The domestic stock markets opened higher tracking positive global cues. Gains were steady but selling pressure emerged at regular intervals. Buying momentum increased in the afternoon on positive European markets. The indices ended with modest gains near the day's highs. Technically, breadth was positive amid higher volumes indicating buying support. The markets are likely to have a flat opening as global cues are mixed ahead of the Federal Reserve meeting outcome. Key support and resistance levels for the Nifty are noted.

1. Daily Technical Outlook
13th September 2012
Indices * Close % Chg. Markets turning positive but over bought
BSE SENSEX 18000.03 0.82
S&P CNX NIFTY 5431.00 0.76 Mirroring the positive global market cues the domestic
NIFTY SEPT. FUT. 5446.95 0.77 markets witnessed a gap up opening. The markets witnessed
India VIX 15.04 -2.21 steady buying support but regular bouts of profit taking and
selling pressure was witnessed at regular intervals. The
S&P CNX NIFTY Technical Levels buying momentum increased in the afternoon trade on back
Level 1 Level 2 Level 3 of positive European market cues. The markets ended the
Support 5386 5333 5250 day with modest gains to close near the highs for the day.
Resistance 5450 5500 5565 The top gainers for the day were Tata Motors, Jindal Steel,
SAIL, Coal India, Tata Steel, L&T, Dr. Reddys, Wipro, Sesa
Simple Moving Averages S&P CNX NIFTY Goa and Asian Paints.
50 Day SMA 5282.38
100 Day SMA 5165.46 Technically, the market breadth remained positive,
200 Day SMA 5145.07 ◄Critical
amidst higher volumes, which is a positive sign for the
markets. The global market cues are inconclusive ahead
Market Breadth * BSE NSE of the outcome of Federal Reserve meeting. The
Advances 1575 864 domestic markets are likely to witness a flat opening. As
Declines 1308 616 we had indicated the Nifty Futures tested the 5450
Same 123 101
resistance level. The prevailing positive technical
conditions continue to hold good. The Stochastic, RSI
Total 3006 1581
and KST all are still placed above their respective
A/D Ratio 1.20 : 1 1.40 : 1
averages. More so the KST is placed in the positive
Volume (Lacs Shares) * territory. The Nifty remains placed above its 50-day SMA,
12/09/12 11/09/12 % Chg.
100-day SMA and 200-day SMA. More so the Nifty’s 50-
day SMA remains placed above Nifty’s 100-day SMA and
BSE 2037 1924 5.87
200-day SMA, the later being called the ‘Golden Cross
NSE 5834 5229 11.57
breakout’. These positive conditions would lead to
Total 7871 7153 10.04 further buying support. However, a few prevailing
Turnover ( ` Crores) * technical negatives also continue to hold good and
would weigh on market sentiment at higher levels. The
12/09/12 11/09/12 % Chg.
Stochastic remains placed in the over bought zone.
BSE 2412.85 1787.78 34.96
Further the MACD is still placed below its average and is
NSE 9412.53 8147.90 15.52 placed in the negative territory. The Nifty has formed a
NSE F&O 116589.51 99116.56 17.63 negative divergence pattern. These negative technical
Total 128414.89 109052.24 17.76 conditions would lead to selling pressure and profit
taking at higher levels. The ADX line and +DI line are
F&O Contracts Traded (NSE) * moving higher, while the –DI line is moving lower. More
12/09/12 11/09/12 % Chg. so the +DI line is on the verge of a breakout above the 30
Index Fut. 342421 299922 14.17 level. The market sentiment remains cautious. Now, it is
Stock Fut. 453908 392798 15.56 important that markets witness follow up buying support
Index Opt. 3276202 2826520 15.91 at higher levels for the Nifty to move and sustain the
Stock Opt. 248762 205342 21.15
5450 resistance level. In the meanwhile the markets
would take cues from global markets, Rupee, and the
Total 4321293 3724582 13.24
crude prices. The support levels for Nifty are placed at 5386,
NOTE - * - Source – BSE & NSE 5333, 5250, 5215, 5118 and 5047. The Nifty faces resistance
at 5450, 5500, 5565 and 5607 levels.
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

2. Sanjay Bhatia (AVP – Technical Research), Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in
Jaldi 5 (Short Term Technical Ideas for 5 Trading Days)
Stop
Initiation Stop Loss Target
Stock Close Action Price Loss * (%) Target (%) Remarks
Ambuja Cements 191.70 Buy Above 192.00 189.25 1.43 198 3.13
Apollo Tyre 99.65 Buy Above 100.00 97.75 2.25 105 5.00
Asian Paints 3845.40 Buy Above 3850.00 3797.00 1.38 3966 3.01
HDFC Bank 599.20 Buy Above 601.00 590.00 1.83 625 3.99
* 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 18000 17966 18047 18094 18222 17919 17838 17710
S&P CNX NIFTY 5431 5420 5446 5462 5503 5405 5379 5337
NIFTY SEPT. FUT. 5447 5434 5466 5485 5535 5415 5384 5333
Stocks To Watch Out Today
ABB, ACC, Ambuja Cements, Apollo Tyre, Asian Paints, Bata, Bharti Airtel, Coal India, Dena Bank, Dr. Reddys, Fortis, Godrej
Inds; GSPL, HCL tech; HDFC Bank, Hotel Leela, IFCI, ITC, IVRCL, Jet Airways, Jindal Steel, JSW Steel, L&T, Maruti, ONGC,
Petronet, Polaris Software, Punj Lloyd, Rolta, Rel. Power, SAIL, Tata Motors, Tata Motors DVR, Tata Steel, TCS, Tech
Mahindra, Titan, Unitech, Videocon, Wipro,
BHEL, Cipla, Divis Labs; NTPC, Oil India, United Spirits
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