Indian Stock Market Outlook by Mansukh Investment & Trading Solutions 26/8/2010

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Morning Notes 26 AUG,10

MARKET INSIGHTS: On Wednesday Aug 25 2010, The key benchmark indices edged lower,
DATA MATRIX OF LAST SESSION
extending Tuesday's slide, in what was a highly volatile trade session. Volatility surged as
INDEX Close Pts. Chg Chg traders rolled over positions in derivatives segment from the near-month August 2010
Sensex 18180 -132 -0.72% series to the September 2010 series ahead of the expiry of the August 2010 contracts
Nifty 5462 -42.65 -0.77% tomorrow, 26 August 2010. Concerns over the pace of the global economic recovery
Midcap 7715 -117.2 -1.50% continued to hurt sentiment. The BSE 30-share Sensex ended at 1879.64 down 131.95 points
or 0.72% and the 50-unit S&P CNX Nifty settled below the 5,500 level at 5462.35 losing 42.75
Smallcap 9760 -140.2 -1.42%
points or 0.78%. All the sectoral indices on BSE also declined. The market breadth was weak.
Metal stocks declined for second running day, as LMEX a gauge of six metals traded on the
VALUE TRADED (Rs Crs) Chg London Metal Exchange fell 1.56% on Tuesday, 24 August 2010. Telecom pivotals declined,
BSE 5751 15.51% reversing Tuesday's gains, on profit booking. Realty shares declined with the sentiment
NSE 14277 -2.30% taking a hit on worries about the global economic recovery. IT shares were mixed after a
F&O Total 139650 5.57% string of downbeat economic data from the US, the biggest market for Indian IT firms.
Shares of the Vedanta Group were mixed. Index heavyweight Reliance Industries (RIL)
ended slightly lower.
NET INFLOWS (Rs Crs) Chg
FIIs -365.0 -291% European stocks were trading with losses on Wednesday, 25 August 2010, as worries
about the pace of global economic recovery resurfaced. The key benchmark indices in
DIIs -266.0 -61% France, Germany and UK declined by between 0.32% to 0.57%.
Asian stock markets fell on Wednesday, 25 August 2010, as worries over the pace of the
FII OPEN INTEREST (Crs) Chg global economic recovery continued to hurt sentiment. The key benchmark indices in
FII Index Futures 19110 -4.10% Japan, South Korea, Taiwan, Hong Kong and China were down by between 0.11% to
FII Index Options 79637 3.39% 2.56%. But, the key benchmark indices in Indonesia and Singapore were up 0.77% and
0.13%. Japanese stocks fell in choppy trade after a government meeting concluded
FII Stock Futures 38696 -1.94%
without any concrete measures to reverse the recent rally in the yen's soaring value.
FII Stock Options 2051 -2.17% Japanese economy being majority exports driven is being impacted severely by stronger
yen which surged to a 15-year high against the dollar Tuesday.
World Indices Chg
NEWS ROOM: The Reserve Bank of India (RBI) said in its annual report for 2009-2010
Dow Jones 10060 0.20%
released on Tuesday, 24 August 2010, that the relative price variability has declined since
Nasdaq 2142 0.85% November 2009 despite inflation remaining high, which indicates that the inflation has
FTSE 100 5109 -0.91% become increasingly generalised, and hence, requiring appropriate monetary policy actions
to anchor inflation expectations. Persistent large fiscal deficit has several adverse
Commodity Chg macroeconomic risks, ranging from higher inflation to lower savings, crowding-out
Crude Oil (US$/bl) 74.0 1.68% pressures on private investment, decline in potential output, and worsening of external
Gold (US$/oz) 1241 0.67% imbalances, the RBI said in the report.

INDEX TOP MOVERS


SCRIPS Open High Low Close Prev Close % Change Volume
IDEA 68.05 71.25 67.55 70.85 67.8 4.5 7295794
STER 150 155.95 149 153.85 152.15 1.12 12747588
PNB 1150 1206.7 1150 1197 1187.85 0.77 219171
RPOWER 154 156 153 154.45 153.65 0.52 1581084
JINDALSTEL 697.9 708.7 686.1 700 697.8 0.32 1377242

INDEX TOP SHAKERS


SCRIPS Open High Low Close Prev Close % Change Volume
UNITECH 83.9 83.9 79.95 80.35 83.55 -3.83 24567183
DLF 321 321.6 310.25 310.65 322.1 -3.55 4828062
TATASTEEL 511 513 493 496 513.75 -3.45 9143833
CIPLA 317 319.9 305 307 316.7 -3.06 3021132
HINDALCO 168 168 162.1 163.5 168.5 -2.97 7169610

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

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS


Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 17150 18010 18180 18350 18550 Rangebound
NIFTY 5390 5430 5463 5495 5530 Rangebound

TECHNICAL VIEW: Once again nifty continue its bearish session we have witnessed yesterday. Opened on a negative
bias, domestic indices and nifty first time manage to close below the psychological level of 5500 and we might see some more
upside near to 5500-5530 though possibility of profit booking can’t be rule out. Moreover 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....

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


BANK NIFTY 10650 10850 10950 11105 11310 Rangebound
Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only

Mansukh Securities and Finance Ltd SEBISEBI


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/ NSE: INB230781431
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Phone: 011-30123450/1/3/5
Website: www.moneysukh.com Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com
Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


ASHIMA SYN 6.7 6.5 6.75 7 7.25 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


SAMBAN DAM 131 128 124 132 136 Rangebound

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

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


NUCENT 2.6 2.6 2.5 2.7 2.8 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend


VARDHACRLC 14.05 14.05 15 14 13.5 Rangebound
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

Research Desk Phone: 011-30211872/73 Email: research@moneysukh.com


NAME DESIGNATION E-MAIL
Varun Gupta Head - Research varungupta@moneysukh.com
Pashupati Nath Jha Research Analyst pashupatinathjha@moneysukh.com
Vikram Singh Research Analyst vikram_research@moneysukh.com

For more copies or other information, please send your query at research@moneysukh.com

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
This report is prepared for the exclusive use of Mansukh Group clients only and should not be reproduced, recirculated,published in any media, website
or otherwise, in any form or manner, in part or as a whole, without the express consent in writing of Mansukh Securities and Finance Ltd. Any
unauthorized use, disclosure or public dissemination of information contained herein is prohibited.
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

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