Morning Note

25 Oct 2013

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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 20725 6164 5996 5853 %Chg -0.21 -0.23 0.17 -0.05

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 2073 11986 205077 219136

%Chg
-6.92 -0.70 7.85 7.19

MARKET INSIGHT
On 24 Oct 2013, It was a disappointing day of trade when profit booking took the centre stage,

NET INFLOWS (Rs Crs)

FIIs DIIs 991.8 (735.4)

%Chg
53.82 34.79

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 16089.80 64064.37 29158.92 3229.21

%Chg
2.52 0.25 0.60 0.24

World Indices
Dow Jones Nasdaq FTSE 100 15509 3929 6713

%Chg
0.62 0.56 0.58

dragging the markets into red. Traders considering the high level an opportunity opted to book profit. The early gains in the markets was mainly propelled by the banking stocks that continued their surge after Finance Ministry finalized the bank-wise capital infusion plan aggregating Rs 14,000 crore by March next year and at one point of time bank Nifty crossed its record high of over 11000 mark. Strength in rupee that supported the equity markets, too saw paring most of early gains. Telecom stocks that gained in early trade on the back of TRAI sticking to its recommendations for steep cuts in the floor price of spectrum for upcoming auctions as well as on spectrum refarming, came off their days high and most of them barring Bharti, ended in red. Result reactions too kept the markets buzzing, Wipro continued its slide for the second day in a row after weak revenue guidance, while the whole cement sector was under pressure after Ambuja Cements reported 45.40% fall in its net profit at Rs 165.97 crore for the September quarter. Aviation pack too showed subdued trend, down by 2-3% after secondbiggest carrier by domestic market share, Jet Airways reported its worst quarterly loss at Rs 891.01 crore for the quarter as compared to a net loss of Rs 99.67 crore for the same quarter in the previous year. Also FIPB approved the Singapore Airlines' proposal to start an aviation venture with Tata Sons entailing an initial foreign investment of $ 49 million. Morever, the broader indices too lost their momentum and made a mixed closing. a ratio of 1194:1291, while 188 scrips remained unchanged. (Provisional)The BSE Sensex lost 60.51 points or 0.29% to settle at 20707.37.The index touched a high and a low of 21039.42 and 20656.70 respectively. Among the 30-share Sensex, 9 stocks gained, while 21 stocks declined. The BSE Mid cap index ended higher by 0.11%, while Small cap index ended lower by 0.03%. On the BSE Sectoral front, Capital Goods up by 1.08%, Auto up by 0.51%, Consumer Durables up by 0.29%, Bankex up by 0.23% and FMCG up by 0.17%, were the top gainers, while IT down by 1.81%, Teck down by 1.58%, Realty down by 1.35%, Power down by 1.23% and PSU down by 0.86% were the top losers in the space. (Provisional) 20.64 from its previous close of 20.35 on Wednesday. The CNX Nifty lost 14.95 points or 0.24% to settle at 6,163.40. The index touched high and low of 6,252.45 and 6,142.95 respectively. Out of the 50 stocks on the Nifty, 20 ended in the green, while 30 ended in the red. .

Commodity
Crude (US$/bl)

%Chg
97.5 1346.6 0.01 0.91

Gold (US$/oz) Top 5 Movers RANBAXY IDFC NMDC M&M GAIL

Close Price
397.3 105.25 140.05 888 352.4

%Chg
2.71 2.68 2.6 2.56 1.56

Top 5 Loser
HCLTECH WIPRO COALINDIA TCS BHEL

Close Price
1,055.40 469.85 278.8 2,007.95 139.45

%Chg
-4.63 -4.59 -3.81 -2.58 -2.28

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Unable to sustain at higher levels domestic indices once again shown some profit booking in the last session. Benchmarks that made a cautious but positive start surprisingly started moving up and by the late noon trade surged to their over three years high, supported by broad based buying after a sharp fall in last session. However, the second half of the trade was equally disappointing with major indices losing all their gains slipped into red territory and found it hard to recover from there till last. On the global front, the cues remained mixed as after a negative close of the US and subsequent fall in early deals, the Asian markets mostly ended in green. Though, the Chinese markets closed lower despite a flash report showing that manufacturing output strengthened more than anticipated this month. For the upcoming sessions spot index may continue its range bound journey however 6230-6260 could be the near term resistance zone. Any substantial break out above this range with decisive volumes may further strengthens the current sentiment and we might se 6360-6390 in a short span of time. On the flip side any spiral selling below 5860-5830 may attract some bears and we might see 5630-5650 though any correction could be used as a decent opportunity to go long.....

Index
SENSEX NIFTY BANK NIFTY

Support 2
20470 6102 10412

Support 1
20605 6132 10605

Previous Close
20725 6164 10910

Resistance 1
20998 6244 11022

Resistance 2
21215 6296 11212

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 Mohit Taneja

DESIGNATION
Head - Research Research Analyst

E-MAIL
varungupta@moneysukh.com

mohit.t@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 Regn No. INB010985834 / 010985834 NSE: INB230781431 SEBI Reg.No: BSE: INBBSE: 010985834, F&O: INF 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