Morning Note 13 MAY 2011

make more, for sure.

DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

India and Australia start free trade talks; seek to double trade within 5 years
INDEX Close %Chg
Siemens reports 52% rise in Q2 net profit
Sensex 18336 -1.34 CARE assigns ‘CARE AAA’ rating for the long term debt programme of Reliance
Nifty 5486 -1.42 Capital
Midcap 6844 -0.91 De Nora India bags order worth Rs 16 crore
Smallcap 8335 -1.07 Usha Martin Education & Solutions posts stellar Q4 numbers
HDFC Bank raises Rs 3650 crore via Lower Tier II Bonds
VALUE TRADED (Rs Crs) %Chg
BSE 2596 -7.05 MARKET INSIGHT
NSE 9298 -2.95 On Thursday 12 May 2011, Benchmark indices resumed their downward trajectory on Thursday,
F& O Total 109883 43.90 even Better than Expected March IIP data could not wipe out the worries over rising interest rates and
Total Volume 121777 37.24 economic growth from the investor's mind which led to one more disappointing session of trade at
Dalal Street as both the benchmark indices ended lower by over 1% each. Fears of economic growth
NET INFLOWS (Rs Crs) %Chg came out in open after Finance Minister Pranab Mukherjee late on Wednesday warned that volatile
FIIs (420) -436.00 commodity prices may drag down the country's annual economic growth to below an estimated 9
DIIs 312 250.56 percent in this fiscal year. He said that “India may miss its 9% fiscal year economic growth target as
global commodity prices spikes and sustained local inflation crimp activity. Hence, even the better
FII OPEN INTEREST (Crs) %Chg
than Expected March IIP data could not rejuvenate market's strength. The March IIP numbers,
FII Index Futures 20336 7.89
showed a growth of 7.3% for March 2011, as compared to a growth of 3.65% (y-o-y) recorded in
FII Index Options 48281 1.75
February, pretty higher against the street expectation of rise of 3.8% of the Industrial output for the
FII Stock Futures 29993 -1.01
month of March from a year earlier. However, higher weekly Food Inflation data increased the
FII Stock Options 519 -4.77
likelihood that Reserve Bank of India would have to further its monetary tightening measures to rein
World Indices %Chg in the rate of price rise. According to the data released by the commerce and industry ministry on
Dow Jones 12696 0.52 Thursday, the food price index marginally rose by 0.10% to 192.8 during the 12 months ending April
Nasdaq 2863 0.63 30 almost flat compared with a corresponding figure of 192.6 a week ago. Further, bleak global leads
FTSE 100 5945 -0.52 too dampened the sentiment further as Asian Indices mostly traded in red after witnessing massive
sell of US markets overnight.
Commodity %Chg
The BSE Sensex tanked 239.39 points or 1.29% and settled at 18,345.57. The index touched a high
Crude (US$/bl) 112.97 -0.90
and a low of 18,610.02 and 18,314.34 respectively.3 stocks advanced against 27 declining ones on
Gold (US$/oz) 1504.50 -0.03
the index The BSE Mid-cap was down 0.91% and Small-cap indices plunged 1.09% respectively.
Top 5 Movers Close Price %Chg (Provisional). On the BSE Sectoral front,Metal down 3.02%, Capital Goods down 1.48%, Bankex
SIEMENS 865 0.72 down 1.44%, Power down 1.18% and Auto down 1.11% were the major loser.On the flip side,
ONGC 302.15 0.62 Realty up 0.36% was the only gainers.
RANBAXY 480.5 0.54 ?India VIX, a gauge for market's short term expectation of volatility lost 0.04% at 21.23 from its
BPCL 660.95 0.31 previous close of 21.24 on Wednesday. The S&P CNX Nifty lost 80.30 points or 1.44% to settle
DLF 227.4 0.09 at 5,484.75. The index touched high and low of 5,572.50 and 5,476.30, respectively. 8 stocks
advanced against 42 declining ones on the index. (Provisional)
Top 5 Loser Close Price %Chg
?All the Asian equity indices barring Taiwan Weighted finished the day's trade in the negative
STER 167.85 -5.25
terrain on Thursday after a big sell-off witnessed in commodities restricted the investor's hunger
HINDALCO 194.6 -5
for riskier investments, while a short-lived recovery in oil prices was wiped out in late trade.
SESAGOA 291.65 -3.83
Chinese weaker-than-expected industrial output data on Wednesday too weighed on sentiments in
HDFC 646.85 -2.89
the region. In addition, Seoul Composite declined more than two percent on Thursday amid
KOTAKBANK 411.45 -2.89
foreign selling and the expiry of options, with losses among refiners and automakers, including S-
Oil Corp and Hyundai Motor, pressured the market.
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Morning Note
make more, for sure.

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 18030 18205 18336 18475 18595 Rangebound
NIFTY 5410 5455 5486 5535 5590 Rangebound
QUANTITATIVE ANALYSIS: Both the benchmark indices registered modest gains. The 30 share index -Sensex-on Bombay Stock Exchange
(BSE) after touching a high of 18,622.44 witnessed some profit booking as cautious investors' preferred booking out profit at higher levels and
settled comfortably above 18500 mark and at sniffing distance of 18600 mark. Meanwhile, the 50 scrip Index-Nifty- on National Stock Exchange
(NSE) settled comfortably above the 5500 level. The broader indices too performed well and ended up in green with gains above 0.50% each. The
market breadth on the BSE ended positive; advances and declining stocks were in a ratio of 1605:1190 while 129 scrips remained unchanged.
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.
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 10630 10715 10872 10990 11065 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
Website: www.moneysukh.com
Morning Note
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Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only

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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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