1. Daily Technical Outlook
16th July 2012
Indices * Close % Chg.
BSE SENSEX 17213.70 -0.11
Markets to remain range bound
S&P CNX NIFTY 5227.25 -0.15
The domestic markets witnessed a positive opening.
NIFTY JULY FUT. 5240.45 -0.21
However, lack of follow up buying support at higher levels
India VIX 18.26 -2.40 and selling pressure saw the markets come off the highs for
S&P CNX NIFTY Technical Levels the day. The overall trend remained range bound and listless.
Increased selling pressure was witnessed in the afternoon
Level 1 Level 2 Level 3
trade. The markets ended the day with modest losses to
Support 5114 5090 4950
close near the lows for the day. The top losers for the day
Resistance 5250 5333 5379 were BHEL, TCS, Jindal Steel, ACC, ITC, HUL, Powergrid,
Moving Averages S&P CNX NIFTY Hero Motocorp, Sun Pharma and Grasim.
50 Day SMA 5064.19
Technically, the market breadth remained negative
100 Day SMA 5173.35 amidst lower volumes. The Asian market cues are
200 Day SMA 5091.81 ◄Critical positive. The domestic markets are likely to witness a flat
opening. The prevailing technical negatives continued to
Market Breadth * BSE NSE
weigh on the market sentiment as Nifty continued to
Advances 1304 676
trade below the 5250 support level. The Stochastic, RSI
Declines 1474 810 and KST remain placed below their respective averages.
Same 137 80 Further, the Nifty’s 50-day SMA remains placed below its
Total 2915 1566 100-day SMA and 200-day SMA. These negative technical
A/D Ratio 0.88 : 1 0.83 : 1 conditions would continue to prompt selling pressure on
the bourses. However, a few technical positives still hold
Volume (Lacs Shares) * good. The MACD remains placed above its average.
13/07/12 12/07/12 % Chg. Moreover, the MACD and KST remain placed in the
BSE 2044 2106 -2.94 positive territory. The Nifty also remains placed above
NSE 5844 6265 -6.72 the 50-day SMA, 100-day SMA and 200-day SMA. These
Total 7888 8371 -5.77 positive technical conditions would lead to buying
support at lower levels. The ADX line, -DI line and +DI
Turnover ( ` Crores) * line are moving sideways, indicating a range bound
13/07/12 12/07/12 % Chg. market. The market sentiment remains cautious ahead of
BSE 1934.89 2189.00 -11.61 the inflation numbers to be announced on Monday and
NSE 8869.08 10324.67 -14.10
the Presidential polls to be held on July 19. Now it is
important that the Nifty moves and closes above the 5250
NSE F&O 98928.62 132986.11 -25.61
level otherwise increased selling pressure is likely to be
Total 109732.59 145499.78 -24.58
witnessed and Nifty could test its 200-day SMA placed
F&O Contracts Traded (NSE) * around 5091 level. The markets would witness
13/07/12 12/07/12 % Chg.
intermediate bouts of volatility. In the meanwhile the
markets would take cues from the earnings season, the
Index Fut. 330421 466714 -29.20
monthly inflation figure, which would have a baring on
Stock Fut. 406847 491423 -17.21
RBI’s next policy initiatives, Rupee, global markets and
Index Opt. 2696449 3587309 -24.83 the crude prices. The support levels for Nifty are placed at
Stock Opt. 263550 416504 -36.72 5114, 5091 and 4950. The Nifty faces resistance at the 5250,
Total 3697267 4961950 -21.04 5333, 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
Bajaj Hind. 33.80 Buy Above 34.50 32.45 5.94 39 13.04
Biocon 245.00 Buy Above 246.70 239.75 2.82 262 6.20
Cairn India 316.15 Buy Above 317.00 311.00 1.89 330 4.10
* 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 17214 17246 17310 17407 17567 17150 17086 16925
S&P CNX NIFTY 5227 5237 5257 5287 5338 5207 5187 5136
NIFTY JULY FUT. 5240 5249 5269 5297 5345 5221 5201 5153
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, Biocon, Cairn India, Cipla, DCB, Dena Bank, Divis Labs, Hero Motorcorp; Lupin, Oil India, ONGC
AB Nuvo, Adani Ports, Allahabad bank, Arvind, Ashok Leyland, Axis Bank, bank of India, bharti Airtel, Crompton Greaves,
Escorts, Federal Bank, FT, GSPL, Hexaware, Hind. Zinc, IVRCL, Jindal Steel, JSW Steel, Jubilant Food, LIC Housing, Maruti,
Mcleod Russel, Opto Circuit, Rel. Capital, Siemens, Sterlite, Tata Steel, Titan, Wipro
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