1. Daily Technical Outlook
2nd January 2013
Indices * Close % Chg. Markets inch closer to a breakout
BSE SENSEX 19580.81 0.79
S&P CNX NIFTY 5950.85 0.77
Mirroring the positive global market cues the domestic
markets witnessed a gap up opening. Sustained buying
NIFTY JAN 13 FUT. 6007.50 0.94
support was witnessed in index heavyweight stocks, which
India VIX 13.69 -8.42
also led to short covering helping the Nifty Futures cross the
S&P CNX NIFTY Technical Levels 6000 level. However, markets failed to capitalize on morning
Level 1 Level 2 Level 3 gains on back of profit taking, which was observed in the
Support 5885 5816 5747
afternoon session. However the markets managed to sustain
above the 6000 level. The markets ended the day with
Resistance 5966 6135 6313
moderate gains to close near the highs for the day. The top
Simple Moving Averages S&P CNX NIFTY gainers for the day were reliance Infra, Jindal Steel, Hindalco,
50 Day SMA 5768.53 ◄Positive PNB, Tata Steel, DLF, Bank of Baroda, ICICI Bank and SBI.
100 Day SMA 5627.69
Technically, the market breadth remained robust amidst
200 Day SMA 5387.23
higher volumes, which is a positive sign for the markets.
Market Breadth * BSE NSE The prevailing technical positive conditions helped the
Advances 1930 862
markets move higher inching closer to a breakout. The
Declines 977 282
RSI and KST have moved above their respective
averages. Moreover, the Stochastic is already placed
Same 134 41
above its average. Moreover, the MACD and KST are also
Total 3041 1185
placed in the positive territory. The Nifty remains placed
A/D Ratio 1.98 : 1 3.06 : 1 above its 50-day SMA, 100-day SMA and 200-day SMA.
Volume (Lacs Shares) * The Nifty’s 50-day SMA remains placed above Nifty’s
100-day SMA and 200-day SMA, the later being called the
01/01/13 31/12/12 % Chg.
‘Golden Cross breakout’. These positive conditions are
BSE 2064 2190 -5.75
likely to help the markets move higher to test the 5965
NSE 5883 5536 6.26 resistance level. However, the prevailing technical
Total 7947 7726 2.85 negatives still hold good and are likely to weigh on the
market sentiment at higher levels. The negative
Turnover ( ` Crores) * divergence pattern formed on the Nifty still holds good.
01/01/13 31/12/12 % Chg. The MACD is still placed below its average. These
BSE 1860.90 1781.61 4.45 negative technical conditions would lead to selling
NSE 8189.13 7546.93 8.51 pressure at higher levels. Though the +DI line is placed
NSE F&O 74896.83 48894.61 53.18 above the –DI line, the ADX line is moving sideways
Total 84946.86 58223.15 45.90 indicating a range bound trend. The market sentiment
remains cautious as the Nifty nears the 5966 resistance
F&O Contracts Traded (NSE) * level. Now it is important that the Nifty witnesses follow
01/01/13 31/12/12 % Chg. up buying support at higher levels for the Nifty to test the
Index Fut. 182009 119420 52.41 5966 level and move above it. In the meanwhile the
Stock Fut. 349768 249325 40.29 markets would take cues from the global markets, Rupee
Index Opt. 1750713 1116099 56.86
and the crude prices. The support levels for Nifty are placed
at 5885, 5816, 5747 and 5665. The Nifty faces resistance at
Stock Opt. 145343 119926 21.19
5966, 6135 and 6313 levels.
Total 2427833 1604770 41.13
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
Stock Close Action Price Loss * (%) Target Target (%) Remarks
AB Nuvo 1115.45 Buy Above 1117.00 1101.50 1.39 1151 3.04
Allahabad Bank 174.70 Buy Above 175.50 173.00 1.42 181 3.13
Andhra Bank 122.00 Buy Above 122.50 120.00 2.04 128 4.49
TGT of
330
Achieved
given Buy
@ 318 on
CESC 320.25 Buy Above 325.00 313.75 3.46 350 7.69 31/12/12
* 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 19581 19571 19633 19686 19801 19519 19456 19342
S&P CNX NIFTY 5951 5950 5965 5979 6007 5936 5921 5893
NIFTY JAN 13 FUT. 6008 5975 5991 5975 5975 5991 5975 5975
Keynote Capitals Ltd.
The Ruby, 9th 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, ACC, Allahabad Bank, Andhra Bank, BoB, BoI, Bata, BHEL, Biocon, Bombay Dying, Canara Bank, CBI, CESC,
Coal India, Crompton Greaves, DCB, Delta Corp; Dena Bank, DLF, GMR Infra, Grasim, HDIL, Hindalco, IDBI, Indian Hotels,
India Cement, Indian Bank, IOB, IVRCL Infra, JSW Energy, M&M, Maruti, Max India, MRF, OnMobile, OBC, NCC, Pantaloon
Retail, PFC, PNB, PTC, Punj Lloyd, REC, Reliance Capital, Rel. Infra, Renuka, RPower, SBI, Sesa Goa, South Indian Bank,
Tata Chemicals, Tata Coffee, Tata Comm; Tata Motors, Tata Power, Tata Steel, Titan, TTK Prestige, UCO Bank, Ultratech
Cemco, Uniphos, Unitech, Vijaya Bank, VIP, Voltas, Yes Bank
Piramal Healthcare
NOTE:
TECHNICAL ANALYSIS ABBREVATIONS
SMA – Simple Moving Average
EMA – Exponential Moving Average
WMA – Weighted Moving Average
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