Morning Note 16 MAY 2011

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DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

Supreme Infrastructure to invest Rs 18 crore in equity capital of Rudranee Infra
INDEX Close %Chg
Sutlej Textiles and Industries board recommends dividends (RS 5/SH)
Sensex 18531 1.06 Bell Ceramics gets approval for scheme of arrangement of amalgamation
Nifty 5545 1.08 Pantaloon Retail reports 43% rise in its Q3 net profit
Midcap 6903 0.86 Forex reserves decreases $3976 million to $309.535 billion
Smallcap 8368 0.40 Vedant Hotels gets approval to acquire controlling stake in Dhanada Securities
Trading
VALUE TRADED (Rs Crs) %Chg
BSE 2840 9.40 MARKET INSIGHT
NSE 10633 14.36 On Friday 13 May 2011, Overcoming negative global cues and lull witnessed in the previous session,
F& O Total 159374 45.04 the local equity markets snapped the week victorious in line with the success of the ruling Congress-
Total Volume 172847 41.94 led coalition in West Bengal, Kerala and Assam. A good showing for Congress may restore some lost
political authority for Prime Minister Manmohan Singh after the country's worst ever corruption
NET INFLOWS (Rs Crs) %Chg scandal paralyzed the government for months and hit foreign investment into Asia's third-largest
FIIs (161) -61.67 economy. Back to the Dalal Street, the Indian markets gained momentum as traders bought stock
DIIs (12) -103.85 available at lower levels after a profit booking session. Buying was witnessed across the sector as all
the 13 sectoral indices were trading buoyant. However, notable gains were posted from the stock
FII OPEN INTEREST (Crs) %Chg
belonging to the Fast Moving Consumer Goods, healthcare and Metal sector, while the rebound of
FII Index Futures 20397 0.30
the financials also further cushioned the sentiment. Besides, the rally of the large caps, participation
FII Index Options 49010 1.51
of the Smallcap in the session upmove also led to the positive ending for the week. On the Sectoral
FII Stock Futures 30425 1.44
front, besides, the surge of the stocks belonging to the defensive sector--Fast Moving Consumer
FII Stock Options 540 4.03
Goods, Metal Stocks rallied as base metal prices edged up in international trade. SAIL, Hindalco and
World Indices %Chg Tata Steel firmed between 1.3 percent and 2.8 percent. Meanwhile, bargain buying of the banking

Dow Jones 12596 -0.79 stocks led to the rebound of the Bankex on the BSE sectoral space. However, Axis Bank, IDBI Bank,

Nasdaq 2828 -1.22 ICICI Bank were up between 1.5-3.5% each.

FTSE 100 5926 -0.32 The BSE Sensex surged 247.81 points or 1.35% and settled at 18,583.60. The index touched a high
and a low of 18,724.54 and 18,280.70 respectively. 29 stocks advanced against lone declining one on
Commodity %Chg
the index (Provisional) The BSE Mid-cap was up 0.94% and Small-cap indices were up by 0.42%
Crude (US$/bl) 114.00 0.91
respectively. (Provisional) All the setoral indices on BSE ended in green, but the top gainers
Gold (US$/oz) 1495.00 -0.63
among them were FMCG up 2.53%, Health Care up 2.15%, Metal up 1.74%, Capital Goods up
Top 5 Movers Close Price %Chg 1.74% and Auto up 1.61%

DRREDDY 1664.25 4.11 ?India VIX, a gauge for market's short term expectation of volatility lost 2.82% at 20.63 from its
AXISBANK 1246.8 3.41 previous close of 21.23 on Thursday. The S&P CNX Nifty gained 77.65 points or 1.42% to
JPASSOCIAT 87.9 3.41 settle at 5,563.80. The index touched high and low of 5,605.00 and 5,472.15, respectively. 47
ITC 190 3.37 stocks advanced against 3 declining ones on the index. (Provisional)
AMBUJACEM 137.25 3.16 ?Most of the Asian equity indices finished higher in the trade on last trading day of the week led by
Chinese and Hong Kong's shares which rose about one percent in the trade amid optimism that
Top 5 Loser Close Price %Chg
China will limit interest-rate rises after yesterday ordering banks to set aside more reserves for a
RCOM 90.7 -0.71
fifth time this year. Strength in financial and property shares in China after analysts' view that the
HDFC 645.6 -0.25
latest rise in bank reserve requirements had been priced into the market too aided the sentiments.
SUNPHARMA 430 -0.2
However, Japanese Nikkei declined more than half a percent amid disappointing earnings
following the nation's worst earthquake.

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 18210 18345 18531 18675 18780 Rangebound
NIFTY 5455 5490 5545 5585 5630 Rangebound
QUANTITATIVE ANALYSIS: The 30-share index on the Bombay Stock Exchange--Sensex-- reclaiming its 18500 mark ended well above it,
while the wide-based National Stock Exchange Nifty index gained over 1% and ended above its key physiological level of 5500 mark. The
market breadth on the BSE ended positive; advances and declining stocks were in a ratio of 1553:1195 while 169 scrips remained unchanged.
However, notable gains were posted from the stock belonging to the Fast Moving Consumer Goods, healthcare and Metal sector, while the
rebound of the financials also further cushioned the sentiment. Besides, the rally of the large caps, participation of the Smallcap in the session
upmove also led to the positive ending for the week.
FAVORED SCENARIO: Remember we have said that any break down below 5680 could open the flood gates and we might see 5555-5545 in a
short pan of time . Exactly to our expectation spot index manages to sustain around this level though we feel sentiments remain shaky in
upcoming sessions. Moreover trend line drawn adjoining two significant bottoms 5177 and 5232 , next level of support could be around 5430
level where possibility of bounce back couldn't be rule out. Hence clients are advised to remain cautious and use ‘Buy on Dip’ strategy on
any substantial correction.
VARIED SCENARIO: On the flip side such sharp drifts usually encountered by aggressive retracements . In that case 5760-5770 (200 DMA)
could be the key resistance zone where we might see some selling pressures. Any closing above this level with substantial volumes may
boost the traders sentiment however 5945-5960 could be the next resistance zone. HAPPY TRADING......

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

BANK NIFTY 10630 10790 11065 11230 11470 Rangebound

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Website: www.moneysukh.com
Morning Note
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SKS MICRO 379.45 375 370 380 385 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

NEPC 5.3 5.25 5.05 5.5 5.75 Rangebound

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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
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com
Morning Note
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

HAVELLS 396.5 395 385 405 415 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

HDFC 649.35 655 665 645 635 Rangebound

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Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
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Morning Note
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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 note that our technical calls are totally independent of our fundamental calls. Technical Trends calls are based on momentum,
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-Entry/exit will be on the basis of price or time priority
-Use strict stop loss at 15% from your average acquisition price
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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