You are on page 1of 5

Morning Notes 31.03.

2010

DATA MATRIX of 30.03.2010 MARKET INSIGHTS: On Tuesday March 30, 2010, the key benchmarks edged lower as
INDEX Close Chg Chg% profit taking emerged after the market scaled two-year high on Monday, 29 March 2010.
Nevertheless, the market breadth was strong, with some side counters surging sharply. The
Sensex 17590 -121 -0.68%
Nifty 5262 -41 -0.77%
BSE 30-share Sensex finished at 17590.17 down 121.18 points or 0.68%, and NSE 50-share
Midcap 6789 10 0.15% index Nifty locked at 5262.45 with the loss of 40.40 points or 0.76% from previous day's close.
Smallcap 8456 66 0.79% IT stocks fell on a firm rupee. Banking and auto stocks also edged lower. But, realty stocks
gained. The market edged higher in early trade on firm Asian stocks. It remained range-
bound later. But after entering into negative zone it extended losses and closed in red.
VALUE TRADED (Rs Crs) Chg%
BSE 4638 0.00% European shares gave away initial gains on profit taking. The key benchmark indices in
NSE 13260 4.81% Germany and France were up by 0.01% to 0.08%. UK's FTSE 100 fell 0.04%. Romania and
Hungary cut interest rates to fresh lows on Monday as monetary policymakers looked to
F&O Total 60223 0.00%
support growth in response to an improved assessment of market risk in central and eastern
Europe. Asian stocks rose on Tuesday after a report showed that US consumers continued
NET INFLOWS (Rs Crs) Chg% to spend last month, with the sentiment also boosted by Greece's success in raising money
FIIs 579 -45.52% from the debt market. The key benchmark indices in Hong Kong, Japan, Indonesia, South
DIIs 100 -136.98% Korea, Taiwan, China and Singapore rose by between 0.15% to 1.01% even Japan's industrial
production fell in February and the unemployment rate held at the lowest level since March
FII OPEN INTEREST (Crs) Chg% 2009, underscoring an uneven economic recovery that has yet to end deflation. US index
FII Index Futures 12134 0.66% futures were also off the day's highs. Trading in US index futures indicated that the Dow
could gain 5 points at the opening bell on Tuesday, 30 March 2010.
FII Index Options 29538 2.54%
FII Stock Futures 27209 0.82% NEWS ROOM: On Monday March 30, 2010, government has approved 23 Foreign Direct
FII Stock Options 279 9.48% Investment (FDI) proposals worth over Rs 2,325.21 crore, including that of broadband
services provider Tikona Digital Network and auto components maker Bharat Forge. The
World Indices Chg % Union Government has so far approved 23 FDI proposals amounting to approximately Rs
Dow Jones 10,907 0.10% 2,325.21 crore. The highest FDI of Rs 1,142.21 crore is likely to come into Tikona Digital
Nasdaq 2,411 0.28% Network from convertible debenture and share sale, followed Kalyani group company
FTSE 100 5,672 -0.63% Bharat Forge's proposal to raise Rs 576 crore by issuing warrants to overseas investors and
medical device maker Opto Circuits' Rs 376.27- crore proposal. Also, the government has
Commodity Chg %
deferred eight proposals, including Essar Capital Holding, Verizon Communications and
Crude Oil (US$/bl) 81.0 -0.36%
Etisalat DB Telecom, besides rejecting six FDI proposals. The stock market remains closed on
Gold (US$/oz) 1106 -0.39%
Friday, 2 April 2010, on account of Good Friday.

INDEX TOP MOVERS


SCRIPS Open High Low Close Prev Close % Change Volume
DLF 299.25 311.7 299.1 308.6 298.95 3.23 12391569
TATAMOTORS 744.9 759.6 740.6 757.15 740.6 2.23 5530056
CAIRN 297.25 302.95 296.1 297.75 294.5 1.1 3106180
HINDUNILVR 240 242.3 239.15 241.75 239.7 0.86 3422200
STER 845 856.75 841.2 843.9 837.75 0.73 1926730

INDEX TOP SHAKERS


SCRIPS Open High Low Close Prev Close % Change Volume
HCLTECH 372 372 357.35 357.9 370.55 -3.41 575965
HDFCBANK 1965 1969.9 1901.4 1905 1965.05 -3.06 936998
AMBUJACEM 121 124.25 118.15 118.6 122.05 -2.83 3296177
SUNPHARMA 1806 1806 1742.5 1752.95 1800.8 -2.66 127073
WIPRO 710 719 695.35 697.5 715.6 -2.53 1657965
Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only

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
Morning Notes

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

Market Levels for 31th March 2010


Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 17210 17380 17590 17750 17890 Rangebound
NIFTY 5180 5230 5262 5310 5360 Rangebound
TECHNICAL VIEW: Domestic indices seems to be little bit conducive at this stage as spot indices once again tanked
down by almost 1% in yesterday's session. Technically speaking Nifty seems to be range bound between 5350-5180 with
negative divergence. Hence traders are advised to adopt 'sell on rally' strategy with strict stop loss of 5360. On the other,
hand Bank nifty also shown sign of negative divergence and any drift below 9450 further dampen's the investors
sentiments and we might see 9200-9250 where possibility of consolidation shouldn't be rule out. HAPPY TRADING....

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


BANK NIFTY 9020 9225 9490 9670 9830 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 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

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


TIMES GTY 84.7 84 83 86 87 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


MAD FERT 13.65 13.5 13 14.5 15 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 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

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


PAT INT LOG 34.4 34 33 36 37 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend


IFL 6.5 7 7.5 6 5.5 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 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
Morning Notes

Research Desk Phone: 011-30211872/73 Email: research@moneysukh.com


NAME DESIGNATION E-MAIL
Varun Gupta Head - Research varungupta@moneysukh.com
Pashupati Nath Jha Research Analyst pashupatinathjha@moneysukh.com
Ajay Lakra Research Analyst ajaylakra@moneysukh.com
Vikram Singh Research Analyst vikram_research@moneysukh.com

For more copies or other information, please send your query at research@moneysukh.com

Note: Please refer our Derivative Report for recommendation on OPTION STRATEGIES.

Additional Information with respect to the securities referred in our derivative calls is uploaded on our website.
Please note that our technical calls are totally independent of our fundamental calls
Technical Trends calls are based on momentum, Investors/Traders are requested to observe following discipline to take maximum advantage of the
products
-Entry/exit will be on the basis of price or time priority
-Use strict stop loss at 15% from your average acquisition price
This report is prepared for the exclusive use of Mansukh Group clients only and should not be reproduced, recirculated,published in any media, website
or otherwise, in any form or manner, in part or as a whole, without the express consent in writing of Mansukh Securities and Finance Ltd. Any
unauthorized use, disclosure or public dissemination of information contained herein is prohibited.
This data sheet is for private circulation only and the said document does not constitute an offer to buy or sell any securities mentioned herein. While
utmost care has been taken in preparing the above, we claim no responsibility for its accuracy. We shall not be liable for any direct or indirect losses
arising from the use thereof and the investors are requested to use the information contained herein at their own risk.

Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only

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