Daily Technical Outlook
22nd November 2012
Indices * Close % Chg. Markets await cues from Parliament Session
BSE SENSEX 18460.38 0.72
S&P CNX NIFTY 5614.80 0.78 Mirroring the positive global market cues the domestic
NIFTY NOV. FUT. 5622.10 0.69
markets witnessed a positive opening. The markets
witnessed steady buying support and short covering helping
India VIX 15.81 -5.21
the markets move higher. The markets managed to sustain
S&P CNX NIFTY Technical Levels gains on back of follow up buying support in index
Level 1 Level 2 Level 3 heavyweight stocks. The markets ended the day with modest
Support 5554 5447 5421 gains to close near the highs for the day. The top gainers for
Resistance 5665 5747 5816
the day were JP Associates, Cipla, Sun Pharma, Ambuja
Cements, ICICI Bank, ITC, Jindal Steel, Tata Power, Asian
Simple Moving Averages S&P CNX NIFTY Paints and HDFC Bank.
50 Day SMA 5642.05 ◄Negative
100 Day SMA 5456.73 Technically, the market breadth remained positive
200 Day SMA 5325.36
amidst lower volumes. The prevailing technical positives
helped the markets move higher. The Stochastic is still
Market Breadth * BSE NSE placed above its average, which would lead to buying
Advances 1487 578 support at regular intervals. The Nifty remains placed
Declines 1362 507 above its 100-day SMA and 200-day SMA. More so the
Same 135 47
Nifty’s 50-day SMA remains placed above Nifty’s 100-day
SMA and 200-day SMA, the later being called the ‘Golden
Total 2984 1132
Cross breakout’. These positive conditions would lead to
A/D Ratio 1.09 : 1 1.14 : 1
regular bouts of short covering and buying support at
Volume (Lacs Shares) * lower levels. However, the prevailing technical negative
21/11/12 20/11/12 % Chg.
conditions still hold good and would weigh on market
sentiment. The MACD and KST are placed below their
BSE 1913 2128 -10.10
respective averages and are also placed in the negative
NSE 5668 6455 -12.20
territory, which warns of impending selling pressure. The
Total 7581 8583 -11.68 Nifty remains placed below its 50-day SMA, which is a
Turnover ( ` Crores) * short-term negative. These negative conditions would
lead to further selling pressure. Though the RSI is placed
21/11/12 20/11/12 % Chg.
below its average it is on verge of moving above it. The
BSE 1954.27 1958.06 -0.19
ADX line, +DI line and –DI line are moving sideways,
NSE 9352.97 9658.67 -3.17 indicating a range bound trend. The market sentiment
NSE F&O 130626.94 115164.50 13.43 remains negative. Now, it is important that the Nifty
Total 141934.18 126781.23 11.95 witnesses buying support at lower levels and moves and
sustains above its 50-day SMA for buying support to
F&O Contracts Traded (NSE) * emerge. Long positions should be avoided till Nifty
210/11/12 20/11/12 % Chg. crosses above its 50-day SMA. In the meanwhile the
Index Fut. 301095 264569 13.81 markets would take cues from the parliament session,
Stock Fut. 478031 488418 -2.13 global markets, Rupee and the crude prices. The support
Index Opt. 3559697 3023966 17.72 levels for Nifty are placed at 5554, 5447 and 5421. The Nifty
Stock Opt. 287997 309525 -6.96
faces resistance at 5665, 5747, 5816, 5885, 5910 and 5945
levels.
Total 4626820 4086478 12.58
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 Target
Stock Close Action Price Loss * (%) Target (%) Remarks
BHEL Fut 220.40 Sell Below 219.75 224.25 2.05 210 4.44
Cairn Fut 328.50 Sell Below 328.25 332.00 1.14 320 2.51
Apollo tyre 80.90 Buy Above 81.30 79.20 2.58 85 4.55
* 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 18460 18416 18523 18585 18754 18354 18248 18079
S&P CNX NIFTY 5615 5599 5636 5658 5716 5577 5540 5481
NIFTY NOV. FUT. 5622 5607 5644 5665 5723 5585 5548 5490
Stocks To Watch Out Today
Apollo Tyre, Canara Bank, Federal bank, Havells, HDFC Bank, HUL, ICICI Bank, JSW Steel, M&M, Pantaloon Retail, Sun
Pharma, Sun TV, Tata Power, Tech Mahindra, Titan, Ultratech Cemco, union bank, Wipro, yes Bank, ZEEL
BHEL, Cairn India, Crompton Greaves, GMR Infra, Idea, IGL, Indian Hotels, Indusind Bank, IOC, ITC, NTPC, PNB, Powergrid,
SAIl, SBI, Uniphos
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

NOTE:
TECHNICAL ANALYSIS ABBREVATIONS
SMA – Simple Moving Average
EMA – Exponential Moving Average
WMA – Weighted Moving Average
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