1. Daily Technical Outlook
23rd November 2012
Indices * Close % Chg. Markets Tepid…
BSE SENSEX 18517.34 0.31
S&P CNX NIFTY 5627.75 0.23 Mirroring the positive global market cues the domestic
NIFTY NOV. FUT. 5640.45 0.33
markets witnessed a positive opening. However, the markets
struggled ahead of the parliament session ansd see-sawed
India VIX 14.91 -3.55
struggling to find a direction. However, the markets managed
S&P CNX NIFTY Technical Levels to bounce back in the afternoon session on back of selective
Level 1 Level 2 Level 3 buying support. The over all trend remained lackluster and
Support 5554 5447 5421 tepid. The markets ended the day with modest gains to close
Resistance 5665 5747 5816
near the highs for the day. The top gainers for the day were
Axis Bank, SBI, L&T, JP Associates, Grasim, Infosys Tech;
Simple Moving Averages S&P CNX NIFTY Ambuja Cement, Asian Paints, HCL Tech and Rel. Infra.
50 Day SMA 5647.43 ◄Negative
100 Day SMA 5461.51 Technically, the market breadth remained positive
200 Day SMA 5326.69
amidst lower volumes. The prevailing technical positives
helped the markets move higher. The Stochastic is still
Market Breadth * BSE NSE placed above its average. Moreover, the RSI and KST
Advances 1431 575 have moved above their respective averages. The Nifty
Declines 1366 506 remains placed above its 100-day SMA and 200-day SMA.
Same 146 49
More so the Nifty’s 50-day SMA remains placed above
Nifty’s 100-day SMA and 200-day SMA, the later being
Total 2943 1130
called the ‘Golden Cross breakout’. These positive
A/D Ratio 1.05 : 1 1.14 : 1
conditions would lead to regular bouts of short covering
Volume (Lacs Shares) * and buying support. However, the prevailing technical
22/11/12 21/11/12 % Chg.
negative conditions still hold good and would weigh on
market sentiment. The MACD is placed below its average
BSE 1817 1913 -5.02
and is also placed in the negative territory, which warns
NSE 5323 5668 -6.09
of impending selling pressure. The Nifty remains placed
Total 7140 7581 -5.82 below its 50-day SMA, which is a short-term negative.
Turnover ( ` Crores) * These negative conditions would lead to further selling
pressure. The ADX line, +DI line and –DI line are moving
22/11/12 21/11/12 % Chg.
sideways, indicating a range bound trend. The market
BSE 1931.18 1954.27 -1.18
sentiment remains negative. Now, it is important that the
NSE 8851.43 9352.97 -5.36 Nifty witnesses buying support at regular intervals for
NSE F&O 123399.03 130626.94 -5.53 the nifty to move and sustains above its 50-day SMA for
Total 134181.64 141934.18 -5.46 buying support to emerge. Long positions should be
avoided till Nifty crosses above its 50-day SMA. In the
F&O Contracts Traded (NSE) * meanwhile the markets would take cues from the
22/11/12 21/11/12 % Chg. ongoing parliament session, global markets, Rupee and
Index Fut. 279581 301095 -7.15 the crude prices. The support levels for Nifty are placed at
Stock Fut. 522730 478031 9.35 5554, 5447 and 5421. The Nifty faces resistance at 5665,
Index Opt. 3260479 3559697 -8.41 5747, 5816, 5885, 5910 and 5945 levels.
Stock Opt. 293382 287997 1.87
Total 4356172 4626820 -6.35
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
Apollo Tyre 83.10 Buy Above 84.60 82.60 2.36 89 5.20
Asian Paints 3974.00 Buy Above 3980.00 3920.00 1.51 4114 3.37
Axis Bank 1257.05 Buy Above 1262.00 1239.50 1.78 1312 3.96
* 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 18517 18514 18571 18625 18737 18460 18402 18291
S&P CNX NIFTY 5628 5626 5645 5662 5697 5609 5591 5556
NIFTY NOV. FUT. 5640 5637 5661 5681 5725 5617 5594 5550
Stocks To Watch Out Today
Apollo Tyre, Asian Paints, Axis Bank, Century Textiles, Glaxo, Grasim, Havells, HCL Tech; HDFC Bank, HUL, IDBI, Indian
Bank, Infosys Tech; ITC, JP Associates, JP Power, L&T, M&M, PFC, PTC, RCOM; REC, REl. Infra, RPower, Tata Power,
Tech Mahindra, Unitech, United Spirits, VIP, Wipro, ZEEL
BF Utilities, BGR Energy, BHEL, Cairn India, Dabur, FT, GE Shipping, GMDC, GMR Infra, HPCL, Hind. Zinc, Indian Hotels, Oil
India, Opto Circuit, pantaloon retail, Petronet, Powergrid, Siemens, Sintex, 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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