Daily Technical Outlook
15th February 2013
Indices * Close % Chg. Weakness persists
BSE SENSEX 19497.18 -0.57
S&P CNX NIFTY 5896.95 -0.61
Mirroring the inconclusive global market cues the domestic
markets witnessed a flat opening. Selling pressure continued
NIFTY FEB 13 FUT. 5900.20 -0.61
as markets drifted lower. Increased selling pressure was
India VIX 15.09 -0.33
witnessed in the afternoon trade. The markets failed to show
S&P CNX NIFTY Technical Levels any resilience against selling pressure as buying support
Level 1 Level 2 Level 3 largely remained absent. The markets ended the day with
Support 5885 5816 5747
marginal gains to close near the lows for the day. The top
gainers for the day were Siemens, Bharti Airtel, BPCL,
Resistance 5966 6158 6313
Powergrid, Maruti, Wipro, Reliance, Axis Bank, Tata Motors
Simple Moving Averages S&P CNX NIFTY and L&T.
50 Day SMA 5961.70 ◄Negative
100 Day SMA 5828.50
Technically, the market breadth remained negative
amidst higher volumes, which is a negative sign for the
200 Day SMA 5505.67
markets. The prevailing negative technical conditions
Market Breadth * BSE NSE continued to weigh on market sentiment. The Nifty
Advances 656 331
remains placed below its 50-day SMA. The negative
Declines 1501 1175
divergence pattern formed on the Nifty still holds good
and remains a sign of worry for the markets. The RSI,
Same 804 75
KST and MACD all are placed below their respective
Total 2961 1581
averages. Moreover, the KST and MACD are placed in the
A/D Ratio 0.44 : 1 0.28 : 1 negative territory, which warns of impending selling
Volume (Lacs Shares) * pressure. These negative technical conditions would
lead to further selling pressure. However, the prevailing
14/02/13 13/02/13 % Chg.
positive technical conditions still hold good. The
BSE 2266 2177 4.09
Stochastic remains placed above its average. The Nifty
NSE 8048 7010 14.81 remains placed above its 100-day SMA and 200-day SMA.
Total 10314 9187 12.27 The Nifty’s 50-day SMA remains placed above Nifty’s
100-day SMA and 200-day SMA, the later being called the
Turnover ( ` Crores) * ‘Golden Cross breakout’. These positive conditions
14/02/13 13/02/13 % Chg. would lead to intermediate bouts of short covering and
BSE 2165.93 2041.36 6.10 selective buying support at lower levels. The -DI line is
NSE 12746.64 11054.46 15.31 placed above the 25 level and also above the +DI line,
NSE F&O 122634.88 97126.03 26.26 indicating sellers are gaining strength. The market
Total 137547.45 110221.85 24.79 sentiment remains negative. Upsides should be used to
add to short positions until Nifty moves above the 50-day
F&O Contracts Traded (NSE) * SMA. The Nifty is likely to test the 5816 support level in
14/02/13 13/02/13 % Chg. the near future. In the meanwhile the markets would take
Index Fut. 256287 237093 8.10 cues from the ongoing earnings season, global markets,
Stock Fut. 597514 482385 23.87 Rupee and the crude prices. The support levels for Nifty are
Index Opt. 2580065 2096761 23.05
placed at 5885, 5816 and 5747. The Nifty faces resistance at
5966, 6158, 6313 and 6358 levels.
Stock Opt. 626720 340654 83.98
Total 4060586 3156893 24.37
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

Jaldi 5 (Short Term Technical Ideas for 5 Trading Days)
Stop
Initiation Stop Loss
Stock Close Action Price Loss * (%) Target Target (%) Remarks
Arvind Fut 84.70 Sell Below 84.25 85.75 1.78 81 3.86
Bharti Airtel Fut 312.90 Sell Below 312.00 317.50 1.76 300 3.85
TGT of
292
Achieved
given
Sell @
301.20
on
CESC Fut 292.50 Sell Below 291.20 296.25 1.73 280 3.85 14/02/13
TGT of
934
Achieved
given
Sell @
965 on
Fin. Tech. Fut 930.80 Sell Below 925.00 945.25 2.19 880 4.86 14/02/13
* 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 19497 19527 19610 19723 19918 19414 19332 19136
S&P CNX NIFTY 5897 5907 5930 5963 6019 5874 5852 5796
NIFTY FEB 13 FUT. 5900 5893 5896 5893 5893 5896 5893 5893
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

Stocks To Watch Out Today
HDFC, HDFC Bank, HUL, Infosys Tech; M&M, NTPC, Petroner, Sun Pharma, TCS, Ultratech Cemco
AB Nuvo, Adani Enter; Adani Ports, Adani Power, Arvind, Ashok Leyland, Axis Bank, Bharti Airtel, Biocon, BPCL, Cairn India,
Century Textiles, CESC, Colgate, Crompton Greaves, Cummins, DCB, Dish TV, DLF, Dr. Reddys, Escorts, Federal Bank, FT,
Fortis Healthcare, GE Shipping, GMR Infra, Hexaware, HOECL, HPCL, ICICI Bank, IDBI, Idea, IFCI, Indian Hotels, India
Cement, India Infoline, IOC, JSW Steel, Jubilant Foods, KotakBank, LIC Hsg; L&T, Lupin, Maruti, OFSS, OBC, Pantaloon,
PFC, Powergrid, Praj, Ranbaxy, Raymond, REC, Rel .Comm; Rel. Capital, Reliance, Rel. Power, Renuka Sugar, SAIL, SBI,
SCI, Sesa Goa, Siemens, Sintex, Sterlite, Syndicate Bank, Tata Motors; Tata Global, TTK Prestige, Uniphos, Videocon,
Voltas, Welcorp, Wipro, Yes Bank, ZEEL
NOTE:
TECHNICAL ANALYSIS ABBREVATIONS
SMA – Simple Moving Average
EMA – Exponential Moving Average
WMA – Weighted Moving Average
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