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MORNING NOTE 30 DEC 2010

DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

INDEX Close Chg Chg
! ONGC approves stock split and bonus
Sensex 20256 231 1.15% ! Welspun Corp acquires 35% stake in Leighton Holdings for $104 million
Nifty 6060 64 1.07% ! Salora International to close manufacturing facility at Noida
Midcap 7658 39 0.51% ! SEL Manufacturing board to consider the raising of capital through various modes
Smallcap 9511 106 1.13% ! M&M in euphoric mood on its plan of hiking products’ prices across all categories
from Jan
VALUE TRADED (Rs Crs) Chg
! Rubber prices likely to remain strong in near term
BSE 2946 8.79%
NSE 9536 9.56% ! Steel Authority of India fixes record date for interim dividend
F&O Total 125046 31.60% MARKET INSIGHT
On Wednesday Dec 29, 2010,The domestic equity markets finally came out of their
NET INFLOWS (Rs Crs) Chg
consolidation mood on Wednesday, after struggling witnessing sluggish trade for two
FIIs 5458 4906% straight days. Though the start was a bit cautious as the US markets closed flat on getting
DIIs 170 -164% disappointing consumer confidence data but the regional counterparts were mostly trading
high and that gave confidence to the local equity markets. In the early morning trade, the
FII OPEN INTEREST (Crs) Chg markets witnessed some profit booking and it looked that the sluggishness will continue but
FII Index Futures 20516 -0.41% as the trade progressed the markets firmed up, though till noon the trade remained range
FII Index Options 60425 2.88% bound but very much in the grip, after which the markets started moving higher supported
by the broad based buying, though the mid cap stocks were slightly cautious and remained
FII Stock Futures 37175 2.10%
steady but they too registered good amount of gain in the later trade. Midway the mixed start
FII Stock Options 739 -3.31%
of the European markets turned the mood of domestic markets cautious but later recovery in
them gave a reason to cheer and the markets started moving higher, with benchmarks scaling
World Indices Chg their respective psychological levels, Sensex - 20200 and Nifty- 6050. Markets touched their
Dow Jones 11585 0.08% high points of the day in last moments and finally closed near to it.
Nasdaq 2667 0.15%
FTSE 100 5996 -0.22% The BSE Sensex surged 245.28 points or 1.22% to settle at 20,270.70 (Provisional) while
the S&P CNX Nifty soared 66.55 points or 1.11% to end at 6,062.55 (Provisionally). The
Commodity Chg BSE Sensex touched a high and a low of 20,274.20 and 20,054.64 respectively. There were
Crude Oil (US$/bl) 94.0 -0.31% 27 advances against 3 declines on the index. The S&P CNX Nifty touched a high and a
low of 6,067.55 and 6,002.85, respectively (Provisional). There were 38 advances against
Gold (US$/oz) 1413.0 0.57%
12 declines on the index. (Provisional)

Top Movers Close Price Chg In the BSE sectoral space, CD up 1.98%, Bankex up 1.58%, Metal up 1.54%, FMCG up
BHARTIARTL 354.5 3.55 1.49% and Teck up 1.02% remained the major gainers while there were no laggards on
HDFCBANK 2334.05 3.45 the BSE sectoral space. The broader indices ended on a positive note; the BSE Mid-cap
STER 185.25 3.4 index climbed 0.52% while the Small-cap index jumped 1.07%. There were 1575
advances against 1241 declines on the index. (Provisional)
HINDUNILVR 304.25 3.35
HDFC 718 2.51 All the Asian equity indices barring Taiwan Weighted finished in the positive terrain on
Wednesday as increased oil and gold prices boosted commodities stocks globe over.
Top Losers Close Price Chg Shanghai Composite rose 18.54 points or 0.68% to 2,751.53, Hang Seng soared 347.57
CIPLA 367.4 -1.01 points or 1.54% to 22,969.30, Jakarta Composite surged 39.22 points or 1.07% to 3,699.22,
SUNPHARMA 479.75 -0.72 KLSE Composite increased 6.90 points or 0.45% to 1,524.34, Nikkei 225 gained 51.91
SUZLON 51.7 -0.67 points or 0.50% to 10,344.54, Straits Times jumped 24.21 points or 0.76% to 3,207.91 and
Seoul Composite added 10.17 points or 0.50% to 2,043.49. On the flip side, Taiwan
WIPRO 488.55 -0.57
8,866.35.
RCOM 138.6 -0.57

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Morning Notes
make more, for sure.
MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TECHNICALLY SPEAKING: The domestic equity markets finally came out of their consolidation mood on Wednesday, after struggling
witnessing sluggish trade for two straight days. Though the start was a bit cautious as the US markets closed flat on getting disappointing
consumer confidence data but the regional counterparts were mostly trading high and that gave confidence to the local equity markets.
.
FAVORED TOT UP: Remember we have said that range bound scenario between 5690-6070 could be more justified at this stage. From the
last few trading sessions spot index witnessed some suggestive buying from the lower levels. For the upcoming sessions we believe the same
scenario though 6060-6070could be the crucial resistence zone. For any major upside potential near to 6200 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 5800 level where we might see some sort of
consolidation. Any drift below this may open the flood gates and possibility of sharp slide near to 5690-5700 should be on higher side. HAPPY
TRADING......
T O D A Y 'S M A R K E T L E V E L S
In d e x S u p p o rt 2 S u p p o rt 1 P re v io u s C lo s e R e s is ta n c e 1 R e s is ta n c e 2 T re n d
SEN SEX 19595 19845 20256 20460 20635 R ang ebo und
N IF TY 5955 6010 6061 6095 6145 R ang ebo und

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

BANK NIFTY 11210 11425 11639 11840 12015 Rangebound
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Morning Notes
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

LGB FORGE 3.8 3.75 3.65 3.85 3.95 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

MLL 55.8 55 53 57 59 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
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Morning Notes
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

DELTA 106.55 104 100 108 112 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

ICIL 16.2 17 17.5 16.5 16 Rangebound

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Morning Notes
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