Morning Notes 29.03.

2010

DATA MATRIX of 26.03.2010 MARKET INSIGHTS: On friday,26 March 2010,The 50-unit S&P CNX Nifty attained its
INDEX Close Chg Chg% highest closing level in more than two years supported by persistent buying by the foreign
funds. The barometer index BSE Sensex achieved its highest closing level in more than two
Sensex 17645 86 0.49%
Nifty 5282 22 0.42%
months as equities gained for the seven straight week. The Sensex jumped 85.91 points or
Midcap 6762 47 0.70% 0.49%, off close to 40 points from the day's high. The market breadth turned weak in the
Smallcap 8427 -3 -0.04% latter part of the day. That was in contrast to a strong breadth earlier in the day. Index
heavyweight Reliance Industries (RIL) trimmed gains in late trade. Metal, consumer
durables, auto and banking stocks rose. But, IT stocks fell. Most Asian stocks rose after
VALUE TRADED (Rs Crs) Chg%
European leaders on Thursday agreed on an aid plan for Greece, easing concern the nation's
BSE 4654 4.42%
debt crisis will spread and derail the global recovery. However, European stocks edged
NSE 13546 -22.94%
lower. Stocks were volatile. The market trimmed gains in morning trade after hitting its
F&O Total 57814 -57.79%
highest level in more than two months. The market jumped again to hit fresh two-month
high in mid-morning trade. It once again trimmed gains in early afternoon trade. The market
NET INFLOWS (Rs Crs) Chg%
witnessed a bout of volatility in afternoon trade. The Sensex hit a fresh 2-month high in mid-
FIIs 591 -9.49%
afternoon trade. The market pared gains in late trade.
DIIs 49 -131.41%
European shares edged lower on Friday, moving off annual highs, after Europe agreed a
plan to support Greece if required. The key benchmark indices in France, Germany and UK
FII OPEN INTEREST (Crs) Chg%
were down by 0.19% to 0.29%. Asian stock markets were mostly up Friday, with Japanese
FII Index Futures 11595 4.44% exporters higher on the yen's recent weakness and banks in China were up after their
FII Index Options 27226 7.44% earnings this week met expectations. The key benchmark indices in China, Hong Kong,
FII Stock Futures 26330 2.74% Indonesia, Singapore, Taiwan, South Korea and Japan rose by 0.49% to 1.55%.
FII Stock Options 200 122.22%
NEWS ROOM: The forecast for the southwest monsoon for 2010 is the next major trigger
for the market. Good rains this year after last year's drought will boost farm output and rural
World Indices Chg %
incomes. But another monsoon failure will add to inflationary pressure which in turn may
Dow Jones 10,850 0.08%
hamper the current strong economic rebound. The Indian Meteorological Department
Nasdaq 2,395 -0.08%
(IMD) issues a monsoon forecast, usually in the second half of April after considering
FTSE 100 5,703 -0.44%
weather observations in different parts of the world and extrapolating statistical data .
Commodity Chg % Emerging-market equity funds combined took in a net $1.4 billion during the week ended 24
Crude Oil (US$/bl) 79.0 -1.25% March 2010, a 10-week high, bringing year-to-date inflow totals past the $7 billion mark,
Gold (US$/oz) 1106 1.28% according to the latest data from global fund tracker EPFR Global.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
TATAMOTORS 731.5 756.8 728.4 746.9 725.2 2.99 7802565
HINDUNILVR 233.8 239.4 232.1 238.7 232 2.89 5921814
AXISBANK 1155.1 1197.95 1151.5 1186.35 1154.8 2.73 1805457
M&M 1068 1088.9 1060 1079 1056.9 2.09 901359
IDFC 159 162.15 159 161.9 158.65 2.05 2504020

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
SIEMENS 761 765.9 740.1 741.7 759.85 -2.39 455952
RELINFRA 1032 1032 1002 1004.65 1023.2 -1.81 1779117
INFOSYSTCH 2816 2825 2763 2770.1 2813.95 -1.56 1138210
BHARTIARTL 314.85 315.9 305 310.2 314.4 -1.34 7188335
CAIRN 300 302.3 293 295.3 298.85 -1.19 3028476

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Morning Notes

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

Market Levels For 29 March 2010

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 17200 17470 17645 17750 17900 Rangebound
NIFTY 5205 5245 5282 5330 5370 Rangebound
TECHNICAL VIEW: As expected domestic indices shown some positive divergence in yesterday’s session though 5300 still
remains a doubtful resistance in upcoming sessions . Opened on a relatively flat note spot index continue to trade in a narrow range
between 5260-5305. Domestic indices seems to be consolidated near 5260-5270 from last few days though momentum keeps on buying
side. We might see some mild correction in near term though we believe it should be a decent opportunity to go long until and unless 5030
wouldn’t be breach down with substantial volumes. Remember we have said that any break out above 5180 may lead spot index to 5260-
5270 where possibility of profit booking shouldn't be rule out. Exactly to our expectation markets reached 5260 in a short span of time and
found stiff resistance to cross it.
For today’s session we expect slightly moderate scenario with positive bias. We believe markets should continue its positive
momentum and may breach 5310 though its closing will be more important. Hence traders are advised to book partial profits in their
long positions near 5300 and use ‘Buy on dip’ strategy on any correction though we may witness a short term consolidation near 5150
levels in upcoming sessions. Happy trading...

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

BANK NIFTY 9020 9225 9487 9730 9850 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
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com
 TECHNICAL RECOMMENDATIONS FOR 29 MAR’10

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

APIL 626.55 615-625 605 640 650 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

AGRODUTCH 24 23-24 22 26 27 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
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com
 TECHNICAL RECOMMENDATIONS FOR 29 MAR’10

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

PIRGLASS 95.7 92-94 89 100 105 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

CTC 19.55 20 21 19 18 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

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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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