1. Daily Technical Outlook
17th July 2012
Indices * Close % Chg.
BSE SENSEX 17103.31 -0.64
Markets lack strength
S&P CNX NIFTY 5197.25 -0.57
The domestic markets witnessed a positive opening but soon
NIFTY JULY FUT. 5206.85 -0.64
moved lower on back of selling pressure. The over all trend
India VIX 18.77 2.79 remained range bound. Buying momentum increased in the
S&P CNX NIFTY Technical Levels afternoon trade on back of lower inflation numbers raising
expectations of RBI cutting rates in its forthcoming meeting.
Level 1 Level 2 Level 3
However, lack of follow up buying support at higher levels
Support 5114 5093 4950
and sustained selling pressure saw the markets come off the
Resistance 5250 5333 5379 highs for the day to trade in the negative. The markets ended
Moving Averages S&P CNX NIFTY the day with modest losses to close near the lows for the day.
50 Day SMA 5065.86
The top losers for the day were BHEL, TCS, Jindal Steel,
ACC, ITC, HUL, Powergrid, Hero Motocorp and Sun Pharma.
100 Day SMA 5170.49
200 Day SMA 5093.07 ◄Critical Technically, the market breadth remained negative
amidst lower volumes. The Asian market cues are
Market Breadth * BSE NSE
divergent ahead of Ben Bernake’s testimony on US
Advances 1160 542
economy. The domestic markets are likely to witness a
Declines 1661 938 flat to positive opening. The prevailing technical
Same 112 68 negatives continued to weigh on the market sentiment.
Total 2933 1548 The MACD has slipped below its average. Moreover, the
A/D Ratio 0.70 : 1 0.58 : 1 Stochastic, RSI and KST are already placed below their
respective averages. Further, the Nifty’s 50-day SMA
Volume (Lacs Shares) * remains placed below its 100-day SMA and 200-day SMA.
16/07/12 13/07/12 % Chg. These negative technical conditions would continue to
BSE 1863 2044 -8.86 prompt selling pressure on the bourses. However, a few
NSE 5175 5844 -11.45 technical positives still hold good. The Stochastic is
Total 7038 7888 -10.78 placed in the over sold zone and would lead to short
covering at lower levels. The MACD and KST remain
Turnover ( ` Crores) * placed in the positive territory. The Nifty also remains
16/07/12 13/07/12 % Chg. placed above the 50-day SMA, 100-day SMA and 200-day
BSE 1838.06 1934.89 -5.00 SMA. These positive technical conditions would lead to
NSE 7977.60 8869.08 -10.05
buying support at lower levels. The ADX line, -DI line and
+DI line are moving sideways, indicating a range bound
NSE F&O 107635.73 98928.62 8.80
market. The market sentiment remains cautious ahead of
Total 117451.39 109732.59 7.03
the Presidential polls to be held on July 19. Now it is
F&O Contracts Traded (NSE) * important that the Nifty moves and closes above the 5250
16/07/12 13/07/12 % Chg.
level otherwise increased selling pressure is likely to be
witnessed and Nifty could test its 200-day SMA placed
Index Fut. 356600 330421 7.92
around 5093 level. The markets would witness
Stock Fut. 408993 406847 0.53
intermediate bouts of volatility. In the meanwhile the
Index Opt. 3070933 2696449 13.89 markets would take cues from the earnings season,
Stock Opt. 223225 263550 -15.30 Rupee, global markets and the crude prices. The support
Total 4059751 3697267 9.04 levels for Nifty are placed at 5114, 5093 and 4950. The Nifty
NOTE - * - Source – BSE & NSE
faces resistance at the 5250, 5333, 5379, 5464 and 5500
levels.
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
Bajaj Auto Fut 1487 Sell Below 1480.00 1505.00 1.69 1425 3.72
Bombay Dying Fut 525 Sell Below 522.00 532.00 1.92 500 4.21
Godrej Inds. 258 Buy Above 260.50 255.50 1.92 271 4.03
* 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 17103 17155 17231 17358 17560 17028 16952 16750
S&P CNX NIFTY 5197 5212 5233 5268 5324 5176 5155 5099
NIFTY JULY FUT. 5207 5214 5254 5300 5386 5168 5128 5042
Stocks To Watch Out Today
Bajaj Hind, Bharti Airtel, Cipla, Divis Labs, Dr. Reddys, Idea, Lupin, ONGC
Aban, Adani Ports, Bata, Century Textiles, Coal India, Dabur, DLF, Escorts, Hindalco, HOECL, Infosys Tech; IVRCL, LIC Hsg;
L&T, NHPC, Opto Circuit, Poalris, Rel. Capital, Rel. Infra, Sesa Goa, Siemens, Sterlite, Syndicate Bank, Tata Coffee, Tata
Comm; Tata Motors, Tata Steel, TCS
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

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