Morning Note 06 JUNE 2011

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DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

INDEX Close %Chg

Sensex 18376 -0.64
Nifty 5517 -0.59
Midcap 6896 -0.33
Smallcap 8239 -0.05

VALUE TRADED (Rs Crs) %Chg

BSE 2556 -11.50 MARKET INSIGHT
NSE 9831 -1.73 On Friday 06 June 2011, Local equity markets slipped back into the correction mood on Friday as
F& O Total 94704 30.37 the local bourses failing to hold onto the psychological support levels snapped the last day of
Total Volume 107091 25.20 the week with the loss of over 0.50%. Local bourses unwinded all their gains in the second half of
the session as the investor's preferred taking their profit off the table before the weekend.
NET INFLOWS (Rs Crs) %Chg Benchmark index on BSE after being in the vicinity of the biggest weekly advance in two
FIIs 445.0 -3108.79 months, amidst the reports that foreign investors turned net buyers of the nation's equities for a
DIIs (356.0) 172.59 third time this year, erased all its gains due to fall in heavyweights Reliance Industries, HDFC,
TCS, SBI, ITC, BHEL, NTPC and ONGC amidst bleak global cues. On the global front, US stocks
FII OPEN INTEREST (Crs) %Chg
ended a volatile trading day mixed on Thursday as investors were reluctant to make bets a day
FII Index Futures 17163 1.96
before a crucial labor market report that could magnify fears the economy is slowing. Asian
FII Index Options 42304 1.62
shares ended mostly lower Friday, with Japanese tech firms and Hong Kong-listed banks
FII Stock Futures 29287 0.52
remaining among decliners, ahead of key US jobs data due later in the day. Meanwhile,
FII Stock Options 416 13.83
European shares slipped early on Friday, extending this week's sell-off on global growth
World Indices %Chg worries.
Dow Jones 12151 -0.80 The BSE Sensex slipped 110.88 points or 0.60% and settled at 18,383.30. The index touched a
Nasdaq 2733 -1.44 high and a low of 18,672.65 and 18,345.85 respectively. 7 stocks advanced against 23 declining
FTSE 100 5855 0.12 ones on the index (Provisional). The BSE Mid-cap index eased 0.30% while Small-cap index
was down by 0.01%. (Provisional) . On the BSE Sectoral front, Capital Goods advanced 0.82%
Commodity %Chg
and Consumer Durables gained 0.37% were the only gainers.On the flip side, Oil & Gas down
Crude (US$/bl) 116.00 0.42
1.29%, Metal down 1.09%, PSU down 0.98%, FMCG down 0.86% and Health Care down
Gold (US$/oz) 1543.00 0.62 0.80% were the top losers.
Top 5 Movers Close Price %Chg ?India VIX, a gauge for market's short term expectation of volatility lost 2.05% at 17.61 from its
RCOM 94 4.5 previous close of 17.98 on Thursday. The S&P CNX Nifty lost 25.30 points or 0.46% to settle at
LT 1714.35 2.53 5,525.05. The index touched high and low of 5,604.95 and 5,507.20, respectively. 22 stocks
RELCAPITAL 523.55 2.51 advanced against 27 declining ones while I stock remain unchanged on the index.
SESAGOA 289.2 2.17 (Provisional)
POWERGRID 101.2 1.96 Asian equity indices finished the day's trade on a mixed note on the last trading day of the
week as investors in the region remained on the safer side ahead of US jobs report. Japanese
Top 5 Loser Close Price %Chg
shares closed with a cut of over half a percent amid caution before key US jobs data and amid
HDFC 659.15 -3.07
ongoing political uncertainty in Japan while, Seoul shares edged marginally lower, with falls
AXISBANK 1243 -2.41
in technology stocks like LG Electronics weighing, but modest foreign investor buying and
SAIL 146 -2.28
firm gains in shipyards gave some support to the market.
TATAMOTORS 1024.6 -2.25
HINDALCO 189.8 -2.16

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Morning Note
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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 18045 18205 18376 18510 18685 Rangebound
NIFTY 5405 5460 5517 5555 5595 Rangebound
QUANTITATIVE ANALYSIS: Selling was witnessed across almost all the index pivotal, however spared were the stocks belonging to the
Capital Goods and Consumer Durable sectors. Meanwhile, stocks from Oil & Gas, Metal and Public Sector Undertaking taking it to their chin
went home with loss of over 1%.The 30 scrip sensitive index on BSE -Sensex- after striking above 18600 mark shaved off all the gains and ended
with loss of over 100 points . However, the 50 share index on NSE despite losing close to 50 points ended above the 5500 level. The broader
indices too lost over 0.50% each. The market breadth on the BSE ended negative; advances and declining stocks were in a ratio of 1380:1402 while
150 scrips remained unchanged.
FAVORED SCENARIO: Remember we have said that 5250-5270 could be the crucial support zone where possibility of bounce back couldn't be
rule out . Exactly to our expectation spot index continue to react in the same way though next level of resistance could be around 5630-5650. Any
break out above this level may generate another set of positivism and we might see another 1-2% return in the upcoming week however
5800-5830 could be the next resistance zone where possibility of profit booking can’t be rule out.
VARIED SCENARIO: On the flip side any correction from current level may drift indices towards 5330-5340 where we might see some sort of
consolidation.. Any drift below this level may further erode the sentiment however next level of support could be around 5160-5170. HAPPY
TRADING......

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

BANK NIFTY 10415 10610 10785 10895 10965 Rangebound
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Morning Note
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

GLORY 18.85 18.5 18 19 19.5 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

IOL 7.05 7 6.75 7.25 7.75 Rangebound

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Morning Note
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

GOLD INFRA 18.85 18.5 18 19 19.5 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

IFB 110.1 113 116 110 107 Rangebound

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Morning Note
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