1. Daily Technical Outlook
2nd August 2012
Indices * Close % Chg.
BSE SENSEX 17257.38 0.12
5250 remains the stumbling block
S&P CNX NIFTY 5240.50 0.22
Mirroring the divergent global market cues the domestic
NIFTY AUG. FUT. 5256.30 0.30
markets witnessed a flat opening. The over all trend
India VIX 16.45 2.74 remained range bound as markets struggled to test the 5250
S&P CNX NIFTY Technical Levels resistance level. Intermediate bouts of selling pressure were
witnessed at higher levels as follow up buying support
Level 1 Level 2 Level 3
remained unimpressive. The markets ended the day with
Support 5105 5047 4950
marginal gains to close near the highs for the day. The top
Resistance 5250 5333 5379 gainers for the day were DLF, Bharti Airtel, Hindalco, Sesa
Simple Moving Averages S&P CNX NIFTY Goa, HDFC, GAIL, BPCL, Coal India, PNB and Rel. Infra.
50 Day SMA 5127.51
Technically, the market breadth remained positive amidst
100 Day SMA 5151.27 lower volumes. The global market cues are divergent on
200 Day SMA 5105.18 ◄Critical back of the US Federal Reserve failing to announce any
new economic measures and also ahead of the ECB and
Market Breadth * BSE NSE
Bank of England meet today. The domestic markets are
Advances 1723 966
likely to witness a flat opening. The prevailing technical
Declines 1105 506 positives still hold good. The RSI, KST and Stochastic
Same 128 72 remain placed above their respective averages.
Total 2956 1544 Moreover, the KST is placed in the positive territory. The
A/D Ratio 1.55 : 1 1.91 : 1 Nifty remains placed above its 50-day SMA, 100-day SMA
and 200-day SMA. More so the Nifty’s 50-day SMA is
Volume (Lacs Shares) * placed above the Nifty’s 200-day SMA. These positives
01/08/12 31/07/12 % Chg. would lead to intermediate bouts of buying support.
BSE 1924 1946 -1.13 However, the prevailing technical negatives continue to
NSE 5509 6147 -10.37 hold good. The Stochastic is placed in the over bought
Total 7433 8093 -8.15 zone. The MACD remains placed below its average and is
also placed in the negative territory. The Nifty’s 50-day
Turnover ( ` Crores) * SMA remains placed below its 100-day SMA. These
01/08/12 31/07/12 % Chg. negative technical conditions would prompt profit taking
BSE 1917.98 2037.53 -5.87 and selling pressure at higher levels. The ADX line, the
NSE 9000.04 10839.41 -16.97
+DI line and the –DI line are moving sideways, indicating
a range bound and sideways trend. The market
NSE F&O 81501.19 113706.57 -28.32
sentiment remains tentative as Nifty is struggling around
Total 92419.21 126583.51 -26.99
the 5250 resistance level. Now it is important that the
F&O Contracts Traded (NSE) * markets witness follow up buying support at higher
01/08/12 31/07/12 % Chg.
levels for the Nifty to move higher. In the meanwhile the
markets would take cues from the Rupee, global market
Index Fut. 297692 517289 -42.45
cues, outcome of the Federal meet, news flow from ECB
Stock Fut. 407252 527248 -22.76
and the crude prices. The support levels for Nifty are placed
Index Opt. 2235429 3069124 -27.16 at 5105, 5047, 5000, 4950 and 4859. The Nifty faces
Stock Opt. 152877 231884 -34.07 resistance at the 5250, 5333, 5379 and 5464 levels.
Total 3093250 4345545 -21.00
NOTE - * - Source – BSE & NSE
Sanjay Bhatia (AVP – Technical Research), Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in
Keynote Capitals Ltd.
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The Ruby, 9 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 187
Achieved
given Buy @
181 on
Ambuja Cement 186.00 Buy Above 187 184.25 1.47 193 3.21 27/07/12
Aurobindo Pharma 113.40 Buy Above 114 111.25 2.41 120 5.26
FT 737.35 Buy Above 741 714.00 3.64 800 7.96
HDFC 699.85 Buy Above 702 691.50 1.50 725 3.28
Hero Motorcorp Fut 1936.40 Sell Below 1935.00 1975.00 2.07 1850 4.39
* 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 17257 17246 17303 17349 17452 17200 17143 17041
S&P CNX NIFTY 5241 5233 5254 5267 5301 5220 5199 5166
NIFTY AUG. FUT. 5256 5251 5272 5289 5326 5235 5213 5175
Keynote Capitals Ltd.
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The Ruby, 9 Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

3. Stocks To Watch Out Today
Aban, Ambuja Cements, APIL, Aurobindo Pharma, Bajaj Holdings, Cairn India, CESC, Cummins, Dabur, Dish TV, Essar Oil,
Grasim, HDFC, HUL, IDFC, Indian Hotels, Jet Airways, JSW Steel, Kotak Bank, LIC Hsg; NALCO, Piramal Healthcare,
Raymond, REC, Rel. Capital, Reliance, Rel. Infra, SCI, Sun Pharma, Sun TV, Tata Chemicals, Tata Motors, TTK Prestige
Bharti Airtel, Hero Motocorp, NHPC
NOTE:
TECHNICAL ANALYSIS ABBREVATIONS
SMA – Simple Moving Average
EMA – Exponential Moving Average
WMA – Weighted Moving Average
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