1. Daily Technical Outlook
12th June 2012
Indices * Close % Chg.
Markets surrender gains on downgrade threat
BSE SENSEX 16668.01 -0.30
S&P CNX NIFTY 5054.10 -0.28
Mirroring the positive global market cues the domestic
NIFTY JUNE FUT. 5052.60 -0.13 markets witnessed a gap up opening. Broad based buying
India VIX 25.02 6.60 support was witnessed leading to short covering helping the
S&P CNX NIFTY Technical Levels
markets move above the 5100 level. However, lack of follow
up buying support and regular bouts of profit taking saw the
Level 1 Level 2 Level 3
markets come off the highs for the day. Increased selling
Support 4950 4825 4777
pressure was witnessed after S&P threatened to downgrade
Resistance 5067 5114 5250 India. The markets ended the day with modest losses to close
Moving Averages S&P CNX NIFTY
near the lows for the day. The top gainers for the day were
HCL Tech; Cipla, L&T, BHEL, ONGC, M&M, DLF, Sesa Goa,
50 Day SMA 5087.41
Ranbaxy and Tata Motors.
100 Day SMA 5196.69
200 Day SMA 5066.96 ◄ Critical Technically, the market breadth remained positive amidst
higher volumes. The global market cues are subdued.
Market Breadth * BSE NSE The domestic markets are likely to witness a flat to
Advances 1447 769 negative opening. As we had indicated the markets
Declines 1260 693 witnessed profit taking as the Stochastic was placed in
Same 144 94 the over bought zone. The prevailing technical negatives
Total 2851 1556 still continue to hold good and are likely to cap upside
A/D Ratio 1.15 : 1 1.11 : 1 gains. The Stochastic remains placed in the over bought
zone, which would result in profit taking at regular
Volume (Lacs Shares) * intervals. The Nifty remains placed below its 50-day SMA,
11/06/12 08/06/12 % Chg. 100-day SMA and 200-day SMA. Moreover, the 50-day
BSE 2035 1859 9.47 SMA is placed below its 100-day SMA. These negative
NSE 7228 6198 16.63 conditions would result in regular bouts of profit taking
Total 9263 8057 14.97
and selling pressure. However, a few technical positives
still hold good. The Stochastic, RSI, MACD and KST all
Turnover ( ` Crores) * are placed above their respective averages. The KST and
11/06/12 08/06/12 % Chg. MACD are also placed in the positive territory. Moreover,
BSE 1947.16 1970.93 -1.21 the Nifty’s 50-day SMA and 100-day SMA are placed
above Nifty’s 200-day SMA. The +DI line remains placed
NSE 9620.09 9740.85 -1.24
above the 30 level indicating buyers are gaining strength,
NSE F&O 112566.68 105098.49 7.11
while the +ADX and the –DI line continue to move lower,
Total 124133.93 116810.27 6.27
indicating short covering is happening. These positive
F&O Contracts Traded (NSE) * technical conditions would prompt buying support and
short covering at lower levels. The market sentiment
11/06/12 08/06/12 % Chg.
remains tentative as markets remain at crossroads. Now
Index Fut. 466961 538746 -13.32
it is important that the Nifty moves and sustains above
Stock Fut. 499566 519665 -3.87 its 200-day SMA for sustainable buying support to
Index Opt. 3333418 3017473 10.47 emerge. In the meanwhile the markets would take cues
Stock Opt. 196782 182733 7.69 from the IIP numbers to be announced today, Rupee,
Total 4496727 4258617 7.75 global markets and the crude prices. The support levels for
NOTE - *- Source – BSE & NSE
Nifty are placed at 4950, 4824 and 4777. The Nifty faces
resistance at the 5067, 5114 and 5250 levels.
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
Adani Ports Fut 125.00 Sell Below 123.00 125.70 2.20 117 4.88
Bhushan Steel Fut 449.25 Sell Below 447.00 454.65 1.71 430 3.80
Bombay Dying 496.15 Buy Above 501.00 488.00 2.59 530 5.79
* 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 16668 16730 16832 16996 17262 16566 16463 16197
S&P CNX NIFTY 5054 5073 5105 5157 5241 5022 4989 4906
NIFTY JUNE FUT. 5053 5070 5106 5160 5249 5017 4981 4891
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
Andhra Bank, GAIl, GE Shipping, Grasim, GVK, HUL, ITC, Jubilant Foods, Syndicate Bank, Tata Chem; Tata Power, Titan,
TTK Prestige, Voltas
APIL, Bata, BEML, Cairn India, Cipla, Delta Corp; Divis Labs, Glaxo, Godrej Inds; HCL Tech; Hero Motocorp; Hexaware, Hind.
Zinc, IOC, Jindal Steel, Lupin, MRPL, Oil India, ONGC
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