1. Daily Technical Outlook
31st December 2012
Indices * Close % Chg. Nifty closes above 5900 amidst low volumes
BSE SENSEX 19444.84 0.63
S&P CNX NIFTY 5908.35 0.65
Mirroring the positive Asian market cues the domestic
markets witnessed a positive opening. The markets moved
NIFTY JAN 13 FUT. 5954.55 0.41
further higher on back of follow up buying support leading to
India VIX 13.63 -0.80
short covering. However, profit taking and selling pressure
S&P CNX NIFTY Technical Levels was witnessed above the 5900 level due to which markets
Level 1 Level 2 Level 3 came off the highs for the day. However, the markets
Support 5885 5816 5747
managed to bounce back in the last hour of trade helping the
Nifty close above the 5900 level. The markets ended the day
Resistance 5945 6135 6313
with moderate gains to close near the highs for the day. The
Simple Moving Averages S&P CNX NIFTY top gainers for the day were Reliance, ONGC, BPCL, Wipro,
50 Day SMA 5757.58 ◄Positive Infosys Tech, TCS, IDFC, Cairn and Hero Motocorp.
100 Day SMA 5613.56
Technically, the market breadth remained positive
200 Day SMA 5382.42 amidst lower volumes. The prevailing technical positive
Market Breadth * BSE NSE
conditions helped the markets take support at lower
levels and also move higher. The Stochastic has moved
Advances 1514 596
above its average. Moreover, the MACD and KST are also
Declines 1371 528
placed in the positive territory. The Nifty remains placed
Same 134 64 above its 50-day SMA, 100-day SMA and 200-day SMA.
Total 3019 1188 The Nifty’s 50-day SMA remains placed above Nifty’s
A/D Ratio 1.10 : 1 1.13 : 1 100-day SMA and 200-day SMA, the later being called the
‘Golden Cross breakout’. These positive conditions are
Volume (Lacs Shares) * likely to help the markets move higher to test the crucial
28/12/12 27/12/12 % Chg. 5945 resistance level. However, the prevailing technical
BSE 2431 2368 2.66 negatives are likely to weigh on the market sentiment at
NSE 6765 9176 -26.28 higher levels. The negative divergence pattern formed on
Total 9196 11544 -20.34 the Nifty still holds good. The KST, RSI and MACD all are
still placed below their respective averages. These
Turnover ( ` Crores) * negative technical conditions would lead to selling
28/12/12 27/12/12 % Chg. pressure at regular intervals, especially at higher levels.
BSE 2203.79 2519.61 -12.53 Though the +DI line is placed above the –DI line, the ADX
NSE 9705.87 13808.16 -29.71 line is moving sideways indicating a range bound trend.
NSE F&O 73213.89 227769.68 -67.86 The market sentiment remains cautious as the Nifty
Total 85123.55 244097.45 -65.13
index continues to trade below the 5945 resistance level.
Now, it is important that the Nifty witnesses buying
F&O Contracts Traded (NSE) * support for the Nifty to test the 5945 level and move
28/12/12 27/12/12 % Chg. above it. If Nifty fails then further down slide is expected
Index Fut. 178342 498513 -64.23
and Nifty could test the 5800-5750 level in the near
future. Pull back rallies should be used as an opportunity
Stock Fut. 335766 1230003 -72.70
to create short positions until the Nifty spot index closes
Index Opt. 1731177 5525984 -68.67
above the 5950 level. In the meanwhile the markets
Stock Opt. 167886 356178 -52.86 would take cues from the global markets, Rupee and the
Total 2413171 7610678 -52.34 crude prices. The support levels for Nifty are placed at 5885,
NOTE - * - Source – BSE & NSE 5816, 5747 and 5665. The Nifty faces resistance at 5945,
6135 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
Bharat Forge Fut 255.50 Sell Below 255.00 259.50 1.76 245.00 3.92
Andhra Bank 117.45 Buy Above 118.00 115.90 1.78 122.60 3.90
CESC 316.95 Buy Above 318.00 312.50 1.73 330.00 3.77
* 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 19445 19419 19492 19539 19658 19372 19299 19180
S&P CNX NIFTY 5908 5901 5923 5937 5974 5887 5865 5829
NIFTY JAN 13 FUT. 5955 5938 5946 5938 5938 5946 5938 5938
Stocks To Watch Out Today
Andhra Bank, Bata, Bharti Airtel, Bhushan Steel, BPCL, Canara Bank, CESC, Colgate, Cummins, Federal Bank, Godrej Inds;
HPCL, IOC, LIC Hsg; NHPC, NMDC, Oil India, ONGC, Pantaloon Retail, SAIL, Sobha, Suzlon Energy, Syndicate Bank
Bajaj Hind; Bharat Forge, Delta Corp; HOECL, IFCI, JSW Ispat, M&M, MRPL, OnMobile, Patel Engg; Powergrid, Rolta, Ruchi
Soya, Sun Pharma, Sun TV, Tata Steel, TTK Prestige, 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
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