1. Daily Technical Outlook
9th July 2012
Indices * Close % Chg.
BSE SENSEX 17521.12 -0.10
Markets range bound
S&P CNX NIFTY 5316.95 -0.19
Mirroring the negative global market cues the domestic
NIFTY JULY FUT. 5327.20 -0.32
markets witnessed a negative opening. Sustained selling
India VIX 18.04 -1.68 pressure was witnessed as markets moved lower. However,
S&P CNX NIFTY Technical Levels the markets managed to come off the lows in the afternoon
trade. The over all trend remained range bound. The markets
Level 1 Level 2 Level 3
ended the day with marginal losses to close near the highs
Support 5250 5114 5083
for the day. The top losers for the day were BHEL, TCS,
Resistance 5333 5379 5500 Jindal Steel, ACC, ITC, HUL, Powergrid, Hero Motocorp, Sun
Moving Averages S&P CNX NIFTY Pharma and Grasim.
50 Day SMA 5055.84
Technically, the market breadth remained negative
100 Day SMA 5186.76 amidst lower volumes. The global market cues are
200 Day SMA 8083.52 ◄Critical negative. The domestic markets are likely to witness a
flat to subdue opening. The prevailing technical positives
Market Breadth * BSE NSE
continue to hold good but markets lack momentum. The
Advances 1361 597
Stochastic, MACD, RSI and KST all are placed above
Declines 1532 913 their respective averages. Moreover, the MACD and KST
Same 135 48 are also placed in the positive territory, which augurs
Total 3028 1558 well for the markets. The Nifty remains placed above the
A/D Ratio 0.89 : 1 0.65 : 1 50-day SMA, 100-day SMA and 200-day SMA. The +DI has
moved lower along with the ADX line indicating buyers
Volume (Lacs Shares) * are booking profit at higher levels. These positive
06/07/12 05/07/12 % Chg. conditions would lead to further buying support.
BSE 2869 2845 0.84 However, a few technical negatives still hold good and
NSE 7379 7927 -6.91 would weigh on the market sentiment. The RSI and the
Total 10248 10772 -4.86 Stochastic are placed in the over bought zone on the
daily charts, while the Nifty’s 50-day SMA remains placed
Turnover ( ` Crores) * below its 100-day SMA and 200-day SMA. These negative
06/07/12 05/07/12 % Chg. conditions would result in regular bouts of profit taking
BSE 2111.63 3948.92 -46.53 and selling pressure at higher levels. The market
NSE 9782.83 10008.71 -2.26
sentiment remains positive but tentative. Follow up
buying support remains absent at higher levels. Now it is
NSE F&O 82465.62 72954.94 13.04
now important that the markets witness follow up buying
Total 94360.08 86912.57 8.57
support at higher levels, for the Nifty to test the 5400
F&O Contracts Traded (NSE) * level. Intermediate bouts of volatility would be witnessed.
06/07/12 05/07/12 % Chg.
In the meanwhile the markets would take cues from the
forthcoming earnings season, Rupee, global markets and
Index Fut. 335717 285726 17.50
the crude prices. The support levels for Nifty are placed at
Stock Fut. 426593 428714 -0.49
5250, 5114, 5082, 4950 and 4841. The Nifty faces resistance
Index Opt. 2166534 1868978 15.92 at the 5333, 5379 and 5500 levels.
Stock Opt. 141847 133983 5.87
Total 3070691 2717401 11.24
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
Apollo Tyre 81.75 Buy Above 82.50 80.00 3.03 88 6.67
Cipla 327.90 Buy Above 331.00 322.45 2.58 350 5.74
Yes Bank 361.15 Buy Above 363.50 352.00 3.16 389 7.02
* 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 17521 17500 17575 17629 17759 17446 17371 17242
S&P CNX NIFTY 5317 5311 5334 5350 5390 5294 5271 5232
NIFTY JULY FUT. 5327 5322 5346 5364 5407 5303 5279 5236
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
Adani Ports, Asian Paints, FT, Gail, HDIL, Hero Motocorp, Hexaware, HOECL, IGL, India Infoline, Jet Airways, Jindal Saw,
LIC Hsg; ONGC, Sesa Goa, Sobha, SREI Infra, Sterlite
Apollo Tyre, Chambal Fert; Cipla, Dena Bank, Dish TV, HDFC, HUL, ICICI Bank, IFCI, Indian Hotels, IOC, IRB, ITC, M&M,
McDowell, Mcleod Russel, REC, Suzlon Energy, Tata Comm.
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