1. Daily Technical Outlook
5th March 2012
Indices * Close % Chg. Mirroring the positive global market cues the domestic
BSE SENSEX 17636.99 0.001 markets witnessed a higher opening. The overall trend
S&P CNX NIFTY 5359.40 0.001 remained lackluster due to truncated trading day. The
NIFTY MAR. FUT. 5396.50 0.09 markets witnessed selective buying support. The markets
India VIX 28.20 1.29 ended the day flat to close near the highs for the day. The top
gainers for the day were Rel. Power, BPCL, Rel. Infra, Rel.
S&P CNX NIFTY Technical Levels Comm., Jinal Steel, Tata Power, Dr, Reddys, Sun Pharma,
Level 1 Level 2 Level 3 Hero Motocorp and Axis Bank.
Support 5327 5161 5037
Resistance 5400 5681 5728
Technically, the market breadth remained positive amidst
lower volumes. The global market cues are divergent.
Moving Averages S&P CNX NIFTY The domestic markets are likely to witness a flat to
50 Day SMA 5119.72 negative opening. The prevailing technical negatives are
◄Positive
100 Day SMA 5048.95 likely to weigh on the market sentiment and would trigger
200 Day SMA 5166.94 ◄Positive
selling pressure at regular intervals. The MACD, RSI and
KST all are still placed below their respective averages,
Volume (Lacs Shares) * which would lead to regular bouts of selling pressure.
03/03/12 02/03/12 % Chg. Moreover, MACD has slipped in the negative territory and
BSE 713 3169 -77.50 KST could possibly slip in the negative territory soon.
NSE 1132 7826 -85.53
However, buying support is expected to be witnessed at
lower levels as the Stochastic is placed above its
Total 1845 10995 -83.22
average on the daily charts, which would trigger short
Turnover ( ` Crores) * covering and buying support at regular intervals. The
03/03/12 02/03/12 % Chg.
Nifty remains placed above its key average’s the 50-day,
100-day and 200-day SMA. Moreover, the Nifty’s 50-day
BSE 524.81 3137.28 -83.27
SMA remains placed above Nifty’s 100-day SMA. The
NSE 1315.83 13032.45 -89.90
Nifty also is placed above its April’2011 descending trend
NSE F&O 6507.13 82547.09 -92.12 line. The market sentiment remains cautious. Now, it is
Total 8347.77 98716.82 -91.54 important that the markets witness buying support at
lower levels for the markets to move and sustain above
F&O Contracts Traded (NSE) *
the 5400 resistance level. Intermediate bouts of volatility
03/03/12 02/03/12 % Chg.
and choppiness are likely to be witnessed as slew of
Index Fut. 24959 506441 -95.07 events are lined up during this month and these news
Stock Fut. 47919 508909 -90.58 events would influence the market trend. In the
Index Opt. 144494 1866710 -92.26 meanwhile the markets would take cues from the news
Stock Opt. 11891 137099 -91.33 flow on state elections, RBI’s monetary policy, Union
Total 229263 3019159 -61.19 Budget, the global markets and of course the crude
prices. The support levels for Nifty are placed at 5327, 5161,
Market Breadth (NSE) * 5037 and 4955. The Nifty faces resistance at the 5400, 5681
Advances 722 and 5728 levels.
Declines 598 NOTE: The Volume, Turnover and F&O Contracts Traded data are
strictly not comparable with the previous day as trading session on
Same 72
3rd March was held only for 90 minutes.
Total 1392
A/D Ratio 1.21 : 1
NOTE - *- Source – BSE & NSE
Sanjay Bhatia (AVP – Technicals), Email Id sanjay@keynotecapitals.net Yahoo Chat Id: keytechnicals@yahoo.in
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. 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
Dabur 105.70 Buy Above 106 103.25 2.59 112 5.66
Kotak Bank 566.50 Buy Above 571 555.70 2.68 605 5.95
McDowell 559.10 Sell Below 556 572.75 3.01 519 6.65
* 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 17637 17644 17670 17703 17762 17611 17585 17526
S&P CNX NIFTY 5359 5361 5368 5377 5393 5352 5345 5328
NIFTY MAR. FUT. 5397 5395 5404 5412 5428 5388 5379 5362
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

3. 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.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com