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Indian Stock Market Outlook by Mansukh Investment & Trading Solutions 26/8/2010
Indian Stock Market Outlook by Mansukh Investment & Trading Solutions 26/8/2010
Indian Stock Market Outlook by Mansukh Investment & Trading Solutions 26/8/2010
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.
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: 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....
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.
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Technical Trends calls are based on momentum, Investors/Traders are requested to observe following discipline to take maximum advantage of the
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-Use strict stop loss at 15% from your average acquisition price
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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