1. Daily Technical Outlook
20th June 2012
Indices * Close % Chg.
BSE SENSEX 16859.80 0.92
Directionless session leads to choppiness
S&P CNX NIFTY 5103.85 0.78
Mirroring the weak global market sentiment; the domestic
NIFTY JUNE FUT. 5110.60 1.02
markets witnessed a negative opening. However, the over all
India VIX 21.43 -5.17 trend remained range bound and choppy as markets
S&P CNX NIFTY Technical Levels struggled to find direction. Buying was concentrated mainly in
index heavyweight stocks as breadth remained negative. The
Level 1 Level 2 Level 3
markets ended the day with moderate gains to close near the
Support 5073 4950 4841
highs for the day closing above the 200-day SMA. The top
Resistance 5114 5250 5333 gainers for the day were Ambuja Cement, GAIL, Siemens,
Moving Averages S&P CNX NIFTY Reliance, ITC, Ranbaxy, IDFC, Bharti AIirtel, BPCL and
50 Day SMA 5063.93
Grasim.
100 Day SMA 5199.14 Technically, the market breadth remained neutral amidst
200 Day SMA 5073.22 ◄Critical lower volumes. The global market cues are positive. The
domestic markets are likely to witness a flat opening. The
Market Breadth * BSE NSE
Nifty once again closed above its long term 200-day
Advances 1350 709
SMA. The prevailing technical positives helped the
Declines 1321 733 markets witness short covering and selective buying
Same 135 84 support. The RSI has moved above its average. The
Total 2806 1526 MACD and the KST are already placed above their
A/D Ratio 1.02 : 1 0.97 : 1 respective averages and are also placed in the positive
territory, which augurs well for the markets. The Nifty has
Volume (Lacs Shares) * crossed the 50-day SMA and 200-day SMA. The Nifty
19/06/12 18/06/12 % Chg. basis has once again turned positive as Nifty futures
BSE 1605 1794 -10.54 trades at a premium to Nifty spot index. However, the
NSE 5419 5881 -7.85 prevailing technical negatives are likely to cap upside
Total 7024 7675 -8.48 gains. The Stochastic remains placed below its average.
The Nifty remains placed below its 100-day SMA.
Turnover ( ` Crores) * Moreover, the 50-day SMA is placed below its 100-day
19/06/12 18/06/12 % Chg. SMA and 200-day SMA. These negative conditions would
BSE 1865.85 1942.50 -3.95 result in regular bouts of profit taking and selling
NSE 9080.63 9751.65 -6.88
pressure. The ADX line, +DI line and the –DI line are
moving sideways indicating a range bound trend. The
NSE F&O 152482.69 191592.93 -20.41
market sentiment remains tentative. Now it is important
Total 163429.17 203287.08 -19.61
that the markets witness follow up buying support at
F&O Contracts Traded (NSE) * higher levels for Nifty to sustain above its 200-day SMA.
19/06/12 18/06/12 % Chg.
The markets would witness volatility and choppiness as
it struggles to find a secular direction. In the meanwhile
Index Fut. 608218 691947 -12.10
the markets would take cues from, the news flow on
Stock Fut. 539132 571573 -5.68
FOMC meeting, Rupee, global markets and the crude
Index Opt. 4672279 6012215 -22.29 prices. The support levels for Nifty are placed at 4950, 4841,
Stock Opt. 248516 308790 -19.52 4777 and 4624. The Nifty faces resistance at the 5071, 5114,
Total 6068145 7584525 -18.46 5250, 5333 and 5379 levels.
NOTE - *- Source – BSE & NSE
Sanjay Bhatia (AVP – Technical Research), Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in
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The Ruby, 9 Floor, Senapati Bapat Marg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
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2. Jaldi 5
(Short Term Technical Ideas for 5 Trading Days)
Stop
Initiation Stop Loss Target
Stock Close Action Price Loss * (%) Target (%) Remarks
Arvind Fut 69.05 Sell Below 68.00 70.25 3.31 63 7.35
Bank of India Fut 328.30 Sell Below 326.00 333.25 2.22 305 6.44
Coal India 344.00 Buy Above 344.25 337.00 2.11 360 4.58
* 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 16860 16811 16939 17019 17227 16731 16602 16394
S&P CNX NIFTY 5104 5089 5129 5154 5220 5063 5023 4958
NIFTY JUNE FUT. 5111 5093 5139 5167 5240 5065 5019 4945
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
ABG Shipyard, Ambuja Cements, APIL, Divis Labs, FT, GAIL, HPCL, Lupin, Mcleod Russel, Piramal Healthcare, Powergrid,
Ranbaxy, Sobha, Sun Pharma
Apollo Tyre, Areva, Arvind, BHEL, Colgate, GE Shipping, Godrej Industries, Hexaware, Infosys Tech; NHPC, Petronet, PNB,
Sesa Goa, Sterlite, Tata Chemicals, Tata Power, Union Bank, Videocon, Welcorp, Yes Bank, ZEEL
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