Morning Notes 25.05.

2010

DATA MATRIX OF LAST SESSION MARKET INSIGHTS: On 24th May 2010,In a total reversal of course, the key benchmark
indices turned negative in late trade as European stocks gave away initial gains and as US
INDEX Close Chg Chg%
index futures fell. The BSE 30-share Sensex was provisionally down 330 points from the
Sensex 16469 23 0.14% day's high from the day's low. Banking, metal, auto and realty stocks reversed initial gains.
Nifty 4944 13 0.26% Index heavyweight Reliance Industries (RIL) pared initial gains triggered by a truce
Midcap 6690 2 0.03% between the two Ambani brothers - Mukesh and Anil on Sunday, 23 May 2010. Shares of
Smallcap 8467 52 0.62% Anil Dhirubhai Ambani group surged. The S&P CNX Nifty was below the psychological
5,000 mark after alternatively moving above and below that level earlier in the day.
Volatility was high as traders rolled over positions in the futures & options (F&O) segment
VALUE TRADED (Rs Crs) Chg% from May 2010 series to June 2010 series ahead of the expiry of the near-month May 2010
BSE 4072 -6.35% contracts on Thursday, 27 May 2010. The market surged in early trade tracking gains in
NSE 12340 -16.14% Asian stocks. It held firm in morning trade. The market extended gains in early afternoon
F&O Total 118524 -1.82% trade as European stocks rose at the onset of the trading session. The market came off the
higher level in afternoon trade. The market was further off the day's high in mid-afternoon
trade as European stocks gave up initial gains. The market slipped into the red in late trade.
NET INFLOWS (Rs Crs) Chg%
As per closing figures, the BSE 30-share Sensex was up 24 points to 16,469. The Sensex
FIIs -995.0 -35%
gained 312.12 points at the day's high of 16,757.73 in afternoon trade. The S&P CNX Nifty
DIIs 1107.0 36%
was up 12 points 4944 as per last figures. It came off an intraday high of 5,029.55. The BSE
Mid-Cap index fell 0.19%. The BSE Small-Cap index rose 0.37%.
FII OPEN INTEREST (Crs) Chg%
European shares turned negative on Monday after falling in the previous three sessions,
FII Index Futures 17816 8.99% with investors staying cautious on a Spanish bank bailout and on worries the euro zone crisis
FII Index Options 51303 2.96% could hurt growth. The key benchmark indices in France, UK and Germany were down
FII Stock Futures 29314 -0.19% 0.61% to 1.11%. Earlier in the global day, most Asian stocks rose, tracking gains on Wall
FII Stock Options 1602 -0.88% Street on Friday, 21 May 2010. The key benchmark indices in China, South Korea, Indonesia,
Hong Kong, Singapore and Taiwan rose by 0.3% to 3.48%. But, the key benchmark indices in
Indonesia and Japan fell by 0.27% to 0.52%.
World Indices Chg %
Dow Jones 10066 -1.25% NEWS ROOM: Cabinet Secretary K.M. Chandrasekhar on Monday said inflows towards
the third-generation (3G) spectrum auction, which concluded last week will bring down
Nasdaq 2214 -0.67%
fiscal deficit and cut the government's borrowing plans. The government has mopped up
FTSE 100 5070 0.14% almost Rs 70000 crore from the sale of 3G spectrum, which is twice the projected revenue.
The government could additionally generate about Rs 15000 crore from sale of pan-India
Commodity Chg %
licenses for broadband wireless access (BWA) services. Prime Minister Manmohan Singh
Crude Oil (US$/bl) 70.0 -2.93% on Monday said inflation is showing signs of moderating and the government expects to
Gold (US$/oz) 1191 1.19% achieve a medium term target of 10% GDP growth annually. The prime minister said he

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
RCOM 140 150.85 137 147.5 133.25 10.69 14670534
RPOWER 145 159.45 141.25 149.2 138.75 7.53 7603264
RELINFRA 1009 1106.45 1005 1042 989.1 5.35 4458478
RELCAPITAL 655.1 696.9 655 669 642.15 4.18 2284434
JINDALSTEL 650 655.15 639.5 654 634.55 3.07 3021784

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
HINDALCO 152.1 155.65 144.2 144.5 151.65 -4.71 8318493
DLF 272 280 260.35 260.7 269 -3.09 6422983
TATASTEEL 516 524 495.1 495.8 509.25 -2.64 6739616
MARUTI 1254.9 1259 1205 1206 1238.55 -2.63 263273
SAIL 204 209 198.05 198.25 202.95 -2.32 2126122

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Morning Notes

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 15990 16150 16469 16730 16900 Rangebound
NIFTY 4850 4890 4944 4980 5030 Rangebound

TECHNICAL VIEW: Well quite a volatile session we have witnessed yesterday. Opened a relatively higher note domestic
indices whipped off all its intra day gains in the late trade and closed on a slightly negative note below 4950 level. For today’ s
session we believe the same scenario though bouts of volatility expected in late half. We believe 4890 will be the key support
level below which spot index may drift towards 4800 in a short span of time where possibility of bounce back shouldn't be rule
out. Hence clients are advised to remain edgy at this stage and watch 4890-4900 level to break down. Moreover in such case ‘Buy
on dip’ strategy near 4800 will be recommended though money deploy will be partial one. HAPPY TRADING...

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

BANK NIFTY 8725 8910 9031 9290 9430 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SURYA ROSHANI 85.85 84 83 86 87 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

PIR LIFE 130.45 127 123 132 136 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SURYA LAXMI 65.95 64 63 66 67 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

ATN INTER 2.85 3 3.1 2.8 2.7 Rangebound

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Morning Notes

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