1. Daily Technical Outlook
10th July 2012
Indices * Close % Chg.
BSE SENSEX 17391.98 -0.74
Markets under pressure
S&P CNX NIFTY 5275.15 -0.79
Mirroring the negative global market cues the domestic
NIFTY JULY FUT. 5279.40 -0.90
markets witnessed a gap down opening. Sustained selling
India VIX 18.72 3.76 pressure was witnessed in the morning trade as Nifty
S&P CNX NIFTY Technical Levels breached the 5300 level. The over all trend remained range
bound and listless. The markets managed to come off the
Level 1 Level 2 Level 3
lows of the day. It ended the day with moderate losses to
Support 5250 5114 5084
close near the lows for the day. The top losers for the day
Resistance 5333 5379 5500 were BHEL, TCS, Jindal Steel, ACC, ITC, HUL, Powergrid,
Moving Averages S&P CNX NIFTY Hero Motocorp, Sun Pharma and Grasim.
50 Day SMA 5057.16
Technically, the market breadth remained negative
100 Day SMA 5184.19 amidst lower volumes. The global market cues are
200 Day SMA 5084.23 ◄Critical negative. The domestic markets are likely to witness a
flat to subdue opening. The prevailing technical
Market Breadth * BSE NSE
negatives have weighed on the market sentiment. The
Advances 1096 442
RSI and the Stochastic being placed in the over bought
Declines 1772 1047 zone has triggered profit taking on the bourses. The RSI,
Same 103 65 KST and Stochastic has slipped below their respective
Total 2971 1554 averages. Further, the Nifty’s 50-day SMA remains placed
A/D Ratio 0.62 : 1 0.42 : 1 below its 100-day SMA and 200-day SMA. These negative
conditions would result in regular bouts of profit taking
Volume (Lacs Shares) * and selling pressure. However, a few positives still hold
09/07/12 06/07/12 % Chg. good and would lead to buying support at lower levels.
BSE 2305 2869 -19.66 The MACD remains placed above its average. Moreover,
NSE 6123 7379 -17.02 the MACD and KST are also placed in the positive
Total 8428 10248 -17.76 territory, which augurs well for the markets. The Nifty
remains placed above the 50-day SMA, 100-day SMA and
Turnover ( ` Crores) * 200-day SMA. The has moved lower along with the ADX
09/07/12 06/07/12 % Chg. line, +DI line and –DI line are moving sideways indicating
BSE 1818.07 2111.63 -13.90 a range bound trend. The market sentiment remains
NSE 8430.14 9782.83 -13.83
positive but tentative ahead of the earnings season. Now
it is now important that the markets witness buying
NSE F&O 86848.16 82465.62 5.31
support at lower levels, for the Nifty to hold the 5250
Total 97096.37 94360.08 2.90
support level. Intermediate bouts of volatility would be
F&O Contracts Traded (NSE) * witnessed. In the meanwhile the markets would take cues
09/07/12 06/07/12 % Chg.
from the forthcoming earnings season, Rupee, global
markets and the crude prices. The support levels for Nifty
Index Fut. 330857 335717 -1.45
are placed at 5250, 5114, 5084, 4950 and 4841. The Nifty
Stock Fut. 377062 426593 -11.61
faces resistance at the 5333, 5379 and 5500 levels.
Index Opt. 2403677 2166534 10.95
Stock Opt. 138256 141847 -2.53
Total 3249852 3070691 7.61
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
Escorts Fut 69.25 Sell Below 68.50 70.55 2.99 64 6.57
TCS 1259.40 Buy Above 1265.00 1239.00 2.06 1310 3.56
Ultratech Cement 1561.20 Buy Above 1565.00 1540.00 1.60 1620 3.51
* 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 17392 17407 17471 17549 17692 17328 17265 17123
S&P CNX NIFTY 5275 5278 5298 5321 5364 5255 5235 5192
NIFTY JULY FUT. 5279 5287 5311 5342 5397 5256 5232 5177
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
BF Utilities, Dabur, HPCL, ICICI Bank, ITC, M&M, Mcleod Russel, Tata Communication, TCS, TVS Motors, Ultratech Cement,
ABB, AB Nuvo, Bajaj Auto, BoB, BoI, Bharti AIrtel, DCB, Delta Corp; Educomp, Escorts, Essar Oil, Federal Bank, FT, GAIL,
GMR Infra, GSPL, Guj. Flourochemicals, GVK, HCC, HDIL, HOECL, Hind. Zinc, IB Realestate, IDBI, Jindal Saw, Jindal Steel,
JP Associates, JP Power, JSW Energy, LIC Hsg; LITL, L&T, Maruti, MLL, Oil India, Pantaloon, Petronet, Polaris, Praj, PTC,
Raymond, Rel. Infra, Siemens, Sintex, Sobha, SREI Infra, Sterlite, Sun TV, Syndicate Bank, Tata Chem; Tata Coffee, Tata
Global, Tata Power, Tata Steel, Tech Mahindra, Titan, TTK Prestige, Uco Bank, Uniphos, Unitech, Videocon, Voltas, Welcorp,
Wipro, ZEEL
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