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MORNING NOTE 29 NOV, 2010

MARKET INSIGHTS: On Friday Nov 26, 2010,The local equity markets remained
DATA MATRIX OF LAST SESSION
downcast for yet another session and extended their losses for the fourth consecutive
INDEX Close Chg Chg day after witnessing wild swings. Fears of home loan scam involving many corporates
Sensex 19137 -181 -0.94% spooked the markets in morning trades today, which sent the bourses tumbling. The
market regulator Securities and Exchange Board of India (SEBI) investigating the
Nifty 5752 -48 -0.83%
likelihood of insider trading in few companies related to housing loan scandal also
Midcap 7612 -241 -3.07% weighed on the sentiments. The recovery followed the sharp sell-off during the session
Smallcap 9516 -447 -4.49% on clarification from the finance ministry that exposure of Life Insurance Corporation
(LIC) and LIC Housing Finance to companies involved in the scam was limited to around
VALUE TRADED (Rs Crs) Chg Rs 388 crore only. Clarification from the National Stock Exchange (NSE) that there were
no margin defaults, also boosted investor confidence later in the day. Meanwhile, the
BSE 6495 15.43% intraday recovery led by banking, software and technology counters remained short
NSE 22744 -8.08% lived and the markets once again resumed their southward journey before closing hours
F&O Total 139649 -44.58% tracking sharp cuts on the European bourses.
The BSE's 30-share sensitive index -- Sensex -- failed to hold on to the crucial level
NET INFLOWS (Rs Crs) Chg of 19,200 while the NSE's 50-share broadly followed index -- Nifty -- managed to
shut shop a tad above the psychological 5,750-mark. At one point, they were trading
FIIs 629 -152% below 19,000 (Sensex) and 5,700 (Nifty) levels. All the sectoral indices of the BSE
DIIs 959 384% finished lower today. Realty counter, which was down by more than ten percent in
morning trades as marketmen rushed for profit booking in anything related to real
FII OPEN INTEREST (Crs) Chg estate or infrastructure space, covered quite a bit of ground to reduce losses to
around four and a half percent. Consumer durables, metal and power stocks were
FII Index Futures 17795 -2.35%
the other major losers in trade. Selective buying remained evident in software and
FII Index Options 46027 6.74% banking pockets. The broader indices also shut shop with reduced losses.
FII Stock Futures 32733 -2.05% Index heavyweight, RIL, slipped around two percent in trade. Few scam related
FII Stock Options 354 171.40% names like LIC Housing Finance tumbled 11.91%, Central Bank of India trimmed
9.96%, Money Matters Financial Services slumped 9.99%, Hindustan Construction
World Indices Chg Company (HCC) lost 18.99% and Punjab National Bank (PNB) shed 2.81%. From
frontliners, TCS, Cipla and SBI topped the gainers list.
Dow Jones 11092 -0.85%
European markets were also trading in the red on Friday. France's CAC 40 plunged
Nasdaq 2535 -0.31%
1.47%, Germany's DAX declined 1.01%, and Britain's FTSE 100 shed 1.15%. On the
FTSE 100 5669 -0.53% flip side, Straits Times was up by 0.14 points to 3,159.37. Shanghai Composite
declined 26.56 points or 0.92% to 2,871.70, Hang Seng shed 177.43 points or 0.77% to
Commodity Chg 22,877.25, Jakarta Composite dropped 59.51 points or 1.61% to 3,642.50, KLSE
Crude Oil (US$/bl) 85.8 0.01% Composite slipped 4.44 points or 0.30% to 1,492.05, Nikkei 225 dipped 40.20 points
or 0.40% to 10,039.56, Seoul Composite decreased 25.88 points or 1.34% to 1,901.80
Gold (US$/oz) 1362.4 -0.76%
and Taiwan Weighted was down by 37.84 points or 0.45% to 8,312.15.
INDEX TOP MOVERS
SCRIPS Open High Low Close Prev Close % Change Volume
SAIL 170.9 176.4 168.5 174.5 168.6 3.5 3691495
CIPLA 336.9 344.45 325.5 341.85 333.9 2.38 1988714
TCS 1025 1054 1025 1046 1021.8 2.37 1808913
DRREDDY 1771 1802 1748 1800 1770.15 1.69 310810
HCLTECH 388 399.5 383.1 391.5 385.75 1.49 1106829

SCRIPS Open High Low Close Prev Close % Change Volume

JPASSOCIAT 114.55 115 98.6 106 114.5 -7.42 45739864
RELINFRA 910 914.45 845.1 847.1 908.8 -6.79 1575308
CAIRN 314 316.6 283.25 295.25 312.65 -5.57 4378110
SESAGOA 318.2 319.85 296 300.4 317.9 -5.5 3481135
RCOM 137.65 138 129 130 136.9 -5.04 7291827
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Morning Notes
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 18840 19010 19137 19330 19470 Rangebound
NIFTY 5690 5720 5752 5790 5840 Rangebound

MARKET VIEW: The Indian equity markets were trapped in domestic jitters when all the Asian markets performed mixed. The domestic
markets still not seem to have recovered from the storm of fake housing finance scam, though the start of the markets was good tracking the
overnight surge in the US markets and the good going of the Asian peers but it lost its way in last. Technically traders sentiments seems to be
little bit in passive mood as domestic indices failed to show any momentum from last 15 days.. Any negative out come will further spoils the
current scenario though 5660-5630 should be very crucial to watch . Any drift below this level could open the flood gates and we might see
5500-5530 in a short span of time where possibility of consolidation shouldn't be rule out. On the flip side any break out above 6060-6070 with
decisive volumes may shift the current paradigm towards bulls and we might see short term rallies near to 6295. HAPPY TRADING....

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

BANK NIFTY 11230 11450 11668 11870 12050 Rangebound
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Morning Notes
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

CAROL INFO 93.05 90 85 95 100 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

ICIL 19.85 19 18 20 21 Rangebound
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Morning Notes
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

BLUE COAST 174 170 160 180 185 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

SMPL 34.95 37 39 34 32 Rangebound

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Morning Notes
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