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MORNING NOTE 15 DEC 2010

MARKET INSIGHTS: On Tuesday Dec 14, 2010, The Indian equity markets ended the
DATA MATRIX OF LAST SESSION
day with decent gains after trading in tight range throughout the day tracking mixed
INDEX Close Chg Chg global cues. The BSE Sensex and the NSE Nifty traded above their crucial mark of 19,700
Sensex 19799 107 0.54% and 5,900 respectively during most part of the session. Earlier in the morning, the
Nifty 5944 36 0.61% benchmarks opened on a positive note ahead of release of November inflation data but
profit booking resulted in reversal of early gains and led the indices into red for some
Midcap 7651 114 1.51% time. Meanwhile, the benchmark indices recovered from their day's lows to once again
Smallcap 9283 148 1.62% turn positive and started trading flat on the back of mixed global cues as US markets
closed flat overnight and Asian markets too were trading on a mixed note. The trade
VALUE TRADED (Rs Crs) Chg remained range bound till mid morning session but afterwards the markets gained
strength as concerns over interest rate hike in near term by the central bank subsided
BSE 3326 -0.83%
after latest data showed fall in inflation in November 2010. It was the final hour of trade
NSE 13130 -23.61% during which the benchmarks changed their gears and touched the intraday highs on
F&O Total 89902 -28.09% the back of buying interest in several blue-chip stocks buoyed by the positive sentiment.
The BSE Sensex advanced 107.41 points or 0.55% to settle at 19,799.19
NET INFLOWS (Rs Crs) Chg (Provisional) while the S&P CNX Nifty rose 32.30 points or 0.55% to end at 5,939.95
FIIs 34 -112% (Provisional). The BSE Sensex touched a high and a low of 19,836.82 and 19,621.41
respectively. There were 18 advances against 12 declines on the index. The S&P
DIIs 349 4%
CNX Nifty touched a high and a low of 5,953.95 and 5,888.75, respectively
(Provisional). There were 33 advances against 16 declines on the index.
FII OPEN INTEREST (Crs) Chg (Provisional)
FII Index Futures 18860 0.96% In the BSE sectoral space, Consumer Durables up 3.14%, Metal up 1.60%, PSU up
FII Index Options 54422 0.81% 0.97%, Realty up 0.95% and Capital Goods up 0.93%, remained the major gainers
FII Stock Futures 34655 2.07% while Auto down 0.20% remained the only laggard on the BSE sectoral space. The
broader indices ended in the green zone; the BSE Mid-cap index climbed 1.52%
FII Stock Options 780 3.44%
while the Small-cap index jumped 1.62%. There were 1491 advances against 1189
declines on the index. (Provisional)
World Indices Chg
All Asian markets barring Jakarta Composite and Straits Times finished the
Dow Jones 11477 0.42% day's trade in the positive terrain as increasing commodity prices boosted raw
Nasdaq 2628 0.11% material shares. Shanghai Composite gained 4.12 points or 0.14% to 2,927.08, Hang
FTSE 100 5891 0.51% Seng jumped 113.58 points or 0.49% to 23,431.19, KLSE Composite was up 0.79
points or 0.05% to 1,510.58, Nikkei 225 rose 22.88 points or 0.22% to 10,316.77, Seoul
Composite increased 12.46 points or 0.62% to 2,009.05 and Taiwan Weighted
Commodity Chg
advanced 3.84 points or 0.04% to 8,740.43. On the flip side, Jakarta Composite was
Crude Oil (US$/bl) 91.0 -0.03% down 2.57 points or 0.07% to 3,689.67 and Straits Times decreased 5.41 points or
Gold (US$/oz) 1396.0 -0.50% 0.17% to 3,176.91.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
STER 167.1 171.95 166.9 170.1 165 3.09 8297770
RANBAXY 547 563.8 545.15 561.5 545.7 2.9 696916
TATAMOTORS 1287 1315 1268.3 1307.1 1277.2 2.34 3791092
LT 1972 2007 1970 2007 1962.35 2.28 796917
TATASTEEL 633 649 632 644.9 631 2.2 5697913

SCRIPS Open High Low Close Prev Close % Change Volume

HEROHONDA 1758 1758 1705.5 1717 1773.95 -3.21 609137
JINDALSTEL 703.7 703.7 683.4 685 697.1 -1.74 829304
AXISBANK 1333.8 1334.9 1285.2 1303.3 1320.65 -1.31 2513689
M&M 769 769 753.05 759 768.4 -1.22 2207696
RELCAPITAL 665 668.5 653 656 662.35 -0.96 1542917
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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
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Morning Notes
make more, for sure.
MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TECHNICAL GLIMPSE: The Indian equity markets showed a very volatile trade on Monday, the start was well but as the trade
progressed the markets lost buyers interest though the global support once again lifted the markets in second half to post good gains.

FAVORED TOT UP: Remember we have said that range bound scenario between 5670-6070 could be more justified at this stage. From the
last three trading sessions spot index witnessed some suggestive buying from the lower levels. For the upcoming sessions we believe the same
scenario though 6060-6070 could be the crucial ress zone. For any major upside potential near to 6300 we believe spot index should close above
6070 for at least two consecutive days with substantial volumes.

VARIED TOT UP: On the flip side any sell off from current levels may drift indices towards 5700 level where we might see some sort of
consolidation. Any drift below 5670-5690 may open the flood gates and possibility of sharp slide near to 5500 should be on higher side.
HAPPY TRADING......
TODAY'S MARKET LEVELS
Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 19345 19540 19799 19940 20145 Rangebound
NIFTY 5830 5880 5944 5995 6070 Rangebound

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

BANK NIFTY 11010 11270 11574 11725 11930 Rangebound
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Morning Notes
make more, for sure.
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

MAGNUM 8.75 8.5 8.15 9 9.3 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

BIRLA ERIC 20.15 20 19.4 21 21.5 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
Morning Notes
make more, for sure.
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

VIMTA 35.1 34.5 33.5 35.5 36 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

AMAR 83.3 86 89 82 80 Rangebound

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
Morning Notes
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Pashupati Nath Jha Research Analyst pashupatinathjha@moneysukh.com
Vikram Singh Research Analyst 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 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