressure. The Nifty has slipped below
Declines 1378 776
its 50-day SMA, which does not augur well for the
markets. The negative divergence pattern formed on the
Same 786 45
Nifty still holds good and remains a sign of worry for the
Total 2963 1114
markets. The Stochastic, RSI, KST and MACD all are
A/D Ratio 0.58 : 1 0.38 : 1 placed below their respective averages. Moreover, the
Volume (Lacs Shares) * KST and MACD have slipped in the negative territory,
which warns of impending selling pressure. These
07/02/13 06/02/13 % Chg.
negative technical conditions would lead to further
BSE 2270 2229 1.84
selling pressure. However, the prevailing positive
NSE 6739 6786 -0.69 technical conditions also continue to hold good. The
Total 9009 9015 -0.06 Nifty remains placed above its 50-day SMA, 100-day SMA
and 200-day SMA. The Nifty’s 50-day SMA remains
Turnover ( ` Crores) * placed above Nifty’s 100-day SMA and 200-day SMA, the
07/02/13 06/02/13 % Chg. later being called the ‘Golden Cross breakout’. These
BSE 2189.41 2097.69 4.37 positive conditions would lead to buying support at
NSE 11249.57 11500.09 -2.18 lower levels. The +DI line, -DI line and ADX line are
NSE F&O 104914.29 71927.72 45.86 moving sideways, indicating a range bound trend. The
Total 118353.27 85525.50 38.38 market sentiment is negative as Nifty trades below the
psychologically important 6000 level. Now, it is important
F&O Contracts Traded (NSE) * that the markets witness buying support for the Nifty to
07/02/13 06/02/13 % Chg. move above the 50-day SMA, other wise increased
Index Fut. 262520 164122 59.95 selling pressure is likely to be witnessed and markets
Stock Fut. 437955 411939 6.32 could test the 5816 support level. In the meanwhile the
Index Opt. 2465358 1518114 62.40
markets would take cues from the ongoing earnings
season, global markets, Rupee and the crude prices. The
Stock Opt. 243935 217826 11.99
support levels for Nifty are placed at 5885, 5816 and 5747.
Total 3409768 2312001 42.10
The Nifty faces resistance at 5966, 6158, 6313 and 6358
NOTE - * - Source – BSE & NSE 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
AB Nuvo Fut 1077.95 Sell Below 1077.00 1092.00 1.39 1044 3.06
Allahabad Bank Fut 149.20 Sell Below 149.00 151.25 1.51 144 3.36
Aurobin. Pharma Fut 186.90 Sell Below 186.50 189.50 1.61 180 3.49
TGT of
320
Achieved
given Sell
@ 330 on
Bharti Airtel Fut 321.50 Sell Below 321.00 326.00 1.56 310 3.43 04/02/13
* 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 19580 19608 19675 19770 19933 19513 19445 19283
S&P CNX NIFTY 5939 5948 5969 5999 6050 5918 5897 5847
NIFTY FEB 13 FUT. 5961 5947 5954 5947 5947 5954 5947 5947
Stocks To Watch Out Today
ACC, BEML, FBI, Grasim, Havells, HDFC, Hexaware, IDFC, Jubilant Food, Sobha, Tata Chem; TCS, Tech Mahindra
AB Nuvo, Allahabad Bank, Aurobindo Pharma, BF Utilities, Bharti Airtel, BHEL, CBI, Cipla, Dabur, Delta Corp; Escorts, FT,
GAIL, Hero Motocorp; HOECL, HPCL, ICICI Bank, IDBI, IFCI, IOB, Jet Airways, Jindal Saw, JP Power, Karnataka Bank, L&T,
Lupin, NTPC, Rel. Capital, Rel. Infra, Rel. Power, SBi, SCI, Sesa Goa, Siemens, Sterlite, Tata Power, Tata Steel, Union Bank
of India, United Spirits, Vijaya Bank, VIP, Voltas, Yes Bank
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
Disclaimer
This document is not for public distribution and has been furnished to you solely for your information and must not be
reproduced or redistributed to any other person. Persons into whose possession this document may come are
required to observe these restrictions.
This material is for the personal information of the authorized recipient, and we are not soliciting any action based
upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Keynote
Capitals Ltd. It does not constitute a personal recommendation or take into account the particular investment
objectives, financial situations, or needs of individual clients.
We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable
though its accuracy or completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected
with it, accepts any liability arising from the use of this document. The recipients of this material should rely on their
own investigations and take their own professional advice. Price and value of the investments referred to in this
material may go up or down. Past performance is not a guide for future performance. Certain transactions -including
those involving futures, options and other derivatives as well as non-investment grade securities - involve substantial
risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s
price movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not
match with a report on a company’s fundamentals.
Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to
update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or
other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking
statements are not predictions and may be subject to change without notice. Our proprietary trading and investment
businesses may make investment decisions that are inconsistent with the recommendations expressed herein.
We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short
positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other
transaction involving such securities and earn brokerage or other compensation or act as a market maker in the
financial instruments of the company (ies) discussed herein or act as advisor or lender / borrower to such company
(ies) or have other potential conflict of interest with respect to any recommendation and related information and
opinions.
The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal
views about the subject company or companies and its or their securities, and no part of his or her compensation
was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.
No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior
written consent.
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com