Morning Note

24 JULY 2013
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FIRST LIGHT HEADINGS

DATA MATRIX OF LAST SESSION
INDEX Sensex Nifty Midcap Smallcap Close 20302 6078 5999 5682 %Chg 0.71 0.76 0.05 -0.11

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 1632 9740 175601 5783

%Chg
-1.15 10.86 19.97 -96.31

MARKET INSIGHT
On Tuesday 23 July 2013, Overnight gains of US markets on account of weaker-than-

NET INFLOWS (Rs Crs)

FIIs DIIs 211.4 60.9

%Chg
-152.07 -79.69

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 18849.38 56928.70 30614.72 3624.08

%Chg
13.54 1.14 2.51 1.18

expected US economic data that buoyed expectations of continued monetary stimulus from the Federal Reserve, mainly led to positive start at Indian equity markets, in line with Asian counterparts. Further, significant gains of stocks from Consumer Durables, Fast Moving Consumer Goods and Realty counters sustained the uptrend of bourses. Additionally, Gems and jewellery stocks which came under pressure in trade on Tuesday rebounded in afternoon trade with PC Jeweller, Titan Industries, TBZ and Shree Ganesh Jewellery leading the gains. Shares of jewellery makers like Titan Industries, PC Jeweller moved higher as the move by the RBI to withdraw restriction on import of gold on consignment basis and against letters of credit is a positive for these companies. The market breadth on the BSE ended negative; advances and declining stocks were in a ratio of 1148: 1150, while 174 scrips remained unchanged. On the global front, Asian stocks extended gains on Tuesday on expectations that Beijing will fine-tune its policies to support China's economic growth and as the Japanese government upgraded its view of the economy for a third straight month. The BSE Sensex gained 134.59 points or 0.67% to settle at 20293.71.The index touched a high and a low of 20351.06 and 20249.98 respectively. The BSE Mid cap index ended higher by 0.10% and Small cap index ended lower by 0.12%. On the BSE Sectoral front, Consumer Durables up by 4.07%, FMCG up by 1.52%, Realty up by 1.31%, Bankex up by 1.19% and PSU up by 1.00% were the top gainers, while there were no losers in the space. (Provisional) India VIX, a gauge for markets short term expectation of volatility lost 5.16% at 16.72 from its previous close of 17.63 on Monday. The CNX Nifty gained 43.65 points or 0.72% to settle at 6,075.45. The index touched high and low of 6,093.35 and 6,061.30 respectively. Out of the 50 stocks on the Nifty, 34 ended in the green, while 16 ended in the red. All the major Asian markets concluded Tuesday's trade in green. China's Shanghai Composite gained around two percent led by heavyweights in the financial sector, non-ferrous metal producers and railway firms. Japan's Nikkei too ended the trade in green supported by hopes of an economic recovery in the country and a halt in the yen's climb against the US dollar. South Korean shares gained for the second straight session as foreigners snapped up local stocks on expectations of good second-quarter earnings season. Indonesia's Jakarta Composite concluded the trade in green. Meanwhile Singapore's headline inflation inched slightly higher to 1.8% in June from a year-on-year rise of 1.6% in May, mainly due to petrol pump prices which increased with the recent pick-up in global oil prices.

World Indices
Dow Jones Nasdaq FTSE 100 155568 3579 6597

%Chg
900.69 -0.58 -0.39

Commodity
Crude (US$/bl)

%Chg
106.9 1343.5 -0.09 0.56

Gold (US$/oz) Top 5 Movers BANKBARODA KOTAKBANK IDFC HINDUNILVR DLF

Close Price
620 731 129.15 720 174.85

%Chg
5.23 4.33 3.57 3.28 2.85

Top 5 Loser
ASIANPAINT BHARTIARTL ULTRACEMCO POWERGRID AMBUJACEM

Close Price
4,950.00 329.7 1,895.00 109.75 195.15

%Chg
-1.99 -1.9 -1.28 -1.26 -1.21

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: After two sessions of consolidation, benchmarks resumed their northbound journey with vigor on Tuesday. The session was fairly optimistic right from the start of trade, where benchmark equity indices tailing positive global cues, made a gap-up start and kept gyrating in narrow range till final hours of trade, when slight profit-booking emerged. Nevertheless, Sensex and Nifty, by the close of trade, were up over half a percent and ended past the crucial 20,150 and 6050 levels respectively. Meanwhile, the session turned out to be muted for broader indices that made flattish to negative close. For the upcoming sessions we believe spot index may continue its upward journey however 6090-6130 could be the near term resistance zone where profit booking opportunities cant be rule out. On the flip side 5860 followed by 5730 may be the crucial support levels. Happy trading.................

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
19805 5960 10805

Support 1
20115 6022 11030

Previous Close
20302 6078 11234

Resistance 1
20490 6136 11422

Resistance 2
20622 6195 11598

Trend
Rangebound Rangebound Rangebound

Please refer to important disclosures at the end of this report

For Private circulation Only

For Our Clients Only

Mansukh Securities and Finance Ltd

Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar, New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710, Email: research@moneysukh.com, Website: www.moneysukh.com

SEBI RegnBSE: No.INB BSE: INB010985834 / NSE: INB230781431 SEBI Reg.No: 010985834, F&O: INF 010985834
PMS Regn No. INP000002387 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293

Morning Note
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NAME
Varun Gupta Mohit Taneja Vikram Singh

DESIGNATION
Head - Research Research Analyst Research Analyst

E-MAIL
varungupta@moneysukh.com mohit.t@moneysukh.com vikram_research@moneysukh.com

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Please refer to important disclosures at the end of this report

For Private circulation Only

For Our Clients Only

Mansukh Securities and Finance Ltd

Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar, New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710, Email: research@moneysukh.com, Website: www.moneysukh.com

SEBI RegnBSE: No.INB BSE: INB010985834 / NSE: INB230781431 SEBI Reg.No: 010985834, F&O: INF 010985834
PMS Regn No. INP000002387 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293