1. Daily Technical Outlook
24th July 2012
Indices * Close % Chg.
BSE SENSEX 16877.35 -1.64
Nifty could test its 200-day SMA
S&P CNX NIFTY 5117.95 -1.67
Mirroring the negative global market cues the domestic
NIFTY JULY FUT. 5120.40 -1.84
markets witnessed a gap down opening. Sustained selling
India VIX 18.66 10.47 pressure was witnessed as markets traded with losses. The
S&P CNX NIFTY Technical Levels Indian markets extended their losses in the afternoon session
on back of weak European markets opening. The markets
Level 1 Level 2 Level 3
failed to show any signs of resilience against selling pressure
Support 5114 5101 4950
as buying support remained elusive. Tee markets ended the
Resistance 5250 5333 5379 day with large losses to close near the lows for the day,
Simple Moving Averages S&P CNX NIFTY inching closer to its 200-day SMA. The top losers for the day
50 Day SMA 5089.81
were BHEL, TCS, ACC, Jindal Steel, HUL, ITC, NTPC,
Powergrid, Sun Pharma and Hero Motorcorp.
100 Day SMA 5162.13
200 Day SMA 5101.28 ◄Critical Technically, the market breadth remained negative
amidst higher volumes, which is a negative sign for the
Market Breadth * BSE NSE
markets. The global market cues are negative. The
Advances 990 360
domestic markets are likely to witness a flat opening. The
Declines 1794 1132 prevailing technical negatives continued to weigh on
Same 108 58 market sentiment. The Stochastic, MACD, RSI and KST
Total 2892 1550 all remain placed below their respective averages.
A/D Ratio 0.55 : 1 0.32 : 1 Further, the MACD and KST have slipped in the negative
and warn of impending selling pressure. The Nifty’s 50-
Volume (Lacs Shares) * day SMA remains placed below its 100-day SMA and 200-
23/07/12 20/07/12 % Chg. day SMA. Moreover, the Nifty slips below its 100-day
BSE 2169 1575 37.71 SMA. These negative technical conditions would
NSE 4788 4774 0.28 continue to prompt selling pressure at regular intervals.
Total 6957 6349 9.57 The only silver lining for the market remains the Nifty
being placed above its 50-day SMA and 200-day SMA but
Turnover ( ` Crores) * these are likely to be breached in the near future. The
23/07/12 20/07/12 % Chg. ADX line and -DI line are moving higher, while the +DI
BSE 1636.47 1727.85 -5.29 line is moving lower. The market sentiment remains
NSE 7783.35 8440.64 -7.79
negative as the markets continue to lack strength as
buying support remains absent. Now it is important that
NSE F&O 152550.62 118784.33 28.43
the Nifty does not breach its 200-day SMA on a closing
Total 161970.44 128952.82 25.60
basis otherwise increased selling pressure is likely to be
F&O Contracts Traded (NSE) * witnessed. The markets would witness intermediate
23/07/12 20/07/12 % Chg.
bouts of volatility. In the meanwhile the markets would
take cues from the earnings season, Rupee, global
Index Fut. 469297 340862 37.68
markets and the crude prices. The support levels for Nifty
Stock Fut. 750963 572393 31.20
are placed at 5114, 5101 and 4950. The Nifty faces
Index Opt. 4353317 3356972 29.68 resistance at the 5250, 5333, 5379, 5464 and 5500 levels.
Stock Opt. 254592 224074 13.62
Total 5828169 4494301 22.85
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
Allahabad Bk. Fut 134.25 Sell Below 134.00 134.00 0.00 128 4.48
Crompton Greav. Fut 117.65 Sell Below 117.50 121.00 2.98 110 6.38
Balrampur Chini 59.60 Buy Above 60.00 56.75 5.42 67 11.67
Bata 911.25 Buy Above 915.00 899.00 1.75 950 3.83
* 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 16877 16925 17000 17123 17322 16802 16726 16528
S&P CNX NIFTY 5118 5130 5152 5186 5242 5096 5074 5018
NIFTY JULY FUT. 5120 5135 5159 5198 5260 5097 5073 5010
Stocks To Watch Out Today
Bajaj Hind; Balrampur Chini, Bata, Colgate, McLeod Russel, Oil India, Opto Circuit, ZEEL
Aban, ABB, Allahabad Bank, Andhra Bank, BF Utilities, BGR Energy, Bharti Airtel, BPCL, Canara Bank, CESC, GAIL, HDFC,
HDFC Bank, HDIL, Hindalco, HOECL, HUL, ICICI Bank, IDBI Bank, IDFC, IFCI, IRB, ITC, JP Assoc; Kotak Bank, LIC Hsg;
Maruti, NTPC, Pantaloon Retail, PFC, Powergrid, Sterlite, Tata Steel, Yes Bank
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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