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MORNING NOTE 01 MARCH 2011

DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

INDEX Close Chg Chg
Sensex 17823 122 0.69% Infrastructure Sector gains on announcement of raising corpus of rural
Nifty 5333 30 0.57% infrastructure development fund
Midcap 6373 19 0.30% Budget Headlines: 1% excise duty on 130 new items
Smallcap 7817 28 0.36% Budget headlines: 10% excise duty on Branded Garments
Budget Headlines: Surcharge reduced from 7.5% to 5% for domestic companies
VALUE TRADED (Rs Crs) Chg
BSE 4071 16.58%
Budget Headlines: Age for being classified as senior citizen cut to 60 years from 65
years
NSE 16540 22.50%
F&O Total 186446 74.12% Budget headlines: MAT raised to 18.5% from18%
Total Volume 207057 66.88% Budget Headlines: Income tax exemption limit raised to Rs 1.8 lakh from Rs 1.6 lakh
Budget Headlines: To keep the standard rate for Excise Duty at 10%
NET INFLOWS (Rs Crs) Chg Budget headlines: FY 13 fiscal deficit target at 4.1%
FIIs (40) -93%
DIIs 317 -43%
MARKET INSIGHT
FII OPEN INTEREST (Crs) Chg On Monday 28 Feb 10, 2011,On Dalal Street, the local bourses commenced the significant
FII Index Futures 11209 0.40% trading session on an optimistic note on hopes that the finance minister will deliver a
FII Index Options 44317 3.33% market friendly Budget. The global cues at the start of the session were showing mixed
FII Stock Futures 25742 9.47% trend with the overnight gains of US markets on Friday and mixed trend of Asian shares.
While, there was growing unrest in investor's mind as the finance minister crafts the new
FII Stock Options 586 19.84%
budget, as this would decide the growth trajectory. Much in line with the expectation, the
stock market's biggest worry --Budget 2011-12--proved to be positive event as it boosted
World Indices Chg
the benchmark indices to trade higher since the budget presented few negatives, than a
Dow Jones 12226 0.79% surfeit of positives. The excise duty and service tax got retained at 10 per cent against
Nasdaq 2782 0.04% expectations of a 2 per cent hike. The FM has also proposed to cut the surcharge on
FTSE 100 5994 -0.12% domestic companies from 7.5 per cent to 5 per cent further filling confidence in investor's
mind which mirrored in trade and gave their thumbs up to the Budget as the 30 share
Commodity Chg index garnered over 500 points. However, approaching the final leg, with increased in the
Crude Oil (US$/bl) 112.0 0.00% Minimum Alternate Tax (MAT) to 18.5% from the current 18% acting as the mood
Gold (US$/oz) 1412.0 0.14% dampener and the higher profit taking after the huge rally made the benchmark indices to
shed their early massive gains.
Top Movers Close Price Chg
ITC 169.45 8.41
The BSE Sensex gained 131.21 points or 0.74% to settle at 17,832.12 (Provisional). The
index touched a high and a low of 18,296.53 and 17,718.88 respectively (Provisional).
IDFC 145.4 5.32
There 16 stocks advancing against 14 declining one's on the index (Provisional). The
RELCAPITAL 474.55 4.46 S&P CNX Nifty rose 30.65 points or 0.58% to settle at 5334.20 (Provisional). The index
ONGC 272 3.78 touched a high and a low of 5477.00 and 5308.60, respectively (Provisional). 27 stocks
BPCL 557 3.32 advanced against 22 declining ones on the index and 1 stock remain unchanged
(Provisional).
Top Losers Close Price Chg The BSE Mid-cap and Small-cap indices gained 0.37% and 0.40%, respectively
SESAGOA 263.3 -6.8 (Provisional). In the BSE sectoral space Fast Moving Consumer Goods (FMCG) up
RELINFRA 605.25 -5.07 4.57%, PSU up 1.99%, Realty up 1.29%, Oil & Gas up 0.43%, Capital goods up 0.38%
AMBUJACEM 119 -4.3 were the major gainers (Provisional). On the other hand, Consumer durables down
JPASSOCIAT 76.75 -3.76 0.21%, Auto down by 0.18% and Power down 0.10% were the major losers in the BSE
RANBAXY 436 -2.93 sectoral space (Provisional).

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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 17430 17680 17823 17995 18245 Rangebound
NIFTY 5255 5290 5333 5385 5435 Rangebound
TECHNICALLY SPEAKING: With the much awaited Budget 2011-2012 being presented the Indian equity markets witnessed a action
packed day of trade. The local bourse shot up post budget motivated by the slew of the positive news however, the rally fizzled out
approaching the closing as post-budget euphoria came to an end and as traders booked profit near crucial resistance levels.
FAVORED SCENARIO: Remember we have said that below 5630 (200 dma) sentiments remain subdued and we might see some sharp
drift near to 5200-5250. We likely to continue this approach in the upcoming week though possibility of consolidation due to oversold
technical indicators wouldn’t be rule out. Hence traders are advised to remain cautious at this stage and use ‘sell on rally’ strategy rather than
creating any fresh long ones.

VARIED SCENARIO: On the flip side any bounce back from current levels may reap indices towards 5630-5650 level where we might
see some sort of consolidation. Any break out above this may generate some suggestive buying opportunities though 5800-5850 might be
the next ress zone. HAPPY TRADING......

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

BANK NIFTY 10105 10330 10457 10670 10845 Rangebound
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Morning Notes
make more, for sure.
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

RUCHIINFRA 24 23.5 22.5 24.5 25.5 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SANWARIA 168.9 165 159 170 175 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

JINDWORLD 236.75 233 228 240 245 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

BINDALAGRO 34.2 35 36 34 33 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
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Pashupati Nath Jha Research Analyst pashupatinathjha@moneysukh.com
Vikram Singh Research Analyst vikram_research@moneysukh.com

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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
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