Morning Notes 17.05.

2010

DATA MATRIX OF LAST SESSION MARKET INSIGHTS: On 14 May 2010, The key benchmark indices slumped to hit fresh
intraday lows in late trade, tracking weak European stocks and lower US index futures. The
INDEX Close Chg Chg%
market breadth was weak. The BSE 30-share Sensex was provisionally down 322.53 points or
Sensex 16995 -271 -1.57% 1.87%, off close to 390 points from the day's high and up close to 20 points from the day's low.
Nifty 5094 -85 -1.64% The Sensex fell below the psychological 17,000 mark in late trade. Interest rate sensitive
Midcap 6942 -77 -1.10% banking, auto and realty stocks fell on worries the central bank may hike rates to tame
Smallcap 8810 -124 -1.39% inflation. State Bank of India (SBI) slumped after poor Q4 result. Metal stocks also fell as
copper futures dropped in global commodities markets. Index heavyweight Reliance
Industries declined. IT stocks, too, fell.
VALUE TRADED (Rs Crs) Chg%
BSE 3970 2.16% The market was volatile. The market moved into positive zone soon after an initial slide
triggered by weak Asian stocks. The Sensex surged to a fresh intraday day high in morning
NSE 13072 1.95%
trade. The market pared gains later after hitting a fresh intraday high. Weak opening of
F&O Total 99457 29.11% European market dragged the key indices to fresh intraday lows in afternoon trade. The
market cut losses in mid-afternoon trade. The market slumped in late trade.
NET INFLOWS (Rs Crs) Chg%
As per provisional figures, the BSE 30-share Sensex was down 322.53 points or 1.87% to
FIIs -381.0 2347% 16943.34. The index rose 63.45 points at the day's high of 17,329.32 in mid-morning trade. The
DIIs 165.0 -26% Sensex fell 342.22 points at the day's low of 16,923.65 in late trade. The S&P CNX Nifty was
down 99.05 points or 1.91% to 5079.85 as per provisional figures. The BSE Mid-Cap index
was down 1.32%. The BSE Small-Cap index was down 1.6%. The market breadth, indicating
FII OPEN INTEREST (Crs) Chg%
the overall health of the market, was weak. On BSE, 2054 shares declined as compared to 818
FII Index Futures 13971 9.87% shares that advanced.
FII Index Options 48330 2.33%
FII Stock Futures 29324 -1.24% European shares fell on Friday as worries about debt in some euro zone economies
persisted. Key indices in UK, France and Germany fell by 1.49% to 2.56%. Some Asian stocks
FII Stock Options 1273 -3.47%
recovered from an initial fall triggered by overnight decline on Wall Street. The key
benchmark indices in Indonesia, South Korea and Taiwan rose by 0.02% to 0.38%. But, the
World Indices Chg % key benchmark indices in Singapore, China, Hong Kong, Japan fell by between 0.44% to
Dow Jones 10620 -1.51% 1.49%.
Nasdaq 2347 -1.98% NEWS ROOM: While the headline inflation declined to 9.59% in April 2010 from 9.9% rise
FTSE 100 5263 -3.14% in March 2010, the data for February 2010 was revised upwards to 10.06% from provisional
figure of 9.89%, the latest government data showed. The data showed that annual food
Commodity Chg % inflation rose to 16.87% in April 2010 from 16.65% in the prior month. Fuel inflation eased to
Crude Oil (US$/bl) 79.0 -2.71% 12.55% the same month from 12.7% in March 2010. Manufacturing inflation cooled to 6.7%
Gold (US$/oz) 1232 -0.36% from 7.13% in March 2010.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
IDEA 55.4 57.55 54.65 57.3 55.4 3.43 7523116
BHARTIARTL 255.5 267.75 254.55 265 258.4 2.55 13469639
BPCL 540.5 555 538.05 548.7 537.25 2.13 841700
HCLTECH 396.5 409 395 405.95 398.65 1.83 1106163
ITC 263 273 263 268.5 266.5 0.75 2968696

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
TATASTEEL 574 574 545.5 547 575.1 -4.89 8098780
SBIN 2315 2333.9 2211.6 2213.8 2317.75 -4.48 3300888
UNITECH 79 79.25 75.8 76.2 79.6 -4.27 19197078
RELCAPITAL 690.25 695.9 668 671.8 696.45 -3.54 910882
CAIRN 300 300 290 291.4 302 -3.51 2090549

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Morning Notes

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 16650 16800 16995 17280 17510 Rangebound
NIFTY 4995 5045 5094 5150 5195 Rangebound

TECHNICAL VIEW: For today’s session we expect quite a weak session with crucial support at around 5030-5040 though
possibility of bounce back from lower level shouldn’t be rule out at any stage. Moreover we believe that any break down below
this level may be treated as a cause of panic and we might see some more lows near to 4960-4950 level in a short span of time
where next level of support should arises. On the flip side any upside would be limited to 5150-5070 level where clients are
advised to book profits. Yesterday session shown some sign of concerns among traders as late sell once again shifted the entire
momentum into the hands of bears. If such sentiments will continue in upcoming sessions we might see some new lows of 2010
near to 4550-4600 in the upcoming months however it should be great opportunity to go long. HAPPY TRADING...

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

BANK NIFTY 9205 9405 9549 9755 9840 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

PIR LIFE 120.9 117 115 121 123 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

HI TECH GEAR 179.6 176 173 181 184 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

CENTURY EXT 7.75 7.5 7 8 8.5 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

ASIL 3.1 3.1 3.2 2.8 2.6 Rangebound

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Morning Notes

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