1. Daily Technical Outlook
7th August 2012
Indices * Close % Chg. Short term rally could unfold
BSE SENSEX 17412.96 1.25
S&P CNX NIFTY 5282.55 1.28 Mirroring the positive global market cues the domestic
NIFTY AUG. FUT. 5296.85 1.06 markets witnessed a gap up opening. Sustained buying
India VIX 16.22 0.62 support was witnessed, which also led to intermediate bouts
of short covering. However, the markets struggled to sustain
S&P CNX NIFTY Technical Levels above the 5300 level on back of profit taking and lack of
Level 1 Level 2 Level 3 follow up buying support due to weak European market cues.
Support 5250 5106 5047 However, buying support gained momentum towards the last
Resistance 5333 5379 5464 hour of trade. The markets ended the day with moderate
gains to close near the highs for the day. The top gainers for
Simple Moving Averages S&P CNX NIFTY the day were DLF, Bharti Airtel, HIndalco, Sesa Goa, HDFC,
50 Day SMA 5145.48 GAIL. BPCL, Coal India, PNB and Rel. Infra.
100 Day SMA 5145.80
Technically, the market breadth remained positive amidst
200 Day SMA 5107.47 ◄Critical
lower volumes, indicates tentativeness at higher levels
Market Breadth * BSE NSE on part of participants. The global market cues are
Advances 1676 926 positive. The domestic markets are likely to witness a
Declines 1162 562
positive opening. The prevailing technical positives
helped the markets move higher. The RSI is placed above
Same 121 74
its average. Moreover, the KST and MACD have also
Total 2959 1562
moved above their respective averages. The KST has
A/D Ratio 1.44 : 1 1.65 : 1
also moved in the positive. The Nifty remains placed
Volume (Lacs Shares) * above its 50-day SMA, 100-day SMA and 200-day SMA.
More so the Nifty’s 50-day SMA is placed above the
06/08/12 03/08/12 % Chg.
Nifty’s 200-day SMA and Nifty’s 50-day SMA is on verge
BSE 1734 1988 -12.78
of moving above the Nifty’s 100-day SMA. These
NSE 5016 5371 -6.62 positives would lead to further buying support. However,
Total 6750 7359 -8.28 a few technical negatives still hold good. The Stochastic
remains placed below its average and is also placed in
Turnover ( ` Crores) *
the over bought zone.. Moreover, the MACD is also
06/08/12 03/08/12 % Chg.
placed in the negative territory. These negative technical
BSE 1684.88 1905.55 -11.58 conditions would prompt intermediate bouts of profit
NSE 8639.24 8903.67 -2.97 taking at higher levels. The ADX line, the +DI line and the
NSE F&O 88279.51 100201.47 -11.90 –DI line are moving sideways, indicating a range bound
Total 98603.63 111010.69 -11.18 trend. The market sentiment has turned positive but
follow up buying support is needed to test the higher
F&O Contracts Traded (NSE) * range for Nifty, which is placed at 5333-5379 levels. In the
06/08/12 03/08/12 % Chg. meanwhile the markets would take cues from the Rupee,
Index Fut. 296977 423133 -29.81 global market cues and the crude prices. The support
Stock Fut. 380182 428451 -11.27 levels for Nifty are placed at 5250, 5106, 5047, 5000, 4950
Index Opt. 2451613 2791816 -12.19
and 4859. The Nifty faces resistance at the 5333, 5379 and
5464 levels.
Stock Opt. 174246 168780 3.24
Total 3303018 3812180 -8.78
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
BPCL Fut. 345.10 Sell Below 342 352 2.92 320 6.43
ABB 797.80 Buy Above 801 788 1.62 830 3.62
Bajaj Auto 1636.45 Buy Above 1644 1614 1.82 1710 4.01
Colgate 1195.60 Buy Above 1206 1184 1.82 1255 4.06
Reliance 786.05 Buy Above 790 772 2.28 830 5.06
* 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 17413 17393 17472 17531 17669 17333 17254 17116
S&P CNX NIFTY 5283 5279 5297 5311 5344 5265 5247 5214
NIFTY AUG. FUT. 5297 5295 5312 5327 5359 5280 5263 5231
Stocks To Watch Out Today
ABB, Ambuja Cement, Asian Paints, Axis Bank, Bajaj Auto, Bajaj Hind; Balrampur Chini, Bata, BHEL, Biocon, Bombay Dying,
Colgate, FT, GAIL, GSPL, HDFC, HDFC Bank, JSW Steel, L&T, MRF, OFSS, Powergrid, Reliance, Sun Pharma, Sun TV
Andhra Bank, BPCL, HPCL, IOC, Oil India
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. NOTE:
TECHNICAL ANALYSIS ABBREVATIONS
SMA – Simple Moving Average
EMA – Exponential Moving Average
WMA – Weighted Moving Average
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