1. Daily Technical Outlook
4th December 2012
Indices * Close % Chg. Markets consolidate
BSE SENSEX 19305.32 -0.18
Mirroring the positive global market cues the domestic
S&P CNX NIFTY 5870.95 -0.15
markets witnessed a positive opening. However, the markets
NIFTY DEC. FUT. 5911.60 0.04
failed to capitalize on morning gains and drifted lower on
India VIX 15.62 3.10 back of regular bouts of profit taking. The overall trend
S&P CNX NIFTY Technical Levels remained range bound with markets witnessing stock specific
direction. The markets ended the day with marginal losses to
Level 1 Level 2 Level 3
close near the highs for the day. The top losers for the day
Support 5816 5747 5665
were HDFC bank, IDFC, Bharti Airtel, GAIL, ONGC, HCL
Resistance 5885 5912 5945 Tech; Grasim, BPCL, NTPC and Lupin.
Simple Moving Averages S&P CNX NIFTY
50 Day SMA 5682.60 ◄Positive
Technically, the market breadth remained positive
amidst lower volumes. The prevailing technical negative
100 Day SMA 5489.25
conditions weighed on market sentiment, leading to
200 Day SMA 5338.00
markets consolidating after four days rally. The
Market Breadth * BSE NSE Stochastic has slipped below its average. Moreover, the
Advances 1672 739
RSI and the Stochastic are placed in the over bought
zone. These negative technical conditions which lead to
Declines 1255 409
intermediate bouts of profit taking and selling pressure.
Same 124 47
However, the prevailing positive technical conditions still
Total 3051 1195 hold valid and would help the markets move higher. The
A/D Ratio 1.33 : 1 1.81 : 1 MACD, KST and RSI all are placed above their respective
averages. Moreover, the MACD and KST have moved in
Volume (Lacs Shares) *
the positive territory. The Nifty remains placed above its
03/12/12 30/11/12 % Chg.
50-day SMA, 100-day SMA and 200-day SMA. More so the
BSE 2904 3373 -13.90 Nifty’s 50-day SMA remains placed above Nifty’s 100-day
NSE 8393 12648 -33.65 SMA and 200-day SMA, the later being called the ‘Golden
Total 11297 16021 -29.49 Cross breakout’. These positive conditions would lead to
further buying support. Though, the +DI line is placed
Turnover ( ` Crores) * above the 37 level, it is moving lower, indicating buyers
03/12/12 30/11/12 % Chg. have started booking profits. The market sentiment
BSE 2471.02 2965.40 -16.67 remains upbeat as Nifty nears the 5885 resistance level.
NSE 12009.60 20385.99 -41.09 Now, it is important that the Nifty witnesses follow up
NSE F&O 86999.53 117333.79 -25.85 buying support at higher levels for the Nifty to test the
Total 101480.15 140685.18 -27.87
5912-5945 resistance levels. In the meanwhile the
markets would take cues from the on going parliament
F&O Contracts Traded (NSE) * session, global markets, Rupee and the crude prices. The
03/12/12 30/11/12 % Chg. support levels for Nifty are placed at 5816, 5747, 5665,
Index Fut. 208254 334876 -37.81 5554 and 5447. The Nifty faces resistance at 5885, 5910
Stock Fut. 488124 681838 -28.41
and 5945 levels.
Index Opt. 2019926 2678544 -24.59
Stock Opt. 214215 272941 -21.52
Total 2930519 3968199 -18.08
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
TGT of 1100
Achieved given
Buy @ 1055 on
AB Nuvo 1097.35 Buy Above 1100.00 1085.00 1.36 1133 3.00 29/11/12
BHEL 237.85 Buy Above 239.60 230.00 4.01 251 4.76
CESC 316.00 Buy Above 318.00 313.50 1.42 328 3.14
* 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 19305 19326 19395 19486 19645 19236 19167 19008
S&P CNX NIFTY 5871 5875 5895 5919 5964 5851 5830 5786
NIFTY DEC. FUT. 5912 5911 5934 5956 6001 5889 5866 5821
Stocks To Watch Out Today
AB Nuvo, ACC, Adani Enterprises, Adani Ports, Adani Power, Allahabad Bank, Asian Paints, Aurobindo Pharma, Axis Bank,
Bharat Forge, BHEL, Bhushan Steel, CBI, Century Textiles, CESC, Chambal Fert; Dabur, Dena Bank, GMR Infra, GSPL,
Hindalco, HPCL, Hind. Zinc, ICICI Bank, IDBI, IFCI, Indian Hotels, India Cement, Indusind Bank, Indian Overseas Bank, Jain
Irrigation, JP Associates; JSW Energy, JSW Steel, Jubilant Foods, KTK Bank, LIC Hsg; M&M, Mphasis, MRF, NHPC, NMDC,
Pantaloon Retail, Petronet, PFC, PTC, Raymond, REC, SAIL, SBI, SCI, Siemens, SIB; Tata Chem; Tata Global, Tata Steel,
Tech Mahindra, UCO Bank, Vijaya Bank, Voltas, Wipro,
IOC, L&T, Sun Pharma, Tata Motors
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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