1. Daily Technical Outlook
16th August 2012
Indices * Close % Chg. Crude to dampen sentiment
BSE SENSEX 17728.20 0.54
S&P CNX NIFTY 5380.35 0.61 Mirroring the inconclusive global market cues, the domestic
NIFTY AUG. FUT. 5406.85 0.65 markets witnessed a flat opening. The overall trend remained
India VIX 15.64 -2.31 lackluster and range bound ahead of the inflation data.
However, buying momentum picked up in the afternoon
S&P CNX NIFTY Technical Levels session on back of lower inflation numbers, which also lead to
Level 1 Level 2 Level 3 short covering helping the Nifty move near its 5386 resistance
Support 5333 5250 5108 level. The markets ended the day with moderate gains to
Resistance 5386 5464 5500 close near the highs for the day. The top gainers for the day
were Tata Motors, Ranbaxy, IDFC, Tata Steel, Axis Bank,
Simple Moving Averages S&P CNX NIFTY ICICI Bank, Jindal Steel, JP Associates, Coal India and PNB.
50 Day SMA 5198.05
100 Day SMA 5149.04 Technically, the market breadth remained neutral amidst
200 Day SMA 5111.56 ◄Critical higher volumes. The global market cues are divergent.
The domestic markets are likely to witness a flat opening.
Market Breadth * BSE NSE The prevailing technical positives continue to hold good
Advances 1412 761 and are helping the markets move higher. The RSI, KST
Declines 1385 710 and MACD all are still placed above their respective
Same 136 90 averages. Moreover, the MACD and KST are placed in the
Total 2933 1561 positive territory, which augurs well for the markets. The
A/D Ratio 1.01 : 1 1.07 : 1
Nifty remains placed above its 50-day SMA, 100-day SMA
and 200-day SMA. More so the Nifty’s 50-day SMA
Volume (Lacs Shares) * remains placed above Nifty’s 100-day SMA and 200-day
14/08/12 13/08/12 % Chg. SMA, the later being called the ‘Golden Cross breakout’.
BSE 2082 1717 21.26
These positives would lead to buying support at regular
intervals. However, the Stochastic continues to remain
NSE 5576 5073 9.92
placed below its average, which would lead to selling
Total 7658 6790 12.79
pressure at higher levels. The +DI line is placed above
Turnover ( ` Crores) * the 32 level, indicating buyers are gaining strength. While
14/08/12 13/08/12 % Chg.
the ADX line and –DI line are moving sideways. The
market sentiment remains positive but tentative at higher
BSE 2154.42 1857.97 15.96
levels. Now, it is important that markets witness buying
NSE 9345.22 8884.72 5.18
support at higher levels for the Nifty to test the 5464
NSE F&O 108956.91 83544.43 30.42 resistance level. The volumes are likely to remain
Total 120456.55 94287.12 27.76 lackluster ahead of festive holidays during the course of
the next few trading sessions. The sharp rise in crude
F&O Contracts Traded (NSE) *
prices could become a sentiment dampener for the
14/08/12 13/08/12 % Chg.
markets and could stall the current uptrend. n the
Index Fut. 336621 249268 35.04 meanwhile the markets would take cues from the
Stock Fut. 456343 426188 7.08 monthly inflation data, Rupee, global market cues and
Index Opt. 3001805 2175474 37.98 the crude prices. The support levels for Nifty are placed at
Stock Opt. 274020 265602 3.17 5333, 5250, 5108, 5047, 5000 and 4950. The Nifty faces
Total 4068789 3116532 26.78 resistance at the 5386, 5464 and 5500 levels.
NOTE - * - Source – BSE & NSE
Sanjay Bhatia (AVP – Technical Research), Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in
Keynote Capitals Ltd.
th
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
Aban 410.55 Buy Above 413 404 2.18 432 4.60
Axis Bank 1107.20 Buy Above 1110 1091 1.71 1152 3.78
Bank of India 275.30 Buy Above 279 270 3.14 298 6.81
* 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 17728 17685 17797 17866 18047 17616 17504 17322
S&P CNX NIFTY 5380 5365 5402 5424 5482 5344 5307 5249
NIFTY AUG. FUT. 5407 5393 5431 5454 5516 5369 5332 5270
Stocks To Watch Out Today
Adani Enterprises, Allahabad Bank, Apollo Tyre, Arvind, Asian Paints, Axis Bank, Bajaj Auto, Bank of Baroda, Bank of India,
Canara Bank, Coal India, Dena Bank, Escorts, Exide, Fortis, GAIL, Grasim, GVK, HCL Tech; ICICI Bank, IDFC, IFCI, IGL,
Indian Hotels, Indusind Bank, Infosys Tech; Jindal Steel, JP Associates, JSW Steel, Kotak Bank, Karnataka Bank, L&T, M&M,
Rel. Capital, Reliance, Rel. Infra, Rel. Power, SAIL, Sesa Goa, Sintex, Syndicate Bank, Tata Chemicals, Tata Motors DVR,
Tata Steel, Titan, Voltas
Areva, BPCL, GE Shipping, GMR Infra, Hero Motocorp, HIndalco, HPCL, McLeod Russel, Sterlite Tech
Keynote Capitals Ltd.
th
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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