Morning Notes 23.03.

2010

DATA MATRIX of 22.03.2010 MARKET INSIGHTS: On Monday, 22 March 2010,The key benchmark indices retreated
INDEX Close Chg Chg% from two month highs hit on Friday 19 March 2010 and snapped last four days gains on
subdued global stocks on worries over Greece's debt crisis and surprise rate hike by the
Sensex 17410 -168 -0.96%
Nifty 5205 -58 -1.10%
Indian central bank. The BSE 30-share Sensex was provisionally down 185.12 points or
Midcap 6693 -71 -1.05% 1.05%, up close to 55 points from the day's low and off close to 165 points from the day's high.
Smallcap 8422 -73 -0.86% Investors offloaded shares after the Reserve Bank of India (RBI) late on Friday 19 March
2010, unexpectedly raised interest rates from record-low levels, citing intensifying
inflationary pressures and a steady economic recovery. Metal stocks fell on decline in metal
VALUE TRADED (Rs Crs) Chg%
prices on the London Metal Exchange on Friday, 19 March 2010. Rate sensitive banking,
BSE 4619 -5.48%
realty and auto stocks also fell after the central bank raised interest rates. The market breadth
NSE 12403 -7.24%
was weak.
F&O Total 102533 35.19%
European shares slipped for a third day on Monday, with drug makers down after the
NET INFLOWS (Rs Crs) Chg% House of Representatives approved an overhaul of the U.S. healthcare system, while
renewed worries over Greece hurt banks. The key benchmark indices in France, Germany
FIIs 303 6.69% and UK fell by 0.74% to 0.96%. Asian stocks and the euro fell on Monday on renewed
DIIs -33 -129.20% concerns over Greece's debt problems ahead of a euro zone summit, while India's surprise
interest rate hike last week weighed on commodity currencies.. The key benchmark indices
FII OPEN INTEREST (Crs) Chg% in Hong Kong, Indonesia, South Korea, Singapore and Taiwan fell by 0.78% to 2.05%. But,
China's Shanghai Composite rose 0.22%. Japanese market was closed on Monday for a
FII Index Futures 13152 5.34%
national holiday.
FII Index Options 44787 1.22%
FII Stock Futures 28846 0.47% NEWS ROOM: The central bank late on Friday, 19 March 2010, raised the repo rate, the
FII Stock Options 895 -1.65% rate at which it lends to banks to 5% from 4.75% and reverse repo rate, the rate which it
absorbs funds from the system to 3.50% from 3.25% with immediate effect. India is the
World Indices Chg % second major economy after Australia to start raising interest rates with signs of global
Dow Jones 10,786 0.41% recovery emerging and local price pressures picking up. China has raised its banks' reserve
Nasdaq 2,395 0.88% requirements but has left its rates unchanged. The headline inflation is expected to come
FTSE 100 5,645 -0.09% down in two months and the winter crop is likely to be good, the plan panel deputy Montek
Singh Ahluwalia said on Monday, after the Reserve Bank of India's (RBI) surprise rate hike
Commodity Chg %
late on Friday. The RBI has to look at price trends, the underlying momentum (in prices) and
Crude Oil (US$/bl) 80.0 0.00%
not the annual rate of inflation and then make up its firm mind, he added.
Gold (US$/oz) 1104 -0.27%

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
HDFCBANK 1802 1855 1798 1848 1819.85 1.55 1528925
RCOM 165 172.9 165 170.5 167.95 1.52 5000349
BHARTIARTL 307.5 319.8 307 315.8 311.9 1.25 6664259
SUNPHARMA 1682 1709 1676.1 1709 1698.1 0.64 95753
TCS 814.9 833.8 806.15 826.1 820.9 0.63 1652871

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
JPASSOCIAT 150.5 150.95 122.75 145.9 153.4 -4.89 9237121
HINDALCO 174 174.85 168.6 168.7 175.6 -3.93 6039415
DLF 306 308.9 300.1 300.7 312.95 -3.91 5839053
SUZLON 75 75 72.85 73.15 75.9 -3.62 12546924
SAIL 244.45 245.2 238.7 239.05 247.3 -3.34 4384401
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Morning Notes

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

Market Levels For 23 March 2010

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 17030 17200 17410 17660 17750 Rangebound
NIFTY 5130 5170 5205 5270 5310 Rangebound

TECHNICAL VIEW: once again a positive consolidation we have witnessed yesterday. The benchmark index continued to
remain volatile in the late afternoon session tracking weak cues from European market which opened on a negative note as Greece said it
might seek international assistance to resolve its debt crisis. Remember we have said that any break out above 5180 may lead spot index
to 5260-5270 where possibility of profit booking shouldn't be rule out. Exactly to our expectation markets reached 5260 in a short span of
time and found stiff resistance to cross it.
For today’s session we expect slightly moderate scenario with range bound trading between 5170-5270. We believe markets should
continue its positive momentum till 5030 wouldn't be breach down with substantial volumes. Hence traders are advised to book partial
profits in their long positions at current levels and use ‘Buy on dip’ strategy on any correction though we may witness a short term
consolidation near 5100 level. Happy trading...

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend

BANK NIFTY 8900 9030 9195 9285 9360 Rangebound

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Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com
 TECHNICAL RECOMMENDATIONS FOR 23 MAR’10

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SITASHREE 10.2 10 9.2 10.6 11.2 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

UMESL 40.55 39.5 38 41 41.5 Rangebound

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Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com
 TECHNICAL RECOMMENDATIONS FOR 23 MAR’10

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

AML 50.15 50 49.4 51 51.5 50

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

PURVA 96.7 97.5 100 95.5 94.5 Rangebound

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Morning Notes

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