Morning Notes 12.05.

2010

DATA MATRIX OF LAST SESSION MARKET INSIGHTS: On 11 May 2010, The key benchmark indices edged lower as
INDEX Close Chg Chg% world stocks retreated after Monday (10 May 2010)'s big surge amid uncertainty over euro-
zone countries' ability to reduce their deficits. The BSE 30-share Sensex was provisionally
Sensex 17142 -189 -1.09%
down 205.13 points or 1.18%, up close to 20 points from the day's low and off close to 255
Nifty 5136 -58 -1.12% points from the day's high. All the sect oral indices on the BSE were in the red. The market
Midcap 6929 -69 -0.99% breadth, indicating the overall health of the market, was weak. Metal, realty, telecom and IT
Smallcap 8872 -77 -0.86% stocks fell. Hindalco Industries declined in a weak market despite strong Q4 result.
Ranabaxy Laboratories, too, fell a weak market after turnaround Q1 result. Stocks were
volatile. The market slipped into the red soon after a firm start. The market came off the
VALUE TRADED (Rs Crs) Chg%
lower level in early trade. But, the intraday recovery proved short-lived. The market
BSE 4219 -2.56% extended losses in early afternoon trade. The market once again weakened in mid-afternoon
NSE 12657 -9.63% trade, with the Sensex hitting a fresh intra day low. The market breadth, indicating the
F&O Total 85299 -13.79% overall health of the market, turned weak. The breadth was positive earlier in the day. On
BSE, 1074 shares advanced as compared to 1793 shares that declined. A total of 79 shares
remained unchanged.
NET INFLOWS (Rs Crs) Chg%
FIIs 20.2 -92.35% As per provisional figures, the BSE 30-share Sensex was down 205.13 points or 1.18% to
17,125.42. The Sensex fell 226.10 points at the day's low of 17,104.45 in mid-afternoon trade.
DIIs 22.2 -26.64%
The index rose 48.60 points at the day's high of 17,379.15 in early trade. The S&P CNX Nifty
was down 63 points or 1.21% to 5,130.60 as per provisional figures. The BSE Mid-Cap index
FII OPEN INTEREST (Crs) Chg% fell 1.18% and the BSE Small-Cap index fell 1%.
FII Index Futures 12497 -1.92%
European shares fell after a massive rally on Monday, as doubts about Greece's ability to
FII Index Options 43952 -0.89% cut its fiscal deficit still persisted. The key benchmark indices in UK, France and Germany
FII Stock Futures 29409 -2.40% were down by 1.12% to 1.95%. Asian equities fell on Tuesday, reversing initial gains, as
FII Stock Options 1157 0.41% lingering doubts about how Greece and other debt-laden euro zone countries will reduce
their budget deficits put the brakes on the impressive relief rally in global stocks on Monday.
The key benchmark indices in Hong Kong, China, Indonesia, Singapore, Japan, South Korea
World Indices Chg %
and Taiwan fell by 0.44% to 1.90%.
Dow Jones 10748 -0.34%
Nasdaq 2375 0.03% NEWS ROOM: Moody's Investors Service, in an unusual move regarding its sovereign
ratings process, said on Monday it may downgrade its ratings on Portugal, and Greece's
FTSE 100 5334 -0.99%
rating could fall to as low as junk. The European Union and the International Monetary
Commodity Chg % Fund agreed on Sunday to create a nearly $1 trillion rescue fund to support European
nations burdened by heavy debt. Meanwhile, higher inflation for April 2010 raised worries
Crude Oil (US$/bl) 80.3 0.11%
of further monetary tightening in China. China's consumer prices rose a more-than-
Gold (US$/oz) 1228 2.15% estimated 2.8% in April from a year earlier, the fastest pace in 18 months.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
M&M 557 567.7 551 561 553.65 1.33 3913543
AXISBANK 1249 1278.9 1244.25 1259 1249.45 0.76 1815840
HDFCBANK 1938 1955 1913.25 1948.05 1934.2 0.72 696465
HEROHONDA 1915 1919.75 1885 1893.9 1888.35 0.29 374516
PNB 1018 1025 1006.4 1018 1016.1 0.19 406790

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
IDEA 63.75 63.8 59.4 59.7 63 -5.24 9473070
RELINFRA 1065 1069 1007.1 1011.65 1064.65 -4.98 1482625
RCOM 155.75 156 146 146.75 154.2 -4.83 7049204
HINDALCO 178 178 168.6 168.85 175.45 -3.76 10787989
TATASTEEL 605 608.8 579 579.5 601.45 -3.65 9110721

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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 16800 17050 17142 17510 17660 Rangebound
NIFTY 5070 5110 5136 5175 5230 Rangebound

TECHNICAL VIEW: Absolutely a range bound session we have witnessed yesterday. After fantastic turnaround in
Monday session, domestic indices once again shown some lackluster trading around 5200 level and ended up with mild losses
though momentum still intact with buying side. For today’s session we believe quite a range bound scenario with positive bias
between 5110-5215. Any break out above this level would generate another 50-70 pts gain in a short term though possibility of
profit booking can’t be rule out at any stage. On the flip side if spot index unable to sustain above 5070 level on closing basis we
may found some trend reversal sentiments though 4960 may be the key support zone. HAPPY TRADING...

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

BANK NIFTY 9205 9470 9611 9810 9935 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

ORIENTAL 14.5 14 13.5 15 15.5 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

MAD FERT 14.7 14.5 14 15 15.5 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

NORBEN TEA 14.95 14.75 14.5 15.15 15.3 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

THIRU SUGER 157 160 165 155 150 Rangebound

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Morning Notes

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