1. Daily Technical Outlook
11th July 2012
Indices * Close % Chg.
BSE SENSEX 17618.35 1.30
Markets inch closer to 5400
S&P CNX NIFTY 5345.35 1.33
Mirroring the negative global market cues the domestic
NIFTY JULY FUT. 5358.15 1.49
markets witnessed a subdue opening. The markets displayed
India VIX 17.83 -4.75 range bound behavior in the morning trade. However, buying
S&P CNX NIFTY Technical Levels support picked up in the afternoon trade helping the markets
move higher, also leading to short covering. The markets
Level 1 Level 2 Level 3
managed to hold on to the gains and showed no signs of
Support 5333 5250 5114
weakness. It ended the day with moderate gains to close
Resistance 5379 5464 5500 near the highs for the day inching closer to the 5400 level.
Moving Averages S&P CNX NIFTY The top gainers for the day were DLF, Bharti Airtel, Hindalco,
50 Day SMA 5059.11
Sesa Goa, HDFC, GAIL, BPCL, Coal India, PNB and Rel.
Infra.
100 Day SMA 5182.43
200 Day SMA 5086.34 ◄Critical Technically, the market breadth remained positive amidst
higher volumes, which is a positive sign for the markets.
Market Breadth * BSE NSE
The global market cues are divergent. The domestic
Advances 1758 974
markets are likely to witness a flat to subdue opening.
Declines 1155 503 The prevailing technical positives helped the markets
Same 104 82 move higher. The KST and RSI have once again moved
Total 3017 1559 above their respective averages. Moreover, the MACD
A/D Ratio 1.52 : 1 1.94 : 1 already remains placed above its average. The MACD
and KST are also placed in the positive territory, which
Volume (Lacs Shares) * augurs well for the markets. The Nifty remains placed
10/07/12 09/07/12 % Chg. above the 50-day SMA, 100-day SMA and 200-day SMA.
BSE 2341 2305 1.56 These positive technical conditions would prompt further
NSE 6429 6123 5.00 buying support. However, a few technical negatives still
Total 8770 8428 4.06 hold good which would cap the upside gains Stochastic
remains placed below its average. Further, the Nifty’s 50-
Turnover ( ` Crores) * day SMA remains placed below its 100-day SMA and 200-
10/07/12 09/07/12 % Chg. day SMA. These negative technical conditions would
BSE 2004.12 1818.07 10.23 lead to profit taking at higher levels. The ADX line and
NSE 9513.91 8430.14 12.86
+DI line are trending upwards and have moved above the
30 level indicating buyers are gaining strength. The
NSE F&O 100391.57 86848.16 15.59
market sentiment remains positive but follow up buying
Total 111909.60 97096.37 15.26
support is needed at higher levels. Now it is now
F&O Contracts Traded (NSE) * important that the markets witness buying support at
10/07/12 09/07/12 % Chg.
regular intervals, for the Nifty to move above the 5379
resistance level. Intermediate bouts of volatility would be
Index Fut. 399418 330857 20.72
witnessed. In the meanwhile the markets would take cues
Stock Fut. 445239 377062 18.08
from the forthcoming earnings season, Rupee, global
Index Opt. 2750957 2403677 14.45 markets and the crude prices. The support levels for Nifty
Stock Opt. 166677 138256 20.56 are placed at 5333, 5250, 5114, 5086 and 4950. The Nifty
Total 3762291 3249852 11.56 faces resistance at the 5379, 5464 and 5500 levels.
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
Axis Bank 1075.30 Buy Above 1079 1060.00 1.76 1120 3.80
Divis Labs 1043.15 Buy Above 1050 1027.00 2.19 1100 4.76
Hindalco 127.65 Buy Above 129 124.75 3.29 138.00 6.98
* 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 17618 17558 17692 17765 17972 17485 17351 17144
S&P CNX NIFTY 5345 5326 5368 5390 5454 5304 5262 5198
NIFTY JULY FUT. 5358 5334 5388 5418 5501 5304 5250 5167
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
Apollo Tyre, Axis Bank, Balrampur Chini, BF Utilities, Cipla, Dr. Reddys, Divis Labs, GMDC, Godrej Inds; Havells, HCL Tech;
Hindalco, ICICI Bank, ITC, Maruti, Mphasis, PNB, PTC, Punj Lloyd, Rel. Comm; Rel. Capital, Siemens, Sterlite, Tata Comm;
Tata Motors, TVS Motors, Ruchi Soya, Sun TV, Wipro, ZEEL
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