Morning Note 03 JUNE 2011

make more, for sure.

DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

INDEX Close %Chg

Sensex 18494 -0.62
Nifty 5550 -0.75
Midcap 6919 -0.69
Smallcap 8243 -0.78

VALUE TRADED (Rs Crs) %Chg

BSE -100.00 MARKET INSIGHT
NSE 10004 0.09 On Thursday 02 June 2011, Worldwide sell-off in equities and fall in commodities led the local
F& O Total 72643 -5.60 bourses snap their two days winning streak on Thursday. Local equity markets failed to
Total Volume 82647 -7.82 continue their momentum despite lower weekly food inflation data as investors maximizing
their gains after two days rise, took their profits off the table. India's food Inflation after soaring
NET INFLOWS (Rs Crs) %Chg to its four week's high level in the previous week eased considerably to 8.06% on annual basis
FIIs -100.00 during week-ended May 21, 2011 on the back of cheaper pulses, wheat and some vegetables.
DIIs -100.00 According to the data released by the ministry of commerce and industry on Thursday, food
price index declined to 8.06% on annual basis during week-ended May 21, from an annual rise
FII OPEN INTEREST (Crs) %Chg
of 8.55% recorded in the previous week. On the global front, the Standard & Poor's index, like
FII Index Futures -100.00
other major Wall Street indices, fell more than 2%, its biggest drop since August 11 as the
FII Index Options -100.00
growth in the US manufacturing sector slowed sharply in May, with the Institute for Supply
FII Stock Futures -100.00
Management's index of national factory activity falling to its lowest level since September 2009.
FII Stock Options -100.00
Meanwhile, Asian stock markets tumbled Thursday on heightened concerns about the global
World Indices %Chg economic outlook, while political woes in Japan added to the selling in the Tokyo market. The
European markets fell early on Thursday, adding to losses suffered in the previous session as
Dow Jones -100.00
weak economic data fueled worries that the US recovery is losing momentum and as Moody's
Nasdaq -100.00
downgraded Greek debt.
FTSE 100 -100.00
The BSE Sensex slipped 103.25 points or 0.55% and settled at 18,505.56. The index touched a
Commodity %Chg
high and a low of 18,540.67 and 18,390.57 respectively. 10 stocks advanced against 20
Crude (US$/bl) -100.00
declining ones on the index (Provisional) The BSE Mid-cap index eased 0.68% while Small-
Gold (US$/oz) -100.00 cap index was down by 0.77% respectively. (Provisional) On the BSE Sectoral front, FMCG
Top 5 Movers Close Price %Chg advanced 1.03%, Consumer Durables gained 0.28% and Oil & Gas rose 0.17% were the only
gainers. On the flip side, Bankex down 1.45%, Metal down 1.32%, Realty down 1.18%, Auto
HINDUNILVR 320.55 3.25
down 1.11% and Power down 0.87% were the only losers.
SAIL 148.8 2.66
BAJAJ-AUTO 1368 2.43 ?India VIX, a gauge for market's short term expectation of volatility gained 7.47% at 17.98 from
SUNPHARMA 479.95 2.13 its previous close of 16.73 on Wednesday. The S&P CNX Nifty lost 39.10 points or 0.70% to
ITC 195.4 0.8 settle at 5,552.90. The index touched high and low of 5,568.20 and 5,521.95, respectively.16
stocks advanced against 34 declining ones on the index. (Provisional)
Top 5 Loser Close Price %Chg
Most of the Asian equity indices finished the day's trade in the negative terrain on Thursday
RELINFRA 552 -4.75
as investors remained concerned about the global economic outlook, while political worries
RCOM 90.2 -3.99
in Japan too added to the selling in the Tokyo market as a result Nikkei crumbled about 1.70
SESAGOA 283.1 -3.49
percent in the trade today. Moreover, Chinese benchmark tumbled 1.4 percent on Thursday
TATAMOTORS 1046.15 -3.13 after a slump on Wall Street and amid worries that country's central bank may raise interest
RPOWER 116.8 -2.59 rates during the Dragon Boat Festival.

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
Website: www.moneysukh.com
Morning Note
make more, for sure.

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 18205 18345 18494 18635 18770 Rangebound
NIFTY 5460 5505 5550 5595 5645 Rangebound
QUANTITATIVE ANALYSIS: The BSE Sensex slipped 103.25 points or 0.55% and settled at 18,505.56. The index touched a high and a low of
18,540.67 and 18,390.57 respectively. 10 stocks advanced against 20 declining ones on the index (Provisional) The BSE Mid-cap index eased
0.68% while Small-cap index was down by 0.77% respectively. (Provisional) On the BSE Sectoral front, FMCG advanced 1.03%, Consumer
Durables gained 0.28% and Oil & Gas rose 0.17% were the only gainers. On the flip side, Bankex down 1.45%, Metal down 1.32%, Realty down
1.18%, Auto down 1.11% and Power down 0.87% were the only losers. Besides these, all the Fertilizers stocks were in demand on Government's
announcement of buy back of fertilizers bonds.. Post this report Chambal Fertilisers & Chemicals gained 1.66%, Nagarjuna Fertilizers &
Chemicals rose 0.66% and National Fertilizers surged 2.19%.
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 another 100 points rally 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 10575 10710 10843 10995 11090 Rangebound
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
Website: www.moneysukh.com
Morning Note
make more, for sure.

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SAMTEL 6.9 6.75 6.5 7 7.25 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SUVEN 22.85 22 21 23 24 Rangebound

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
Website: www.moneysukh.com
Morning Note
make more, for sure.

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SPYL 34.95 34 33 35 36 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

RANKLIN 16.6 17.5 18.5 16.25 15.7 Rangebound

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
Website: www.moneysukh.com
Morning Note
make more, for sure.

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

For more copies or other information, please send your query at research@moneysukh.com

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

Additional Information with respect to the securities referred in our derivative calls is uploaded on our website.
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
This report is prepared for the exclusive use of Mansukh Group clients only and should not be reproduced, recirculated, published in any
media, website or otherwise, in any form or manner, in part or as a whole, without the express consent in writing of Mansukh Securities and
Finance Ltd. Any unauthorized use, disclosure or public dissemination of information contained herein is prohibited.
This data sheet is for private circulation only and the said document does not constitute an offer to buy or sell any securities mentioned herein.
While utmost care has been taken in preparing the above, we claim no responsibility for its accuracy. We shall not be liable for any direct or
indirect losses arising from the use thereof and the investors are requested to use the information contained herein at their own risk.

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
Website: www.moneysukh.com