1. Daily Technical Outlook
10th January 2013
Indices * Close % Chg. Markets listless
BSE SENSEX 19666.59 -0.38
S&P CNX NIFTY 5971.50 -0.50
Mirroring the weak global market cues the domestic markets
witnessed a flat opening. The markets managed to move
NIFTY JAN 13 FUT. 5998.75 -0.74
higher on back of selective buying support. However, lack of
India VIX 13.32 0.37
follow up buying support at higher levels saw the markets
S&P CNX NIFTY Technical Levels come off the highs for the day. The over all trend remained
Level 1 Level 2 Level 3 lackluster and listless. Sustained selling pressure was
Support 5966 5885 5816
witnessed in the afternoon trade as markets slipped in the
red. The markets ended the day with modest losses to close
Resistance 6158 6313 6358
near the lows for the day. Nifty once again closes below
Simple Moving Averages S&P CNX NIFTY psychologically important 6000 level. The top losers for the
50 Day SMA 5804.52 ◄Positive day were BHEL, Tata Steel, Ambuja Cements, ITC,
100 Day SMA 5668.01
Unltratech Cemco, Hero Motocorp, Bajaj Auto, TCS, DLF and
Bank of Baroda.
200 Day SMA 5408.01
Market Breadth * BSE NSE Technically, the market breadth remained weak amidst
Advances 1395 447
higher volumes, which is a negative sign for the markets.
Declines 1575 721
The prevailing technical negatives are weighing on the
market sentiment. The RSI has slipped below its average.
Same 131 53
Moreover, the KST and Stochastic are already placed
Total 3101 1221
below their respective averages. The negative
A/D Ratio 0.89 : 1 0.62 : 1 divergence pattern formed on the Nifty still holds good
Volume (Lacs Shares) * and remains a major concern. These negative technical
conditions would lead to selling pressure especially at
09/01/13 08/01/13 % Chg.
higher levels. However, the prevailing technical positive
BSE 3541 3160 12.06
conditions still hold good. The MACD is still placed
NSE 9581 7709 24.28 above its average. Moreover, the MACD and KST are also
Total 13122 10869 20.73 placed in the positive territory. The Nifty remains placed
above its 50-day SMA, 100-day SMA and 200-day SMA.
Turnover ( ` Crores) * The Nifty’s 50-day SMA remains placed above Nifty’s
09/01/13 08/01/13 % Chg. 100-day SMA and 200-day SMA, the later being called the
BSE 2535.07 2705.16 -6.29 ‘Golden Cross breakout’. These positive conditions are
NSE 13571.82 11899.99 14.05 likely to help the markets witness buying support at
NSE F&O 107703.15 101905.87 5.69 lower levels. Though the +DI line is placed above the –DI
Total 123810.04 116511.02 6.26 line but has slipped below the 30 level; indicating buyers
are booking profits at regular intervals. The market
F&O Contracts Traded (NSE) * sentiment remains cautious as Nifty struggles around
09/01/13 08/01/13 % Chg. the 6000 level. Now it is important that the Nifty moves
Index Fut. 238430 239065 -0.27 and sustains above the 6000 level for it to test the 6135
Stock Fut. 532814 473882 12.44 resistance level. In the meanwhile the markets would
Index Opt. 2363379 2302006 2.67
take cues from the forthcoming quarterly results, global
markets, Rupee and the crude prices. The support levels
Stock Opt. 304557 255816 19.05
for Nifty are placed at 5966, 5885, 5816 and 5747. The Nifty
Total 3439180 3270769 3.37
faces resistance at 6158, 6313 and 6358 levels.
NOTE - * - Source – BSE & NSE
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
Stock Close Action Price Loss * (%) Target Target (%) Remarks
BPCL 385.70 Buy Above 387 381.00 1.55 400 3.36
Dr. Reddys 1910.90 Buy Above 1915 1888.00 1.41 1975 3.13
Havells 680.55 Buy Above 682 671.50 1.54 705 3.37
* 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 19667 19706 19785 19903 20100 19588 19509 19312
S&P CNX NIFTY 5972 5983 6008 6045 6107 5947 5922 5860
NIFTY JAN 13 FUT. 5999 5987 5993 5987 5987 5993 5987 5987
Stocks To Watch Out Today
Bharti Airtel, BPCL, Dr. Reddys, Glaxo, GVK, Havells, HCL tech; HDIL, IDBI, Idea, Jain Irrigation, M&M, Max India, Mphasis,
MRF, NHPC, NMDC, Oil India, ONGC, Piramal Halthcare, PTC, SBI, Shriram Transport, Sun Pharma, Suzlon, Tata Motors,
Yes Bank
DCB, Hero Motocorp, Hexaware, Hindalco, IDFC, Indian Hotels, India Infoline, IndusindBank, Infosys Tech; Jindal Saw, Jindal
Steel, Jubilant Foods, LIC Hsg; L&T, NTPC, Opto Circuit, OBC, Ranbaxy, Raymond, Rel. Capital, Renuka Sugar, SAIL, Sesa
Goa, Sintex, SIB, SREI Infra, Sterlite, Sterlite Tech; Sun TV, Tata Steel, TCS, Titan, Ultratech Cemco , Union Bank, Voltas,
Welcorp, 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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