1. Daily Technical Outlook
20th July 2011
Indices Close % Chg. The domestic markets witnessed a flat opening on back of
BSE SENSEX 18653.87 0.79 negative global market cues. The overall trend continued to
S&P CNX NIFTY 5613.55 0.84 remained range bound and lackluster. Buying momentum
NIFTY JULY FUT. 5624.30 0.92 picked up in the afternoon trade on back of positive cues from
India VIX 19.25 -4.70
European markets. The buying support also triggered short
covering helping the markets move higher above the 5600
S&P CNX NIFTY Technical Levels level. Though, profit taking and selling pressure was visible
Level 1 Level 2 Level 3
the markets managed to hold on to the gains. The markets
ended the day with modest gains to close near the highs for
Support 5600 5500 5364
the days. The top gainers for the day were Kotak Bank, DLF,
Resistance 5727 5885 5911
Cairn India, Sterlite, Tata Power, Bharti Airtel, Rel.
Communication, Sun Pharma, ICICI Bank and ITC.
Volume (Lacs Shares)
19/07/11 18/07/11 % Chg. Technically, the market breadth remained positive amidst
BSE 3411 4066 -16.11 higher volumes, which is a positive sign for the markets.
NSE 5215 4217 23.65 The global market set of cues are positive. The domestic
Total 8626 8283 4.14 markets are likely to witness a gap up opening. The
Source – BSE & NSE Stochastic remains placed comfortably above its
averages, which would lead to regular bouts of buying
Turnover ( ` Crores)
support. Moreso, RSI and KST have moved above their
19/07/11 18/07/11 % Chg.
respective signal and trigger lines on the daily charts,
BSE 2863.12 2642.91 8.33 which is a positive sign and would help in garnering
NSE 9900.08 8276.66 19.61 follow up buying support at higher levels, which should
NSE F&O 118324.49 82265.22 43.83 help the Nifty in testing its 200-day SMA. However, the
Total 131087.69 93184.79 40.67 prevailing negatives continue to hold good and would
Source – BSE & NSE lead to selling pressure at regular intervals. Nifty
Market Breadth (NSE)
continues to trade below its 200-day SMA. Moreover, the
50-day SMA remains placed below the 100-day SMA. The
Advances 900
MACD is placed below its average on the daily charts,
Declines 545
which would lead to selling pressure at higher levels. The
Same 68 +DI line, ADX line and -DI line are moving sideways
Total 1513 indicating range bound trend. The market sentiment
A/D Ratio 1.65 : 1 remain tentative but is likely to display occasional bouts
Source – NSE of volatility and choppiness. In the meanwhile the
Moving Averages S&P CNX NIFTY markets would take cues from the forthcoming earnings
50 Day SMA 5506.66
season, news flow on the progress of monsoon, crude
◄Negative prices and the global markets. The support levels for Nifty
100 Day SMA 5570.88
are placed at 5600, 5500, 5364 and 5262. The Nifty faces
200 Day SMA 5726.33 ◄Negative
resistance at the 5727, 5885 and 5911 levels.
Intra-day Resistance Intra-day Support
Indices Close Pivot Point R1 R2 R3 S1 S2 S3
BSE SENSEX 18654 18609 18736 18817 19026 18527 18400 18192
S&P CNX NIFTY 5614 5599 5642 5670 5740 5571 5529 5459
NIFTY JULY FUT. 5624 5616 5670 5716 5817 5570 5516 5415
Sanjay Bhatia (AVP – Technicals), Email Id sanjay@keynotecapitals.net Yahoo Chat Id: keytechnicals@yahoo.in
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

2. Short Term Trading Ideas Based On Technical Analysis (5 - 7 Days)
Stop
Initiation Stop Loss Target
Stock CMP Action Price Loss * (%) Target (%) Remarks
Adani Enterpr. 729.80 Buy Above 735 735 0.00 768 4.49
BGR Energy 478.35 Buy Above 485 485 0.00 515 6.19
Biocon 378.75 Buy Above 382 382 0.00 400 4.71
DLF 239.85 Buy Above 242 242 0.00 264 9.09
Godrej Inds 231.60 Buy Above 233 233 0.00 248 6.44
* Stop Losses are to be considered on Closing basis.
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

3. 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.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com