Daily Technical Outlook
13th July 2012
Indices * Close % Chg.
BSE SENSEX 17232.55 -1.47
Nifty closes below crucial 5250 support level
S&P CNX NIFTY 5235.25 -1.34
Mirroring the negative global market cues and weak Infosys
NIFTY JULY FUT. 5251.40 -1.34
guidance, the domestic markets witnessed a gap down
India VIX 18.71 1.74 opening. Weak IIP numbers also lewd to sustained selling
S&P CNX NIFTY Technical Levels pressure. Though, occasional bouts of short covering and
selective buying support were witnessed the markets failed to
Level 1 Level 2 Level 3
sustain higher. Weak European market cues led to increased
Support 5114 5090 4950
selling pressure as Nifty traded below 5250 support level.
Resistance 5250 5333 5379 However, the markets managed to recover from the lows of
Moving Averages S&P CNX NIFTY the day. The markets ended the day with modest losses to
50 Day SMA 5061.39
close near the lows for the day. The top losers for the day
were BHEL, TCS, Jindal Steel, ACC, ITC, HUL, Powergrid,
100 Day SMA 5176.13
Hero Motorcorp, Sun Pharma and Grasim.
200 Day SMA 5090.53 ◄Critical
Technically, the market breadth remained negative
Market Breadth * BSE NSE
amidst lower volumes. The global market cues are
Advances 1174 460
divergent. The domestic markets are likely to witness a
Declines 1631 1001 flat opening. The prevailing technical negatives
Same 112 84 continued to weigh on the market sentiment as Nifty
Total 2917 1545 closed below the 5250 support level. The Stochastic, RSI
A/D Ratio 0.72 : 1 0.46 : 1 and KST are placed below their respective averages.
Further, the Nifty’s 50-day SMA remains placed below its
Volume (Lacs Shares) * 100-day SMA and 200-day SMA. These negative technical
12/07/12 11/07/12 % Chg. conditions would continue to prompt selling pressure on
BSE 2106 2249 -6.36 the bourses. However, a few technical positives still hold
NSE 6265 6571 -4.66 good. The MACD remains placed above its average.
Total 8371 8820 -5.09 Moreover, the MACD and KST are also placed in the
positive territory, which augurs well for the markets. The
Turnover ( ` Crores) * Nifty remains placed above the 50-day SMA, 100-day
12/07/12 11/07/12 % Chg. SMA and 200-day SMA. These positive technical
BSE 2189.00 2087.87 4.84 conditions would lead to buying support at lower levels.
NSE 10324.67 10105.15 2.17
The +DI line has fallen below the 30 level, indicating
buyers have booked profits at higher levels. The market
NSE F&O 132986.11 87625.6 51.77
sentiment remains cautious as Nifty has closed below
Total 145499.78 99818.62 45.76
the 5250 support level. Now it is important that the Nifty
F&O Contracts Traded (NSE) * closes above the 5250 level otherwise increased selling
12/07/12 11/07/12 % Chg.
pressure would be witnessed and Nifty could test the
5090 support level. The markets would witness
Index Fut. 466714 296135 57.60
intermediate bouts of volatility. In the meanwhile the
Stock Fut. 491423 412437 19.15
markets would take cues from the earnings season,
Index Opt. 3587309 2253406 59.19 Rupee, global markets and the crude prices. The support
Stock Opt. 416504 277020 50.35 levels for Nifty are placed at 5114, 5090 and 4950. The Nifty
Total 4961950 3238998 45.49 faces resistance at the 5250, 5333, 5379, 5464 and 5500
NOTE - * - Source – BSE & NSE
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

Jaldi 5
(Short Term Technical Ideas for 5 Trading Days)
Stop
Initiation Stop Loss Target
Stock Close Action Price Loss * (%) Target (%) Remarks
Bajaj Holdings 779.65 Buy Above 783.00 768.00 1.92 816 4.21
Godrej Inds. 251.60 Buy Above 253.00 247.50 2.17 265 4.74
HPCL 354.60 Buy Above 356.00 346.50 2.67 377 5.90
* 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 17233 17248 17314 17396 17544 17166 17099 16951
S&P CNX NIFTY 5235 5238 5259 5282 5326 5215 5194 5150
NIFTY JULY FUT. 5251 5253 5278 5305 5356 5227 5202 5151
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

Stocks to watch out today
AB Nuvo, Adani Ports, Allahabad Bank, Bajaj Auto, BOI, BEML, Bata, Bharti Airtel, BHEl, Bhushan Steel, Bombay Dying,
Central Bank of India, Delta Corp; Dish TV, HOECL, IDBI, Idea, IVRCL, Jain Irrigation, M&M, Raymond, Rel. Capital,
Reliance, Sesa Goa, Siemens, Sterlite, Syndicate Bank, Tata Motors, Tata Steel, UCO Bank, Uniphos, Wipro
Bajaj Holdings, Biocon, Cairn India, CESC, Coal India, Divis Labs, HPCL, IB realestate, IOC, JP Associates, Karnataka Bank,
ONGC, Unitech, Unites Spirits
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