1.
Daily Technical Outlook
28th February 2013
Indices * Close % Chg. All eyes on FM
BSE SENSEX 19152.41 0.72
S&P CNX NIFTY 5796.90 0.62
Mirroring the inconclusive global market cues the domestic
markets witnessed a flat opening. Selling pressure continued
NIFTY FEB 13 FUT. 5797.90 0.54
as markets traded lower. However, the markets managed to
India VIX 16.23 -6.50
bounce back from lower levels on back of short covering and
S&P CNX NIFTY Technical Levels selective buying support. The markets came off the lows for
Level 1 Level 2 Level 3 the day and showed no signs of weakness. Stock specific
Support 5747 5571 5538
action was also witnessed. The markets ended the day with
modest gains to close near the highs for the day. The top
Resistance 5816 5885 5966
gainers for the day were JP Associates, M&M, DLF, Bharti
Simple Moving Averages S&P CNX NIFTY Airtel, L&T, IDFC, ONGC, Bajaj Auto, BHEL and Axis Bank.
50 Day SMA 5956.98 ◄Negative
Technically, the market breadth remained positive
100 Day SMA 5843.45 ◄Negative
amidst higher volumes, which augurs well for the
200 Day SMA 5542.56 markets. The prevailing positive technical conditions
Market Breadth * BSE NSE
helped the markets witness short covering and selective
buying support. These continue to hold good. The
Advances 1441 627
Stochastic has moved above it s average. More so the
Declines 1359 474
Stochastic and RSI are placed in the over sold zone. The
Same 130 37 Nifty remains placed above its 200-day SMA. The Nifty’s
Total 2930 1138 50-day SMA remains placed above Nifty’s 100-day SMA
A/D Ratio 1.06 : 1 1.32 : 1 and 200-day SMA, the later being called the ‘Golden
Cross breakout’. These positive conditions would lead to
Volume (Lacs Shares) * intermediate bouts of short covering and selective
27/02/13 26/02/13 % Chg. buying support at lower levels. However, the prevailing
BSE 2464 2250 9.51 negative technical conditions continue to hold good. The
NSE 7667 6355 20.65 KST, RSI and MACD all are still placed below their
Total 10131 8605 17.74 respective averages. The Nifty remains placed below its
50-day and 100-day SMA, which does not augur well for
Turnover ( ` Crores) * the markets. The negative divergence pattern formed on
27/02/13 26/02/13 % Chg. the Nifty still holds good and remains a sign of worry for
BSE 2106.87 1959.90 7.50 the markets. Moreover, the KST and MACD are placed in
NSE 11915.07 10469.34 13.81 the negative territory, which warns of impending selling
NSE F&O 199301.47 199541.55 -0.12 pressure. These negative technical conditions would
Total 213323.41 211970.79 0.64
lead to selling pressure, especially at higher levels. The
–DI line is placed above the +DI line and is also placed
F&O Contracts Traded (NSE) * above the 33 level but has come off its recent highs,
27/02/13 26/02/13 % Chg. indicating sellers are covering shorts at lower levels. The
Index Fut. 443275 607790 -27.07
market sentiment remains cautious ahead of the Union
Budget. We hold our view that upsides should be used to
Stock Fut. 1016377 886818 14.61
add to short positions until Nifty moves and closes
Index Opt. 4970709 4881773 1.82
above the 50-day SMA. In the meanwhile the markets
Stock Opt. 327531 350063 -6.44 would take cues from the Union Budget, global markets,
Total 6757892 6726444 0.99 Rupee and the crude prices. The support levels for Nifty are
NOTE - * - Source – BSE & NSE placed at 5747, 5571 and 5538. The Nifty faces resistance at
5816, 5885, 5966, 6158 and 6313 levels.
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
Stock Close Action Price Loss * (%) Target Target (%) Remarks
Aurobindo Pharma Fut 173.00 Sell Below 172.00 177.50 3.20 160 6.98
Cairn Fut 303.80 Sell Below 302.00 307.00 1.66 291 3.64
Century Textiles Fut 336.60 Sell Below 335.00 342.75 2.31 318 5.07
* 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 19152 19121 19244 19336 19551 19029 18906 18691
S&P CNX NIFTY 5797 5788 5827 5857 5925 5758 5720 5651
NIFTY FEB 13 FUT. 5798 5765 5782 5765 5765 5782 5765 5765
Stocks To Watch Out Today
Adani Enterprises, Crompton Greaves, FBI, GMR Infra, GSPL, Hind. Zinc, IDEA, IDFC, India Cement, Jet Airways, JP
Associates, JSW Steel, M&M, NTPC, OBC, PTC, Tata Steel, Titan, Union Bank
Aban, Aurobindo Pharma, Bajaj Holdings, Century Textiles, Coal India, Colgate, Delta Corp; Dena Bank, Divis Labs,
Educomp, FT, GAIL, Godrej Inds; Guj. Flourochem, Havells, HCC, HCL Tech; HDFC Bank, Hero Motocorp; Hindalco, HOECL,
IDBI, Jindal Saw, Jubilant Food, Kotak Bank, Orchid Chemicals, Pantaloon Retail, Powergrid, Ranbaxy, Raymond, Rel.
Capital, Siemens, Sun Pharma, Tata Motors, Tata Power, TVS Motors, Welcorp
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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