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Stock Market Outlook by Mansukh Investment & Trading Solutions 29/07/2010
Stock Market Outlook by Mansukh Investment & Trading Solutions 29/07/2010
MARKET INSIGHTS: On Wednesday July 28, 2010,The key benchmark indices hit fresh
DATA MATRIX OF LAST SESSION
intraday lows in late trade as European stocks turned negative. Index heavyweight Reliance
INDEX Close Pts. Chg Chg Industries (RIL) fell after Q1 result as gas production is likely to stagnate at 60 million
Sensex 17957 -121 -0.67% standard cubic metres of gas a day for the next 9-12 months. Two other index heavyweights -
Nifty 5397 -34 -0.63% - ICICI Bank and Larsen & Toubro, too, edged lower. The Sensex fell below the psychological
Midcap 7366 -16 -0.22% 18,000 mark. The market breadth, indicating the health of the market was weak in contrast to
a strong breadth earlier in the day. Sun Pharmaceutical Industries gained after robust Q1
Smallcap 9345 -15 -0.16%
results. Realty, FMCG, banking and capital goods stocks fell. FMCG giant Hindustan
Unilever (HUL) dropped after weak Q1 results which it reported during trading hours on
VALUE TRADED (Rs Crs) Chg Tuesday, 27 July 2010. The market was a tad higher in early afternoon trade after moving
BSE -100.00% between positive and negative terrain earlier. The market drifted lower in afternoon trade as
NSE 15012 12.31% index heavyweights RIL and ICICI Bank fell. The market extended losses in mid-afternoon
F&O Total 124978 8.78% trade. The market hit a fresh intraday low in late trade as European stocks turned negative
from positive.
NET INFLOWS (Rs Crs) Chg As per provisional figures, the BSE 30-share Sensex was down 124.78 points or 0.69% to
FIIs 593.0 -2795% 17952.83. The Sensex rose 59.53 points at the day's high of 18,137.14 in early trade. The index
DIIs -690.0 211% lost 152.21 points at the day's low of 17,925.40 in late trade. The S&P CNX Nifty was down
36.25 points or 0.67% to 5,394.35 as per provisional figures. The BSE Mid-Cap index was
FII OPEN INTEREST (Crs) Chg down 0.23%. The Small-Cap index fell 0.17%. Both these indices outperformed the Sensex.
On BSE, 1776 shares declined while 1133 shares rose. A total of 90 shares remained
FII Index Futures 18760 5.09%
unchanged.
FII Index Options 63797 2.28%
FII Stock Futures 35155 0.13% European shares pulled back from early gains on Wednesday, snapping a six-session
advance as auto stocks fell. The key benchmark indices in UK and Germany were down
FII Stock Options 1605 -0.56%
0.06% to 0.15%. But, France's CAC 40 rose 0.24%. Asian stocks rose on Wednesday, 28 July
2010, as sentiment turned upbeat on a batch of strong corporate earnings results. The key
World Indices Chg benchmark indices in China, Japan, Hong Kong, Indonesia Singapore, South Korea and
Dow Jones 10497 -0.39% Taiwan were up by 0.2% to 2.70%.
Nasdaq 2265 -1.01%
FTSE 100 5320 -0.86% NEWS ROOM: The RBI raised GDP forecast to 8.5% for the year ending March 2011 (FY
2011), from 8% with an upside bias earlier. The central bank said the upward revision in
Commodity Chg growth forecast is primarily based on better industrial production and its favourable impact
on the services sector and also giving due consideration to the global scenario. The RBI also
Crude Oil (US$/bl) 76.0 0.00%
signaled its strong preference for tight liquidity, saying it would ensure that excess liquidity
Gold (US$/oz) 1164 0.09% in the system doesn't dilute the effectiveness of policy-rate actions.
Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only
Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
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
Website: www.moneysukh.com
Morning Notes
TECHNICAL VIEW: Prior to the current series expiry, key benchmark indices again shown some lethargic performance
in the last session as spot index posted some negative outcome on Wednesday. For today’s session we believe 5470-80 should be
the key ress zone where traders are advised to book partial profits. On the flip side we still maintain our previous approach of
5360 as intra day support for any down swing. Any drift below this level may dampens the current Euphoria however 5300
could be the next comfort level where we might see some bounce back. HAPPY TRADING....
Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
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
Website: www.moneysukh.com
Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS
Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
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
Website: www.moneysukh.com
Morning Notes
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Note: Please refer our Derivative Report for recommendation on OPTION STRATEGIES.
Additional Information with respect to the securities referred in our derivative calls is uploaded on our website.
Please note that our technical calls are totally independent of our fundamental calls
Technical Trends calls are based on momentum, Investors/Traders are requested to observe following discipline to take maximum advantage of the
products
-Entry/exit will be on the basis of price or time priority
-Use strict stop loss at 15% from your average acquisition price
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This data sheet is for private circulation only and the said document does not constitute an offer to buy or sell any securities mentioned herein. While
utmost care has been taken in preparing the above, we claim no responsibility for its accuracy. We shall not be liable for any direct or indirect losses
arising from the use thereof and the investors are requested to use the information contained herein at their own risk.
Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only
Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
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
Website: www.moneysukh.com