1. Daily Technical Outlook
26th September 2012
Indices * Close % Chg. Rally stalls, Correction to unfold
BSE SENSEX 18694.41 0.11
S&P CNX NIFTY 5673.90 0.08 Mirroring the weak Asian market cues the domestic markets
NIFTY SEPT. FUT. 5683.00 0.02 witnessed a flat opening. Sustained selling pressure as
India VIX 17.11 -9.13 witnessed in the morning trade as markets traded with losses
but managed to take support above the 5630 level. The
S&P CNX NIFTY Technical Levels markets managed to come off the lows for the day and
Level 1 Level 2 Level 3 moved higher to erase all the losses. However, follow up
Support 5630 5607 5526 buying support failed to materialize on a sustainable basis
Resistance 5703 5741 5884 The markets ended the day on a flat note to close near the
highs for the day. The top gainers for the day were Kotak
Simple Moving Averages S&P CNX NIFTY Bank, BHEL, HUL, Cipla, ITC, Ranbaxy, Grasim, HDFC,
50 Day SMA 5331.89 BPCL and IDFC.
100 Day SMA 5198.04
200 Day SMA 5171.81 ◄Critical
Technically, the market breadth remained positive,
amidst higher volumes, which is a positive sign for the
Market Breadth * BSE NSE markets. The global market cues are weak. The domestic
Advances 1552 777 markets are likely to witness a negative opening. The
Declines 1325 706 prevailing technical negatives continued to trigger profit
Same 133 96
taking and selling pressure. The Stochastic and the RSI
are still placed in the over bought zone, which would
Total 3010 1579
lead to intermediate bouts of profit taking. However, the
A/D Ratio 1.17 : 1 1.10 : 1
positive technical conditions continued to hold good.
Volume (Lacs Shares) * The Stochastic has moved above its average. More over,
25/09/12 24/09/12 % Chg.
the MACD, RSI and KST all are still placed above their
respective averages. More so the KST and MACD are
BSE 2917 2863 1.89
placed in the positive territory. The Nifty remains placed
NSE 10790 10387 3.88
above its 50-day SMA, 100-day SMA and 200-day SMA.
Total 13707 13250 3.45 More so the Nifty’s 50-day SMA remains placed above
Turnover ( ` Crores) * Nifty’s 100-day SMA and 200-day SMA, the later being
called the ‘Golden Cross breakout’. These positive
25/09/12 24/09/12 % Chg.
conditions would lead to further buying support. The
BSE 3441.74 2868.46 19.99
ADX line and +DI line are moving lower, indicating
NSE 19884.65 16081.54 23.65 buyers are booking profits at regular intervals. The
NSE F&O 191691.98 171549.22 11.74 market sentiment remains positive but intermediate
Total 215018.37 190499.22 12.87 bouts of volatility would be witnessed due to derivative
segment expiry. In the meanwhile the markets would
F&O Contracts Traded (NSE) * take cues from global markets, Rupee and the crude
25/09/12 24/09/12 % Chg. prices. The support levels for Nifty are placed at 5630, 5607,
Index Fut. 581156 433163 34.17 5526, and 5448. The Nifty faces resistance at 5703, 5741
Stock Fut. 1223291 1014969 20.52 and 5884 levels.
Index Opt. 4537736 4151994 9.29
Stock Opt. 329793 394262 -16.35
Total 6671976 5994388 5.36
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 Target
Stock Close Action Price Loss * (%) Target (%) Remarks
Asian Paints 137.85 Buy Above 139 135.40 2.59 147 5.76
Bombay Dying 504.45 Buy Above 506 495.00 2.17 530 4.74
Century Textiles 359.70 Buy Above 362 356.00 1.66 375 3.59
* 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 18694 18707 18778 18861 19015 18624 18553 18399
S&P CNX NIFTY 5674 5676 5700 5727 5777 5650 5626 5576
NIFTY SEPT. FUT. 5683 5685 5707 5732 5778 5660 5638 5591
Stocks To Watch Out Today
Aurobindo Pharma, Arvind, BHEL, Bombay Dying, Century Textiles, Crompton Greaves, Godej iInds; HDFC Bk; HDIL, HPCL,
IDFC, JSW Energy, Kotak Bank, LIC Hsg; M&M, Mphasis, NHPC, OFSS, Pantaloon Retail, Raymond, Rel. Comm; Tech
Mahindra, Titan, TTK Prestige, Titan, Unitech, United Spirits, VIP
Hexzware, HOECL, India Infoline, McLeod Russel, NMDC, NTPC, Oil India, ONGC, Powergrid, South Indian Bank, Tata
Chemicals, Tata Coffee
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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