1. Daily Technical Outlook
1st June 2012
Indices * Close % Chg. Mirroring the weak global market cues the domestic markets
BSE SENSEX 16218.53 -0.57 witnessed a negative opening. Selling pressure was
S&P CNX NIFTY 4924.25 -0.54 witnessed in the morning trade as the Rupee continued to
NIFTY JUNE FUT. 4921.60 -0.21 depreciate touching our target of 46.50. However, short
India VIX 25.25 -0.19 covering and selective buying support was witnessed which
helped the markets move higher and trade above the 4900
S&P CNX NIFTY Technical Levels level. However, the Nifty failed to test the 4950 resistance
Level 1 Level 2 Level 3 level. The markets ended the day with modest losses to close
Support 4777 4742 4624 near the highs for the day. The top losers for the day were
Resistance 4950 5070 5106 Tata Motors, Maruti,
Moving Averages S&P CNX NIFTY Technically, the market breadth remained subdue amidst
50 Day SMA 5126.41 higher volumes, which is a negative sign for the markets.
100 Day SMA 5189.31 The global market cues are negative. The domestic
200 Day SMA 5068.31 ◄ Critical markets are likely to witness a gap down opening. The
prevailing technical negatives and depreciating Rupee
Market Breadth BSE NSE continued to weigh on market sentiment. The Stochastic
Advances 1184 639 is placed below its average. Moreover, the KST and
Declines 1416 835 MACD are placed in the negative territory and warn of
Same 107 60 impending selling pressure. The Nifty remains placed
Total 2707 1534 below its 50-day SMA, 100-day SMA and 200-day SMA.
A/D Ratio 0.84 : 1 0.77 : 1 Moreover, the 50-day SMA is placed below its 100-day
SMA. These negative technical conditions would lead to
Volume (Lacs Shares) * selling pressure at regular intervals. However, a few
31/05/12 30/05/12 % Chg. positive technical conditions still hold good. The RSI,
BSE 1747 1919 -8.96 KST and MACD all are still placed above their respective
NSE 9122 5471 66.71 averages. Moreover, the Nifty’s 50-day SMA and 100-day
Total 10869 7390 47.06
SMA are placed above Nifty’s 200-day SMA. These
positive technical conditions would prompt buying
Turnover ( ` Crores) * support and short covering at lower levels. The ADX line,
31/05/12 30/05/12 % Chg. the –DI line and +DI line are moving sideways, indicating
BSE 1782.54 1749.05 1.91
a range bound trend. The market sentiment remains
tentative. Now it is important that the markets move and
NSE 16178.35 9062.29 78.52
sustain above the 4950 resistance level. Incase Nifty fails
NSE F&O 195703.89 148077.46 32.16
to close and sustain above it then increased selling
Total 213664.78 158888.80 34.47 pressure is likely to be witnessed and Nifty could
F&O Contracts Traded (NSE) * possibly test the 4742 level. In the meanwhile the
markets would take cues from the Indian GDP data to be
31/05/12 30/05/12 % Chg.
announced today, USDINR, global markets and the crude
Index Fut. 783992 587551 33.43
prices. The support levels for Nifty are placed at 4777, 4742,
Stock Fut. 1164170 916652 27.00 4624 and 4530. The Nifty faces resistance at the 4950, 5070,
Index Opt. 5837042 4308013 35.49 5106 and 5250 levels.
Stock Opt. 262265 222598 17.82
Total 8047469 6034814 25.99
NOTE - *- Source – BSE & NSE
Sanjay Bhatia (AVP – Technicals), Email Id sanjay@keynotecapitals.net Yahoo Chat 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 Fut 970.95 Sell Below 967.00 988.00 2.17 920 4.86
Andhra Bank 108.70 Buy Above 109.45 107.00 2.24 114 4.16
Areva 170.15 Buy Above 171.00 167.00 2.34 180 5.26
* 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 16219 16194 16302 16385 16577 16111 16003 15811
S&P CNX NIFTY 4924 4919 4954 4985 5050 4889 4853 4788
NIFTY JUNE FUT. 4922 4912 4941 4961 5010 4892 4862 4813
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
Ashok Leyland, Asian Paints, Bank of India, Dena Bank, FT, HUL, JSW Steel, Kotak Bank, NTPC, Reliance, SAIL, Sesa Goa,
Ultratech Cement, ZEEL
GAIL, Grasim, Hexaware, ICICI Bank, IDBI Bank, IGL, Indusind Bank, United Spirits, NHPC, Oil India, Ranbaxy, REC, Rel.
Infra, Sun TV, Suzlon, Tata Chemicals, Tata Motors, TTK Prestige
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