1. Daily Technical Outlook
20th July 2012
Indices * Close % Chg.
BSE SENSEX 17278.85 0.55
5250 remains a stumbling block
S&P CNX NIFTY 5242.70 0.51
Mirroring the positive global market cues the domestic
NIFTY JULY FUT. 5257.00 0.64
markets witnessed a gap up opening. However, the over all
India VIX 16.38 -6.07 trend continued to remain range bound and sluggish as Nifty
S&P CNX NIFTY Technical Levels struggled to sustain above the 5250 resistance level.
However, increased buying support was witnessed in the last
Level 1 Level 2 Level 3
hour of trade helping the markets move higher. The markets
Support 5114 5097 4950
ended the day with moderate gains to close near the lows for
Resistance 5250 5333 5379 the day. The top gainers for the day were DLF, Bharti Airtel,
Simple Moving Averages S&P CNX NIFTY Hindalco, GAIL, PNB, HDFC, Sesa Goa, Rel. Infra, BPCL
50 Day SMA 5080.08
and Coal India.
100 Day SMA 5166.15 Technically, the market breadth remained positive amidst
200 Day SMA 5097.28 ◄Critical higher volumes. The global market cues are largely
positive. The domestic markets are likely to witness a flat
Market Breadth * BSE NSE
opening. The markets moved higher but struggled to
Advances 1514 799
sustain above the 5250 level. The positive technical
Declines 1299 678 conditions are helping the markets move higher but 5250
Same 136 82 remains a struggling block. The MACD and KST are still
Total 2949 1559 placed in the positive territory. The Nifty also remains
A/D Ratio 1.17 : 1 1.18 : 1 placed above the 50-day SMA, 100-day SMA and 200-day
SMA. These positive technical conditions would lead to
Volume (Lacs Shares) * buying support at regular intervals. However, the
19/07/12 18/07/12 % Chg. prevailing technical negatives continue to hold good and
BSE 1810 2627 -31.10 would weigh on market sentiment. The MACD, RSI and
NSE 5275 5397 -2.25 KST all remain placed below their respective averages.
Total 7085 8024 -11.70 Further, the Nifty’s 50-day SMA remains placed below its
100-day SMA and 200-day SMA. These negative technical
Turnover ( ` Crores) * conditions would continue to prompt selling pressure at
19/07/12 18/07/12 % Chg. higher levels. The ADX line, -DI line and +DI line are
BSE 1926.30 2293.27 -16.00 moving sideways, indicating a range bound market. The
NSE 9582.45 8856.50 8.20
markets continue to lack strength as buying support
remains absent at higher levels. The market sentiment
NSE F&O 111956.52 114457.21 -2.18
remains cautious. Now it is important that the Nifty
Total 123465.27 125606.98 -1.71
moves and sustains above the 5250 resistance level
F&O Contracts Traded (NSE) * otherwise increased selling pressure is likely to be
19/07/12 18/07/12 % Chg.
witnessed and Nifty could test its 200-day SMA placed
around 5097 level. The markets would witness
Index Fut. 325024 359300 -9.54
intermediate bouts of volatility. In the meanwhile the
Stock Fut. 587802 534369 10.00
markets would take cues from the earnings season,
Index Opt. 3057908 3246750 -5.82 Rupee, global markets and the crude prices. The support
Stock Opt. 265279 237766 11.57 levels for Nifty are placed at 5114, 5097 and 4950. The Nifty
Total 4236013 4378185 -3.68 faces resistance at the 5250, 5333, 5379, 5464 and 5500
NOTE - * - Source – BSE & NSE
levels.
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
Axis Bank 1057.05 Buy Above 1061 1039 2.07 1110 4.62
Bajaj Auto 1547.80 Buy Above 1550 1520 1.94 1616 4.26
BHEL 234.85 Buy Above 240 231 3.75 260 8.33
* 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 17279 17281 17317 17355 17429 17243 17207 17133
S&P CNX NIFTY 5243 5245 5256 5269 5294 5231 5220 5195
NIFTY JULY FUT. 5257 5256 5269 5282 5308 5244 5230 5204
Stocks To Watch Out Today
Adani Ports, Asian Paints, BoB, Canara Bank, Exide, Maruti, Oriental Bank, NTPC, PFC, PNB, SBI, Tata Chem, Union Bank
Axis bank, Bajaj Auto, Bata, BPCL, Cairn, Dish TV, Divis Labs, Havells, HDFC, ICICI Bank, ITC, Jain Irrigation, JSW Steel,
McLeod Russel, Sesa Goa, Sterlite, Tata Global, Titan, TTK Prestige, Ultratech
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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