1. Daily Technical Outlook
4th June 2012
Indices * Close % Chg. 200-Day Weekly SMA a crucial support for markets
BSE SENSEX 15965.16 -1.56
S&P CNX NIFTY 4841.6 -1.68 Mirroring the weak global market cues the domestic markets
NIFTY JUNE FUT. 4824.55 -2.18 witnessed a negative opening. Sustained selling pressure
India VIX 26.77 6.01 was witnessed as markets moved lower. The markets failed
to show any resilience against the selling pressure as buying
S&P CNX NIFTY Technical Levels support once again remained absent. The markets ended the
Level 1 Level 2 Level 3 day with moderate losses to close near the lows for the day.
Support 4824 4777 4742 The top losers for the day were Asian Paints, Cairn India,
Resistance 4950 5070 5106 Siemens, Bank of Baroda, Ranbaxy, Rel. Infra, HCL Tech;
SAIL, IDFC and Tata Motors.
Moving Averages S&P CNX NIFTY
50 Day SMA 5115.95 Technically, the market breadth remained negative
100 Day SMA 5190.38 amidst lower volumes. The global market cues are
200 Day SMA 5066.82 ◄ Critical negative. The domestic markets are likely to witness a
gap down opening. The prevailing technical negatives
Market Breadth * BSE NSE continued to weigh on market sentiment. The KST and
Advances 850 376 RSI have slipped below their respective averages.
Declines 1830 1092 Moreover, the Stochastic is already placed below its
Same 118 72 average. The KST and MACD are placed in the negative
Total 2798 1540 territory and warn of impending selling pressure. The
A/D Ratio 0.46 : 1 0.34 : 1 Nifty remains placed below its 50-day SMA, 100-day SMA
and 200-day SMA. Moreover, the 50-day SMA is placed
Volume (Lacs Shares) * below its 100-day SMA. These negative technical
01/06/12 31/05/12 % Chg. conditions would lead to further selling pressure.
BSE 2029 1747 16.14 However, a few positive technical conditions still hold
NSE 5483 9122 -39.89
good. The MACD is still placed above its average.
Moreover, the Nifty’s 50-day SMA and 100-day SMA are
Total 7512 10869 -30.88
placed above Nifty’s 200-day SMA. These positive
Turnover ( ` Crores) * technical conditions would prompt short covering and
01/06/12 31/05/12 % Chg. selective buying support at lower levels. The ADX line is
BSE 1873.85 1782.54 5.12
moving higher, while the –DI line is placed above its 30
level indicating sellers have an upper hand. The +DI line
NSE 8947.20 16178.35 -44.70
is moving lower. The market sentiment has turned
NSE F&O 79781.44 195703.89 -59.23
negative. Now it is important that the markets witness
Total 90602.49 213664.78 -57.60 buying support and move above the 4950 resistance
F&O Contracts Traded (NSE) * level. The Nifty’s 200 day SMA support on weekly charts
is placed at 4824, which should act as good support
01/06/12 31/05/12 % Chg.
level. If Nifty fails to take support at this level then it is
Index Fut. 444173 783992 -43.34 likely to move lower and possibly test the 4742 level. In
Stock Fut. 464907 1164170 -60.07 the meanwhile the markets would take cues from the
Index Opt. 2271315 5837042 -61.09 USDINR, global markets and the crude prices. The
Stock Opt. 147652 262265 -43.70 support levels for Nifty are placed at 4824, 4777, 4742, 4624
Total 3328047 8047469 -45.73 and 4530. The Nifty faces resistance at the 4950, 5070, 5106
and 5250 levels.
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
ABB Fut 704.95 Sell Below 700.00 711.25 1.61 675 3.57
Bata Fut 864.05 Sell Below 860.00 873.50 1.57 830 3.49
TGT of 410
Achieved
given Sell @
433 on
BEML Fut 419.00 Sell Below 415.00 426.25 2.71 390 6.02 30/05/12
* 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 15965 16042 16150 16334 16627 15857 15749 15456
S&P CNX NIFTY 4842 4866 4900 4959 5053 4807 4773 4680
NIFTY JUNE FUT. 4825 4851 4888 4951 5050 4788 4752 4652
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
Arvind, Bata, BEML, Federal Bank, GE Shipping, Grasim, Havells, HCL Tech; Hexaware, IDBI Bank, IVRCL, Jet Airways,
Jindal Steel, JSW Energy, L&T, Maruti, NHPC, Ranbaxy, Rel. Comm; Rel. Capital, Rel. Infra, Rel. Power, Sun TV, Suzlon, VIP
GAIL, ITC, JP Power, Neyveli Lignite, Ultratech
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