Morning Note 08 JUNE 2011

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DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

INDEX Close %Chg

Sensex 18496 0.41
Nifty 5556 0.43
Midcap 6932 0.77
Smallcap 8306 0.64

VALUE TRADED (Rs Crs) %Chg

BSE 2506 2.92 MARKET INSIGHT
NSE 8712 9.15 On Tuesday 07 June 2011, Buying interest extended the positive momentum for Dalal Street for the
F& O Total 67132 -9.32 second straight day. However, with no big triggers to direct the movements of the local bourses on
Total Volume 78350 -7.22 either side, the trade at equity markets remained quite range bound. The participation of the broader
indices mainly led to the path of gains. Further, easing crude oil prices too gave some respite to the
NET INFLOWS (Rs Crs) %Chg equity markets to some extent, which were earlier smoldering under the fears of rate hike and growth
FIIs 112.0 -155.45 threatening Inflation. Brent crude fell below $114 a barrel on Tuesday on expectations OPEC may
DIIs 31.0 -83.24 raise its production target this week. Besides, these some support also came from the rebound of the
European markets. On the global front, the US markets closed lower for the fourth-consecutive
FII OPEN INTEREST (Crs) %Chg
trading session, led by weakness in banks and energy, as investors turned cautious over a slowdown
FII Index Futures 17119 1.39
in the recovery. Meanwhile, major Asian market tailing the wall street dropped for the fourth day, as
FII Index Options 43282 1.43
falling oil and metal prices amid a spate of weak US economic data and uncertainty over a new aid
FII Stock Futures 30010 1.30
deal for Greece suppressed investor risk appetite. The European markets rebounded from 4 days
FII Stock Options 465 6.41
losing run with miners emerging as the gainers and German utility rising after bullish comment from
World Indices %Chg UBS.

Dow Jones 12070 -0.17 The BSE Sensex gained 77.31 points or 0.42% and settled at 18,497.42. The index touched a
Nasdaq 2702 -0.04 high and a low of 18,545.95 and 18,351.24 respectively. 18 stocks advanced against 12
FTSE 100 5865 0.03 declining ones on the index . The BSE Mid-cap index gained 0.78% while Small-cap index was
up by 0.65% respectively. (Provisional) On the BSE Sectoral front, Realty advanced 1.70%, Oil
Commodity %Chg
& Gas up 1.34%, IT gained 1.19%, Health Care up 1.14% and Metal gained 0.97% were the
Crude (US$/bl) 116.00 1.75
gainers. On the flip side, Capital Goods down 0.44% and FMCG down 0.17% were the only
Gold (US$/oz) 1542.00 -0.13 losers.
Top 5 Movers Close Price %Chg ?India VIX, a gauge for market's short term expectation of volatility lost 0.98% at 18.03 from its
DRREDDY 489.5 2.41 previous close of 18.21 on Monday. The S&P CNX Nifty gained 24.80 points or 0.45% to settle
CIPLA 959.6 2.33 at 5,556.85. The index touched high and low of 5,570.10 and 5,507.80, respectively. 29 stocks
SUNPHARMA 84.45 2.05 advanced against 19 declining ones while 2 stocks remained unchanged on the index.
HDFC 579.55 2.05 (Provisional)
KOTAKBANK 539 1.85 Asian equity indices finished the day's trade on mixed note on Tuesday as investors remained
on the safer side amid concern over a slowing US economy. Hong Kong shares edged lower
Top 5 Loser Close Price %Chg
in the trade on Tuesday, led by coal counters, playing catch-up after a long holiday weekend
HINDUNILVR 306.9 -2.56
to weak overseas markets that remained on the back foot. However, Shanghai Composite
HEROHONDA 1830 -1.64
ended with a gain of over half a percent but lingering worries over the potential for further
LT 1706 -1.26
monetary tightening limited the market's rise.
ACC 1029.15 -1.1
WIPRO 441 -0.91

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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 18496 18685 18780 Rangebound
NIFTY 5455 5490 5556 5595 5645 Rangebound
QUANTITATIVE ANALYSIS: The 30 share barometer index on BSE-Sensex- after getting some support around the 18350 level ascended from
thereon, however, the index after touching a high of 18,545 ended below the 18500 mark. However, the 50 share barometer index -Nifty-on NSE
sustaining its gains ended above the 5500 mark. The broader indices remained the gainer of the day twinkling with gains of over 0.50% each. The
market breadth on the BSE ended positive; advances and declining stocks were in a ratio of 1520:1267 while 110 scrips remained unchanged.
Back home, stocks from Realty, Oil & Gas and Information Technology space mainly offset the losses arising from the Capital Goods, Fast
Moving Consumer Goods and Auto counters. HDIL (up by 5.93%), Orbit Corporation (up by 2.86%) and Indiabulls Real Estate ( up by 1.72%)
mainly led to the gain of over 1.50% for Realty Index.
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 10882 11070 11260 Rangebound
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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

QUINTEGRA 3.35 3.25 3 3.5 3.75 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

MMFSL 57.15 56 54 58 60 Rangebound

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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

KGL 13.85 13 12 14 15 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

BLB 6.65 7 7.25 6.5 6.25 Rangebound

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Morning Note
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Vikram Singh Research Analyst vikram_research@moneysukh.com

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