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Morning Notes 20 AUG,10

MARKET INSIGHTS: On Thursday Aug 19 2010,Bulls were in commend as the key


DATA MATRIX OF LAST SESSION
benchmark indices struck 2-1/2-year highs, extending Wednesday's (18 August 2010) gains,
INDEX Close Pts. Chg Chg
as the latest data showed easing of food and fuel inflation in early August 2010, which may
Sensex 18455 198 1.08% reduce the pressure on the central bank for further monetary action to rein in inflation. The
Nifty 5540 61 1.11% BSE 30-share Sensex was provisionally up 185.34 points or 1.02%, up 165.96 points from the
Midcap 7831 71 0.91% day's low and off 32.81 points from the day's high. Data showing sustained buying by
Smallcap 9864 78 0.80% foreign funds, underpinned sentiments. European stocks were trading mixed while Asian
markets ended on a firm note. The market opened on a firm note, with the key benchmark
VALUE TRADED (Rs Crs) Chg indices hitting 2-1/2-year highs. Stocks extended gains in morning trade on firm Asian
equities. The market struck a fresh 2-1/2-year high in mid-morning trade as pivotals
BSE 5269 -4.67%
extended early gains. The market extended gains in early afternoon trade after the latest data
NSE 14919 -3.06% showed the pace of rise in inflation slowed early this month. The market pared gains in
F&O Total 124649 17.96% afternoon trade as European stocks slipped into the red, soon after a firm opening. Frenzied
buying in index pivotals pushed the key benchmark indices to fresh 2-1/2-year highs in
NET INFLOWS (Rs Crs) Chg mid-afternoon trade. Stocks held firm in late trade.
FIIs 821.0 22%
The market breadth was positive. Banking and financial shares rallied on fresh buying,
DIIs 215.0 -289% with HDFC Bank hitting a record high and HDFC and ICICI Bank scaling 52-week highs.
Among PSU banks, Union Bank of India and Canara Bank struck record highs. ITC and Bajaj
FII OPEN INTEREST (Crs) Chg Auto registered lifetime highs. Index heavyweight Reliance Industries (RIL) gained over
FII Index Futures 18094 0.69% 1%. Shares of software exporters were subdued ahead of a key US economic data on the
FII Index Options 67539 6.64% initial jobless claims due later in the global day. Auto stocks declined on profit booking.
FII Stock Futures 38861 1.68% European stocks were trading on a mixed note in volatile trade on Thursday. France's
FII Stock Options 2038 1.89% CAC 40 gained 0.69%. Germany's DAX was unchanged. UK's FTSE 100 was down 0.09%.
Asian markets edged higher on Thursday, 19 August 2010, led by technology and industrial
World Indices Chg companies. The key benchmark indices in Japan, South Korea, Indonesia, Singapore, Hong
Dow Jones 10271 -1.39% Kong, Taiwan and China rose by between 0.06% to 1.32%.
Nasdaq 2179 -1.67%
FTSE 100 5211 -1.73% NEWS ROOM: The market regulator Securities & Exchange Board of India (Sebi) on
Wednesday, 18 August 2010, proposed to double the investment limit for retail investors to
Commodity Chg Rs 2 lakh for each application from the current limit of Rs 1 lakh, to help them get more
chance in initial public offerings. Meanwhile, Sebi has barred mutual funds from writing
Crude Oil (US$/bl) 75.5 -1.26%
options or purchasing instruments with embedded written options, as the market regulator
Gold (US$/oz) 1234 0.23% put curbs on mutual funds' exposures to derivatives.

INDEX TOP MOVERS


SCRIPS Open High Low Close Prev Close % Change Volume
AMBUJACEM 115.75 127.7 114.8 127 114.75 10.68 3732103
ACC 846 884.8 842 884.5 840.1 5.29 779603
ICICIBANK 972.05 1015.9 972.05 1013.9 967.9 4.75 5695033
HDFC 625 649.1 622.1 642.35 621.2 3.4 4595673
JPASSOCIAT 119.8 123.5 119.25 123.3 119.35 3.31 11023382

INDEX TOP SHAKERS


SCRIPS Open High Low Close Prev Close % Change Volume
UNITECH 84.5 84.7 82.5 83.7 84.95 -1.47 21726031
ONGC 1288 1295.75 1262 1266.7 1284.1 -1.36 465871
TATAPOWER 1323.5 1323.5 1290.45 1296.85 1313.95 -1.3 306323
TATAMOTORS 1040 1050 1031.95 1039 1048.3 -0.89 3033774
RCOM 164.5 165.85 163 163.1 164.35 -0.76 1559821

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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 18080 18190 18455 18660 18800 Rangebound
NIFTY 5470 5505 5540 5565 5595 Rangebound

TECHNICAL VIEW: Well quite an enthusiastic session we have witnessed yesterday. Opened on a positive bias, domestic
indices successfully breached the psychological level of 5500 , ended up on a strong note near 5540. Any successful closing for at
least another two sessions will confirm the new leg of this euphoria and we might see some more upside near to 5600-5630
though possibility of profit booking can’t be rule out. Moreover we still intact on our previous view of 5340-5350 as a major
support zone on closing basis. Hence traders and investors are advise to maintain cautiously optimistic approach and use ‘Buy
on Dip ‘ strategy for the upcoming sessions. HAPPY TRADING....

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


BANK NIFTY 10500 10780 11073 11210 11345 Rangebound
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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


HOCL 42.3 41 39.5 43 44 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


QUINTEGRA 11 10.9 10.7 11.1 11.3 Rangebound

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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


KERNEX 125.35 123 120 126 129 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend


PTL 49.55 51 53 49 47 Rangebound
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Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
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Morning Notes

Research Desk Phone: 011-30211872/73 Email: research@moneysukh.com


NAME DESIGNATION E-MAIL
Varun Gupta Head - Research varungupta@moneysukh.com
Pashupati Nath Jha Research Analyst pashupatinathjha@moneysukh.com
Vikram Singh Research Analyst vikram_research@moneysukh.com

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Note: Please refer our Derivative Report for recommendation on OPTION STRATEGIES.

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Please note that our technical calls are totally independent of our fundamental calls
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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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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