1. Daily Technical Outlook
21st August 2012
Indices * Close % Chg. Markets volatile
BSE SENSEX 17691.08 0.19
S&P CNX NIFTY 5366.30 0.06 Mirroring the positive global market cues, the domestic
NIFTY AUG. FUT. 5382.35 0.01 markets witnessed a firm opening. The markets moved higher
India VIX 15.73 0.25 on back of buying support, which also led to short covering.
However, the Nifty faltered and struggled around the 5400
S&P CNX NIFTY Technical Levels level. Sharp selling pressure and profit taking was witnessed,
Level 1 Level 2 Level 3 which took the Nifty closer to its support level at 5333. The
Support 5333 5250 5108 markets managed to come off the lows for the day to end the
Resistance 5386 5464 5500 day on a flat note. The top gainers for the day were DLF,
Bharti Airtel, Hindalco, Sesa Goa, HDFC, GAIL, BPCL, Coal
Simple Moving Averages S&P CNX NIFTY India, PNB and Rel. Infra
50 Day SMA 5211.70
100 Day SMA 5152.06 Technically, the market breadth remained negative
200 Day SMA 5112.62 ◄Critical amidst higher volumes, indicating buying concentrated
only in index heavyweight stocks. The global market
Market Breadth * BSE NSE cues are positive. The domestic markets are likely to
Advances 1344 681 witness a flat opening. The markets consolidated moving
Declines 1498 818 in a narrow range. The prevailing technical positives
Same 130 77 continue to hold good. The Stochastic has moved above
Total 2972 1576 its average. Moreover, the RSI, KST and MACD all are still
A/D Ratio 0.89 : 1 0.83 : 1
placed above their respective averages. Moreover, the
MACD and KST are placed in the positive territory, which
Volume (Lacs Shares) * augurs well for the markets. The Nifty remains placed
17/08/12 16/08/12 % Chg. above its 50-day SMA, 100-day SMA and 200-day SMA.
BSE 2286 2223 2.83
More so the Nifty’s 50-day SMA remains placed above
Nifty’s 100-day SMA and 200-day SMA, the later being
NSE 6511 6104 6.66
called the ‘Golden Cross breakout’. These positives
Total 8797 8327 5.64
would lead to buying support at regular intervals. The
Turnover ( ` Crores) * ADX line is moving higher, while the +DI line has started
17/08/12 16/08/12 % Chg.
coming off its recent highs, indicating buyers are
booking profits. The market sentiment remains positive
BSE 2155.10 86255.67 -97.50
but tentative at higher levels. Follow up buying continues
NSE 10262.50 10165.94 0.95
to remain dismal at higher levels. Now, it is important
NSE F&O 125417.70 86255.67 45.40 that markets witness buying support at higher levels for
Total 137835.30 182677.28 -24.55 the Nifty to move above the 5386 resistance level and
test the 5464 resistance level. The volumes are likely to
F&O Contracts Traded (NSE) *
remain lackluster ahead of festive holidays during the
17/08/12 16/08/12 % Chg.
course of the next few trading sessions. The sharp rise in
Index Fut. 377380 249873 51.03 crude prices could become a sentiment dampener for the
Stock Fut. 470493 409795 14.81 markets and could stall the current uptrend. In the
Index Opt. 3528439 2304021 53.14 meanwhile the markets would take cues from the Rupee,
Stock Opt. 259232 217610 19.13 global market cues and the crude prices. The support
Total 4635544 3181299 39.80 levels for Nifty are placed at 5333, 5250, 5108, 5047, 5000
and 4950. The Nifty faces resistance at the 5386, 5464 and
NOTE - * - Source – BSE & NSE
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
Bata Fut 901.95 Sell Below 896.00 909.50 1.51 866 3.35
TGT of 92
Achieved
given Buy @
86.50 on
Apollo Tyre 91.30 Buy Above 92.00 89.75 2.45 97 5.43 13/08/12
Tata Motors DVR 141.15 Buy Above 141.75 139.25 1.76 147 3.70
* 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 17691 17705 17787 17884 18063 17609 17526 17347
S&P CNX NIFTY 5366 5369 5397 5428 5486 5339 5311 5253
NIFTY AUG. FUT. 5382 5386 5420 5458 5530 5348 5314 5242
Stocks To Watch Out Today
Aban, Andhra Bank, APIL, Apollo Tyre, Biocon, Crompton Greaves, Delta Corp, Dr. Reddys, Guj. Flouro; Hero Motocorp, HUL
India Infoline, Infosys Tech; Kotak Bank, M&M, MRPL, Ranbaxy, Renuka Sugar, Shriram Transport, Tata Chem, Videocon
ACC, Ambuja Cements, Arvind, Ashok Leyland, Bata, Bharat Forge, Chambal Fert; Dish TV, DLF, Exide, GAIL, GMR Infra,
HCC, HDFC Bank, HDIL, Hindalco, HOECL, IFCI, India Cement, Jet Airways, Jindal Steel, Jain Irrigation, NTPC, Patel Engg;
PTC, Punj Lloyd, Rel. Infra, Rel. Power, SAIL, Tata Power, Tata Steel, ZEEL
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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