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MORNING NOTE 06 SEP,10

MARKET INSIGHTS: On Monday Sep 06 2010, The key equity indices settled the lackluster
DATA MATRIX OF LAST SESSION
session of trade on a flat note on Friday in the absence of any major cues either locally or
INDEX Close Chg Chg globally. Though most of the Asian counterparts and European indices remained in the
Sensex 18221 -17 -0.09% positive terrain during the session, the local markets failed to hold on to their early gains
Nifty 5479 -7 -0.13% on the back of rise in weekly food price inflation back home. The food inflation for the
week ended August 21 rose to 10.86% from 10.05% in the earlier week, raising
Midcap 7589 -195 -2.51%
apprehensions of stricter measures from the central bank in its forthcoming mid-quarter
Smallcap 9913 92 0.94% review. Concerns over sustenance of expensive valuations also continued to play a spoil
sport for the domestic markets. Realty, auto and healthcare stocks led the gainers list in
VALUE TRADED (Rs Crs) Chg trade today while metal, oil & gas and capital goods counters witnessed selective selling
from market men. The broader indices out shined the key indices with big margin during
BSE 4778 -9.34%
the session. The main indices moved back and forth within a narrow range near the
NSE 12437 -6.75% neutral line during most part of the afternoon session in the absence of any major trigger.
F&O Total 65255 -22.40% Flat-to-positive start for the European bourses failed to provide any cues to the local
markets. Though the key indices showed some strength in late trades but profit booking
NET INFLOWS (Rs Crs) Chg from traders once again pulled them in the red and they finally settled with marginal
losses. The BSE's 30-share sensitive index -- Sensex -- spent the entire session within a
FIIs 283.0 245% range of 110 points while the NSE's 50-share broadly followed index -- Nifty -- moved
DIIs -123.0 4% within a range of around 40 points.
The BSE Sensex dropped 16.88 points or 0.09% to settle at 18,221.43 while the S&P CNX
FII OPEN INTEREST (Crs) Chg Nifty shed 6.75 points or 0.12% to end at 5479.40. The BSE Sensex touched a high and a
FII Index Futures 16058 0.99% low of 18,316.32 and 18,206.50, respectively. Hero Honda up 2.14%, Bharti Airtel up
1.60%, Reliance Infra up 1.60%, ONGC up 1.17% and HUL up 1.12% were the major
FII Index Options 66060 0.35% gainers on the Sensex. The BSE Mid-cap and Small-cap indices gained 0.97% and
FII Stock Futures 35801 0.27% 0.94%, respectively.
FII Stock Options 774 9.83% Hang Seng gained 102.58 points or 0.49% to 20,971.50, Jakarta Composite added 42.13
points or 1.35% to 3,164.28, Nikkei 225 rose 51.29 points or 0.57% to 9,114.13, Straits
World Indices Chg Times jumped 15.90 points or 0.53% to 3,002.56, Seoul Composite advanced 4.29 points
or 0.24% to 1,780.02 and Taiwan Weighted surged 109.39 points or 1.42% to 7,830.21.
Dow Jones 10448 1.24% On the flip side, Shanghai Composite was down 0.38 points or 0.01% to 2,655.39 and
Nasdaq 2234 1.55% KLSE Composite slipped 5.40 points or 0.37% to 1,435.67.
FTSE 100 5428 1.06% NEWS ROOM: Meanwhile, slowdown in the country's services sector for the second
month in a row also kept the undertone on a cautious side during the session today. The
Commodity Chg headline seasonally adjusted HSBC Business Activity Index declined to 59.3 in August
Crude Oil (US$/bl) 77.0 0.65% 2010 from 61.7 in July 2010.
Gold (US$/oz) 1,251.00 -0.10%

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
UNITECH 79.1 81.7 79.05 81.2 78.7 3.18 27207426
HEROHONDA 1705 1747.8 1701 1739 1695.7 2.55 1272843
RANBAXY 507.2 516.3 502.05 514.5 504 2.08 1441571
RELINFRA 1022 1038 1012.8 1033.3 1015.65 1.74 894885
BHARTIARTL 335.2 341.4 335 339.7 334.1 1.68 3512214

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
SUZLON 51.7 51.95 48.3 50.1 51.3 -2.34 46092194
JINDALSTEL 701 701 681.55 684.7 698.6 -1.99 768807
HINDALCO 172.85 174.75 169.95 170.45 173.65 -1.84 3253678
BPCL 781 782.95 765.1 767 779 -1.54 923038
STER 162 163 157.5 158.3 160.65 -1.46 6007759
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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 17645 17870 18221 18460 18580 Rangebound
NIFTY 5370 5425 5479 5535 5570 Rangebound

TECHNICAL VIEW: Absolutely a sluggish session we have gone through yesterday. Opened on a relatively higher note
backed by strong global cues, spot index shown sought of resistance around 5500 level , ended up on a slightly lower note .
Remember we have said earlier that 5340 will be the key support zone. Exactly to our expectations spot index shown some
materialistic cushions at this level though we expect quite a range bound scenario between 5340-5535 in the upcoming sessions.
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 10480 10740 10971 11115 11330 Rangebound
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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

ANDREW YULE 42 41 40 43 44 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

FINOLEX 106.95 105 103 107 108 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
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com
Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

NATCO PHARMA 282 280 275 285 287 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

WALCHAND 278.2 280 283 275 273 Rangebound
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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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Morning Notes

NAME DESIGNATION E-MAIL

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Pashupati Nath Jha Research Analyst pashupatinathjha@moneysukh.com
Vikram Singh Research Analyst vikram_research@moneysukh.com

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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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