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MORNING NOTE 21 SEP, 2010

MARKET INSIGHTS: On Monday Sep 20 2010, The Indian equity markets are defying all
DATA MATRIX OF LAST SESSION
the speculations of a halt to their rally and are making a new high every day when their
INDEX Close Chg Chg regional counterparts have already started showing fatigue. The other global markets too
Sensex 19906 311 1.59% are taking pause before moving higher, but the domestic markets despite steep valuation
have surged once again, making their fresh highs. Across the board buying was seen
Nifty 5980 95 1.61%
during the day's trade and along with the heavyweights the broader indices too
Midcap 8158 54 0.67% participated in the rally and for yet another day all the 13 sectoral indices on the BSE
Smallcap 10315 76 0.74% closed in green. The start of the day was flat but soon the indices started gaining strength
and after some initial sluggishness there was no looking back. Telecom and cement
VALUE TRADED (Rs Crs) Chg companies kept buzzing throughout the session, there was some news report that major
companies have hiked cement prices in south. Some spurt was also seen in the major
BSE 5229 4.85%
sugar companies. Though in the initial trades metal sector stocks remained subdued as
NSE 16169 -4.79% the government plans to set up an independent sectoral regulator, also the government is
F&O Total 144638 24.11% set to make the registration of miners and traders mandatory under the Mineral
Conservation Development Rules (MCDR) but from the mid morning session they too
made a bounce back and joined the party with other sectoral gauges. But the defensive
NET INFLOWS (Rs Crs) Chg
sectors were the main buzzing lots for the day and the FMCG sector gained over 4
FIIs 1793.0 18% percent, while the rate sensitive sectors were the others to follow them.
DIIs -458.0 -39% The BSE Sensex zoomed 311.35 points or 1.59% to settle at 19,906.10 (provisional)
while the S&P CNX Nifty rose 103.55 points or 1.76% to end at 5,988.50 (provisionally).
FII OPEN INTEREST (Crs) Chg The main gainers in the BSE sectoral space were Fast Moving Consumer Goods
(FMCG) up 3.50%, Realty up 1.73%, Auto up 1.31%, Metal up 1.28% and Consumer
FII Index Futures 25184 7.94%
Durables (CD) up 1.22%, while there were no losers. The BSE Mid-cap and Small-cap
FII Index Options 86622 4.27% indices surged 0.66% and 0.74% respectively. India VIX, a gauge for market's short
FII Stock Futures 40934 2.33% term expectation of volatility, soared by 12.62% and reached 21.97, compared to its
previous day closing of 19.49. The S&P CNX Nifty touched a high and a low of
FII Stock Options 1663 0.85%
5,989.50 and 5,885.05, respectively. (provisional). .
Asian equity indices finished in the flat-to-positive terrain on Monday with investors
World Indices Chg remaining cautious ahead of the US Federal Reserve's policy meeting and US housing
Dow Jones 10753 1.37% starts data which is scheduled to be released on Tuesday. Hang Seng was up 6.48
Nasdaq 2355 1.68% points or 0.03% to 21,977.34, KLSE Composite gained 2.72 points or 0.19% to 1,469.69,
Straits Times advanced 4.61 points or 0.15% to 3,080.98, Seoul Composite added 5.28
FTSE 100 5602 1.71%
points or 0.29% to 1,832.63 and Taiwan Weighted rose 28.63 points or 0.35% to 8,186.96.
On the flip side, Shanghai Composite shed 9.98 points or 0.38% to 2,588.71 and Jakarta
Commodity Chg Composite slipped 13.67 points or 0.40% to 3,370.98.
Crude Oil (US$/bl) 79.00 1.32%
Gold (US$/oz) 1,280.00 0.33%

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
ITC 169 178 168 177.7 168.35 5.55 13855370
RCOM 168 176.4 166.8 175.5 166.75 5.25 11137717
BPCL 761 808.6 758.9 802.9 765.9 4.83 2143677
HEROHONDA 1750 1832 1747.1 1823.6 1745.15 4.5 678887
HINDUNILVR 282.75 295 282.75 294 281.8 4.33 3669599
INDEX TOP SHAKERS
SCRIPS Open High Low Close Prev Close % Change Volume
STER 175 175 169.65 172.15 173.6 -0.84 7612939
IDEA 78 78 76.2 76.6 77.15 -0.71 4738501
RANBAXY 537.8 538.35 527.25 532 534 -0.37 1315614
NTPC 207.6 207.6 204 205.9 206.35 -0.22 3000318
BHEL 2443.6 2462 2430.1 2439 2443.6 -0.19 696584
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Morning Notes
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 19460 19680 19906 20095 20330 Rangebound
NIFTY 5890 5940 5980 6035 6080 Rangebound
TECHNICAL VIEW: What a fantastic session we have gone through yesterday. Opened on relatively higher note,
domestic indices shown tremendous strength above 5900 level, ended up with substantial returns. From last nine trading
sessions spot index grasp more than 500 pts. Technically such sharp moves usually encountered with minimum 38-50%
retracement of the entire move. Moreover technical indicators also suggest some over bought conditions in near term. Hence
traders are advised to avoid creating fresh long positions at such levels and wait for a decent correction to re-enter. HAPPY
TRADING....

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

BANK NIFTY 11990 12110 12305 12415 12570 Rangebound
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Morning Notes
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

RKFORG 160.5 157 153 162 166 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

TFL 35.35 35 34.5 35.5 36 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
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Morning Notes
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SGFL 14.5 14.25 14 14.75 15.5 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

TAKE 34.9 36 37 34.5 34 Rangebound

Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
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Morning Notes
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Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
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