1.
Daily Technical Outlook
9th August 2012
Indices * Close % Chg. Profit taking likely at higher levels
BSE SENSEX 17600.56 -0.01
S&P CNX NIFTY 5338.00 0.02 Mirroring the positive global market cues the domestic
NIFTY AUG. FUT. 5354.75 0.13 markets witnessed a positive opening. However, the markets
India VIX 16.37 0.98 struggled to sustain higher as it neared the 5386 resistance
level. Profit taking and selling pressure was witnessed in the
S&P CNX NIFTY Technical Levels morning trade. Buying momentum increased in the afternoon
Level 1 Level 2 Level 3 trade on back of positive European market cues. However,
Support 5333 5250 5108 Nifty struggled around the 5386 resistance level. Increased
Resistance 5386 5464 5500 selling pressure was witnessed in the last hour of trade on
back of negative views of BoE on England’s economy. The
Simple Moving Averages S&P CNX NIFTY markets ended the day flat to close near the lows for the day.
50 Day SMA 5160.16 The top gainers for the day were M&M, BPCL, Hindalco,
100 Day SMA 5146.79 HUL, Sterlite, Grasim, Infosys Tech; Ranbaxy, HCL Tech and
200 Day SMA 5110.10 ◄Critical Tata Motors.
Market Breadth * BSE NSE Technically, the market breadth remained negative
Advances 1245 602 amidst higher volumes, which is a negative sign for the
Declines 1606 892
markets. The global market cues are divergent. The
domestic markets are likely to witness a flat opening. As
Same 115 78
we had indicated the markets witnessed intermediate
Total 2966 1572
bouts of profit taking on back of the Stochastic being
A/D Ratio 0.77 : 1 0.67 : 1
placed in the over bought zone. However, the prevailing
Volume (Lacs Shares) * technical positives continue to hold good. The
Stochastic RSI, KST and MACD all are still placed above
08/08/12 07/08/12 % Chg.
their respective averages. Moreover, the MACD has
BSE 2389 2013 18.68
moved in the positive territory, while the KST is already
NSE 6697 5529 21.11 placed in the positive. The Nifty remains placed above its
Total 9086 7542 20.46 50-day SMA, 100-day SMA and 200-day SMA. More so the
Nifty’s 50-day SMA remains placed above Nifty’s 100-day
Turnover ( ` Crores) *
SMA and 200-day SMA. These positives would lead to
08/08/12 07/08/12 % Chg.
buying support at regular intervals. However, the
BSE 2436.83 2178.92 11.84 Stochastic still remains placed in the over bought zone,
NSE 11348.35 9862.12 15.07 which would prompt intermediate bouts of profit taking
NSE F&O 115863.47 110640.78 4.72 at regular intervals. The ADX line and the +DI line are
Total 129648.65 122681.82 5.68 moving higher, while the -DI line is moving lower. The
+DI line remains placed above the 32 level, indicating
F&O Contracts Traded (NSE) * buyers are gaining strength. The market sentiment
08/08/12 07/08/12 % Chg. remains positive but follow up buying support is needed
Index Fut. 387815.00 372327 4.16 at higher levels. In the meanwhile the markets would take
Stock Fut. 479291.00 441410 8.58 cues from the Rupee, global market cues and the crude
Index Opt. 3212720.00 3091674 3.92
prices. The support levels for Nifty are placed at 5333, 5250,
5108, 5047, 5000 and 4950. The Nifty faces resistance at the
Stock Opt. 221292.00 223419 -0.95
5386, 5464 and 5500 levels.
Total 4301118.00 4128830 2.88
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
AB Nuvo Fut 774.50 Sell Below 770 781 1.46 745 3.25
Federal Bank 424.70 Buy Above 427 417.50 2.22 448 4.92
Sterlite 105.75 Buy Above 107 103.75 2.58 113 5.63
Tata Motors 241.50 Buy Above 242 236.00 2.48 255 5.37
* 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 17601 17637 17691 17781 17925 17547 17493 17349
S&P CNX NIFTY 5338 5349 5367 5395 5442 5320 5302 5256
NIFTY AUG. FUT. 5355 5365 5384 5413 5461 5336 5317 5269
Stocks To Watch Out Today
AB Nuvo, Arvind, Aurobindo Pharma, Bharti Airtel, Bombay Dying, Cairn India, Dish TV, EKC, GMR Infra, GSPL, GVK, Idea,
IVRCL, LIC Hsg; LITL, Lupin, Orchid Chemicals, Raymond, Sobha, Tata Communication, United Spirits
ABB, ACC, Ambuja Cements, Axis Bank, Bajaj Auto, Cummins, Federal Bank, Grasim, HDFC, Hexaware, Hindalco, HUL,
Infosys Tech; Jindal Steel, JSW Steel, Jubilant Foods, M&M, MRPL, Neyveli Lignite, Reliance, Sterlite, Sun TV, Tata Motors
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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