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MORNING NOTE 16 DEC 2010

DATA MATRIX OF LAST SESSION MARKET INSIGHTS: On Wednesday Dec 15, 2010, The Indian equity markets
consolidated along with their regional peers, the last three days of rise gave an opportunity to
INDEX Close Chg Chg book profits in today's trade, though there wasn't much volatility in the markets and the
Sensex 19648 107 -0.76% trade remained range bound but at no point of time the indices showed any conviction to
Nifty 5892 36 -0.87% enter the green and selling in across the board led the markets lower. Earlier the start of the
markets was mildly soft as most of the Asian equity indices were trading in red and the
Midcap 7543 114 -1.41%
jubilation of previous session, on the back of better than expected drop in inflation number
Smallcap 9139 148 -1.55% faded in the very early trade. The trade remained sluggish till late morning session after
which some recovery was seen and the BSE Sensex momentarily entered into the green but
VALUE TRADED (Rs Crs) Chg that could not last long and the index once again slipped into red after which the trade again
BSE 5085 52.89% turned range bound, in between there were lots of scrip specific movements based on the
advance tax payments, though it was a mixed bag but the banking pack could not gain
NSE 16988 29.38%
strength despite most of the banks paying more advance tax than the same quarter previous
F&O Total 106692 18.68% year.
The BSE Sensex declined 151.42 points or 0.76% to settle at 19,647.77 while the S&P
NET INFLOWS (Rs Crs) Chg CNX Nifty sank 51.80 points or 0.87% to end at 5,892.30. Sectorally, realty was the
FIIs (88) -361% biggest loser followed by banking and consumer durables, while IT and technology
were the only gaining sectors. There was a new listing on the bourses today, MOIL got a
DIIs (98) -128%
fabulous debut, though it pared most of its early gains but still was able to post gain of
89.70 points or 23.92% from its issue price of Rs 375 on the BSE.
FII OPEN INTEREST (Crs) Chg
Market heavy weight Reliance Industries too paid 32.50% higher tax compared to
FII Index Futures -100.00% same quarter last year. The main disappointment came from the non listed entity LIC
FII Index Options -100.00% paying about 8% lower tax than the same quarter last year. Meanwhile all the rate
FII Stock Futures -100.00% sensitive sectors were showing weakness ahead the of the RBI's mid quarterly policy
review, though the general expectation is that the apex bank will keep its policy rates
FII Stock Options -100.00%
unchanged, but the rising inflationary pressure may prompt RBI to continue its policy
stance.
World Indices Chg
Most of the Asian markets edged lower in trade on Wednesday and closed the day on a
Dow Jones -100.00% negative note. Though, Seoul Composite and Taiwan Weighted closed in the positive
Nasdaq -100.00% terrain, but all other regional peers faced pressure today. Shanghai Composite slipped
FTSE 100 -100.00% 15.66 points or 0.54% to 2,911.41, Hang Seng sank 455.84 points or 1.95% to 22,975.35,
Jakarta Composite plunged 31.35 points or 0.85% to 3,658.31, KLSE Composite fell 1.48
points or 0.10% to 1,509.10, Nikkei 225 is down 6.99 points or 0.07% to 10,309.78, Straits
Commodity Chg
Times lost 29.71 points or 0.94% to 3,147.20, while Seoul Composite added 8.43 points or
Crude Oil (US$/bl) -100.00% 0.42% to 2,017.48 and Taiwan Weighted advanced 16.28 points or 0.19% to 8,756.71.
Gold (US$/oz) -100.00% Major European markets were also trading on a negative note; CAC-40 declined 0.63%
DAX shed 0.58% and FTSE 100 lost 0.25%.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
BPCL 693 721.9 692.5 697.25 675.8 3.17 2382671
TATAMOTORS 1302.8 1335 1290.1 1333 1305.95 2.07 3608508
TCS 1085.1 1108.4 1081.5 1101.15 1080.95 1.87 1286017
BHARTIARTL 335.5 342 333.85 340.1 335.15 1.48 4233070
INFOSYSTCH 3146.7 3209 3146.7 3203 3158.65 1.4 1031799

SCRIPS Open High Low Close Prev Close % Change Volume

DLF 293 293 275.55 276 293.3 -5.9 6230372
HEROHONDA 1706 1740.9 1559 1624 1712.75 -5.18 2425129
SUZLON 50.3 50.4 47.6 48 50.2 -4.38 11429689
HDFCBANK 2230 2230 2150 2150.55 2238.25 -3.92 1121021
KOTAKBANK 467 467 444.1 449.7 467.55 -3.82 1506188
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Morning Notes
make more, for sure.
MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TECHNICAL GLIMPSE:
FAVORED TOT UP: Remember we have said that range bound scenario between 5690-6066 could be more justified at this stage. From the
last three trading sessions spot index witnessed some suggestive buying from the lower levels. For the upcoming sessions we believe the same
scenario though 6060-6066 could be the crucial ress zone. For any major upside potential near to 6300 we believe spot index should close above
6070 for at least two consecutive days with substantial volumes.

VARIED TOT UP: On the flip side any sell off from current levels may drift indices towards 5690 level where we might see some sort of
consolidation. Any drift below 5690-5700 may open the flood gates and possibility of sharp slide near to 5500 should be on higher side.
HAPPY TRADING......

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 19360 19510 19648 19805 19970 Rangebound
NIFTY 5820 5860 5892 5930 5970 Rangebound

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

BANK NIFTY 10820 11004 11196 11400 11550 Rangebound
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Morning Notes
make more, for sure.
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

NEOCURE 4.9 4.75 4.5 5 5.25 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

INDORAMA  63.25 61 58 64 66 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
make more, for sure.
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

ARVIND 57 56 54 58 59 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

EMAMIINFRA 83.3 37 37.6 36 35.5 Rangebound

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
make more, for sure.

NAME DESIGNATION E-MAIL

Varun Gupta Head - Research varungupta@moneysukh.com
Pashupati Nath Jha Research Analyst pashupatinathjha@moneysukh.com
Vikram Singh Research Analyst vikram_research@moneysukh.com

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Technical Trends calls are based on momentum, Investors/Traders are requested to observe following discipline to take maximum advantage of the
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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 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