1. Daily Technical Outlook
3rd July 2012
Indices * Close % Chg.
BSE SENSEX 17398.98 -0.18
Follow up buying remains elusive
S&P CNX NIFTY 5278.60 -0.01
The domestic markets witnessed a firm opening. Buying
NIFTY JULY FUT. 5295.60 -0.03
support was witnessed in the opening trade, however the
India VIX 19.01 -0.36 Nifty struggled to sustain above the 5300 level. Profit taking
S&P CNX NIFTY Technical Levels and selling pressure was witnessed at higher levels as
markets turned range bound. However, increased buying
Level 1 Level 2 Level 3
support was witnessed in the afternoon trade on back of
Support 5250 5114 5079
positive European market cues. The markets managed to
Resistance 5333 5379 5500 move above the 5300 level but once again failed to sustain.
Moving Averages S&P CNX NIFTY The markets ended the with marginal losses to close near the
50 Day SMA 5047.23
lows for the day. The top gainers for the day were
100 Day SMA 5190.42 Technically, the market breadth remained positive amidst
200 Day SMA 5079.01 ◄Critical lower volumes, indicating lack of participation at current
levels. The global market cues are largely positive. The
Market Breadth * BSE NSE
domestic markets are likely to witness a firm opening.
Advances 1542 991
The prevailing technical positives have helped the
Declines 971 501 markets move higher but follow up buying support still
Same 109 60 remains absent. The Stochastic, MACD, RSI and KST all
Total 2622 1552 are placed above their respective averages. The MACD
A/D Ratio 1.59 : 1 1.98 : 1 and KST are also placed in the positive territory, which
augurs well for the markets. The Nifty remains placed
Volume (Lacs Shares) * above the 50-day SMA, 100-day SMA and 200-day SMA.
02/07/12 29/06/12 % Chg. The +DI continues to move higher, while the ADX line
BSE 2845 2845 0.00 and –DI line are moving sideways indicating buyers are
NSE 7003 7971 -12.14 gaining strength. These positive conditions would lead to
Total 9848 10816 -8.95 further buying support. The only technical negative
which would weigh on the market sentiment remains the
Turnover ( ` Crores) * Nifty’s 50-day SMA being placed below its 100-day SMA
02/07/12 29/06/12 % Chg. and 200-day SMA. These negative conditions would
BSE 3948.92 3948.92 0.00 result in regular bouts of profit taking. The market
NSE 9738.67 13143.73 -25.91
remains positive. However, it is now important that the
markets witness follow up buying support at higher
NSE F&O 78102.60 102978.12 -24.16
levels, which so far remains elusive. Intermediate bouts
Total 91790.19 120070.77 -23.55
of volatility would be witnessed as Nifty struggles to
F&O Contracts Traded (NSE) * sustain higher above the 5300 level. In the meanwhile the
02/07/12 29/06/12 % Chg.
markets would take cues from Rupee, global markets and
the crude prices. The support levels for Nifty are placed at
Index Fut. 305611 511655 -40.27
5250, 5114, 5079, 4950 and 4841. The Nifty faces resistance
Stock Fut. 446619 518570 -13.87
at the 5333, 5379 and 5500 levels.
Index Opt. 2054058 2752440 -25.37
Stock Opt. 137076 143786 -4.67
Total 2943364 3926451 -17.96
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
ACC 1317.05 Buy Above 1320.00 1295 1.89 1375 4.17
Century Textiles 313.75 Buy Above 315.00 304 3.49 340 7.94
HDFC 661.00 Buy Above 664.00 643 3.16 710 6.93
* 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 17399 17416 17469 17540 17663 17346 17293 17169
S&P CNX NIFTY 5279 5281 5299 5320 5359 5261 5243 5204
NIFTY JULY FUT. 5296 5300 5321 5346 5393 5274 5253 5206
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
Aban, ACC, Adani Ports, Arvind, Asia Paints, Aurobindo Pharma, Axis Bank, Bajaj Hind; Bombay Dying, Century Textiles,
Delta Corp; Divis Labs, DLF, DR. Reddys, HDFC, HDFC Bank, IRB Infra, Jubilant Foods, Kotak Bank, LITL, M&M, McDowell,
NMDC, NTPC, Oriental Bank, Pantaloon Retail, Patel Engg; Tata Coffee, Tech Mahindra, Uco Bank, ZEEL
Ashok Leyland, HUL, ITC
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