1. Daily Technical Outlook
5th March 2013
Indices * Close % Chg. Downtrend continues
BSE SENSEX 18877.96 -0.21
S&P CNX NIFTY 5698.50 -0.37
Mirroring the weak global market cues the domestic markets
witnessed a negative opening. Sustained selling pressure
NIFTY MAR 13 FUT. 5716.85 -0.23
was witnessed in the morning trade as markets traded with
India VIX 13.67 -2.77
moderate losses. However, the markets managed to come
S&P CNX NIFTY Technical Levels off the lows for the day to move higher on back of short
Level 1 Level 2 Level 3 covering and selective buying support. The markets
Support 5571 5447 5258
managed to hold on at higher levels. The markets ended the
day with modest losses but close near the highs for the day.
Resistance 5747 5816 5885
The top losers for the day were JP Associates, Hindalco,
Simple Moving Averages S&P CNX NIFTY Jindal Steel, ACC, Rel. Infra, DLF, Sesa Goa, HUL, Ambuja
50 Day SMA 5945.33 ◄Negative Cement and L&T.
100 Day SMA 5843.29 ◄Negative
Technically, the market breadth remained negative
200 Day SMA 5554.76 amidst higher volumes, which is a negative sign for the
Market Breadth * BSE NSE
markets. The prevailing negative technical conditions
continue to hold good and are weighing on the market
Advances 860 251
sentiment. The KST, RSI and MACD all are still placed
Declines 1958 820
below their respective averages. The Nifty remains
Same 110 25 placed below its 50-day and 100-day SMA, which does
Total 2928 1096 not augur well for the markets. The negative divergence
A/D Ratio 0.44 : 1 0.31 : 1 pattern formed on the Nifty still holds good and remains
a sign of worry for the markets. Moreover, the KST and
Volume (Lacs Shares) * MACD are placed in the negative territory, which warns
04/03/13 01/03/13 % Chg. of impending selling pressure. These negative technical
BSE 3052 2262 34.92 conditions would lead to further selling pressure
NSE 8463 7464 13.39 especially at higher levels. However, the prevailing
Total 11515 9726 18.40 positive technical conditions continue to hold good. The
Stochastic is placed above its average. Moreover, the
Turnover ( ` Crores) * Stochastic and RSI are placed in the over sold zone. The
04/03/13 01/03/13 % Chg. Nifty remains placed above its 200-day SMA. The Nifty’s
BSE 1796.59 2045.32 -12.16 50-day SMA remains placed above Nifty’s 100-day SMA
NSE 10391.67 12142.79 -14.42 and 200-day SMA, the later being called the ‘Golden
NSE F&O 86431.61 111026.85 -22.15 Cross breakout’. These positive conditions would lead to
Total 98619.87 125214.96 -21.24
short covering and buying support at regular intervals.
Though the –DI line and ADX line are placed above the
F&O Contracts Traded (NSE) * +DI line and is also placed above the 29 level, -DI line has
04/03/13 01/03/13 % Chg. come off its recent highs, indicating sellers are covering
Index Fut. 236442 316896 -25.39
shorts regularly. The market sentiment remains cautious.
With no immediate domestic triggers, the markets would
Stock Fut. 393566 505281 -22.11
take cues from the global markets, Rupee and the crude
Index Opt. 2110355 2685764 -21.42
prices. We hold our view that upsides should be used to
Stock Opt. 229870 271467 -15.32 add to short positions until Nifty moves and closes
Total 2970233 3779408 -16.33 above the 50-day SMA. The support levels for Nifty are
NOTE - * - Source – BSE & NSE placed at 5571, 5447 and 5258. The Nifty faces resistance at
5747, 5816, 5885, 5966 and 6158 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
Stock Close Action Price Loss * (%) Target Target (%) Remarks
Ambuja Cement Fut 186.55 Sell Below 185 187.75 1.49 179 3.24
TGT of
155
Achieved
given Sell
@ 162 on
Aurobindo Pharma Fut 157.60 Sell Below 157 162.00 3.18 146 7.01 04/03/13
DLF Fut 252.20 Sell Below 251 258.25 2.89 235 6.37
* 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 18878 18856 18952 19027 19197 18782 18686 18516
S&P CNX NIFTY 5699 5691 5719 5740 5788 5671 5643 5595
NIFTY MAR 13 FUT. 5717 5691 5704 5691 5691 5704 5691 5691
Stocks To Watch Out Today
BEL, Bharat Forge, Cipla, Colgate, Fortis, Lupin, Videocon
Aban, ACC, Ambuja Cement, Aurobindo Pharma, Bonbay Dying, Cairn India, Cummins, Delta Corp; DLF, Educomp, Escorts,
Essar Oil, FT, Hindalco, IDFC, IFCI, IVRCL, JSW Steel, Karnataka Bank, NHPC, PFC, PNB, Praj, PTC, SAIL, Sesa Goa,
Siemens, Sobha, Sterlite, Sun Pharma, Tata Chem; Tata Steel
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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