Morning Notes 30 AUG,10

MARKET INSIGHTS: On FridayAug 27 2010, The key benchmark indices slumped on worries
DATA MATRIX OF LAST SESSION
over the pace of the US economic recovery. US is the world's biggest economy. IT stocks fell
INDEX Close Pts. Chg Chg after the Union Cabinet approved the new Direct Taxes Code bill wherein it proposed a hike
Sensex 17998 -228 -1.25% in the rate of minimum alternate tax (MAT) on book profits to 20% from the prevailing 18%.
Nifty 5409 -69 -1.26% Realty, metal and consumer durables stocks reversed initial gains. Banking stocks fell across
Midcap 7635 -73 -0.95% the board. But, PSU OMCs rose. The market breadth was weak, in contrast with a strong
breadth in mid-morning trade. Index heavyweight Reliance Industries (RIL) edged lower
Smallcap 9641 -127 -1.30%
after a hike in the rate of minimum alternate tax.. Except the BSE Oil & Gas index, all the
other sectoral indices on BSE fell. Intraday volatility was high. The market recovered from
VALUE TRADED (Rs Crs) Chg lower level at the onset of the trading session. The intraday recovery gathered strength in
BSE 5302 9.03% morning trade as Asian stocks came off lows, led by recovery in Japanese shares. The market
NSE 13142 -20.54% moved between positive and negative zone after hitting fresh intraday high in mid-morning
F&O Total 89587 -42.64% trade. The Sensex hit a fresh intraday high mid-morning trade. The market once again
slipped into the red later. The market extended losses to hit fresh intraday lows in mid-
afternoon trade as European stocks extended initial losses and as US index futures reversed
NET INFLOWS (Rs Crs) Chg
initial gains. The market slumped in late trade.
FIIs -108.0 -139%
The BSE 30-share Sensex was down 227.94 points or 1.25% to 17,998.41. The Sensex rose
DIIs 240.0 516%
22.01 points at the day's high of 18,248.36 in mid-morning trade. The index fell 282.19
points at the day's low of 17,944.16 in late trade. The S&P CNX Nifty was down 69.20
FII OPEN INTEREST (Crs) Chg points or 1.26% to 5,408.70. The market breadth, indicating the health of the market, was
FII Index Futures 15147 -3.91% weak in contrast with positive breadth earlier in the day. On BSE, 2094 shares declined
FII Index Options 59111 5.55% while 886 shares advanced. A total of 81 shares remained unchanged.
FII Stock Futures 33706 -0.71% European stocks edged higher in volatile trade on Friday, as investors remained wary
ahead of economic data that will give an insight into the health of the U.S. economy, and a
FII Stock Options 401 16.25% speech on the economic outlook by Federal Reserve Chairman Ben Bernanke. The key
benchmark indices in France, Germany and UK were up by 0.06% to 0.13%. In other
World Indices Chg Asian markets, the key benchmark indices, China, Singapore and Taiwan were up by
Dow Jones 10151 1.65% 0.28% to 0.44%.
Nasdaq 2154 1.65% NEWS ROOM: The finance ministry and the Reserve Bank of India (RBI) have reportedly
FTSE 100 5202 0.89% started discussions to raise the cap on foreign fund investments in debt from $20 billion a
year. The talks come at a time when India needs strong capital inflows to finance a high
Commodity Chg current account deficit, a newspaper report said. Foreign institutional investors (FIIs) are
Crude Oil (US$/bl) 77.0 3.18% currently allowed to invest up to $20 billion every year in bonds -- $15 billion in government
bonds and $5 billion in corporate bonds. They have poured in $16 billion this fiscal, reports
Gold (US$/oz) 1,240.00 0.16%
suggest.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
GAIL 448.7 463.75 448.7 462 446.55 3.46 2052582
ONGC 1295.5 1333.9 1282 1315 1289.85 1.95 1635631
TATASTEEL 505 522 502 509 501.85 1.42 9449492
BPCL 761.65 801.75 752 772.8 763.65 1.2 4187939
STER 153 155 151.35 152.25 151.65 0.4 7682689

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
DLF 315.5 317.9 305.2 306.55 318.1 -3.63 5103599
HEROHONDA 1852 1870 1772.9 1782.95 1846.85 -3.46 338909
AXISBANK 1367 1383.25 1318.6 1321 1367.8 -3.42 945253
HCLTECH 413.9 413.9 400 400 413.9 -3.36 599904
PNB 1215 1220 1176.05 1178 1218.3 -3.31 274088

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Morning Notes

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 17560 17790 17998 18350 18550 Rangebound
NIFTY 5345 5380 5409 5455 5495 Rangebound

TECHNICAL VIEW: Opened on a relatively flat note key benchmark indices once again shown some lethargic
performance in the last session as spot index posted more than 1% loss on Friday. Weak global cues and profit booking on
higher levels shaken the current Euphoria however we still intact on our previous view of 5340-5350 as a major support zone on
closing basis. Hence traders and investors are advise to maintain cautiously optimistic approach and use ‘Buy on Dip ‘ strategy
for the upcoming sessions. HAPPY TRADING....

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

BANK NIFTY 10480 10650 10722 10920 11115 Rangebound
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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

PATSPIN LTD 15.7 15.5 15.3 15.8 16 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

RBN 98.4 96 94.1 100 104 Rangebound

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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SPIC MOBILE 83.8 82 80 84 86 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

GI SOLUTION 24 25 25.5 23 22 Rangebound
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Morning Notes

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Vikram Singh Research Analyst vikram_research@moneysukh.com

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