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MORNING NOTE 24 JAN 2011

DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

INDEX Close Chg Chg Punjab & Sind Bank’ Q3 net profit marginally higher by 9%
Sensex 19008 -39 -0.20% Mahindra & Mahindra Financial Services’ net profit up 24%
Nifty 5697 -15 -0.26% Tata Motors‘s arm to supply floor beams for Boeing 787 Dreamliner
Midcap 7192 16 0.22% Kitex Garments gets approval for enhancing Foreign and Nonresident Indian’s
Smallcap 8946 41 0.46% shareholding limit
Eicher to consider greenfield facility for Bullets, other two-wheelers
VALUE TRADED (Rs Crs) Chg Vijaya Bank completes restructuring of JV Co along with Principal Financial Group
BSE 3037 -9.26% and PNB
NSE 11599 -13.10% Hindustan Zinc board to consent bonus shares and stock split
F&O Total 116754 -21.10% India’s exports seen topping $210 billion, will help keep CAD at 3%
Maruti Suzuki hikes vehicles prices by up to Rs 8,000 except Alto-K10
NET INFLOWS (Rs Crs) Chg Cranes Software announces the release of its flagship product- Sigma Plot 12
FIIs (368) -61% Forex reserves drop $3.407 billion to $297.418 billion
DIIs 223 -13%

FII OPEN INTEREST (Crs) Chg MARKET INSIGHT

FII Index Futures 13389 8.92% On friday Jan 21, 2011, Indian equity markets started the trading session on weak note
FII Index Options 51389 -0.34% tracking weak close of Wall Street overnight which lost momentum over the fear that
china may go for a rate hike to contain its inflation after the country's growth surpassed
FII Stock Futures 33916 -0.61%
expectation. The benchmark indices continue to trade in the red zone until the mid
FII Stock Options 720 4.85%
morning session on sustained selling by funds and retail investors in tandem with weak
Asian markets. However, smart gains in the stocks from Oil & Gas, Consumer Durables,
World Indices Chg Auto, PSU space in the early noon session cushioned the dip to some extent and helped
Dow Jones 11872 0.41% the benchmark equity indices, rebound into positive territory for brief period of time
Nasdaq 2690 -0.52% and hit new intraday high by regaining their physiological level. However, markets
FTSE 100 5896 0.48% slipped deep into red in the late noon trade reeling under the pressure of stocks from
Information Technology, TECk, Metal, Fast Moving Consumer Goods counters.
Commodity Chg Though, broad gains in rate sensitive sectors, and positive start of the European market
Crude Oil (US$/bl) 98.0 1.35% did help the benchmark indices to trim their losses and broader indices to settle in green.
But the equity markets tailing the regional counterparts failed to end the session on
Gold (US$/oz) 1342.0 -0.45%
sanguine note.

Top Movers Close Price Chg The BSE Sensex shed 39.01 points or 0.20% to settle at 19,007.53 (Provisional). The
RELINFRA 739.6 3.18 index touched a high and a low of 19,065.34 and 18,932.40, respectively
BPCL 592 2.87 (Provisional). The BSE Mid-cap and Small-cap indices rose 0.22% and 0.46%,
SBIN 2598 2.48 respectively (Provisional). The S&P CNX Nifty trimmed 15.10 points or 0.26 % to
SUZLON 53 2.22 settle at 5,696.50 (Provisional).The index touched a high and a low of 5717.55 and
RCOM 136.3 2.17 5674.50, respectively (Provisional).

On the other hand, Information Technology (IT) down 1.29%, Fast Moving
Top Losers Close Price Chg Consumer Goods (FMCG) down 1.28%, TECk down 1.02%, Metal down 0.73%,
WIPRO 456.5 -4.4 and Realty down 0.50% were the main losers in the BSE sectoral space(Provisional).
ONGC 1105.3 -2.56 Oil & Gas up 0.82%, Bankex up 0.78%, Bankex up 0.77%, Power up 0.67%,
PNB 1116.05 -2.22 Consumer Durables (CD) up 0.53% and PSU was up by 0.29% were the only gainers
ACC 995 -2.14 in the BSE sectoral space. (Provisional).
DLF 250.95 -2.11

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Morning Notes
make more, for sure.
MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TECHNICALLY SPEAKING: The Local share market ended the week's last trading session on abysmal note. The trade throughout the
day was choppy and uneventful as the trader's sentiment remained cautious ahead of January series F&O expiry and upcoming RBI policy
review next week. However, better than expected results from BHEL, ITC and the smart gains in Banking stocks let the benchmark indices
regain their physiological level and broader indices to step in green .
.
FAVORED SCENARIO: At current juncture sentiments seems to be eroded due to rising inflation though next level of support could be
around 5580-5600 (200 DMA). Any closing below this level may open the flood gates and we might see some new lows of current fiscal near to
5400-5450.

VARIED SCENARIO: On the flip side any bounce back from current levels may reap indices towards 5800-5850 level where we might
see some sort of consolidation. Any break out above this may generate some suggestive buying opportunities though 6000-6050 might be
the next ress zone. HAPPY TRADING......
T O D A Y 'S M A R K E T L E V E L S
In d e x S u p p o rt 2 S u p p o rt 1 P re v io u s C lo s e R e s is ta n c e 1 R e s is ta n c e 2 T re n d
SEN SEX 18630 18780 19008 19220 19370 R ang ebo und
N IF TY 5605 5645 5697 5755 5795 R ang ebo und

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

BANK NIFTY 10360 10645 10890 11065 11245 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

DENA 109 107 105 111 113 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

ARCHIES 43.85 43 42 44 45 Rangebound
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Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
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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

M&M 770 765 755 775 785 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

DABUR 98.25 99 101 97 95 Rangebound

Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
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Morning Notes
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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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