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Stock Market Outlook by Mansukh Investment 18 Aug, 2010
Stock Market Outlook by Mansukh Investment 18 Aug, 2010
European shares edged higher on Tuesday, 17 August 2010, with miners among the
FII OPEN INTEREST (Crs) Chg gainers as metals prices rose, with the dollar weaker. The key benchmark indices in France,
FII Index Futures 17571 -1.15% Germany and UK were up by 0.88% to 1.15%. Asian stocks were mixed on Tuesday, 17
FII Index Options 62366 1.33% August 2010, amid growing worries about the cooling global economy. The key benchmark
FII Stock Futures 37544 1.61% indices in Singapore and Taiwan were down by 0.13% to 0.35%. But, South Korea's Seoul
Composite index rose 0.67% and China's Shanghai Composite rose 0.38%. Hong Kong's
FII Stock Options 1927 1.53%
Hang Seng rose 0.12%.
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: Quite a range bound scenario we have gone through yesterday. Opened on a relatively flat note
domestic indices shown some lethargic performance in the last session though global cues still supporting some positive bias
in short term. At current juncture domestic indices found some strong ress near to 5500 zone. Any successful closing for at least
two consecutive days will break this shackle and we might see some more upside near to 5600 though we still intact on our
previous view of 5340-5350 as a major support zone on closing basis. Hence traders and investors are advise to maintain
cautiously optimistic approach and use ‘Buy on Dip ‘ strategy for the upcoming sessions. 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