14 Sep Morning

You might also like

Download as pdf or txt
Download as pdf or txt
You are on page 1of 5

Real life predictability is not so rewarding...

Predict the Sensex with


make more, for sure. MANSUKH & win daily cash prizes!

MORNING NOTE 14 SEP, 2010


MARKET INSIGHTS: On Monday Sep 13 2010, Robust July 2010 industrial production
DATA MATRIX OF LAST SESSION
growth, good monsoon season this year, data showing sustained buying by foreign
INDEX Close Chg Chg funds and firm global stocks, helped domestic bourses kick off the new trading week
Sensex 19208 409 2.18% with strong gains. All the sectoral indices on BSE were trading higher, with banking,
Nifty 5760 120 2.13% realty, metal and oil & gas leading the gains. Index heavyweight Reliance Industries
(RIL) surged. The barometer index BSE Sensex today, 13 September 2010, crossed the
Midcap 8112 61 0.76% psychological 19,000 mark. Shares of a number of banks and housing finance major
Smallcap 10272 23 0.22% HDFC scaled record high. The market surged at the onset of the trading session on firm
Asian stocks. The key benchmark indices, the BSE Sensex and the 50-unit S&P CNX Nifty,
VALUE TRADED (Rs Crs) Chg scaled their highest level in nearly 32 months. The market held firm in morning trade.
Stocks extended gains in mid-morning trade. The market continued its uptrend to hit
BSE 4974 -3.59%
fresh intraday high in early afternoon trade. The market hit a fresh intraday high in
NSE 15782 3.52% afternoon on positive start from European markets. Stocks further extended gains in
F&O Total 149175 51.04% mid-afternoon trade.
As per provisional figures, the BSE 30-share Sensex was up 413.55 points or 2.2% to
NET INFLOWS (Rs Crs) Chg 19,213.21. The index rose 443.78 points at the day's high of 19,243.44 in late trade, its
highest level since 18 January 2008. The index rose 45.65 points at the day's low of
FIIs 2520.0 155%
18,845.31 in early trade. The S&P CNX Nifty was up 119.80 points or 2.12% at 5,759.85
DIIs -960.0 378% as per provisional figures. The index hit high of 5,770.60 in late trade, its highest level
since 18 January 2008.
FII OPEN INTEREST (Crs) Chg The European Union on Monday raised its forecast for economic growth in the 16-
FII Index Futures 20342 6.75% nation euro zone, in part reflecting stronger-than-expected growth in the second
quarter. The interim economic forecast released by the European Commission, the
FII Index Options 78348 5.14%
EU's executive arm, estimates gross domestic product will grow by 1.7%, up from its
FII Stock Futures 39038 2.22% spring forecast of 1%. The EU also lifted its growth forecast for Great Britain,
FII Stock Options 1308 9.27% projecting 2010 GDP growth of 1.7%, up from its spring estimate of 1.2%. .

NEWS ROOM: The government has proposed to do away with the need for foreign
World Indices Chg investors having joint ventures in the country to get prior approval from their local
Dow Jones 10544 1.24% partners before making fresh investments in the same area. This 12-year-old regulation
has been a major irritant to foreign investors wanting to step up their investment in India
Nasdaq 2286 2.24%
and its removal can potentially speed up FDI inflows. The regulation, known as Press
FTSE 100 5566 1.31% Note 1 of 2005, a reworked version of the vintage 1998 Press Note 18, aimed at protecting
the interest of Indian companies by putting a brake on foreign companies changing local
Commodity Chg partners to suit their business interests.
Crude Oil (US$/bl) 79.0 2.60%
Gold (US$/oz) 1,251.00 0.16%

INDEX TOP MOVERS


SCRIPS Open High Low Close Prev Close % Change Volume
SBIN 2991.05 3166 2991.05 3158 2984.05 5.83 4911426
HDFC 634.65 669 631.2 665.25 629.95 5.6 4078556
KOTAKBANK 437.55 459.8 435.3 458 864.6 4.67 1936801
HINDALCO 183.5 192.5 183 190.8 182.4 4.61 9713766
RELINFRA 1021 1062.5 1018.7 1056.85 1011.25 4.51 1500008
INDEX TOP SHAKERS
SCRIPS Open High Low Close Prev Close % Change Volume
IDEA 77 77.4 74.2 74.85 76.75 -2.48 2760206
RCOM 166 166 161.5 162.65 163.6 -2.02 4072204
WIPRO 410 412 400.6 404 408 -0.98 1499094
RELCAPITAL 784 784 771 777 781.65 -0.89 865096
SUZLON 51.5 52 50.75 50.95 51.35 -0.78 9760279
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
make more, for sure.

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS


Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 18675 18880 19208 19460 19705 Rangebound
NIFTY 5660 5705 5760 5805 5845 Rangebound

TECHNICAL VIEW: Well current Euphoria and strong global cues once again drive the investor sentiments to the new
highs as domestic indices posted substantial returns on the close. For the upcoming sessions we believe the same scenario
though upcoming news both from the domestic and global mediums will matter the most. On technical grounds we have
witnessed a sharp rally from the last five consecutive sessions. Usually such sharp moves encountered with the correction of 38-
50% of the entire rally. Therefore clients are advised to book profits on such rallies and wait for a decent correction to re-ener.
HAPPY TRADING.....

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


BANK NIFTY 11525 11710 11851 11990 12120 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


RegnRegn
No. BSE:
No.INB010985834
Mansukh
Office: Securities
306, Pratap and Shah
Bhavan, 5, Bahadur Finance LtdNew Delhi-110002
Zafar Marg,
BSE: INB010985834
/ NSE: INB230781431
/ NSE: INB230781431
Office:011-30123450/1/3/5
306, Pratap Bhavan,Fax:
5, Bahadur Shah Zafar PMS Regn
PMSNo.Regn
INP000002387
No. INP000002387
Phone: 011-30117710 Email:Marg, New Delhi-110002
research@moneysukh.com
Phone: 011-30123450/1/3/5
Website: www.moneysukh.com Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com
Morning Notes
make more, for sure.
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


IFL 6.45 6.3 6.2 6.5 6.75 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend


AXIS IT 121.35 130 138 120 115 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
make more, for sure.
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


MCD HOLDING 155.25 150 147.5 160 165 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


SE INVEST 54.6 54 53 55 56 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
make more, for sure.

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

You might also like