Morning Note

31 MAY 2013
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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 20215 6124 6476 6037 %Chg 0.33 0.33 0.05 -0.36

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 4029 13808 283112 300949

%Chg
123.71 43.98 41.91 42.70

MARKET INSIGHT
On Thursday 30 May 2013, Though volatility played least part on the last trading session of

NET INFLOWS (Rs Crs)

FIIs DIIs 787.0 (316.0)

%Chg
22.20 2.60

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 20939.2 55795.31 36334.27 3126.04

%Chg
7.99 -5.70 3.49 -30.65

World Indices
Dow Jones Nasdaq FTSE 100

%Chg
-100.00 -100.00 -100.00

May derivatives contract, with benchmarks equity indices mostly languishing in the red zone up till the final hour of trade. However, the action of bourses in the dying hours of trade helped bourses in resuming their winning streak after a session of consolidation. Sectorally, Auto, Fast Moving Consumer Goods, Power were the pockets of strength, while much of the pressure was exerted from stocks belonging to Realty, Metal and Oil & Gas counters. Metal stocks declined for the second consecutive session of trade after the International Monetary Fund (IMF) cut its growth forecast for China citing a weak world economy and exports. While, banking stocks too edge lower after RBI study brought into light irregularities in the entire banking system by finding out KYC and AML violations in thematic study of 30 banks. The market breadth on the BSE ended negative; advances and declining stocks were in a ratio of 1062: 1327, while 133 scrips remained unchanged. From the expiry perspective, market wide rollover was higher than the three month average. Sectorally, FMCG, Capital goods and Financials space witnessed high rollover of positions, while Automobile, Pharma and Power stocks observed relatively low rolls into the June series. The BSE Sensex gained 42.17 points or 0.21% to settle at 20,189.81.The index touched a high and a low of 20,254.03 and 20,066.14 respectively. Among the 30-share Sensex pack, 15 stocks gained, while rest of 15 declined. The BSE Mid cap indices ended up by 0.10% and Small cap indices ended down by 0.35%. (Provisional) On the BSE Sectoral front, Auto up by 2.21%, FMCG up by 1.97%, Power up by 0.86% and PSU up by 0.14%, were the only gainers, while Realty down by 2.56%, Metal down by 1.03%, Oil & Gas down by 0.95%, Bankex down by 0.68% and Capital Goods down by 0.48%, were the top losers in the space. (Provisional) India VIX, a gauge for markets short term expectation of volatility lost 10.19% at 16.04 from its previous close of 17.86 on Wednesday. The CNX Nifty gained 10.25 points or 0.17% to settle at 6,114.55. The index touched high and low of 6,133.75 and 6,072.15 respectively. 21 stocks advanced against 28 declining, while one stock remains unchanged on the index. (Provisional) Asian markets closed the shutter on a weak note as concerns about the US Federal Reserve scaling back its huge stimulus programme in the next few months rattled investors. Japan's Nikkei went home with red mark as yen strengthened against dollar. Stocks in China closed lower ahead of official manufacturing data out this weekend. South Korea's Kospi went home with red mark after swinging between gains and losses, while Hong Kong's Hang Seng index also extended losses to close at a one-month low.

Commodity
Crude (US$/bl)

%Chg
-100.00 -100.00

Gold (US$/oz) Top 5 Movers M&M TATAMOTORS ITC ASIANPAINT KOTAKBANK

Close Price
1,008.40 315 355 4,938.00 796

%Chg
4.93 3.69 3.6 2.55 2.41

Top 5 Loser
CIPLA TATASTEEL JPASSOCIAT HINDALCO ICICIBANK

Close Price
382.75 302.6 66.8 106.45 1,178.00

%Chg
-4.72 -3.8 -3.47 -3.36 -3.04

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Expiry session of May series futures and options (F&O) contract turned out to be positive one the markets with benchmark equity indices witnessing relief rally in last leg of trade. Ahead of January-March quarter GDP figures and amidst mixed global cues, benchmark 30 share index, Sensex, added close to half a percent, to shut shop above the psychological 20,200 mark, while Nifty, gaining over 35 points, concluded above the crucial 6100 level. For the series, Nifty gained over 3% and CNX Midcap was up by over 1.5%, however, CNX Small cap index went suffered loss of close to a percent for the series. Back to D-street, slew of positive earnings from corporate such as M&M, Tata Motors and IOC also added to the vigor by the end of the trade. Additionally, recovery of European markets added to the upside of the local equity indices at D-street. For the upcoming sessions we believe spot index may continue its upward journey however 5930 followed by 5850 could be near term support levels. Any drift below these levels may further drag spot index towards 5700 where we might see some consolidation. On the flip side 6190-6250 could be the crucial resistance zone. HAPPY TRADING........

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
19505 5952 12302

Support 1
19705 6018 12512

Previous Close
20215 6124 12807

Resistance 1
20431 6162 13204

Resistance 2
20615 6196 13448

Trend
Rangebound Rangebound Rangebound

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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

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Morning Note
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NAME
Varun Gupta Pashupati Nath Jha Vikram Singh

DESIGNATION
Head - Research Research Analyst Research Analyst

E-MAIL
varungupta@moneysukh.com pashupatinathjha@moneysukh.com vikram_research@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 RegnBSE: No.INB BSE: INB010985834 / NSE: INB230781431 SEBI Reg.No: 010985834, F&O: INF 010985834
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