Morning Notes 31.05.

2010

DATA MATRIX OF LAST SESSION MARKET INSIGHTS: On 28th May 2010,The key benchmark indices retreated in late trade
on profit booking after a solid spurt in mid-afternoon trade. The BSE 30-share Sensex was
INDEX Close Chg Chg%
provisionally up 171.36 points or 1.03% to 16,837.76, off 53.41 points from the day's high and
Sensex 16863 196.6 1.18% up 145.10 points from the day's low. The market breadth was strong. Firm global stocks
Nifty 5066 63 1.26% underpinned sentiment. Metal shares gained following rise in metal prices in London on
Midcap 6756 110 1.66% Thursday. Banking stocks advanced on fresh buying. IT pivotals gained, reversing early
Smallcap 8494 116 1.38% losses, on the back of firm ADRs on Thursday, 27 May 2010. Oil exploration stocks gained
after crude oil rose on Thursday. Realty stocks extended gains for the third day in a row.
Intraday volatility was high. The market opened on a firm note tracking gains in Asian
VALUE TRADED (Rs Crs) Chg% stocks. The market soon pared gains on profit taking. The market regained strength in
BSE 3979 4.05% morning trade. Stocks once again pared gains later. The market recovered from lower level
NSE 12978 -21.89% in mid-morning trade. The market moved in a range later. The Sensex surged to a fresh
F&O Total 68591 -55.61% intraday high in mid-afternoon trade. The market pared gains at the fag end of the trading
session soon after hitting a fresh intraday high.
European shares moved higher for the third straight session on Friday, with mining stocks
NET INFLOWS (Rs Crs) Chg%
continuing to outperform the broader market. The key benchmark indices in France,
FIIs 409.0 -177% Germany and UK rose by between 0.26% to 0.72%. UK market remains closed on Monday, 31
DIIs 342.0 -17% May 2010, on account of Spring Bank Holiday. Asian stocks extended gains for the third
straight session on Friday after China reassured its commitment to investing in Europe. Key
FII OPEN INTEREST (Crs) Chg% benchmark indices in Hong Kong, South Korea, Japan and Taiwan were up by between
0.72% to 1.73%. However, China's Shanghai Composite declined marginally by 0.01%,
FII Index Futures 12406 -3.75%
reversing early gains. Markets in Singapore, Indonesia, Thailand and Malaysia were closed
FII Index Options 36660 4.36% for a public holiday.
FII Stock Futures 24865 1.42%
As per government data released today, 28 May 2010, food inflation rose 16.23% in the
FII Stock Options 394 55.73% year through 15 May 2010, lower than previous week's annual rise of 16.49%. The fuel price
inflation also slowed to 12.08% from the previous week's 12.33%. The primary articles index
World Indices Chg % was up 15.90%, compared with the previous week's annual reading of 16.19%.
Dow Jones 10136 -1.20% NEWS ROOM: Standard Chartered's Indian depository receipts (IDRs) issue was fully bid. The issue
Nasdaq 2257 -0.88% was subscribed 1.38 times by 15:00 IST, getting bids for 28.17 crore shares as against 20.40 crore IDRs on
FTSE 100 5188 -0.13% offer. The issue closes today. In economic data, the commerce department on Thursday reported that
US gross domestic product rose at an annualized rate of 3% in the first quarter, a downward revision
Commodity Chg % from last month's initial estimate of 3.2% growth. The US economy had expanded at a 5.6% pace in Q4
Crude Oil (US$/bl) 74.0 -1.33% 2009. Separately, new applications for state jobless benefits dropped to 460,000 in the week ending 22
Gold (US$/oz) 1214 0.50% May 2010 from 474,000 in the prior week, the Labor Department said.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
STER 659.8 687 655.2 681.5 644.05 5.81 4373181
RCOM 141.25 148 139.4 146.9 139.2 5.53 6624671
JINDALSTEL 629 656.9 629 654.8 622.25 5.23 3271458
SUZLON 58.7 61.5 58.7 61 58.1 4.99 20300329
RANBAXY 418.45 428.9 416 428 414.05 3.37 755042

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
BPCL 578 578 560 564 572.75 -1.53 971309
GAIL 459 459.95 446.3 447 452.15 -1.14 967215
MARUTI 1243 1244.8 1216.2 1225 1238.15 -1.06 330714
AMBUJACEM 109 110.5 107.1 108.05 109.15 -1.01 1433845
IDFC 156.4 157.95 151.55 153.65 154.55 -0.58 2652041

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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 16350 16500 16863 17050 17230 Rangebound
NIFTY 4980 5025 5066 5110 5145 Rangebound

TECHNICAL VIEW: For today’s session we expect quite a moderate scenario with crucial resistance at around 5130-5140
level. Traders are advised to have a cautiously look on these levels though we believe ‘sell on rally’ strategy would be more
advantageous with strict stop loss of 5170. Moreover analyzing current scenario sentiments seems to re gathering at current
juncture but slightly on lethargic side. Hence possibility of range bound trading between 4730-5170 could be more visible and
justified. Any break out above this trading range would generate more positivism among traders and we might see another 10-
20 % upside in a short time though lots of depend on global cues. On the flip side any avalanche below 4730 could open the flood
gates though 4450-4470 will be the key support zone. HAPPY TRADING.....

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

BANK NIFTY 8850 9105 9217 9410 9540 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

UTTAM SUGAR 46.65 45.5 44.5 47 48 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

VAKRAN SOFT 157.25 155.5 151.5 160 163 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

AMRUTAN JAN 679.65 660 640 680 700 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

CALSOFT 51.1 52 53 50 49 Rangebound

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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
products
-Entry/exit will be on the basis of price or time priority
-Use strict stop loss at 15% from your average acquisition price
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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
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