1. Daily Technical Outlook
30th July 2012
Indices * Close % Chg.
BSE SENSEX 16839.19 1.20
Markets Lack Strength
S&P CNX NIFTY 5099.85 1.13
Mirroring the positive global market cues the domestic
NIFTY AUG. FUT. 5123.55 0.83
markets witnessed a firm opening. Sustained buying support
India VIX 16.44 0.42 was witnessed in the morning session, which also led to short
S&P CNX NIFTY Technical Levels covering. However profit taking and selling pressure was
witnessed in the afternoon trade and markets came off the
Level 1 Level 2 Level 3
highs for the day to trade below the 5100 level. However,
Support 5047 4950 4859
markets managed to claw back from the lows for the day. The
Resistance 5104 5250 5333 markets ended the day with moderate gains to close near the
Simple Moving Averages S&P CNX NIFTY lows for the day, sustaining above its 200-day SMA. The top
50 Day SMA 5106.17
gainers for the day were DLF, Bharti Airtel, Hindalco, GAIL,
PNB, HDFC, Sesa Goa, Rel. Infra, BPCL and Coal India.
100 Day SMA 5153.72
200 Day SMA 5103.48 ◄Critical Technically, the market breadth remained negative
amidst lower volumes. The global market cues are
Market Breadth * BSE NSE
positive. The domestic markets are likely to witness a
Advances 1060 492
firm opening. The Stochastic being placed in the over
Declines 1703 989 sold zone led to the pull back rally. The prevailing
Same 129 70 technical positives still hold good. The Stochastic has
Total 2892 1551 moved above its average but is still placed in the over
A/D Ratio 0.62 : 1 0.50 : 1 sold zone. Moreover, the Nifty’s 50-day SMA has moved
above Nifty’s 200-day SMA. These positives would lead
Volume (Lacs Shares) * to intermediate bouts of short covering and selective
27/07/12 26/07/12 % Chg. buying support. However, the prevailing technical
BSE 2208 2141 3.13 negatives continue to hold good. The Nifty remains
NSE 5576 9265 -39.81 placed below its 50-day, 100-day and 200-day SMA. The
Total 7784 11406 -31.75 MACD, RSI and KST all remain placed below their
respective averages. Further, the MACD and KST are
Turnover ( ` Crores) * placed in the negative territory and warn of impending
27/07/12 26/07/12 % Chg. selling pressure. The Nifty’s 50-day SMA remains placed
BSE 2513.42 2174.96 15.56 below its 100-day SMA. These negative technical
NSE 9345.22 13040.68 -28.34
conditions would continue to prompt selling pressure at
regular intervals. The –DI line has moved below the 30
NSE F&O 106097.78 208719.32 -49.17
level indicating sellers have covered their short
Total 117956.42 223934.96 -47.33
positions. The market sentiment remains negative. Now
F&O Contracts Traded (NSE) * it is important that the Nifty moves and sustains above
27/07/12 26/07/12 % Chg.
its 200-day SMA on a closing basis otherwise increased
selling pressure is likely to be witnessed. The markets
Index Fut. 551857 781532 -29.39
would witness intermediate bouts of volatility ahead of
Stock Fut. 577784 1224052 -52.80
RBI’s monetary policy next week. In the meanwhile the
Index Opt. 2772782 5895266 -52.97 markets would take cues from the earnings season,
Stock Opt. 221229 250481 -11.68 Rupee, global markets and the crude prices. The support
Total 4123652 8151331 -38.67 levels for Nifty are placed at 5047, 5000, 4950 and 4859. The
NOTE - * - Source – BSE & NSE
Nifty faces resistance at the 5104, 5250, 5333, 5379 and
5464 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
TGT of 101
Achieved
given Buy @
107.35 on
Andhra Bank Fut 101.00 Sell Below 100.00 102.25 2.25 95 5.00 25/07/12
ACC 1293.75 Buy Above 1296.00 1274.00 1.70 1345 3.78
Dabur 118.70 Buy Above 119.00 116.25 2.31 125 5.04
* 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 16839 16858 16956 17073 17287 16742 16644 16430
S&P CNX NIFTY 5100 5109 5141 5182 5254 5068 5037 4964
NIFTY AUG. FUT. 5124 5133 5170 5217 5301 5086 5049 4964
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. Stocks To Watch Out Today
ABB, ACC, Ambuja Cement, Dabur, HCL Tech; Piramal Healthcare, Powergrid, Sun Pharma, Syndicate Bank, Tata Motors,
Ultratech, Yes Bank
AB Nuvo, Adani Enterprises, Adani Poertss, Allahabad Bank, Andhra Bank, Ashok Leyland, Bajaj Hind; BoB, BoI, BHEL,
Canara bank, DCB, Dena Bank, DLF, Hero Motorcorp; Hexaware, IDBI Bank, IDFC, Indian Bank, IOB, IOC, IRB, JP,
Associates, Kotak Bank, Mcleod Russel, Oil India, ONGC, OBC, Pantaloon Retail, RCOM, Renuka Sugars, SBI, UCO Bank,
Union Bank, United Spirits, Vijaya Bank, VIP, Volta, Welcorp
NOTE:
TECHNICAL ANALYSIS ABBREVATIONS
SMA – Simple Moving Average
EMA – Exponential Moving Average
WMA – Weighted Moving Average
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