1. Daily Technical Outlook
21st June 2012
Indices * Close % Chg.
BSE SENSEX 16896.63 0.22
Listless trading to continue
S&P CNX NIFTY 5120.55 0.33
Mirroring the positive global market sentiment; the domestic
NIFTY JUNE FUT. 5122.45 0.23
markets witnessed a flat but positive opening. The markets
India VIX 21.03 -1.86 continued to remain listless and range bound as it struggled
S&P CNX NIFTY Technical Levels to find a direction. The volumes recorded remained on the
lower side. The markets ended the day with modest gains to
Level 1 Level 2 Level 3
close near the highs for the day. The top gainers for the day
Support 5114 5073 4950
were ACC, Tata Motors, Sesa Goa, Sterlite, Dr. Reddys,
Resistance 5250 5333 5379 Jindal Steel, HCL Tech; ONGC, JP Associates and Hero
Moving Averages S&P CNX NIFTY Motocorp.
50 Day SMA 5061.81
Technically, the market breadth remained positive amidst
100 Day SMA 5198.30 higher volumes, which is a positive sign for the markets.
200 Day SMA 5073.63 ◄Critical The Asian market cues are negative. The domestic
markets are likely to witness a subdue opening. The
Market Breadth * BSE NSE
prevailing technical positives helped the markets witness
Advances 1617 915
selective buying support. The RSI, the MACD and the
Declines 1090 538 KST are placed above their respective averages. More so
Same 146 103 the MACD and KST are also placed in the positive
Total 2853 1556 territory, which augurs well for the markets. The Nifty is
A/D Ratio 1.48 : 1 1.70 : 1 placed above the 50-day SMA and 200-day SMA. The
Nifty basis has turned positive as Nifty futures trades at a
Volume (Lacs Shares) * premium to Nifty spot index. However, the prevailing
20/06/12 19/06/12 % Chg. technical negatives continue to hold good and are likely
BSE 1824 1605 13.64 to cap upside gains. The Stochastic remains placed
NSE 5444 5419 0.45 below its average. The Nifty remains placed below its
Total 7268 7024 3.47 100-day SMA. Moreover, the 50-day SMA is placed below
its 100-day SMA and 200-day SMA. These negative
Turnover ( ` Crores) * conditions would result in regular bouts of profit taking
20/06/12 19/06/12 % Chg. and selling pressure. The ADX line, +DI line and the –DI
BSE 1903.98 1865.85 2.04 line are moving sideways indicating a range bound trend.
NSE 9316.46 9080.63 2.60
The market sentiment remains tentative. Now it is
important that the markets witness follow up buying
NSE F&O 118567.04 152482.69 -22.24
support at regular intervals for Nifty to sustain above its
Total 129787.48 163429.17 -20.58
200-day SMA. The markets would witness volatility and
F&O Contracts Traded (NSE) * choppiness as it struggles to find a secular direction. In
20/06/12 19/06/12 % Chg.
the meanwhile the markets would take cues from, the
outcome of FOMC meeting, Rupee, global markets and
Index Fut. 379903 608218 -37.54
the crude prices. The support levels for Nifty are placed at
Stock Fut. 505799 539132 -6.18
5114, 5073, 4950, 4841 and 4777. The Nifty faces resistance
Index Opt. 3643574 4672279 -22.02 at the 5250, 5333, 5379 and 5500 levels.
Stock Opt. 179452 248516 -27.79
Total 4708728 6068145 -18.09
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
AB Nuvo 787.20 Buy Above 790 769.75 2.56 835 5.70
Century Textiles 288.75 Buy Above 294 286.75 2.47 310 5.44
Bata 820.90 Buy Above 825 809.25 1.91 860 4.24
* 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 16897 16900 16959 17022 17145 16837 16777 16655
S&P CNX NIFTY 5121 5121 5141 5162 5203 5100 5080 5039
NIFTY JUNE FUT. 5122 5121 5145 5169 5216 5098 5073 5026
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
Allahabad Bank, APIL, Bata, BEML, BGR Energy, Century Textiles, CESC, Crompton Greaves, Dabur, Dish TV, Divis Labs,
Dr. Reddys, Educomp, GVK, Grasim, Havells, HCC, HCL Tech; Hero Motorcorp, Hexaware, HOECL, HPCL, HUL, Hind. Zinc,
India Cement, IOC, Jet Airways, Jindal Steel, JSW Steel, Lupin, McDowell, Mcleod Russel, Pantaloon Retail, Patel Engg;
Piramal Healthcare, Siemens, Sintex, Sun Pharma, Tata Coffee
Bajaj Holdings, Chambal Fert; Cummins, Infosys Tech.
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