Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
Keynote technicals daily report for 281212
1. Daily Technical Outlook
28th December 2012
Indices * Close % Chg. Markets end expiry on lackluster note
BSE SENSEX 19323.80 -0.48
S&P CNX NIFTY 5870.10 -0.60
The domestic markets witnessed a positive opening.
However, sustained selling pressure and profit taking saw the
NIFTY JAN 13 FUT. 5930.30 0.28
markets come off the highs for the day. The over all trend
India VIX 13.74 -2.55
remained lackluster. The markets failed to show any
S&P CNX NIFTY Technical Levels resilience against sustained selling pressure. The markets
Level 1 Level 2 Level 3 ended the day with moderate losses to close near the lows
Support 5816 5747 5665
for the day. The top losers for the day were GAIL, Jindal
Steel, BHEL, Powergrid, JP Associates, M&M, Sun Pharma,
Resistance 5885 5945 6135
HCL Tech; IDFC and BPCL.
Simple Moving Averages S&P CNX NIFTY
Technically, the market breadth remained positive
50 Day SMA 5753.16 ◄Positive
amidst higher volumes. The prevailing technical
100 Day SMA 5606.88
negatives weighed on the market sentiment as markets
200 Day SMA 5379.67 failed to capitalize on Wednesdays gains. The negative
Market Breadth * BSE NSE
divergence pattern formed on the Nifty still holds good.
The Stochastic, KST, RSI and MACD are placed below
Advances 1228 360
their respective averages. These negative technical
Declines 1664 738
conditions would lead to further selling pressure.
Same 134 53 However, the prevailing technical positive conditions still
Total 3026 1151 hold good.. The MACD and KST are also placed in the
A/D Ratio 1.08 : 1 1.21 : 1 positive territory. The Nifty remains placed above its 50-
day SMA, 100-day SMA and 200-day SMA. The Nifty’s 50-
Volume (Lacs Shares) * day SMA remains placed above Nifty’s 100-day SMA and
27/12/12 26/12/12 % Chg. 200-day SMA, the later being called the ‘Golden Cross
BSE 2368 2058 15.06 breakout’. These positive conditions are likely to help the
NSE 9176 6130 49.68 markets take support at lower levels Though the +DI line
Total 11544 8188 40.98 is placed above the –DI line, the ADX line is moving
sideways indicating a range bound trend. The market
Turnover ( ` Crores) * sentiment remains cautious as the Nifty index continues
27/12/12 26/12/12 % Chg. to trade below the 5945 resistance level. Now, it is
BSE 2519.61 2410.67 4.52 important that the Nifty witnesses buying support for the
NSE 13808.16 9030.03 52.91 Nifty to test the 5945 level and move above it. If Nifty fails
NSE F&O 227769.68 185991.97 22.46 then further down slide is expected and Nifty could test
Total 244097.45 197432.67 23.64
the 5800-5750 level in the near future. Pull back rallies
should be used as an opportunity to create short
F&O Contracts Traded (NSE) * positions until the Nifty spot index closes above the 5950
27/12/12 26/12/12 % Chg. level. In the meanwhile the markets would take cues from
Index Fut. 498513 395277 26.12
the global markets, Rupee and the crude prices. The
1021652
support levels for Nifty are placed at 5816, 5747 and 5665.
Stock Fut. 1230003 20.39
The Nifty faces resistance at 5885, 5945, 6135 and 6313
Index Opt. 5525984 4520089 22.25
levels.
Stock Opt. 356178 291372 22.24
Total 7610678 6228390 22.19
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
Stock Close Action Price Loss * (%) Target Target (%) Remarks
Apollo Tyre Fut 86.40 Sell Below 85.50 87.55 2.40 81.00 5.26
Arvind 101.40 Buy Above 102.00 99.75 2.21 107.00 4.90
Axis Bank 1364.30 Buy Above 1366.00 1347.55 1.35 1407.00 3.00
* 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 19324 19377 19451 19579 19781 19249 19175 18972
S&P CNX NIFTY 5870 5889 5912 5955 6021 5846 5822 5756
NIFTY JAN 13 FUT. 5930 5944 5964 5997 6049 5911 5892 5839
Stocks To Watch Out Today
Arvind, Axis Bank, Bharti Airtel, Colgate, Cummins, Glaxo, Idea, IOC, JP Power, LIC hsg; NHPC, SBI, Tata Motors, Tech
Mahindra, Yes Bank
AB Nuvo, Adani Ports, Apollo Tyre, Asian Paints, Aurobindo Pharma, Bajaj Hind; BGR Energy, BPCL, Cairn, CESC, Chambal
Fert; Delta Corp; Dena Bank, Dish TV, GAIL, GE Shipping, Grasim, Havells, HCC, HCL Tech; hero Motocorp; Hexaware,
Hindalco, HUL, Hind. Zinc, IFCI, Indusind Bank, Infosys Tech; Jindal Steel, JSW Energy, Jubilant Food, M&M,
McLeod Russel, MRF, MRPL, MTNL, NCC, Polaris, Powergrid, PTC, Ranbaxy, REC, Rolta, Sterlite, Tata Comm; Tata Global
TTK Prestige, UCO Bank, Uniphos, Voltas, Welcorp, ZEEL
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
Disclaimer
This document is not for public distribution and has been furnished to you solely for your information and must not be
reproduced or redistributed to any other person. Persons into whose possession this document may come are
required to observe these restrictions.
This material is for the personal information of the authorized recipient, and we are not soliciting any action based
upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any
jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Keynote
Capitals Ltd. It does not constitute a personal recommendation or take into account the particular investment
objectives, financial situations, or needs of individual clients.
We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable
though its accuracy or completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected
with it, accepts any liability arising from the use of this document. The recipients of this material should rely on their
own investigations and take their own professional advice. Price and value of the investments referred to in this
material may go up or down. Past performance is not a guide for future performance. Certain transactions -including
those involving futures, options and other derivatives as well as non-investment grade securities - involve substantial
risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s
price movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not
match with a report on a company’s fundamentals.
Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to
update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or
other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking
statements are not predictions and may be subject to change without notice. Our proprietary trading and investment
businesses may make investment decisions that are inconsistent with the recommendations expressed herein.
We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short
positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other
transaction involving such securities and earn brokerage or other compensation or act as a market maker in the
financial instruments of the company (ies) discussed herein or act as advisor or lender / borrower to such company
(ies) or have other potential conflict of interest with respect to any recommendation and related information and
opinions.
The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal
views about the subject company or companies and its or their securities, and no part of his or her compensation
was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.
No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior
written consent.
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com