Morning Notes 13.05.

2010

DATA MATRIX OF LAST SESSION MARKET INSIGHTS: On 12 May 2010, The key benchmarks pared gains in late trade as
US index futures fell. Interest rate sensitive banking and realty stocks rose as lower-than-
INDEX Close Chg Chg%
expected growth in industrial production in March 2010 helped ease rate-hike worries.
Sensex 17196 54 0.32% Index heavyweight Reliance Industries (RIL) edged higher. Telecom stocks extended losses
Nifty 5156 20 0.39% for the second straight day after the telecom regulator suggested telecom firms to pay a one-
Midcap 6933 4 0.06% time fee for holding radio-spectrum beyond 6.2 mega hertz (MHz) based on 3G prices. Bharti
Smallcap 8849 -23 -0.26% Airtel was down close to 8%. Two-wheeler major Bajaj Auto rose, reversing initial losses
after robust Q4 results. Volatility was immense. The market pared gains after a firm start.
The market soon regained strength with the Sensex hitting a fresh intraday high in early
VALUE TRADED (Rs Crs) Chg% trade. The market once again came off the higher level later. The Sensex slipped into the red
BSE 3830 -9.22% in morning trade. The market hovered between the positive and negative terrain in mid-
NSE 12995 2.67% morning trade. The market hit a fresh intraday low in afternoon trade weighed by data
F&O Total 89916 5.41% showing lower-than-expected growth in industrial production in March 2010. The market
surged to a fresh intraday high in mid-afternoon trade as European stocks rose. The market
pared gains in late trade as US index futures fell in volatile trade.
NET INFLOWS (Rs Crs) Chg%
FIIs -297.0 -1571% As per provisional figures, the BSE 30-share Sensex was up 38.58 points or 0.23% to
17,180.11. The Sensex fell 113.45 points at the day's low of 17,028.08 in early afternoon trade.
DIIs 180.0 711%
The index rose 110.99 points at the day's high of 17,252.52 in mid-afternoon trade. The S&P
CNX Nifty was up 17.85 points or 0.35% to 5154 as per provisional figures. The BSE Mid-
FII OPEN INTEREST (Crs) Chg% Cap index rose 0.08%. The BSE Small-Cap index fell 0.34%.
FII Index Futures 13493 7.97%
European equities turned positive on Wednesday, with financials gaining after early
FII Index Options 45295 3.06% losses on strong banking results and tough austerity measures announced by debt ridden
FII Stock Futures 29535 0.43% Spain. The key benchmark indices in France and Germany were up by 0.59% to 1.14%. But,
FII Stock Options 1221 5.49% UK's FTSE 100 fell 0.22%, with the index moving between positive and negative zone.

Asian stocks were mixed after a firm start as investors remained concerned about the
World Indices Chg % global economy's outlook despite a massive rescue package to combat the European debt
Dow Jones 10897 1.38% crisis. The key benchmark indices in Japan, Taiwan and South Korea fell by 0.08% to 0.43%.
Nasdaq 2425 2.09% But, key benchmark indices in China, Indonesia, Hong Kong, Singapore rose by between
0.31% to 1.23%.
FTSE 100 5383 0.91%
NEWS ROOM: Meanwhile, the latest economic data showed industrial output rose lower
Commodity Chg % than expected 13.5% in March 2010. Manufacturing sector output rose 14.3% in March 2010.
Crude Oil (US$/bl) 83.0 3.38% Industrial output rose 10.4% in the 2009/10 fiscal year, faster than the 2.6% growth clocked
Gold (US$/oz) 1238 0.81% in the previous fiscal year.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
KOTAKBANK 750.9 773.25 747 768.5 746.35 2.97 1604718
IDFC 160 164.1 159.5 162.95 159.15 2.39 4918281
AXISBANK 1231.3 1298 1231.3 1288 1259.35 2.27 1813674
ITC 252.5 265.9 252.5 265.3 259.55 2.22 1778963
SUNPHARMA 1540 1590 1534.4 1567 1538.3 1.87 129123

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
BHARTIARTL 284 284.5 259.85 262 284.7 -7.97 26419999
IDEA 59 59.5 54.25 55.1 59.85 -7.94 20868135
M&M 562.5 566 536 546.25 563.7 -3.1 2069014
JPASSOCIAT 134.9 134.9 129.5 130.8 133.6 -2.1 8724048
RELCAPITAL 704 706.4 686.55 691.4 702.9 -1.64 1293048

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Morning Notes

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 16800 17050 17196 17510 17660 Rangebound
NIFTY 5070 5110 5156 5185 5230 Rangebound

TECHNICAL VIEW: Once again quite a choppy session we have witnessed yesterday. Opened on a relative lower note,
domestic indices made their day’s low after moderate IIP figures though late recovery manages to close spot index above 5150
with mild gains. For today’s session we believe quite a range bound scenario though possibility of profit booking near 5200
could be on high side. Any break out above this level would generate another 50-70 pts gain in a short term where we might see
some sort of consolidation. On the flip side if spot index unable to sustain above 5070 level on closing basis we may found some
trend reversal sentiments though 4960 may be the key support zone. HAPPY TRADING...

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

BANK NIFTY 9205 9470 9706 9830 9935 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SURANA CORP 73 72 71 74 75 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

KRISHNA ENG 2.9 2.9 2.7 3.2 3.3 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SEJAL GLASS 86 85 84 87 88 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

UTTAM SUGAR 67.55 70 73 66 63 Rangebound

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Morning Notes

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