Morning Notes 26 July 2010

MARKET INSIGHTS: On Friday July 23, 2010, Key benchmark indices ended just a tad
DATA MATRIX OF LAST SESSION
higher, as an initial rally which took the market to 29-month high triggered profit taking.
INDEX Close The market breadth weakened, reversing from a strong breadth witnessed earlier in the
Sensex 18130 day. European and Asian stocks and US index futures edged higher ahead of the release of
Nifty 5449 the results of the stress test conducted on European banks. The BSE 30-share Sensex rose
Midcap 7433 17.83 points or 0.10%, off 106.58 points from the day's high and up 37.05 points from the
Smallcap 9439 day's low. Realty stocks slipped on rate hike worries. Metal stocks declined in volatile
trade. But, sugar stocks gained on reports the government will soon decontrol sugar prices.
VALUE TRADED (Rs Crs) Auto, software and banking stocks saw mixed trend. The market surged at the onset of the
trading session on firm Asian stocks. The two key benchmark indices - the 30-share BSE
BSE 4909
Sensex and the 50-unit S&P CNX Nifty, both, struck their highest level in more than 29
NSE 14604 months at the onset of the trading session.
F&O Total 104681
The BSE 30-share Sensex was up 17.83 points or 0.10% to 18,130.98, its highest level since
NET INFLOWS (Rs Crs) 6 February 2008. The Sensex rose 124.41 points at the day's high of 18,237.56 at the onset of
the trading session. The index lost 19.22 points at the day's low of 18,093.93 in early
FIIs 711.0
afternoon trade. The S&P CNX Nifty was up 7.15 points or 0.13% to 5,449.10, its highest
DIIs -101.0 level since 5 February 2008. Nifty had struck an intra-day high of 5,477.50 in early trade.

FII OPEN INTEREST (Crs) European shares were trading mixed on Friday as the data showed the Ifo Institute's
FII Index Futures 17674 German business-climate index rose to 106.2 in July 2010 from 101.8 in the previous month.
The key benchmark indices in France and Germany were up 0.39% and 0.50% respectively.
FII Index Options 59594
However, UK's FTSE 100 index fell 0.24%. Asian markets rose on Friday, 23 July 2010, as
FII Stock Futures 35272
commodity prices climbed and on upbeat guidance from select US bluechip companies.
FII Stock Options 1622 The key benchmark indices in Hong Kong, Indonesia, South Korea, Japan, Taiwan, and
Singapore were up by between 0.38% and 2.28%. But China's Shanghai Composite declined
WORLD INDICES 0.05%.
Dow Jones 10424
NEWS ROOM: Investors poured money into equity funds focused on India and China in
Nasdaq 2269
the week ended 21 July 2010 as concern about economic growth spurred withdrawals from
FTSE 100 5312
developed-market stocks, global fund tracker EPFR Global said. India funds received a net
$187 million, the most in 51 weeks, while China money managers took in $138 million,
COMMODITY EPFR said. Foreign funds have bought Indian equities worth a net Rs 6053.03 crore this
Crude Oil (US$/bl) 77.0 month so far, till 22 July 2010, as per data from the stock exchanges. Foreign funds had
Gold (US$/oz) 1189 pumped in Rs 7713.97 crore in equities in June 2010.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
IDEA 66 69.15 64.6 68.9 65.5 5.19 18407663
BHARTIARTL 304.45 316.5 302 312.75 302.1 3.53 10301222
AXISBANK 1365 1395 1365 1391.95 1356.8 2.59 2438091
BHEL 2425 2465.5 2420 2454 2417.25 1.52 992327
CAIRN 326.9 333.25 325.5 327.4 323.4 1.24 4757393

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
RELCAPITAL 822 823.5 790.5 792.3 815.4 -2.83 1955682
UNITECH 85.75 87.8 83.85 84.1 85.85 -2.04 23665779
GAIL 474.45 476.8 461.5 465 474.45 -1.99 1125078
RANBAXY 459 460 446.15 448.25 456.75 -1.86 856529
JPASSOCIAT 132 132.5 128.3 128.5 130.85 -1.8 6717462

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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 17635 17810 18130 18330 18470 Rangebound
NIFTY 5360 5405 5449 5495 5535 Rangebound

TECHNICAL VIEW: Once again volatility rule the roost as spot index shown some consolidation during the last session.
Opened on a relatively higher note spot index manages to sustain in green at the end though we feel profit booking near to 5500
should be on the cards. Therefore traders are advised to book profits near 5500-5530 and wait for a decent correction to re-enter.
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 10059 10130 10240 Rangebound

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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

AMARAJA BAT 199.25 197-199 193 205 208 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

BOMBAY DYING 536.65 530-535 520 545 555 Rangebound

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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

M&M FIN 524.75 520-525 510 535 545 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

MIRC ELECTRO 27.05 27-28 29 25 24 Rangebound
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Morning Notes

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