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CD E Q U IS E A RCH P V T LT D

DAILY TECHNICAL

M O R N I N G B UZ Z VOL CV TUESDAY, DECEMBER 14, 2010

Market Barometer

The local benchmark, nifty 50 ended the first day of a week on a strong note after recovering its
lost ground in the day’s trade.The index oscillated in a tight band to gradually inch
closer towards the neutral line however, a late spurt in buying interests helped the
fifty stock index recoup close to triple digit gains from the low point of the day to
close a tad above the psychologocal 5,900 level. The overall sentiments remained ex-
tremely optimistic through the day and market breadth remained dominantly in fa-
vour of advancing stocks at 1028 against 272 declines in the last. The markets regis-
tered volume of over Rs 1.4 lakh crore while the turnover for NSE F&O segment re-
mained on the lower side compared to Friday at over Rs 1.23 lakh crore. The India
Volatility Index (VIX), a gauge for market’s short term expectation of volatility, soared
4.34% and reached 22.57, while S&P Nifty climbed 50.30 points to close at 5,907.65.
The market breadth on the Nifty remained in favour of advances which stood at 37
against 13 declines. Nifty December futures saw an addition of 5.48% or 1.36 million
(mn) units, taking the total outstanding open interest (OI) to 26.35 mn units. For Nifty
calls, 5900 strike price (SP) from the December series was the most active call with a
contraction of 0.05 mn or 1.27%. Among Nifty puts, 5800 SP from the December
month expiry was the most active put with an addition of 0.71 mn or 10.25%. The
maximum Call OI outstanding was at 5900 SP (4.58 mn) and that for Puts at 5800 SP
(7.65 mn). The respective Support and Resistance levels are: Resistance 5,949.00

Equities Derivatives Commodities Distribution of Mutual Funds Distribution of Life Insurance


CD Equisearch Pvt Ltd
Daily Technical Research Report TUESDAY, DECEMBER 14, 2010

Index Open High Low Current Previous Change Change(%) WORLD MARKETS
SENSEX 19,600.28 19,710.57 19,321.41 19,691.78 19,508.89 182.89 0.94 Stocks ended flat Monday after expectations that a tax-
MIDCAP 7,405.97 7,544.04 7,405.97 7,537.00 7,405.97 131.03 1.77 cut package will pass the Senate kept them higher for
much of the day.
SMLCAP 8,951.30 9,156.98 8,951.30 9,134.65 8,951.30 183.35 2.05
The tax-cut compromise brokered by the White House
BSE Sectoral Indices and Republicans was scheduled for its first Senate vote
REALTY 2,746.85 2,826.78 2,726.06 2,818.44 2,742.05 76.39 2.79 late Monday.
METAL 16,064.36 16,344.67 15,933.74 16,327.38 15,991.28 336.10 2.10 If enacted, the package will extend tax cuts passed dur-
POWER 2,883.20 2,937.36 2,875.88 2,935.40 2,875.17 60.23 2.09 ing the Bush administration for all income levels for an-
CG 15,110.66 15,341.78 15,013.24 15,306.54 15,053.93 252.61 1.68 other two years. It will also extend unemployment bene-
fits through next year and put in place a one-year reduc-
PSU 9,245.35 9,377.98 9,233.18 9,369.80 9,222.70 147.10 1.59
tion in Social Security taxes.
OIL&GAS 10,448.65 10,579.35 10,320.95 10,560.62 10,426.23 134.39 1.29 Economists expect the nearly $900 billion tax package to
HC 6,512.88 6,588.78 6,480.24 6,582.25 6,498.87 83.38 1.28 boost economic growth and increase the size of the
CD 5,947.71 6,065.96 5,922.56 6,018.48 5,947.71 70.77 1.19 budget deficit. House Democrats have pledged to block
BANKEX 13,074.01 13,148.20 12,820.75 13,091.22 13,002.87 88.35 0.68 the measure unless tax rates rise for the nation's
AUTO 9,970.03 10,012.68 9,890.86 9,981.48 9,921.76 59.72 0.60 wealthiest estates.
Traders were also encouraged by a handful of deals an-
TECk 3,745.30 3,750.56 3,668.52 3,744.44 3,736.10 8.34 0.22
nounced Monday. General Electric Co. is paying $1.3 bil-
IT 6,265.62 6,281.47 6,143.72 6,272.12 6,261.63 10.49 0.17 lion to buy British oilfield company Wellstream Holdings
FMCG 3,568.03 3,577.02 3,524.46 3,555.93 3,560.49 -4.56 -0.13 PLC and Dell Inc. is spending $960 million for network
BSE Dollex Indices storage company Compellent Technologies Inc.
DOLLEX-30 3,570.01 3,586.54 3,510.24 3,583.10 3,553.36 29.74 0.84 The S&P 500 index eked out a new 2010 high for the
DOLLEX-100 2,353.58 2,366.99 2,320.33 2,365.22 2,344.02 21.20 0.90 fourth time in four days. The index rose 0.06 point to
1,240.46.
DOLLEX-200 898.51 904.83 887.49 904.20 895.31 8.89 0.99
Other indexes took a late afternoon spill. The Dow Jones
Index Previous Open High Low Last % Change industrial average closed with a gain of 18.24, or 0.16
S&P CNX NIFTY 5857.35 5882.65 5913.8 5795.9 5907.65 0.86 percent, to 11,428.56, having been up as many as 70
CNX NIFTY JUNIOR 11763.1 11816.35 11980.65 11796.05 11968.15 1.74 points earlier. The Dow is now just 15.52 points from its
2010 closing high, reached Nov. 5.
CNX IT 6869.1 6872.1 6896.5 6744.3 6886.1 0.25
The Nasdaq composite index fell 12.63, or 0.5 percent, to
BANK NIFTY 11447 11527.35 11565.35 11270.1 11518.1 0.62 close at 2,624.91. That snapped a six-day streak in which
INDIA VIX 21.63 21.63 23.72 20.14 22.57 4.34 the index notched new 2010 highs.
CNX 100 5768.6 5789.55 5831.25 5721.35 5826.15 1
S&P CNX DEFTY 4500.55 4515.05 4541.75 4443.5 4536.9 0.81 The tax plan has crushed the prices of Treasury bonds
S&P CNX 500 4713.3 4727.15 4768.65 4688.35 4765.6 1.11 since it was announced last week. The yield of 10-year
CNX MIDCAP 8511.55 8523.85 8639.9 8518.5 8634.75 1.45 Treasurys rose to 3.36 percent early Monday before fal-
ling to 3.28. Treasurys reversed course after the Federal
NIFTY MIDCAP 50 2783 2796.35 2842.05 2791.35 2837.95 1.97
Reserve bought $7.8 billion in government bonds com-
CNX INFRA 3331.45 3346.65 3383.35 3310.05 3378.8 1.42 ing due between 2016 and 2017. Treasury yields have
CNX REALTY 365.15 366.35 375.2 362.35 374.05 2.44 been mainly rising over the past month.
Commodity Fut Commodity Spot
MCXCOMDEX 2779.78 -0.77% MCXCOMDEX 2781.6 -0.84% Producer price index, retail sales & fomc meeting
MCXMETAL 4085.12 -0.04% MCXSMETAL 4098.11 -0.76% minutes are major economic data in US markets to-
MCXENERGY 2862.89 -0.14% MCXSENERGY 2870.59 0.00% day.
MCXAGRI 2675.4 -1.80% MCXSAGRI 2648.74 -0.80%

Equities Derivatives Commodities Distribution of Mutual Funds Distribution of Life Insurance


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CD Equisearch Pvt Ltd
Daily Technical Research Report TUESDAY, DECEMBER 14, 2010

Country Indices Date Price Prev.Price High Low Net Change % Change
Brazil Bovespa 13-Dec-10 69126.32 68342 69221.06 68341.83 784.32 1.15
Argentina MerVal 13-Dec-10 3418.87 3390.87 3425.71 3385.43 28 0.83
Argentina MerVal 13-Dec-10 3418.87 3390.87 3425.71 3385.43 28 0.83
Mexican IPC 13-Dec-10 37894.34 37677.78 38006.44 37677.78 216.56 0.57
US NYSE 13-Dec-10 7850.02 7823.3 7887.1 7823.32 26.72 0.34
US Dow Jones 13-Dec-10 11428.56 11410.32 11513.7 11369 18.24 0.16
US S&P 500 13-Dec-10 1240.46 1240.4 1246.73 1240.34 0.06 0

Country Indices Reporting Date Price Prev.Price High Low Net Change % Change
India Sensex 13-Dec-10 19691.78 19508.89 19710.57 19321.41 182.89 0.94
Taiwan Taiwan Weighted 14-Dec-10 8783.68 8736.59 8789.25 8765.4 47.09 0.54
South Korea Seoul 14-Dec-10 2003.24 1996.59 2004.71 1996.82 6.65 0.33
Australia All Ordinaries 14-Dec-10 4854.1 4841.2 4855.6 4841.2 12.9 0.27
Hong Kong Hang Seng 14-Dec-10 23337.63 23317.61 23451.4 23333.91 20.02 0.09
Japan Nikkei 225 14-Dec-10 10296.32 10293.89 10319.24 10267.22 2.43 0.02
Malaysia KLSE 14-Dec-10 1509.03 1509.79 1512.82 1508.45 -0.76 -0.05
China Shanghai 14-Dec-10 2916.86 2922.95 2931.03 2914.97 -6.09 -0.21
Indonesia Jakarta 13-Dec-10 3692.23 3747.71 3751.93 3681.32 -55.48 -1.48

Country Indices Reporting Date Price Prev.Price High Low Net Change % Change
France CAC 40 13-Dec-10 3892.44 3857.35 3904.43 3868.78 35.09 0.91
UK FTSE 100 13-Dec-10 5860.75 5813 5873.71 5812.94 47.75 0.82
Belgium BEL-20 13-Dec-10 2636.87 2628 2646.41 2632.02 8.87 0.34
Germany DAX 13-Dec-10 7029.39 7006.17 7044.87 7017.6 23.22 0.33
Netherlands AEX General 13-Dec-10 351.3 350.21 352.8 350.99 1.09 0.31
Austria ATX 13-Dec-10 2837.87 2829.99 2844.6 2816.35 7.88 0.28
Spain Madrid General 13-Dec-10 1033.19 1030.75 1039.66 1028.24 2.44 0.24
Switzerland Swiss Market 13-Dec-10 6519.08 6519.1 6550.87 6519.06 -0.02 0

Provisional FII (Cr) DII (Cr) RBI Reference rate


Trade Date Buy Sales Net Buy Sales Net As on 31 Aug 2010 12:00:00 Hrs. IST Rate
09/12/2010 3726.39 5022.69 1296.30 2235.40 1407.48 827.92 Underlying Rate
08/12/2010 2383.76 3868.66 1484.90 1662.22 1253.17 409.05 USDINR 45.25
07/12/2010 2914.37 3437.20 522.83 1240.84 1668.06 427.22 EURINR 59.69
Dec , 10 22584.65 24608.83 2024.18 9631.80 10250.50 618.70 GBPINR 71.4181
Since 1/1/10 * 669911.47 609808.82 60102.65 308584.19 328661.79 20077.60 JPYINR 53.79

Equities Derivatives Commodities Distribution of Mutual Funds Distribution of Life Insurance


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CD Equisearch Pvt Ltd
Daily Technical Research Report TUESDAY, DECEMBER 14, 2010

Bonus Announcement CORPORATE NEWS


Company Bonus Ratio Announcement Record Ex-Bonus
0 0 Announcement Record Ex-Bonus
Private equity players get cautious with realty
Elgi Equipments 0.042361111 28/10/2010 - 14/12/2010
firms
Apis India 127:100 21/09/2010 17/12/2010 10/12/2010
As scams and controversies loom over the real estate
Shiva Cement 0.048611111 30/10/2010 11/12/2010 09/12/2010
sector, private equity (PE) investors are consolidating
Hi-Tech Gears 0.042361111 27/10/2010 02/12/2010 01/12/2010
investments and opting for tranche-based investments.
Sri Ganapathy 0.042361111 18/11/2010 27/11/2010 25/11/2010
Signet Ind 0.209027778 14/10/2010 19/11/2010 18/11/2010
Zee Entertain 0.042361111 23/09/2010 12/11/2010 11/11/2010 Oman, India warm up on tech, farming
Savera Ind 0.042361111 31/08/2010 26/10/2010 25/10/2010 India and Oman have entered into an agreement under
Jindal PolyFilm 0.042361111 03/09/2010 25/10/2010 22/10/2010 which the two sides will prepare a report on nine areas
Birla Power Sol 0.045138889 30/08/2010 21/10/2010 20/10/2010 of cooperation for direct investment and technology
Compucom Soft 0.043055556 31/07/2010 20/10/2010 19/10/2010 transfer. The two sides are also eyeing contract farming
Indsil Hydro 0.085416667 23/08/2010 18/10/2010 15/10/2010 as the next area of cooperation.
Havells India 0.042361111 27/08/2010 11/10/2010 08/10/2010
Gold Rock Inves 0.084027778 06/09/2010 13/10/2010 05/10/2010
Birla Cotsyn 0.045138889 10/08/2010 01/10/2010 29/09/2010 Aventis to exit JV with Novartis
Drug-maker Aventis Pharma on Monday said it will sell
FII Activity Equity Debt
its 49% stake in Chiron Behring Vaccines Pvt Ltd to its
Month Purchase Sales Net Purchase. Sales. Net.
joint venture partner, Novartis Vaccines & Diagnostics
Jan-00 Gross PurchaseGross Sales
Net Purchase/Sales
Gross PurchaseGross Sales
Net Purchase/Sales
Inc, for $22.4 million (nearly Rs 100 cr).
Nov-10 89,082.60 70,562.70 18,519.90 15,400.80 11,424.90 3,975.90
Oct-10 85,490.20 60,719.40 24,770.80 15,296.80 19,817.90 -4,521.10
Sep-10 81,024.80 51,829.00 29,195.80 19,440.60 11,815.30 7,625.30 Having lost race, is Emami going for Amrutanjan?
Aug-10 61,973.40 50,788.10 11,185.30 13,004.60 11,016.20 1,988.40 Shares of personal care products maker Emami and
Jul-10 59,332.40 42,211.80 17,120.60 19,838.40 11,701.10 8,137.30
Amrutanjan Healthcare zoomed on Monday amid re-
Jun-10 54,930.60 44,686.00 10,244.60 16,570.60 16,475.20 95.40
ports that the former is looking at a takeover of the
May-10 50,614.80 59,244.70 -8,629.90 24,346.50 18,630.50 5,716.00
balm-maker.
Apr-10 61,602.90 51,838.40 9,764.50 19,879.80 14,653.70 5,226.10

Top Five Loosers ( Nifty Scrips)


Symbol Open High Low LTP Prev % Change Total Turnover
AMBUJACEM 143.55 143.9 136.1 137.5 142 -3.17 1990758 2758.2
ACC 1078.4 1081.8 1041 1050.25 1075.2 -2.32 706981 7429.88
M&M 790 790 759.3 765 780.75 -2.02 2723955 20942.31
ITC 170.75 171 165.5 167.3 170.3 -1.76 5996732 10024.74
RANBAXY 555 558 538.2 545 553.7 -1.57 922453 5032.44
Top Five Gainers ( Nifty Scrips)
Symbol Open High Low LTP Prev % Change Total Turnover
RELINFRA 792.15 815.4 781.9 810.5 780.15 3.89 1199486 9584.01
HDFC 674.05 695 669.05 694 668.6 3.8 2801933 19049.22
DLF 285 292.65 278.1 292 282.05 3.53 6082634 17318.48
SAIL 176.55 182.25 175.05 182 176.5 3.12 2609291 4683.94
TATAMOTORS 1256 1293.8 1253.2 1286 1247.6 3.08 3283615 41844.09

Equities Derivatives Commodities Distribution of Mutual Funds Distribution of Life Insurance


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CD Equisearch Pvt Ltd
Daily Technical Research Report TUESDAY, DECEMBER 14, 2010
Corporate Action MARKET CUES
Scrip Code Scrip Name Ex-Date Purpose Rs.
500830 Colgate Palmolive 14-Dec-10 2nd Interim Dividend 5 Long Build up: ks oils, hexaware, jsw steel,
522074 Elgi Equipments 14-Dec-10 BONUS 1:1 - gvkpil, petronet, apil, ifci, renuka, hdil, sre-
507180 Kesar Enter 14-Dec-10 Dividend 1 inf
532932 Manaksia 15-Dec-10 Dividend 2.4
532539 Minda Inds 15-Dec-10 Dividend 3
#REF! #REF! #REF! #REF! #REF!
#REF! #REF! #REF! #REF! #REF!
#REF! #REF! #REF! #REF! #REF! Short build up:wipro, Infosys, axis bank, tcs,
#REF! #REF! #REF! #REF! #REF! hero Honda, suntv, bpcl, Ranbaxy, acc
#REF! #REF! #REF! #REF! #REF!
#REF! #REF! #REF! #REF! #REF!
#REF! #REF! #REF! #REF! #REF!
#REF! #REF! #REF! #REF! #REF!
#REF! #REF! #REF! #REF! #REF! Buy hexaware at 108, sl 104, tgt 113,116

Buy tata steel at 631, sl 620, tgt 644

Most Active By Turnover


Symbol Quantity Turnover (lacs) LTP Prev Close % Change
SBIN 4207333 115100.43 2748 2732.45 0.57
TATAMOTORS 3283615 41844.09 1286 1247.6 3.08
ICICIBANK 3636563 40269.12 1118 1117.1 0.08
RELIANCE 3848074 39543.96 1041.9 1023.9 1.76
TATASTEEL 5208415 32642.18 631.65 619 2.04
INFOSYSTCH 856135 26724.34 3151.95 3144.25 0.24
LT 1234450 24010.05 1968 1943.75 1.25
Bulk Deals
Deal Date Scrip Code Company B/Y Quantity Price **
13/12/2010 530513 Accurate Trans S 43005 93.73
13/12/2010 517356 ACI Infocom S 41325 25.19
13/12/2010 513513 Aditya Ispat B 30700 8.37
13/12/2010 513513 Aditya Ispat S 27693 8.37
13/12/2010 532975 Aishwarya Tele S 132992 10.65
13/12/2010 532664 Amar Remedies S 180000 89.62
13/12/2010 517565 Ashco Niulab B 361879 5.38
13/12/2010 517565 Ashco Niulab S 331766 5.38
13/12/2010 590076 Camson Bio S 360000 135.22
13/12/2010 526705 Elegant Marb S 201991 42.05
13/12/2010 531502 Esaar India B 39300 46
13/12/2010 531502 Esaar India S 31800 46

Equities Derivatives Commodities Distribution of Mutual Funds Distribution of Life Insurance


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CD Equisearch Pvt Ltd
Daily Technical Research Report TUESDAY, DECEMBER 14, 2010

OPEN POSITIONAL CALLS-CASH

Date Stock Reco. Reco Price Tgt 1 Tgt 2 SL Date C.M.P. Comments

OPEN POSITIONAL CALLS-DERIVATIVES

Date Stock ACTION STRIKE PRICE RISK BEP CMP Comments

Equities Derivatives Commodities Distribution of Mutual Funds Distribution of Life Insurance


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CD Equisearch Pvt Ltd
Daily Technical Research Report TUESDAY, DECEMBER 14, 2010

NAME DATE CLOSE R2 R1 PIVOTS S1 S2


ACC 13/12/2010 1050.8 1098.67 1074.73 1057.87 1033.93 1017.07
AMBUJACEM 13/12/2010 138.15 147.18 142.67 139.38 134.87 131.58
AXISBANK 13/12/2010 1320.65 1384.82 1352.73 1322.92 1290.83 1261.02
BAJAJ-AUTO 13/12/2010 1496.85 1524.92 1510.88 1488.97 1474.93 1453.02
BHARTIARTL 13/12/2010 332.05 341.08 336.57 329.28 324.77 317.48
BHEL 13/12/2010 2340.3 2387.53 2363.92 2319.48 2295.87 2251.43
BPCL 13/12/2010 678.8 705.07 691.93 676.47 663.33 647.87
CAIRN 13/12/2010 330.6 338.57 334.58 329.37 325.38 320.17
CIPLA 13/12/2010 355.4 366.8 361.1 354.3 348.6 341.8
DLF 13/12/2010 291.25 301.88 296.57 287.33 282.02 272.78
DRREDDY 13/12/2010 1822.1 1874.7 1848.4 1800.7 1774.4 1726.7
GAIL 13/12/2010 500.95 511.58 506.27 497.68 492.37 483.78
HCLTECH 13/12/2010 437.65 448.02 442.83 435.47 430.28 422.92
HDFC 13/12/2010 693.75 711.88 702.82 685.93 676.87 659.98
HDFCBANK 13/12/2010 2239 2285.4 2262.2 2221.8 2198.6 2158.2
HEROHONDA 13/12/2010 1773.95 1826.52 1800.23 1772.72 1746.43 1718.92
HINDALCO 13/12/2010 221.6 229.93 225.77 218.73 214.57 207.53
HINDUNILVR 13/12/2010 301 306.33 303.67 299.33 296.67 292.33
ICICIBANK 13/12/2010 1120.4 1151.43 1135.92 1111.03 1095.52 1070.63
IDFC 13/12/2010 175.8 180.17 177.98 174.12 171.93 168.07
INFOSYSTCH 13/12/2010 3145.3 3206.97 3176.13 3125.57 3094.73 3044.17
ITC 13/12/2010 167.15 173.38 170.27 167.88 164.77 162.38
JINDALSTEL 13/12/2010 697.1 717.57 707.33 693.02 682.78 668.47
JPASSOCIAT 13/12/2010 106.15 109.65 107.9 105.55 103.8 101.45
KOTAKBANK 13/12/2010 469.2 486.77 477.98 466.27 457.48 445.77
LT 13/12/2010 1962.35 2008.42 1985.38 1951.97 1928.93 1895.52
M&M 13/12/2010 768.4 803.27 785.83 772.57 755.13 741.87
MARUTI 13/12/2010 1421.85 1451.35 1436.6 1419.3 1404.55 1387.25
NTPC 13/12/2010 196.45 202.02 199.23 195.22 192.43 188.42
ONGC 13/12/2010 1328.1 1342.77 1335.43 1326.82 1319.48 1310.87
PNB 13/12/2010 1227.35 1264.12 1245.73 1217.87 1199.48 1171.62
POWERGRID 13/12/2010 97.9 99.67 98.78 97.37 96.48 95.07
RANBAXY 13/12/2010 545.7 567.1 556.4 547.3 536.6 527.5
RCOM 13/12/2010 128.55 132.02 130.28 127.67 125.93 123.32
RELCAPITAL 13/12/2010 662.35 684.58 673.47 658.28 647.17 631.98
RELIANCE 13/12/2010 1041.75 1068.58 1055.17 1032.58 1019.17 996.58
RELINFRA 13/12/2010 811.05 836.28 823.67 802.78 790.17 769.28
RPOWER 13/12/2010 153.1 156.47 154.78 152.22 150.53 147.97
SAIL 13/12/2010 180.65 186.52 183.58 179.32 176.38 172.12
SBIN 13/12/2010 2744.85 2824.95 2784.9 2739.95 2699.9 2654.95
SESAGOA 13/12/2010 301.05 307.88 304.47 299.98 296.57 292.08
SIEMENS 13/12/2010 787.9 812.9 800.4 777.3 764.8 741.7
STER 13/12/2010 165 168.2 166.6 164.1 162.5 160
SUNPHARMA 13/12/2010 451.5 462.03 456.77 449.73 444.47 437.43
SUZLON 13/12/2010 49.6 51.73 50.67 48.88 47.82 46.03
TATAMOTORS 13/12/2010 1277.2 1315.33 1296.27 1274.73 1255.67 1234.13
TATAPOWER 13/12/2010 1308.2 1358.07 1333.13 1297.07 1272.13 1236.07
TATASTEEL 13/12/2010 631 644.47 637.73 627.27 620.53 610.07
TCS 13/12/2010 1076.1 1100.7 1088.4 1068.4 1056.1 1036.1
WIPRO 13/12/2010 448.15 461.32 454.73 446.42 439.83 431.52

Equities Derivatives Commodities Distribution of Mutual Funds Distribution of Life Insurance


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CD Equisearch Pvt Ltd
Daily Technical Research Report TUESDAY, DECEMBER 14, 2010

CD EQUISEARCH RESEARCH DESK

Kaval Veer Singh Hora Vice President & Head Technical 022-30696860 Kaval.singh@cdequi.com
Research
Bhavesh Mehta Technical Analyst 022-30696832 Bhavesh.mehta@cdequi.com
Hemang Gor Derivative Analyst 022-30696861 Hemang.gor@cdequi.com

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