Morning Notes 22.03.

2010

DATA MATRIX of 19.03.2010 MARKET INSIGHTS: On Friday, 19 March 2010,The key benchmarks attained two
INDEX Close Chg Chg% month closing highs after moving in a tight range throughout the day. Index heavyweight
Reliance Industries (RIL) surged in late rally. IT and realty stocks fell. But, PSU banks, auto
Sensex 17578 59 0.34%
Nifty 5263 17 0.32%
and consumer durables stocks rose. Some side counters surged. The BSE 30-share Sensex
Midcap 6764 5 0.07% rose 58.97 points or 0.34%, up close to 80 points from the day's low and off close to 20 points
Smallcap 8495 32 0.38% from the day's high. The market was volatile. The market edged higher in early trade. It soon
trimmed gains. The market surged again in morning trade, with the 50-unit S&P CNX Nifty
hitting its highest level in two months. The market once gain trimmed gains. The market
VALUE TRADED (Rs Crs) Chg%
regained strength after hitting a fresh intraday low in morning trade. The market erased
BSE 4887 -9.90%
almost the entire intraday gains in mid-morning trade. It recovered later. The market
NSE 13371 -3.67%
slipped into the red in afternoon trade. Stocks regained positive zone after hitting fresh
F&O Total 75841 3.19%
intraday lows in afternoon trade. The market pared gains after hitting a two-month high in
late trade.
NET INFLOWS (Rs Crs) Chg%
FIIs 284 -41.44% Banks led European shares higher on Friday as Lloyds Banking Group surged after the
lender said it would return to profitability in 2010. The key benchmark indices in France,
DIIs 113 -313.21%
Germnay and UK rose by 0.28% to 0.72%. Asian stocks rose after an early flip flop on Friday,
led by Japanese car and electronics makers, after reports on fewer US jobless claims and
FII OPEN INTEREST (Crs) Chg% higher manufacturing boosted confidence in the recovery of the world's biggest economy.
FII Index Futures 12485 8.49% The key benchmark indices in Japan, Indonesia, Hong Kong, South Korea, Singapore China
FII Index Options 44246 3.74% and Taiwan rose by 0.15% to 0.71%. .
FII Stock Futures 28712 2.00%
NEWS ROOM: Global rating agency Standard & Poor's on Thursday revised India's rating
FII Stock Options 910 0.66%
outlook to stable from negative. S&P affirmed long-term and short-term sovereign credit
ratings on India. The revision in outlook by S&P reflects its view that India's fiscal position
World Indices Chg %
could now begin to recover and that its economy will remain on a strong growth path. The
Dow Jones 10,742 -0.34%
government budget targets a general government (including central and state governments)
Nasdaq 2,374 -0.71%
deficit of 8.3% in the fiscal year ending 31 March 2011, from 9.8% in the previous fiscal year,
FTSE 100 5,650 0.12%
S&P said. S&P also estimated that India's gross domestic product will grow 8% in the year
Commodity Chg % ending March 31, 2011, higher than its forecast earlier, adding India's external position was
Crude Oil (US$/bl) 80.0 -1.23% resilient. Even so, India's ratings continue to be constrained by the government's high debt
Gold (US$/oz) 1107 -1.42% burden and deficit, as well as India's weak fiscal profile, the rating agency said.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
BHARTIARTL 300 312.85 300 312 300.1 3.97 7665763
PNB 948.5 968 941.3 965 939.1 2.76 297972
IDEA 67.5 69.1 67.2 68.9 67.35 2.3 7965245
POWERGRID 106 109.25 105.6 108.35 106.1 2.12 1892003
RCOM 165 168.45 164.9 167.4 164.45 1.79 3497611

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
HDFC 2740 2745 2678.1 2690 2737.95 -1.75 1128380
M&M 1075.1 1099 1068.4 1070 1088.05 -1.66 1108049
DLF 318 318.9 311.3 311.7 316.85 -1.63 5147460
GAIL 417.15 423.5 412.3 413 418.45 -1.3 750790
JINDALSTEL 699.3 704.9 690.15 691 699.3 -1.19 1598284

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Morning Notes

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

Market Levels For 22 March 2010

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 17030 17200 17578 17660 17750 Rangebound
NIFTY 5170 5225 5263 5295 5330 Rangebound

TECHNICAL VIEW: once again a positive consolidation we have witnessed yesterday. The benchmark index continued to
remain volatile in the late afternoon session tracking weak cues from European market which opened on a negative note as Greece said it
might seek international assistance to resolve its debt crisis. Remember we have said that any break out above 5180 may lead spot index
to 5260-5270 where possibility of profit booking shouldn't be rule out. Exactly to our expectation markets reached 5260 in a short span of
time and found stiff resistance to cross it.
For today’s session we expect slightly moderate scenario with range bound trading between 5170-5270. We believe markets should
continue its positive momentum till 5030 wouldn't be breach down with substantial volumes. Hence traders are advised to book partial
profits in their long positions at current levels and use ‘Buy on dip’ strategy on any correction though we may witness a short term
consolidation near 5100 level. Happy trading...

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

BANK NIFTY 9030 9150 9280 9370 9450 Rangebound

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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
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 TECHNICAL RECOMMENDATIONS FOR 22 MAR’10

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

RAMA NEWS PRI 21.9 21.75 21.5 22.25 22.5 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

THINK SOFT 219.75 215 210 225 230 Rangebound
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Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com
 TECHNICAL RECOMMENDATIONS FOR 22 MAR’10

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

AML STEEL 47.75 47 46 49 50

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

AICHAMP 25.5 26 26.5 25 24 Rangebound
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Morning Notes

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