Morning Note 10 MAY 2011

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DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

Car sales slowest in nearly two years
INDEX Close %Chg
Govt permits 91,685 tonne of sugar exports
Sensex 18529 0.05 Dabur enters the mint candy segment through its flagship digestive ‘Hajmola’ brand
Nifty 5551 0.00 JSW Energy commences commercial operation at Jaigad in Maharashtra
Midcap 6872 0.12 United India Insurance targets Rs 8,000 crore business in FY12
Smallcap 8343 0.00 Kwality Dairy India reports strong growth in its FY11 net profit
JVL Agro Industries’ 400 MTPD plant started functioning
VALUE TRADED (Rs Crs) %Chg
BSE 2310 -32.81 MARKET INSIGHT
NSE 8512 -30.07 On Monday 09 May 2011, Local Bourses after making a reasonably positive start to the week could
F& O Total 95344 -17.11 not sustain it and snapped the session almost at their neutral line. The mood at Dalal Street from the
Total Volume 106166 -18.73 start was highly vigilant and enveloped with worries about inflation and the impact of the recent hike
in bank rates on the earnings of India Inc. Local bourses started correcting at the start of the trade since
NET INFLOWS (Rs Crs) %Chg the investors appeared uncomfortable at the higher levels. The decline in crude prices that led a rally
FIIs 196 -129.92 in last session once again become the reason to worry for the investors at Dalal Street in today's
DIIs (126) -112.38 trading session as crude prices once again started moving higher stoking inflationary pressure.
Disappointment also come from the mid cap stock also. Rate sensitive stocks mainly contributed to
FII OPEN INTEREST (Crs) %Chg
the dwindling of the gains of the bourses and the stocks from Bankex and Realty counters dragged the
FII Index Futures 19187 -1.45
benchmarks lower. The shares of banking space which suffered the most included Axis Bank, Bank of
FII Index Options 46205 0.44
India and Yes Bank as they were down by around 1.5% each. While the shares of Realty counters that
FII Stock Futures 29992 -0.47
plunged the most included Ackruti City down by 3.23%, Sunteck Realty down by 2.70% and Unitech
FII Stock Options 463 10.50
down by 2.08%.Meanwhile, Airline stocks that edged up higher in previous session suffered profit
World Indices %Chg booking at higher levels, Kingfisher Airlines was down by 3.16%, and Spicejet decreased by 2.82%.
Dow Jones 12685 0.36 The BSE Sensex gained by 13.83 points or 0.07% and settled at 18,532.64. The index touched a high
Nasdaq 2843 0.53 and a low of 18,643.58 and 18,367.21 respectively.10 stocks advanced against 20 declining one's on
FTSE 100 5943 -0.57 the index. The BSE Mid-cap and Small-cap indices were up by 0.07% and 0.04% respectively. On
the BSE Sectoral front, FMCG up 1.33%, Teck up 0.59%, Metal up 0.50%, PSU up 0.38% and Oil &
Commodity %Chg
Gas up 0.07% was the only gainers. On the flip side Auto down 1.52%, Bankex down 0.38%, Realty
Crude (US$/bl) 114.0 4.59
down 0.30%, Capital Goods down 0.21% and Power down 0.16% were losers.
Gold (US$/oz) 1509 0.94
? India VIX, a gauge for market's short term expectation of volatility gained 2.52% at 21.50 from
Top 5 Movers Close Price %Chg its previous close of 20.97 on Friday. The S&P CNX Nifty lost 0.35 points or 0.01% to settle at
HINDUNILVR 288.25 4.48 5,551.10. The index touched high and low of 5,586.05 and 5,502.40, respectively. 16 stocks
BHARTIARTL 366.2 4.35 advanced against 34 declining ones on the index. (Provisional)
RANBAXY 442.7 2.92 ?Asian equity indices finished the day's trade mostly in the positive terrain on Monday tracking
TATAPOWER 1255 2.14 rally in Wall Street supported by better-than-anticipated jobs figures released on Friday. Moreover,
CAIRN 343.3 2.14 Taiwan stocks rose more than half a percent, with banks gaining amid investor optimism the
government will boost the stock market in the months ahead of the presidential election. However,
Top 5 Loser Close Price %Chg
investors remained worried due to renewed worries about the euro zone's debt problems. Japanese
MARUTI 1245 -2.24
markets ended the trade with a cut of more than half a percent on concerns about potential power
BAJAJ-AUTO 1291.3 -2.1
shortages following a government call to shut down the Hamaoka nuclear plant southwest of
TATAMOTORS 1174.9 -2.09
Tokyo.
JPASSOCIAT 84.75 -2.08
PNB 1077.15 -2.07

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Morning Note
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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 18305 18415 18529 18645 18790 Rangebound
NIFTY 5460 5505 5551 5595 5645 Rangebound
QUANTITATIVE ANALYSIS: Both the benchmark indices ended flat, near to their previous close, the 30 scrip sensitive index --Sensex-- ended
near 18500 mark while the 50 scrip index--Niftyended near to 5,550 mark. The broader indices too plunked over 0.05% each. The market breadth
on the BSE ended weak; advances and declining stocks were in a ratio of 1272:1500 while 133 scrips remained unchanged. On the global front,
after overnight pullback of the Wall Street on Friday, most of the Asian shares ended higher aided by unexpectedly strong US nonfarm payrolls
data released last Friday and stabilizing oil prices.
FAVORED SCENARIO: Remember we have said that any break down below 5680 could open the flood gates and we might see 5555-5545 in a
short pan of time . Exactly to our expectation spot index manages to sustain around this level though we feel sentiments remain shaky in
upcoming sessions. Moreover trend line drawn adjoining two significant bottoms 5177 and 5232 , next level of support could be around 5430
level where possibility of bounce back couldn't be rule out. Hence clients are advised to remain cautious and use ‘Buy on Dip’ strategy on
any substantial correction.
a
VARIED SCENARIO: On the flip side such sharp drifts usually encountered by aggressive retracements . In that case 5760-5770 (200 DMA)
could be the key resistance zone where we might see some selling pressures. Any closing above this level with substantial volumes may
boost the traders sentiment however 5945-5960 could be the next resistance zone. HAPPY TRADING......

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

BANK NIFTY 10715 10890 11082 11295 11360 Rangebound

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Morning Note
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

AKSH OPT 7.15 7 6.5 7.25 7.5 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

NEPC 5.2 5 4.85 5.25 5.5 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
Morning Note
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

OPTO CIRCUIT 303.55 300 295 305 310 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

WINSOME YARN 3.9 4.1 4.25 3.85 3.65 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
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Morning Note
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Pashupati Nath Jha Research Analyst pashupatinathjha@moneysukh.com
Vikram Singh Research Analyst vikram_research@moneysukh.com

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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
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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
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