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MORNING NOTE 09 DEC 2010

MARKET INSIGHTS: On Wednesday Dec 08, 2010, The Indian markets showed an
DATA MATRIX OF LAST SESSION
extremely weak trend today, extending their modest losses of previous session in big
INDEX Close Chg Chg way. The weakness was visible from the very beginning and the markets started
Sensex 19696 -238 -1.20% declining from the start, tracking the weakness in the global markets as the US markets
despite some recovery in late hours closed flat with negative bias while the Asian
Nifty 5904 -73 -1.22%
markets too didn't look confident. Back home, the mood of consolidation suddenly
Midcap 7600 -172 -2.21% turned into panic selling as the trade progressed. The banking counter that has been on
Smallcap 9295 -310 -3.23% the target of selling due to margin pressure, got an ally today, commodity that too
suffered badly on concerns of decline in global demand. All the major banking counters
VALUE TRADED (Rs Crs) Chg continued their decline for the third consecutive day with some even touching their
multi-month lows. Till the noon session, despite a huge fall the trade remained range
BSE 3511 -3.52% bound but afterwards the slip got aggravated and towards the end the benchmarks
NSE 14214 0.13% touched their low points of the day. The global cues too remained unsupportive and
F&O Total 106805 9.79% slightly weak start of the European markets turned the mood more cautious.
The BSE Sensex plummeted 238.16 points or 1.19% to settle at 19,696.48
NET INFLOWS (Rs Crs) Chg (Provisional) while the S&P CNX Nifty nosedived 69.65 points or 1.17% to end at
5,906.90 (Provisionally). The BSE Sensex touched a high and a low of 19,875.51 and
FIIs (1485) 184% 19,611.35 respectively. There were 3 advances against 27 declines on the index. The
DIIs 409 -196% S&P CNX Nifty touched a high and a low of 5,960.00 and 5,878.60, respectively
(Provisional). There were 12 advances against 38 declines on the index.
FII OPEN INTEREST (Crs) Chg (Provisional)

FII Index Futures 19082 -0.52% There were no gainers in the BSE sectoral space, while Consumer Durables
down 2.98%, Realty down 2.51%, Bankex down 2.03%, Metal down 2.01% and PSU
FII Index Options 51912 1.86%
down 1.11% were the major laggards on the BSE sectoral space. The broader indices
FII Stock Futures 33992 -2.19% ended in the negative region; the BSE Mid-cap index sank 2.21% while the Small-
FII Stock Options 672 -0.07% cap index plunged 3.22%. There were 831 advances against 1959 declines on the
index. (Provisional)
World Indices Chg Asian equity indices finished the day's trade on a mixed note. Jakarta Composite
Dow Jones 11372 0.11% surged 47.65 points or 1.28% to 3,769.99, KLSE Composite jumped 8.32 points or
0.55% to 1,510.06, Nikkei 225 rose 91.23 points or 0.90% to 10,232.33 and Straits
Nasdaq 2609 0.40% Times gained 10.92 points or 0.34% to 3,202.80. On the flip side, Shanghai
FTSE 100 5795 -0.22% Composite declined 27.32 points or 0.95% to 2,848.55, Hang Seng fell 335.63 points
or 1.43% to 23,092.52, Seoul Composite shed 6.80 points or 0.35% to 1,955.72 and
Commodity Chg Taiwan Weighted was down by 0.60 points or 0.01% to 8,703.79.
Crude Oil (US$/bl) 91.2 0.93%
Gold (US$/oz) 1388.3 -0.32%

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
BPCL 657 687 656.5 678 661.05 2.56 1225644
ACC 1004 1019.9 1000 1012 996.8 1.52 486304
RANBAXY 559.9 570 558 567.7 560.15 1.35 687850
GAIL 502.75 509.5 491.3 506 501.95 0.81 2282312
DRREDDY 1840 1848.55 1832.35 1842.3 1830.1 0.67 345846

SCRIPS Open High Low Close Prev Close % Change Volume

AXISBANK 1319 1319 1243.3 1251 1324.5 -5.55 4293576
IDFC 180.4 180.4 173 173.2 180.3 -3.94 4650886
RELCAPITAL 703.55 704 680.15 681.15 707.65 -3.74 975677
RCOM 133.6 133.6 128.8 129.4 134.15 -3.54 3185194
JPASSOCIAT 105.6 106.7 103.25 103.65 107.05 -3.18 7403157
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Morning Notes
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TECHNICAL GLIMPSE: The Indian markets showed an extremely weak trend today, extending their modest losses of previous
session in big way. The mood remained sluggish throughout the day and at no point of time there was any resistance from any corner, only a
faint bit of pull back was seen in the final moments after the European markets entered into the green, but that too was minuscule to make any
impact on the heavily plunged markets.

FAVORED TOT UP: Remember we have said that range bound scenario between 5670-6070 could be more justified at this stage. For the
upcoming sessions we like to continue this approach though next level of support could be around 5820. Any drift below this level may open
the flood gates and possibility of double bottom formation near 5670 could be on higher side.

VARIED TOT UP: On the flip side any technical bounce back above 5965 may leap indices towards 6060-6070 where possibility of profit
booking couldn’t be rule out. For any major upside potential near to 6300 we believe spot index should close above 6070 for at least two
consecutive days with substantial volumes. HAPPY TRADING......
T O D A Y 'S M A R K E T L E V E L S
In d e x S u p p o rt 2 S u p p o rt 1 P r e v io u s C lo s e R e s is ta n c e 1 R e s is ta n c e 2 T re n d
SEN SEX 19200 19435 19696 19950 20190 R angebound
N IF T Y 5820 5860 5904 5965 6015 R angebound

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

BANK NIFTY 11100 11240 11514 11930 12100 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

SRHH 50.55 58 56 60 61 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

TCI FIN 49.1 48 47 49 50 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
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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

GAMMON I 21.25 21 20.5 21.5 22 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

RANE HOLDING 287.4 295 312 285 280 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
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Website: www.moneysukh.com
Morning Notes
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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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