1. Daily Technical Outlook
5th September 2012
Indices * Close % Chg. Markets to struggle higher
BSE SENSEX 17440.87 0.32
S&P CNX NIFTY 5274.00 0.39 Mirroring the negative global market cues the domestic
NIFTY SEPT. FUT. 5299.40 0.31 markets witnessed a subdue opening. Selling pressure was
India VIX 16.59 -3.99 witnessed in the morning trade as Nifty traded below the
5250 resistance level. However, the markets managed to
S&P CNX NIFTY Technical Levels bounce back from low levels to move higher and traded
Level 1 Level 2 Level 3 above the 5250 resistance level. The markets managed to
Support 5250 5215 5118 hold on to the gains and showed no signs of weakness. The
Resistance 5333 5386 5464 markets ended the day with modest gains to close near the
highs for the day. The top gainers for the day were GAIL,
Simple Moving Averages S&P CNX NIFTY Jindal Steel, JP Associates, Reliance, Tata Motors,
50 Day SMA 5262.83 Powergrid, BPCL, Rel. Infra, SBI and Tata Steel.
100 Day SMA 5160.59
200 Day SMA 5125.69 ◄Critical Technically, the market breadth remained positive amidst
higher volumes, which is a positive sign for the markets.
Market Breadth * BSE NSE The global market cues are negative. The domestic
Advances 1543 846 markets are likely to witness a subdue opening. The
Declines 1209 603 markets witnessed a pull back rally on back of the
Same 156 109 Stochastic being placed around the over sold zone. The
Total 2908 1558 prevailing technical positives still hold good, which
A/D Ratio 1.27 : 1 1.40 : 1
would lead to buying support at lower levels. The
Stochastic remains placed around the over sold zone.
Volume (Lacs Shares) * Moreover, the Nifty remains placed above its 50-day, 100-
04/09/12 03/09/12 % Chg. day SMA and 200-day SMA. More so the Nifty’s 50-day
BSE 2951 1649 78.96
SMA remains placed above Nifty’s 100-day SMA and 200-
day SMA, the later being called the ‘Golden Cross
NSE 5203 4700 10.70
breakout’. These positive conditions would lead to
Total 8154 6349 28.43
buying support at lower levels. However, the prevailing
Turnover ( ` Crores) * technical negatives continue to hold good and would
04/09/12 03/09/12 % Chg.
weigh on the market sentiment. The Stochastic, RSI, KST
and MACD are still placed below their respective
BSE 1634.59 1644.48 -0.60
averages, which would lead to further selling pressure.
NSE 7812.42 7821.01 -0.11
Moreover, the Nifty has formed a negative divergence
NSE F&O 73472.26 76087.21 -3.44 pattern. The KST and MACD have slipped in the negative
Total 82919.27 85552.70 -3.08 territory and warn of impending selling pressure. The
ADX line, +DI line and –DI line are moving sideways
F&O Contracts Traded (NSE) *
indicating a range bound trend. The market sentiment
04/09/12 03/09/12 % Chg.
remains negative. Now, it is important that markets
Index Fut. 275684 292330 -5.69 witness buying support at regular intervals for the
Stock Fut. 385776 370955 4.00 markets to move higher. In the meanwhile the markets
Index Opt. 1936650 2054932 -5.76 would take cues from global markets, Rupee, and the
Stock Opt. 165772 153366 8.09 crude prices. The support levels for Nifty are placed at 5250,
Total 2763882 2871583 -3.69 5215, 5118 and 5047. The Nifty faces resistance at the 5333,
5386, 5464, 5500, 5565 and 5607 levels.
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
Andhra Bank 92.65 Buy Above 93.15 90.50 2.84 99 6.28
Balrampur Chini 68.95 Buy Above 69.25 67.00 3.25 74 6.86
Bank of India 262.30 Buy Above 264.00 257.00 2.65 280 6.06
Dish TV 70.20 Buy Above 70.50 68.50 2.84 75 6.38
* 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 17441 17401 17493 17545 17689 17349 17256 17112
S&P CNX NIFTY 5274 5262 5291 5307 5352 5245 5217 5172
NIFTY SEPT. FUT. 5299 5288 5317 5334 5380 5270 5241 5195
Stocks To Watch Out Today
Axis Bank, Bombay Dying, Crompton Greaves, Cummins, GMDC, HDFC Bank, IDFC, Pantaloon Retail, Patel Engg, Sun
Pharma, Tata Power
Andhra Bank, Balrampur Chini, Bank of India, Bata, Bharti Airtel, BHEL, Biocon, Dabur, Dish TV, Exide, GMR Infra, Godrej
Inds, Guj. Flouro; HCL Tech; Hero Motocorp, Hexaware, HPCL, HUL, Hind Zinc, IDBI Bank, Indian Bank, JSW Energy,
Jubilant Food, Karnataka Bank, Maruti, McLeod Russel, Petronet, Polaris, Powergrid, PTC, Rel. Comm; REC, Rel. Capital,
Reliance, Rel. Power, SBI, Sintex, United Spirits, Syndicate Bank, Tech Mahindra, Titan, TTK Prestige
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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