Daily Technical Outlook
8th June 2012
Indices * Close % Chg.
BSE SENSEX 16649.05 1.18
5065 critical level for the markets
S&P CNX NIFTY 5049.65 1.05
Mirroring the firm global market cues the domestic markets
NIFTY JUNE FUT. 5029.35 1.02
witnessed a gap up opening. Profit booking and selling
India VIX 23.64 -5.06 pressure was witnessed at higher levels. However, the
S&P CNX NIFTY Technical Levels markets managed to come off the lows in the afternoon
session. Broad based buying support was witnessed leading
Level 1 Level 2 Level 3
to short covering and helped the Nifty move above the
Support 4950 4825 4777
psychologically important 5000 level. The markets ended the
Resistance 5065 5106 5250 day with moderate gains to close near the highs for the day.
Moving Averages S&P CNX NIFTY The top gainers for the day were Sterlite, Axis Bank, Sesa
50 Day SMA 5092.43
Goa, JP Associates, HDFC Bank, Maruti, DLF, Rel. Infra,
hero Motorcorp and Cairn India.
100 Day SMA 5193.88
200 Day SMA 5065.07 ◄ Critical
Technically, the market breadth remained positive amidst
Market Breadth * BSE NSE lower volumes. The global market cues are divergent.
Advances 1527 848
The domestic markets are likely to witness a flat opening.
The prevailing technical positives helped the markets
Declines 1172 589
move higher closer to its 200-day SMA. The Stochastic,
Same 125 101
RSI, MACD and KST all are placed above their respective
Total 2824 1538 averages. The KST and MACD have also moved in the
A/D Ratio 1.30 : 1 1.44 : 1 positive territory which augurs well for the market.
Moreover, the Nifty’s 50-day SMA and 100-day SMA are
Volume (Lacs Shares) *
placed above Nifty’s 200-day SMA. The ADX and the –DI
07/06/12 06/06/12 % Chg.
line continue to come down, indicating short covering is
BSE 2044 2096 -2.48 happening, while the +DI line has moved above the 30
NSE 6515 6902 -5.60 level indicating buyers are gaining strength. These
Total 8559 8998 -4.87 positive technical conditions would prompt further
buying support and short covering. However, a few
Turnover ( ` Crores) * technical negatives still continue to hold good and would
07/06/12 06/06/12 % Chg. cap upside gains The Nifty remains placed below its 50-
BSE 2176.65 2060.29 5.65 day SMA, 100-day SMA and 200-day SMA. Moreover, the
NSE 10686.39 11678.46 -8.49 50-day SMA is placed below its 100-day SMA. Further,
NSE F&O 90505.21 108848.26 -16.85 the Nifty June Future continues to trade at a discount to
Total 103368.25 122587.01 -15.68
the Nifty Spot price. The market sentiment remains
tentative as Nifty nears its 200-day SMA placed at 5065.
F&O Contracts Traded (NSE) * Now it is important that the markets witness follow up
07/06/12 06/06/12 % Chg. buying support at higher levels for the Nifty to move and
Index Fut. 427933 520113 -17.72 sustain above this critical level. In the meanwhile the
Stock Fut. 495334 529010 -6.37
markets would take cues from the Rupee, global markets
and the crude prices. The support levels for Nifty are placed
Index Opt. 2578291 3220975 -19.95
at 4950, 4824, 4777, 4742, 4624 and 4530. The Nifty faces
Stock Opt. 180604 191948 -5.91
resistance at the 5065, 5106 and 5250 levels.
Total 3682162 4462046 -14.66
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

Jaldi 5
(Short Term Technical Ideas for 5 Trading Days)
Stop
Initiation Stop Loss Target
Stock Close Action Price Loss * (%) Target (%) Remarks
Ashok Leyland 27.80 Buy Above 28 26.65 4.82 31 10.71
TGT of 1030
& 1060
Achieved
given Buy @
994 & 1025
on June 5 &
Axis Bank 1057.10 Buy Above 1062 1029.00 3.11 1135 6.87 6' 2012
HDFC Bank 537.80 Buy Above 543 528.60 2.65 575 5.89
* 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 16649 16617 16713 16777 16938 16552 16456 16295
S&P CNX NIFTY 5050 5039 5070 5091 5143 5018 4987 4935
NIFTY JUNE FUT. 5029 5016 5051 5072 5129 4994 4960 4903
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

Stocks to watch out today
Aban, Asian Paints, Ashok Leyland, Axis Bank, Bank of India, BF Utilities, Bhushan Steel, Bombay Dying, CBI, Century ICICI
Textiles, Chambal Fert., Delta Corp, DLF, Educomp, HDFC Bank, HDIl, Hero Motorcorp, Hexaware, HOECL, IB Realestate,
Bank, IFCI, India Infoline, IVRCL, Jet Airways, Jindal Steel, Jain Irrigaion, JP Associates, JSW Steel, M&M, Maruti, Max India,
McDowell, NTPC, ONGC, Onmobile, Patel Engg; PFC, Polaris, Punj Lloyd, Rel. Comm; Rel. Capital, Rel. Infra, Renuka, Rel.
Power, Sesa goa, Sterlite, TTK Prestige, Union Bank, ZEEL
BEML, Cipla, HPCL, IOC, Oil India, Ultratech Cemco
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