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MORNING NOTE 04 FEB 2011

DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

INDEX Close Chg Chg Food price index rose 17.05% on annual basis during week-ended Jan 22,
Sensex 18449 358 1.98% Jindal Poly Films mulls to raise funds through IPO for thermal unit
Nifty 5527 95 1.75% Textile industry to touch $220 billion by 2020
Midcap 6828 74 1.10% ICSA (India) surges on reporting 4.71% rise in Q3 net profit
Smallcap 8464 102 1.22% FDI in India sinks for first time since March '03
Whirlpool of India's Q3 net profit up 49.13%
VALUE TRADED (Rs Crs) Chg Union Bank of India to hike its Base Rate by 50 basis points
BSE 3544 -1.42% SAIL advances on the buzz of expanding its dealership network
NSE 11696 -13.36% Dhanalaxmi Bank picks up pace on hiking its fixed deposit interest rates
F&O Total 105531 -0.67% Coal imports to jump 70% in FY12 to 142 MT
Fiscal deficit over the period April-December 2010 stood at Rs 1.71 lakh crore
NET INFLOWS (Rs Crs) Chg compared with deficit of Rs 3.10 lakh crore, decline of nearly 46%.
FIIs 539 -759%
DIIs (45) -107% MARKET INSIGHT

FII OPEN INTEREST (Crs) Chg On thursday Feb 03, 2011, Domestic share market made a soft start in the absence of any
major trigger as the Asian markets remained close on account of Lunar New Year
FII Index Futures -100.00%
holiday, while the close of US markets on a flat note overnight amidst the fears of
FII Index Options -100.00% escalation of violence in Egypt kept the investor's wary. In early part of the day the
FII Stock Futures -100.00% sentiment was also vigilant ahead of the food inflation data. However, the domestic
FII Stock Options -100.00% markets within no time of trade showcased smart build up on the back of selective
buying by investors and up move of key heavyweights. The wide-base National Stock
World Indices Chg Exchange Nifty index traded above from its crucially important level of 5500 after a
couple of days, while, the Bombay Stock Exchange benchmark -Sensex- too gained over
Dow Jones -100.00%
300 points in the trade. In the similar fashion, broader indices too participated in the
Nasdaq -100.00%
rally, gaining over half a percent. Keen interests of foreign funds and retail investors in
FTSE 100 -100.00% fundamentally strong stocks available at attractive levels along with some good results
from some biggies were some of the crucial reasons behind the rock solid performance
Commodity Chg of the Indian equity markets today.
Crude Oil (US$/bl) -100.00%
Gold (US$/oz) -100.00% The BSE Sensex advanced 358.73 points or 1.98 % to settle at 18,449.35 (Provisional).
The index touched a high and a low of 18,466.21 and 18,064.61,
Top Movers Close Price Chg respectively(Provisional). There were 28 stocks advancing against 2 declining on
the index. India VIX, a gauge for market's short term expectation of volatility,lost
DLF 246 8.3
3.52% at 22.69 from its previous close of 23.52 on Wednesday (Provisional) . The
JPASSOCIAT 86.55 6.79
S&P CNX Nifty jumped 95.50 points or 1.76 % to 5,527.50. The index touched a high
BHARTIARTL 341.8 5.89 and a low of 5,532.65 and 5,418.00, respectively (Provisional). There were 42 stocks
HINDALCO 246.85 5.13 advancing against 7 declining, while 1 stock remained unchanged on the
AMBUJACEM 125.5 3.55 index(Provisional).

Top Losers Close Price Chg On the sectoral front, the BSE Realty index was the top gainer consecutively for the
second day, the index closed higher by 4.13%, followed by, Metal, Capital Goods,
HCLTECH 492.1 -1.22
Bankex. All the BSE sectoral indices were trading in green just about burying
DRREDDY 1600 -0.83 Healthcare index which was traded flat. Most metal stocks rose after copper rushed
ACC 983 -0.81 towards a record high on Wednesday, nearing $10,000 a tonne before losing
RANBAXY 535.25 -0.74 momentum. Braoder indices too contributed towards the rally; The BSE Mid-cap
IDFC 140.1 -0.67 and Small-cap indices increased 1.10% and 1.30%, respectively (Provisional).

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

TECHNICALLY SPEAKING: Indian equity markets witnessed a shining day of trade as enthusiastic interest of foreign funds and retail
investors in fundamentally strong stocks available at attractive lower levels kept the buying sentiment alive throughout the day.

FAVORED SCENARIO: Remember we have said that below 5580 there might be a sharp fall. Exactly to our expectations spot index
plummet in the last session and breached 5500 though manages to close with tiny buying. Technically 5380-5400 could be the next level of
support though sentiments remain subdued and we expect some more downside near to 5250 in upcoming sessions. Hence traders are
advised to remain cautious at this stage and use ‘sell on rally’ strategy until and unless 5630 wouldn’t breach down with decisive volumes.

VARIED SCENARIO: On the flip side any bounce back from current levels may reap indices towards 5630-5650 level where we might
see some sort of consolidation. Any break out above this may generate some suggestive buying opportunities though 5800-5850 might be
the next ress zone. HAPPY TRADING......

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 18040 18260 18449 18590 18745 Rangebound
NIFTY 5425 5475 5527 5560 5610 Rangebound

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

BANK NIFTY 10370 10510 10700 10860 10980 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

ANDHRA CEM 13.25 13.1 12.9 13.3 13.5 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SEL 19.75 19.5 18.5 20.5 21 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

WOCKHARDT 399.3 390 380 400 410 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

KERNEX 120.85 125 128 120 117 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
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Website: www.moneysukh.com
Morning Notes
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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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-Use strict stop loss at 15% from your average acquisition price
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This data sheet is for private circulation only and the said document does not constitute an offer to buy or sell any securities mentioned herein. While
utmost care has been taken in preparing the above, we claim no responsibility for its accuracy. We shall not be liable for any direct or indirect losses
arising from the use thereof and the investors are requested to use the information contained herein at their own risk.

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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