Morning Note 07 JUNE 2011

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DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

INDEX Close %Chg

Sensex 18420 0.24
Nifty 5532 0.27
Midcap 6879 -0.25
Smallcap 8253 0.17

VALUE TRADED (Rs Crs) %Chg

BSE 2435 -4.73 MARKET INSIGHT
NSE 7982 -18.81 On Monday06 June 2011, After toiling around the day in the red, Indian equity markets made a
F& O Total 74028 -21.83 comeback in green in the late trades as investor's indulged in buying “oversold stocks” at attractive
Total Volume 84445 -21.15 levels. The major rebound came in from the financials stocks which perked up on the bargain buying
after the financial heavyweights like State Bank of India and ICICI Bank slipped in early trade over
NET INFLOWS (Rs Crs) %Chg the concerns that rising borrowing costs would crimp demand for loans. The rate hike worries were
FIIs (202.0) -145.39 being fanned off due to growing Inflation concerns as a government panel was expected to decide on
DIIs 185.0 -151.97 raising prices of diesel and cooking gas, which as per the traders if happens, could accelerate high
inflation and dent profit margins of companies already reeling from high input and interest costs.
FII OPEN INTEREST (Crs) %Chg
Local equity markets showcased smart resilience despite weak global equities as US markets closed
FII Index Futures 16885 -1.62
lower on Friday on getting weak employment data. The US Labor Department reported that 54,000
FII Index Options 42673 0.87
jobs were created in the economy last month edging the unemployment rate up to 9.1% from 9% in
FII Stock Futures 29625 1.15
April. Meanwhile, Asian share markets ended down pressured by last week's disappointing US
FII Stock Options 437 5.05
economic data that revealed the smallest US jobs growth in eight months in May, confirming fears of a
World Indices %Chg slow-down in the economy. The European shares too fell with investors continuing to sell on
recovery worries following weak US economic data in the past days.
Dow Jones 12090 -0.50
Nasdaq 2703 -1.10 The BSE Sensex gained 52.29 points or 0.28% and settled at 18,428.77. The index touched a
FTSE 100 5863 0.14 high and a low of 18,458.63 and 18,258.42 respectively. 14 stocks advanced against 16
declining ones on the index. The BSE Mid-cap index eased 0.24% while Small-cap index was
Commodity %Chg
up by 0.14% respectively. On the BSE Sectoral front, IT advanced 0.86%, Health Care up
Crude (US$/bl) 114.00 -1.72
0.80%, TECk gained 0.67%, Capital Goods up 0.58% and Bankex gained 0.54% were the only
Gold (US$/oz) 1544.00 0.06 gainers. On the flip side, Metal down 0.66%, Auto down 0.50%, Oil & Gas down 0.37%,
Top 5 Movers Close Price %Chg FMCG down 0.35% and PSU down 0.27% were the top losers.

DRREDDY 1612.5 2.36 ?India VIX, a gauge for market's short term expectation of volatility gained 3.40% at 18.21 from
CIPLA 332 2.28 its previous close of 17.61 on Friday. The S&P CNX Nifty gained 19.00 points or 0.34% to settle
SUNPHARMA 477 2 at 5,535.75. The index touched high and low of 5,542.65 and 5,479.85, respectively. 28 stocks
HDFC 671 1.66 advanced against 22 declining ones on the index. (Provisional)
KOTAKBANK 442.05 1.48 All the Asian equity indices which were opened today has closed the day's trade in the
negative terrain on Monday, pressured by last week's disappointing US economic data,
Top 5 Loser Close Price %Chg
which witnessed the weakest reading since September coupled with the unexpected rise in
JPASSOCIAT 82.55 -2.48
US jobless rate to 9.1 percent. Moreover, Nikkei benchmark edged lower to an 11-week
M&M 657.35 -1.75
closing low on Monday on speculation that Tokyo Electric Power Co (TEPCO) could go
BPCL 610.55 -1.71
through a court-led rehabilitation fanned bearish sentiment in the wake of soft US data.
HINDALCO 186.2 -1.56 TEPCO lost more than a quarter of their value. However, financial markets in China, Hong
ONGC 275.7 -1.54 Kong, South Korea and Taiwan are shut for the trade today on the back of public holiday.

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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 18045 18205 18420 18535 18685 Rangebound
NIFTY 5455 5490 5532 5580 5645 Rangebound
QUANTITATIVE ANALYSIS: The 30 share barometer index-Sensex-on BSE after breaching its 18300 mark settled above the 18400 level,
thereby gaining over 25 points. Similarly, the 50 share index accumulating over 10 points settled above the 5500 mark. However, unlike the
larger counterparts midcap index fail to end in green, while the Smallcap index went home with gain of over 0.15%.The market breadth on the
BSE ended negative; advances and declining stocks were in a ratio of 1313:1476 while 104 scrips remained unchanged. weak spells also came
from the stocks belonging to the Metal, Auto and Oil & Gas counters. Automakers fell on worries rising fuel costs could further slow growth.
Ashok Leyland slipped 2.50%, Bajaj Auto dropped 1.53% and Mahindra & Mahindra slid 1.51%.
FAVORED SCENARIO: Remember we have said that 5250-5270 could be the crucial support zone where possibility of bounce back couldn't be
rule out . Exactly to our expectation spot index continue to react in the same way though next level of resistance could be around 5630-5650. Any
break out above this level may generate another set of positivism and we might see another 1-2% return in the upcoming week however
5800-5830 could be the next resistance zone where possibility of profit booking can’t be rule out.
VARIED SCENARIO: On the flip side any correction from current level may drift indices towards 5330-5340 where we might see some sort of
consolidation.. Any drift below this level may further erode the sentiment however next level of support could be around 5160-5170. HAPPY
TRADING......

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

BANK NIFTY 10415 10610 10839 10965 11135 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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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

AGRE 54.75 53 51 55 57 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

KERNEX 94 92 90 94 96 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
 make more, for sure.

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

RANKLIN 17.25 16.75 16 17.5 18.25 Rangebound

SEBI Regn No. BSE: INB010985834

ENEBNNE
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Morning Note
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Vikram Singh Research Analyst vikram_research@moneysukh.com

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