1. Daily Technical Outlook
28th April 2012
Indices * Close Chg. Mirroring the positive Asian market cues, the domestic
BSE SENSEX 17134.25 0.02 % markets opened on a positive note. The markets traded
S&P CNX NIFTY 5190.60 0.03 % higher in the morning trade but failed to sustain higher due to
NIFTY May FUT. 5210.80 -0.07 % lack of follow up buying support and sustained bouts of
India VIX 17.89 -4.53 % selling pressure. The markets came off the lows of the day in
Nifty May Fut 20.20 Premium the afternoon session on back of positive news flow on FII
taxation. The markets once again ended the day on a flat
S&P CNX NIFTY Technical Levels note to close near the highs for the day. The top losers for the
Level 1 Level 2 Level 3 day were SAIL, Coal India, ACC, IDFC, SBI, Jindal Steel,
Support 5161 5037 4955 BHEL, Bajaj Auto, Ambuja Cement and Rel. Infra
Resistance 5400 5681 5728
Technically, the market breadth remained negative
Moving Averages S&P CNX NIFTY amidst lower volumes. The global market cues are
50 Day SMA 5317.68 largely positive. The domestic markets are likely to
100 Day SMA 5130.25 witness a flat to positive opening. The prevailing
200 Day SMA 5127.39 ◄ Crucial technical negatives continued to weigh on market
sentiment. The KST, Stochastic and RSI are still placed
Volume (Lacs Shares) * below their respective averages. This would lead to
27/04/12 26/04/12 % Chg. selling pressure. However, positive technical conditions
BSE 1826 1878 -2.77 still hold good and would help the markets take support
NSE 5703 7273 -21.59 at lower levels. The Stochastic has moved in the over
Total 7529 9151 -17.73
sold zone. The MACD remains placed above its average.
The Nifty continues to sustain above its long-term
Turnover ( ` Crores) * moving average the 200-day SMA. Moreover, the Nifty’s
27/04/12 26/04/12 % Chg. 50-day SMA remains placed above Nifty’s 100-day SMA
BSE 2021.54 2401.97 -15.84
and 200-day SMA, the later being called the “Golden
Cross” breakout. Moreso, the Nifty’s 100-day SMA has
NSE 9948.12 12258.34 -18.85
crossed above the Nifty’s 200-day SMA. These positive
NSE F&O 85215.03 190370.21 -55.24
technical conditions would prompt buying support at
Total 97184.69 205030.52 -52.60 lower levels. However, The ADX line, +DI line and –DI line
F&O Contracts Traded (NSE) * continue to move sideways, indicating that markets
would continue to remain range bound. The market
27/04/12 26/04/12 % Chg.
sentiment remains cautious. Now, it is important that the
Index Fut. 442887 637675 -30.55
markets witness buying support at lower levels for the
Stock Fut. 464543 1080432 -57.00 Nifty to take support. The 200-day SMA remains a crucial
Index Opt. 2233508 5323510 -58.04 support level for the markets. In the meanwhile the
Stock Opt. 154841 193415 -19.94 markets would take cues from the forthcoming Q4
Total 3295779 7235032 -43.24 results along with global markets and the crude prices.
The support levels for Nifty are placed at 5161, 5037 and
Market Breadth (NSE) * 4955. The Nifty faces resistance at the 5400, 5681, 5728 and
Advances 573 5885 levels.
Declines 908
Same 71
Total 1552
A/D Ratio 0.63 : 1
NOTE - *- Source – BSE & NSE
Sanjay Bhatia (AVP – Technicals), Email Id sanjay@keynotecapitals.net Yahoo Chat Id: keytechnicals@yahoo.in
Keynote Capitals Ltd.
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The Ruby, 9 Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

2. Short Term Trading Ideas Based On Technical Analysis (5 - 7 Days)
Stop
Initiation Stop Loss Target
Stock Close Action Price Loss * (%) Target (%) Remarks
Allahabad Bank 160.60 Sell Below 159 162.25 2.04 152 4.40
BGR Energy 328.95 Sell Below 326 333.25 2.22 310 4.91
Century Textiles 331.05 Sell Below 326 338.00 3.68 300 7.98
TGT of 175
Achieved
given Sell @
188 on
DLF 181.50 Sell Below 180 184.50 2.50 170 5.56 24/04/12
* 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 17134 17133 17244 17353 17573 17024 16913 16693
S&P CNX NIFTY 5191 5189 5224 5258 5327 5156 5121 5052
NIFTY MAY FUT. 5211 5210 5251 5291 5373 5170 5128 5047
Keynote Capitals Ltd.
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The Ruby, 9 Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

3. Stocks to watch out today
AB Nuvo, Allahabad Bk; Andhra Bk; BOI, BGR Energy, Bharti Airtel, BHEL, Canara bk; Educomp, EKC, Escorts,
HCC, HDIL, Hotel Leela, IDFC, Indusind Bk; IOB, IRB, LITL, MLL, MTNL, Patel Engg; PFC, PNB, Polaris,
Ranbaxy, Rel. Comm; Rel. Infra, Rolta, Rel. Power, SAIL, SBI, Sintex, Sterlite, Uniphos, VIP, Voltas, Welcorp,
Yes Bk.
Apollo Tyre, Asian Paints, Balrampur Chini, Divis labs, GMDC, ICICI Bk; Infosys Tech; McDowell, Mphasis, Opto
Circuit, Sun Pharma, Tata Coffee, TCS
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