The domestic stock markets opened firmly but failed to sustain gains, ending the day with modest increases. The Nifty touched a 52-week high but was unable to cross the 5741 resistance level as selling pressure emerged. Technically, indicators like the RSI, MACD and KST remain in positive territory above their averages, supporting further buying. However, negatives like the Stochastic below its average and RSI in overbought territory could trigger intermittent profit taking. Global cues are negative due to uncertainty around Spain's bailout.

1. Daily Technical Outlook
1st October 2012
Indices * Close % Chg. Nifty touches 52 week high
BSE SENSEX 18762.74 0.99
S&P CNX NIFTY 5703.30 0.95 Mirroring the positive global market cues the domestic
NIFTY OCT. FUT. 5729.55 0.80 markets witnessed a firm opening. Sustained buying support
India VIX 16.16 -4.43 was witnessed as markets moved higher leading to
intermediate bouts of short covering. However, the markets
S&P CNX NIFTY Technical Levels failed to cross the 5741 level as profit taking and selling
Level 1 Level 2 Level 3 pressure was witnessed. The markets ended the day with
Support 5703 5630 5607 modest gains to close near the lows for the day. The top
Resistance 5741 5884 5912 gainers for the day were Hindalco, Powergrid, Tata Motors,
Bank of Baroda, Sun Pharma, NTPC, Cipla, Tata Power, JP
Simple Moving Averages S&P CNX NIFTY Associates and ITC.
50 Day SMA 5360.09
100 Day SMA 5217.32 Technically, the market breadth remained positive,
200 Day SMA 5186.08 ◄Critical amidst lower volumes. The global market cues are
negative with fresh uncertainty on Spain’s bailout
Market Breadth * BSE NSE arising. The domestic markets are likely to witness a flat
Advances 1644 925 opening. The prevailing positive technical conditions
Declines 1248 595 helped the markets move higher to touch fresh 52 week
Same 151 74 high. The RSI has once again moved above its average.
Total 3043 1594 Moreover, the MACD and KST all are still placed above
A/D Ratio 1.31 : 1 1.55 : 1
their respective averages and are also placed in the
positive territory. The Nifty remains placed above its 50-
Volume (Lacs Shares) * day SMA, 100-day SMA and 200-day SMA. More so the
28/09/12 27/09/12 % Chg. Nifty’s 50-day SMA remains placed above Nifty’s 100-day
BSE 2585 3033 -14.77
SMA and 200-day SMA, the later being called the ‘Golden
Cross breakout’. The ADX line and the +DI line are
NSE 8128 11766 -30.92
moving higher and both are placed above the 36 level,
Total 10713 14799 -27.61
indicating buyers have an upper hand. These positive
Turnover ( ` Crores) * conditions would lead to buying support at regular
28/09/12 27/09/12 % Chg.
intervals. However, the prevailing technical negatives
continue to hold good and would trigger profit taking and
BSE 2685.87 2772.93 -3.14
selling pressure at higher levels. The Stochastic is
NSE 14148.97 18960.07 -25.37
placed below its average. Moreover, the RSI is still
NSE F&O 89827.35 273402.52 -67.14 placed around the over bought zone. These technical
Total 106662.19 295135.52 -63.86 negatives would lead to intermediate bouts of profit
taking and selling pressure. The market sentiment
F&O Contracts Traded (NSE) *
remains positive. In the meanwhile the markets would
28/09/12 27/09/12 % Chg.
take cues from global markets, Rupee and the crude
Index Fut. 353497 780070 -54.68 prices. The support levels for Nifty are placed at 5703, 5630,
Stock Fut. 543841 1223305 -55.54 5607, 5526, and 5448. The Nifty faces resistance at 5741,
Index Opt. 2002075 7222514 -72.28 5884 and 5912 levels.
Stock Opt. 196499 368929 -46.74
Total 3095912 9594818 -56.21
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
ABB 800.65 Buy Above 805.00 785.00 2.48 850 5.59
TGT of 1475
Achieved
given Buy @
1430 on
ACC 1470.05 Buy Above 1472.00 1448.00 1.63 1525 3.60 27/09/12
Bank of Baroda 797.80 Buy Above 802.50 785.50 2.12 840 4.67
Exide 153.30 Buy Above 154.00 151.25 1.79 160 3.90
Financial tech. 975.40 Buy Above 977.00 955.00 2.25 1025 4.91
* 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 18763 18777 18856 18948 19120 18684 18606 18434
S&P CNX NIFTY 5703 5707 5731 5759 5811 5679 5656 5604
NIFTY OCT. FUT. 5730 5736 5760 5791 5846 5705 5680 5625
Stocks To Watch Out Today
ABB, ACC, Bajaj Auto, BoB, BoI, Bata, Bhushan Steel. Exide, FT, Grasim, HUL, Hotel Leela, IDBI, Indian Hotels, ITC, Jubilant
Foods, Kotak Bk; Karnataka Bk; M&M, Maruti, Max India, Oil India, SCI; Sobha, SREI Infra, Sun Pharma, Sun TV, Tata
Coffee, Tata Global, Tata Motor DVR, Tech Mahindra, Titan, Ultratech Cemco, Uniphos, ZEEL
Infosys, Ranbaxy, Rel. infra, SAIl, TTK Prestige, Videocon
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