Morning Notes 21.05.

2010

DATA MATRIX OF LAST SESSION MARKET INSIGHTS: On 20th May 2010, the key benchmark indices rebounded on
Thursday after heavy losses in the past two trading sessions as oil major ONGC jumped.
INDEX Close Chg Chg%
Shares of state-run natural gas producers ONGC and Oil India jumped after the government
Sensex 16520 111.68 0.68% on Wednesday more than doubled the price of natural gas produced from nomination
Nifty 4948 29 0.59% blocks. Index heavyweight Reliance Industries (RIL) edged higher in volatile trade. Telecom
Midcap 6776 -4 -0.06% stocks turned mixed after the 3G spectrum auctions ended on Wednesday, 19 May 2010. The
Smallcap 8541 -47 -0.55% market breadth was weak in contrast to a strong breadth in early trade. The BSE 30-share
Sensex ended at 16519.68 up 111.19 points or 0.68% and NSE 50-share Nifty closed at 4947.60
up 27.95 points or 0.57. Banking, FMCG and metal stocks rose. European stocks came off the
VALUE TRADED (Rs Crs) Chg% day's highs. US index futures moved between positive and negative zone.
BSE 4038 -13.99%
Asian stocks fell on Thursday as fiscal worries in euro zone continued to mar investors'
NSE 13346 -14.13% appetite for risk. Investors remain jittery after Germany's decision late on Tuesday, 18 May
F&O Total 102734 -24.78% 2010, to ban naked short-selling on sovereign debt and some financial stocks. The key
benchmark indices in China, Indonesia, Singapore Japan, Hong Kong, South Korea and
Taiwan fell by between 0.17% to 1.83%. Japan's economy grew less than forecast in the first
NET INFLOWS (Rs Crs) Chg%
quarter. Gross domestic product rose 4.9% in the three months to March 2010 at an
FIIs -657.0 -53% annualized rate, up from 4.2% in October to December 2009 period.
DIIs 721.0 1180%
European stocks were off the day's highs on Thursday amid persistent worries over fiscal
problems in southern Europe. The key benchmark indices in UK and France were up by
FII OPEN INTEREST (Crs) Chg% 0.03% to 0.28%. Germany's DAX fell 0.25%.
FII Index Futures 14464 2.93%
US stocks fell on Wednesday as Germany's unilateral action to ban specific trades on
FII Index Options 47909 0.23%
some stocks and bonds sparked a fresh wave of uncertainty and risk aversion among
FII Stock Futures 29196 -0.31%
anxious investors. Meanwhile, the latest data showed that US Consumer Price Index fell for
FII Stock Options 1495 8.42% the first time in a year last month and the closely watched core inflation rate eked out its
smallest annual gain since 1966, further supporting the Federal Reserve's vow to keep
World Indices Chg % interest rates low for some time.
Dow Jones 10068 -3.60% NEWS ROOM: India's exports rose an annual 36% to $16.9 billion in April 2010 as demand
Nasdaq 2204 -4.11% picked up for gems and textiles while imports rose an annual 43% to $27.3 billion buoyed by
industrial recovery, stronger domestic growth and rising oil prices. The RBI expects India's
FTSE 100 5073 -1.65%
economy to expand 8% in the year ending March 2011 (FY 2011) with an upward bias,
Commodity Chg % assuming a normal monsoon this year and sustenance of good performance of the industrial
Crude Oil (US$/bl) 71.0 -4.18% and services sectors on the back of rising domestic and external demand. The RBI at its
annual policy review on 20 April 2010 said it will continue to monitor macroeconomic
Gold (US$/oz) 1169 -2.32%
conditions, particularly the price situation closely and take further action as warranted.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
ONGC 1064.7 1142 1064.7 1117 1025.1 8.96 5202136
BPCL 555 563 544.95 559.5 544.3 2.79 1205681
SBIN 2222 2282 2221.1 2275 2214.15 2.75 1703996
CIPLA 314 321 310.1 320.15 312.35 2.5 1531012
STER 640 658 624.15 652.85 637.75 2.37 4279968

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
JPASSOCIAT 122 122.7 115 116.25 120.6 -3.61 15189002
IDFC 159 159.35 153.15 153.7 158 -2.72 4178738
DLF 280.55 282.65 269.1 271.85 279.2 -2.63 7690444
HCLTECH 378.7 378.7 356.8 364.35 371.85 -2.02 715222
UNITECH 72 72.85 69.55 70.4 71.35 -1.33 43003544

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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 16030 16210 16520 16790 17050 Rangebound
NIFTY 4825 4860 4948 4960 5015 Rangebound
TECHNICAL VIEW: For today’s session we expect quite a range bound scenario between 4910-5010 though volatility
will play a crucial role in late trade . We believe as long as spot index continue to trade below 200 DMA, current sentiments
won’t be vanished and possibility of 4800 would be on higher side. Yesterday we have witnessed some sort of relief after
previous day bloodbath though profit booking near 4970 swept intra day highs with good volume. Hence clients are advised to
remain edgy at this stage and watch 4890-4900 level to break down. Moreover in such case ‘Buy on dip’ strategy near 4800 will
be recommended though money deploy will be partial one. HAPPY TRADING

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

BANK NIFTY 8750 8980 9191 9350 9470 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

BOR 131.3 131.3 130 133 135 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

FAME INDIA 80.65 79.5 78 81 83 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

MAD FERT 14.35 14 13.5 15 15.5 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

UTTAM SUGER 49.7 51 53 49 47 Rangebound

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Morning Notes

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Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
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