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Morning Note

30 Oct 2013

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DATA MATRIX OF LAST SESSION


INDEX Sensex Nifty Midcap Smallcap Close 20929 6221 6006 5827 %Chg 1.75 1.97 1.45 0.52

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)


BSE NSE F& O Total Total Volume 2243 12427 300811 315481

%Chg
33.12 39.36 93.74 90.20

MARKET INSIGHT
On 29 Oct 2013, The secular move of the markets was on account of across the board buying at

NET INFLOWS (Rs Crs)


FIIs DIIs 1103.0 (894.0)

%Chg
73.22 -0.96 %Chg 20.12 5.10 4.58 1.68

FII OPEN INTEREST (Crs) FII Index Futures FII Index Options FII Stock Futures FII Stock Options 19815.13 67999.69 31103.83 3192.20

the bourses, which took the entire 13 sectoral indices in green. On the sectoral front, while banking shares led the race, other rate sensitive Realty and Auto counters followed the suit. Absence of any negative surprise in policy review mainly lifted rate-sensitive counters, which otherwise were cautious on RBI's hawkish tone in its Macroeconomic report a day before policy meet. RBI, in its report a day before upped its inflation forecast for FY14 to 6%, while lowering its FY15 growth forecast to 5.8% from 6.5% earlier. Additionally, Auto stocks also were in top gear, mianly driven by stellar Q2 performance of Maruti Suzuki. The company's stocks rallied over 8% after Maruti reported 3 fold jump in Q2 net profit at Rs 670.23 crore for the quarter as compared to Rs 227.45 crore for the same quarter in the previous year.The market breadth on the BSE ended positive; advances and declining stocks were in a ratio of 1297: 1096, while 164 scrips remained unchanged. (Provisional) a high and a low of 20952.55 and 20493.66 respectively. Among the 30-share Sensex, 27 stocks gained, while 3 stocks declined. The BSE Mid cap and Small cap indices ended higher by 1.53% and 0.56% respectively. On the BSE Sectoral front, Bankex up by 4.48%, Realty up by 2.66%, Auto up by 2.46%, Metal up by 2.23% and Power up by 1.92% were the top gainers, while there were no losers. (Provisional) from its previous close of 21.29 on Thursday. The CNX Nifty gained 119.80 points or 1.96% to settle at 6,220.90. The index touched high and low of 6,228.05 and 6,079.20 respectively. Out of the 50 stocks on the Nifty, 47 ended in the green, while 3 ended in the red. of corporate earnings, while sentiment turned cautious ahead of Wednesday's Federal Reserve policy decision. Japanese retail sales for September rose 3.1% from a year earlier, with the result beating a consensus forecast for a 1.9% rise. The sales at large retailers were up 0.7% from a year earlier. Japanese household spending rose sharply in September, beating expectations, while the unemployment rate ticked slightly lower. Spending by households of two or more people rose a price-adjusted 3.7% from a year earlier, marking the best result in six months.

World Indices
Dow Jones Nasdaq FTSE 100 15680 3952 6775

%Chg
0.71 0.30 0.73

Commodity
Crude (US$/bl)

%Chg
97.7 1340.6 -0.71 -1.40

Gold (US$/oz) Top 5 Movers MARUTI JPASSOCIAT ICICIBANK INDUSINDBK AXISBANK

Close Price
1,645.75 46.5 1,078.50 435.45 1,253.00

%Chg
8.75 7.76 6.26 5.63 5.16

Top 5 Loser
RANBAXY ITC BHARTIARTL

Close Price
384.45 327 338.95

%Chg
-0.9 -0.29 -0.13

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Dalal Street witnessed a relief rally at on Tuesday, wherein benchmark equity indices after reversing gears post RBI's second quarterly monetary policy review, ended at highest closing level in 2013. Investors' were heartened after India's Apex bank, on much expected lines, hiked policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.5% to 7.75% with immediate effect, while further unwinding liquidity tightening measures, rolled back MSF rate by 25 bps. Meanwhile, mostly positive global cues also added to market's glee, which by the end of the trade puffed over percentage and half to shut shop above the psychological 20,900 and 6,200 levels respectively. The broader indices also ended with modest gains of over one percent (Midcap index) and half a percent (Smallcap index). For the upcoming sessions spot index may continue its range bound journey however 6230-6260 could be the near term resistance zone. Any substantial break out above this range with decisive volumes may further strengthens the current sentiment and we might se 6360-6390 in a short span of time. On the flip side any spiral selling below 5860-5830 may attract some bears and we might see 5630-5650 though any correction could be used as a decent opportunity to go long.....

Index
SENSEX NIFTY BANK NIFTY

Support 2
20522 6102 10805

Support 1
20705 6156 11004

Previous Close
20929 6221 11265

Resistance 1
21098 6266 11412

Resistance 2
21290 6308 11690

Trend
Rangebound Rangebound Rangebound

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Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar, New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710, Email: research@moneysukh.com, Website: www.moneysukh.com

SEBI Reg.No: BSE: INB 010985834, F&O: INF 010985834 SEBI Regn No. BSE: INB010985834 / NSE: INB230781431 NSE: INB 230781431, F&O: INF 230781431, PMS Regn No. INP000002387 DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293

Morning Note
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NAME
Varun Gupta Mohit Taneja

DESIGNATION
Head - Research Research Analyst

E-MAIL
varungupta@moneysukh.com

mohit.t@moneysukh.com

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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


Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar, New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710, Email: research@moneysukh.com, Website: www.moneysukh.com

SEBI Regn No. INB010985834 / 010985834 NSE: INB230781431 SEBI Reg.No: BSE: INBBSE: 010985834, F&O: INF PMS Regn No. INP000002387 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293