Morning Notes 23 July

MARKET INSIGHTS: On Thrusday July 22 2010, Frenzied buying during the latter part of
DATA MATRIX OF LAST SESSION
the trading session as European stocks and US index futures surged. The barometer index
INDEX Close Chg Chg BSE Sensex crossed the psychological 18,000 mark with auto, metal and banking stocks in
Sensex 18113 136 0.76% demand. Cigarette major ITC edged higher after reporting strong Q1 June 2010 results. The
Nifty 5442 43 0.80% Sensex provisionally rose 114.61 points or 0.64%, up 211.96 points from the day's low and
Midcap 7456 30 0.40% off 36.06 points from the day's high. US index futures jumped. European shares surged as
German and French purchasing manager' index readings for July 2010 beat forecasts.
Smallcap 9491 25 0.26%
Stocks drifted lower at the onset of the trading session on weak global cues. The market
came off the lower level later. The market moved into positive zone in mid-afternoon trade
VALUE TRADED (Rs Crs) Chg as European stocks and US index futures surged. The market extended gains in late trade to
BSE 4344 -5.57% strike fresh intraday highs. Volatility may rise over the next few days as traders rollover
NSE 13389 6.62% positions in the derivatives segment from July 2010 series to August 2010 series ahead of the
F&O Total 102902 11.97% expiry of the near-month July 2010 contracts next Thursday, 29 July 2010.

The BSE 30-share Sensex was up 114.61 points or 0.64% to 18,091.84, as per provisional
NET INFLOWS (Rs Crs) Chg closing. The Sensex rose 150.67 points at the day's high of 18,127.90 in late trade. The index
FIIs 174.0 -52% lost 97.35 points at the day's low of 17,879.88 in morning trade. The S&P CNX Nifty was up
DIIs -512.0 69% 37.90 points or 0.70% to 5,437.25 as per provisional closing. The market breadth, indicating
the health of the market was positive. On BSE, 1560 shares advanced while 1391 shares
FII OPEN INTEREST (Crs) Chg declined. A total of 94 shares remained unchanged.
FII Index Futures 18007 -1.36% European shares surged as German and French purchasing managers' index readings
FII Index Options 59585 2.01% for July 2010 beat forecasts. The key benchmark indices in UK, Germany and France were
FII Stock Futures 35129 2.77% up by between 0.78% to 1.62%. Most Asian stocks fell after the US Federal Reserve
Chairman Ben Bernanke said the US economic outlook remains unusually uncertain. The
FII Stock Options 1584 0.16%
key benchmark indices in South Korea, Indonesia, Japan and Taiwan were down by 0.12%
to 0.76%. But, Key benchmark indices in Hong Kong, Singapore and China rose 0.50% to
World Indices Chg 1.07%.
Dow Jones 10322 1.99%
NEWS ROOM: The key near term event to watch out for is the central bank's quarterly
Nasdaq 2246 2.70%
policy review on Tuesday, 27 July 2010. Analysts expect another 25 basis points rate hike
FTSE 100 5314 1.08% aimed at anchoring inflation expectations. The Reserve Bank of India (RBI) on 2 July 2010,
hiked the repo rate by 25 basis points to 5.5% from 5.25%, with immediate effect. It also
Commodity Chg hiked the reverse repo rate, at which it absorbs excess cash from the banking system, by an
Crude Oil (US$/bl) 77.0 1.73% equal 25 basis points to 4% from 3.75%. The central bank said the latest rate hike was a part
Gold (US$/oz) 1194 0.56% of the calibrated exit from the expansionary monetary policy.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
CAIRN 314.05 326.8 312 323.7 313.65 3.2 3254817
GAIL 459.1 477.4 456.1 473.25 459.35 3.03 2671499
M&M 618.5 634 611 633.1 616.75 2.65 1976122
BHARTIARTL 294.3 303 292 302.3 295 2.47 3520261
JPASSOCIAT 128 131.25 127.5 131.1 128.05 2.38 6732073

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
KOTAKBANK 790 790 762.75 767.85 784.95 -2.18 1582740
ACC 828.5 832 809.05 814 824.8 -1.31 713994
BPCL 645 653 637.6 639 646.1 -1.1 1756412
RELINFRA 1141 1141 1128 1131 1139.7 -0.76 1609109
MARUTI 1379.9 1380 1345.25 1353 1362.4 -0.69 514174

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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 17777 17940 18113 18238 18330 Rangebound
NIFTY 5360 5405 5442 5465 5495 Rangebound

TECHNICAL VIEW: Absolutely a U-TURN we have witnessed in the last session. Opened on a relatively lower note
domestic indices shown some range bound trading till afternoon session and then displayed some eye soothing turn around on
the back of strong European markets. For today’s session we believe quite a positive scenario with crucial resistence at around
5460-5465 level. Moreover from the last trading session 5500 seems to be the near by target where possibility of profit booking
can’t be rule out. Hence traders are advised to book partial profits around the same and wait for a decent correction to go long.
On the flip side we still maintain our previous approach of 5300 as intra day support for any down swing. Any drift below this
level may dampens the current Euphoria however 5225 could be the next comfort level where we might see some bounce back.
HAPPY TRADING....

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

BANK NIFTY 9630 9865 10063 10130 10240 Rangebound

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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

BOMBAY DY 537.7 533 525 541 547 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

NFL 121.7 119 117 122 125 Rangebound

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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SANWARIA 53 51.5 49 54 56 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

RANEHOL 232 234 237.5 230 228 Rangebound
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Morning Notes

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