1. Daily Technical Outlook
1st August 2012
Indices * Close % Chg.
BSE SENSEX 17236.18 0.54
Follow Up buying support needed
S&P CNX NIFTY 5229.00 0.56
The domestic markets witnessed a flat opening. The over all
NIFTY AUG. FUT. 5240.55 0.46
trend remained range bound ahead of RBI’s monetary policy
India VIX 16.01 -3.55 announcement. However, the markets witnessed a sharp fall
S&P CNX NIFTY Technical Levels as RBI failed to announce any rate cut. The markets
managed to recover in the afternoon session on back of good
Level 1 Level 2 Level 3
European cues, resulting in a sharp pull back. However, the
Support 5104 5047 4950
markets once again failed to cross the 5250 resistance level,
Resistance 5250 5333 5379 which continues to remain a stumbling block. The markets
Simple Moving Averages S&P CNX NIFTY ended the day with moderate gains to close near the highs
50 Day SMA 5119.42
for the day. The top gainers for the day were DLF, Bharti
Airtel, Hindalco, Sesa Goa, HDFC, GAIL, BPCL, Coal India,
100 Day SMA 5152.47
PNB and Rel. Infra.
200 Day SMA 5104.57 ◄Critical
Technically, the market breadth remained positive amidst
Market Breadth * BSE NSE
higher volumes, which is a positive sign for the markets.
Advances 1435 760
The global market cues are divergent. The domestic
Declines 1296 676 markets are likely to witness a flat opening. The
Same 135 87 prevailing technical positives still hold good are
Total 2866 1523 triggering buying support. The RSI, KST and Stochastic
A/D Ratio 1.10 : 1 1.12 : 1 remain placed above their respective averages.
Moreover, the KST has moved in the positive territory.
Volume (Lacs Shares) * The Nifty remains placed above its 50-day SMA, 100-day
31/07/12 30/07/12 % Chg. SMA and 200-day SMA. More so the Nifty’s 50-day SMA is
BSE 1946 1777 9.51 placed above the Nifty’s 200-day SMA. These positives
NSE 6147 5334 15.24 would lead to intermediate bouts of buying support.
Total 8093 7111 13.81 However, the prevailing technical negatives continue to
hold good. The Stochastic has moved in the over bought
Turnover ( ` Crores) * zone due to lack of depth on the bourses. The MACD
31/07/12 30/07/12 % Chg. remains placed in the negative and is also placed below
BSE 2037.53 1748.49 16.53 its average. The Nifty’s 50-day SMA remains placed
NSE 10839.41 9229.16 17.45
below its 100-day SMA. These negative technical
conditions would prompt profit taking at higher levels.
NSE F&O 113706.57 80960.69 40.45
The ADX line, the +DI line and the –DI line are moving
Total 126583.51 91938.34 37.68
sideways, indicating a range bound trend. The market
F&O Contracts Traded (NSE) * sentiment remains tentative as Nifty remains placed
31/07/12 30/07/12 % Chg.
below the 5250 resistance level. Now it is important that
the markets witness follow up buying support at higher
Index Fut. 517289 396318 30.52
levels for the Nifty to move higher and test the 5333
Stock Fut. 527248 482377 9.30
resistance level. The markets would witness intermediate
Index Opt. 3069124 2058302 49.11 bouts of volatility. In the meanwhile the markets would
Stock Opt. 231884 186876 24.08 take cues from the Rupee, global markets and the crude
Total 4345545 3123873 33.80 prices. The support levels for Nifty are placed at 5104, 5047,
NOTE - * - Source – BSE & NSE
5000, 4950 and 4859. The Nifty faces resistance at the 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
ACC 1324.20 Buy Above 1330 1310 1.50 1375 3.38
Asian Paints 3642.30 Buy Above 3645 3585 1.65 3777 3.62
Bajaj Holdings 777.00 Buy Above 779 765 1.80 810 3.98
Cipla 338.60 Buy Above 340 333 2.06 355 4.41
* 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 17236 17165 17325 17414 17664 17076 16915 16665
S&P CNX NIFTY 5229 5206 5258 5286 5367 5177 5125 5045
NIFTY AUG. FUT. 5241 5219 5269 5298 5377 5190 5140 5061
Stocks To Watch Out Today
ACC, Ambuja Cements, Asian Paints, Bajaj Holdings, Bombay Dying, CESC, Cipla, Coal India, Divis Labs, DLF, Essar oil,
Federal Bank, FT, Grasim, GSPL, HDFC, HOECL, IDFC, Indian Hotels, India Cements, Infosys Tech; IOC, Jet Airways, LIC
Hsg; Lupin, Oriental Bank, Powergrid, Punj Lloyd, Reliance, SCI, Sesa Goa, Siemens, Sterlite, Sun Pharma, Tat Global, Tata
Motors, Tata Motors DVR, Tata Steel, TCS, Voltas, Yes Bank, ZEEL
Balrampur Chini, Bharti Airtel, DCHL, Glaxo, Havells, Hexaware, Jindal Saw, Jubilant Food
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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