1. Daily Technical Outlook
31st August 2012
Indices * Close % Chg. Markets to remain range bound
BSE SENSEX 17541.64 0.29
S&P CNX NIFTY 5315.05 0.52 Mirroring the negative global market cues, the domestic
NIFTY SEPT. FUT. 5330.15 0.76 markets witnessed a subdue opening. Selling pressure was
India VIX 16.67 -0.41 witnessed in the morning trade. The over all trend remained
range bound and choppy due to the derivative segment
S&P CNX NIFTY Technical Levels expiry. Selective buying support and short covering was
Level 1 Level 2 Level 3 witnessed in the afternoon trade ahead of the expiry. The
Support 5250 5215 5118 markets ended the day with modest gains to close near the
Resistance 5333 5386 5464 lows for the day. The top losers for the day were DLF, IDFC,
Hindalco, JP Associates, Kotak Bank, HDFC, PNB, Cipla,
Simple Moving Averages S&P CNX NIFTY Powergrid and Bank of Baroda.
50 Day SMA 5255.73
100 Day SMA 5159.83 Technically, the market breadth remained neutral amidst
200 Day SMA 5119.86 ◄Critical higher volumes, which is a positive sign for the markets.
The global market cues are negative. The domestic
Market Breadth * BSE NSE markets are likely to witness a flat opening. The
Advances 1401 739 prevailing technical positive conditions led to short
Declines 1327 726 covering and a positive closing. The prevailing technical
Same 151 95 positives still hold good, which would lead to buying
Total 2879 1560 support at regular intervals. The Stochastic has moved
A/D Ratio 1.05 : 1 1.02 : 1
above its average and is also placed in the over sold
zone on the daily charts. Moreover, the MACD and KST
Volume (Lacs Shares) * are still placed in the positive territory, which augurs well
30/08/12 29/08/12 % Chg. for the markets. The Nifty remains placed above its 50-
BSE 2005 1825 9.86
day SMA, 100-day SMA and 200-day SMA. More so the
Nifty’s 50-day SMA remains placed above Nifty’s 100-day
NSE 8425 5904 42.69
SMA and 200-day SMA, the later being called the ‘Golden
Total 10430 7729 34.94
Cross breakout’. These positive conditions would lead to
Turnover ( ` Crores) * buying support and short covering at lower levels.
30/08/12 29/08/12 % Chg.
However, the prevailing technical negatives continue to
hold good and would weigh on the market sentiment The
BSE 2597.55 1838.90 41.26
ADX line, +DI line and –DI line are moving sideways
NSE 15011.04 9069.75 65.51
indicating a range bound trend. The market sentiment
NSE F&O 258919.86 170841.35 51.56 remains cautious. Now, it is important that markets
Total 276528.45 181750.00 52.15 witness buying support at regular intervals. In the
meanwhile the markets would take cues from the GDP
F&O Contracts Traded (NSE) *
data, Rupee, global market cues and the crude prices.
% Chg.
30/08/12 29/08/12
The support levels for Nifty are placed at 5250, 5215, 5118
Index Fut. 810761 535643 51.36 and 5047. The Nifty faces resistance at the 5333, 5386,
Stock Fut. 1216633 925968 31.39 5464, 5500, 5565 and 5607 levels.
Index Opt. 7470240 4689365 59.30
Stock Opt. 312997 259006 20.85
Total 9810631 6409982 44.23
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
TGT of 705
Achieved
given Sell @
729 on
ABB Fut 716.50 Sell Below 714.00 725 1.54 690 3.36 29/08/12
Adani Ports 114.50 Buy Above 115.50 113 2.16 121 4.76
Colgate 1208.60 Buy Above 1212.00 1188 1.98 1265 4.37
* 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 17542 17505 17642 17743 17981 17404 17267 17029
S&P CNX NIFTY 5315 5304 5354 5392 5480 5266 5217 5129
NIFTY SEPT. FUT. 5330 5319 5348 5366 5413 5301 5272 5225
Stocks To Watch Out Today
ABB, Apollo Tyre, Allahabad Bk; Andhra Bk; Axis Bk; Bajaj Hind; BoI, Crompton Greaves, Fortis, GAIL, Godrej Inds; Grasim,
GVK, HDIL, Hero Motocorp, Indusind Bk, LIC Hsg, Maruti, ONGC, REC, Rel, Infra, RPower, Sterlite, Sun Pharma, Tata Steel,
Tech Mahindra, TTK Prestige, vijaya Bank, Yes Bank
Aban, Adani Ports, Cipla, Coal India, Colgate, GMDC, HDFC, HUL, Idea, IDFC, ITC, Jindal Saw, Jubilant Foods, Kotak Bank
Lupin, Mphasis, NHPC, Powergrid, Siemens, Sun TV, Syndicatge Bk; Tata Comm; Tata Global, Tata Motors DVR, Tata Power
TCS, Uniphos, United Spirits, Videocon, VIP, Wipro
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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