1. Daily Technical Outlook
7th June 2012
Indices * Close % Chg.
BSE SENSEX 16454.30 2.71
Short covering helps markets gain
S&P CNX NIFTY 4997.10 2.75
Mirroring the positive global market cues The domestic
NIFTY JUNE FUT. 4978.60 2.73
markets witnessed a gap up opening. Broad based buying
India VIX 24.90 -5.17 support was witnessed which led to short covering and
S&P CNX NIFTY Technical Levels helped the Nifty move above the 4950 resistance level.
Buying momentum increased once the Nifty was able to
Level 1 Level 2 Level 3
sustain above the 4950 level helping the Nifty to move above
Support 4950 4825 4777
the psychologically important 5000 level. The markets ended
Resistance 5070 5106 5250 the day with moderate gains to close near the highs for the
Moving Averages S&P CNX NIFTY day. The top gainers for the day were Tata Motors, Hero
50 Day SMA 5096.30
Motorcorp, L&T, Ambuja Cements, Rel. Infra, IDFC, Jindal
Steel, ITC, Sterlite and NTPC.
100 Day SMA 5192.04
200 Day SMA 5064.54 ◄ Critical
Technically, the market breadth remained robust amidst
Market Breadth * BSE NSE higher volumes, which is a positive sign for the market.
Advances 1849 1168
The global market cues are positive. The domestic
markets are likely to witness a gap up opening. The
Declines 894 319
prevailing technical positives helped the markets move
Same 123 67
higher. The Stochastic, RSI, and KST have moved above
Total 2866 1554 their respective averages. The MACD is already placed
A/D Ratio 2.07 : 1 3.66 : 1 above its average. Moreover, the Nifty’s 50-day SMA and
100-day SMA are placed above Nifty’s 200-day SMA. The
Volume (Lacs Shares) *
ADX and the –DI line continue to come down, indicating
06/06/12 05/06/12 % Chg.
short covering is happening, while the +DI line is moving
BSE 2096 1612 30.02 higher. These positive technical conditions would
NSE 6902 4986 38.41 prompt buying support and further short covering.
Total 8998 6598 36.36 However, a few technical negatives still continue to hold
good and would cap the upside gains The KST and
Turnover ( ` Crores) * MACD are placed in the negative territory and warn of
06/06/12 05/06/12 % Chg. impending selling pressure. The Nifty remains placed
BSE 2060.29 1819.60 13.23 below its 50-day SMA, 100-day SMA and 200-day SMA.
NSE 11678.46 8587.16 36.00 Moreover, the 50-day SMA is placed below its 100-day
NSE F&O 108848.26 73256.34 48.59 SMA. Further, the Nifty Futures continues to trade at a
Total 122587.01 83663.10 46.52
discount to the Nifty Spot price. The market sentiment
remains tentative as Nifty trades near the psychologically
F&O Contracts Traded (NSE) * important 5000 level. Now it is important that the markets
06/06/12 05/06/12 % Chg. witness follow up buying support at higher levels. The
Index Fut. 520113 400019 30.02 Nifty’s 200 week SMA support on weekly charts is placed
Stock Fut. 529010 411593 28.53
around 4825, which would act as good support level. In
the meanwhile the markets would take cues from the
Index Opt. 3220975 2076311 55.13
Rupee, global markets and the crude prices. The support
Stock Opt. 191948 147706 29.95
levels for Nifty are placed at 4950, 4824, 4777, 4742, 4624
Total 4462046 3035629 39.17 and 4530. The Nifty faces resistance at the 5070, 5106 and
NOTE - *- Source – BSE & NSE 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
Asian Paints 3824.05 Buy Above 3830 3776.00 1.41 3950 3.13
Axis Bank 1020.35 Buy Above 1025 1009.00 1.56 1060 3.41
TGT of 1950
Achieved
given Buy @
1875 on
Hero Motorcorp 1955.05 Buy Above 1960 1919.00 2.09 2050 4.59 06/06/12
* 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 16454 16350 16599 16744 17138 16205 15956 15561
S&P CNX NIFTY 4997 4965 5043 5089 5213 4919 4840 4716
NIFTY JUNE FUT. 4979 4950 5017 5055 5160 4912 4845 4739
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
ACC, Allahabad Bank, Andhra Bank, APIL, Ashok Leyland, Axis Bank, Bank of baroda, Bank of India, BHEL, Bhushan Steel,
Canara Bank, DCB, FT, HCC, HDFC, HDFC Bank, Hero Motorcorp, IDFC, IRB Infra, IVRCL, Jindal Saw, Kotak Bank,
Karnataka Bank, L&T, M&M, NTPC, ONGC, Oriental Bank, Pantaloon Retail, Powergrid, PTC, Reliance, Rel. Infra, Rel.
Power, SBI, Sterlite, Tata Chemicals, TCS, Wipro
Balrampur Chini, Colgate, IOC
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