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MORNING NOTE 29 DEC 2010

DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

INDEX Close Chg Chg
! Tata Steel’s shipping joint venture to double it’s fleet by 2014
Sensex 20025 -4 -0.02%
Nifty 5996 -2 -0.03%
! Kirloskar Brothers sells its 100% stake in wholly owned subsidiaries
Midcap 7619 5 0.07% ! Ad-Manum Finance approves the allotment 45 lakhs equity shares
Smallcap 9405 31 0.33% ! Unitech promoters raise their stake in the company to 48.57%
! PM advisor sees inflation at 5.5% by fiscal end
VALUE TRADED (Rs Crs) Chg
! Cipla gets government's demand notice for Rs 47.70 crore for Salbutamol
BSE 2708 -11.65%
NSE 8704 -6.71%
! Punj Lloyd bags contract for two commercial building
F&O Total 95021 -10.88%
MARKET INSIGHTS
NET INFLOWS (Rs Crs) Chg
On Tuesday Dec 28, 2010,The domestic markets remained range bound for the day; there
FIIs 109 -56%
wasn't any major trigger that could move the markets in either direction. Though the start of
DIIs (265) 133%
the local indices was on a positive note and within minutes the benchmarks touched their
high points of the day despite mixed global cues, as the US markets closed flat while the
FII OPEN INTEREST (Crs) Chg Asian markets made a mixed opening. The upmove in the domestic markets were very short
FII Index Futures 20601 2.48% lived and the indices started declining in the very early trade, though there was some
FII Index Options 58733 1.88% resistance from few of the market heavyweights but they too lost their traction as the trade
FII Stock Futures 36411 0.73% progressed and in the mid morning session the indices slipped into the red. The choppiness
persisted and the markets continued their flip-flop till mid noon session when selling
FII Stock Options 764 -2.48%
suddenly gripped the markets taking them to their low points of the day and the broader
indices too were seen losing their momentum. The sluggish start of the European markets too
World Indices Chg weighed on the Indian markets, but the slow recovery in them gave confidence among the
Dow Jones 11576 0.18% investors about the global economic recovery prospects.
Nasdaq 2663 -0.16%
FTSE 100 6009 0.21% The BSE Sensex fell by 3.51 points or 0.02% to settle at 20,025.42 (Provisional) while the
S&P CNX Nifty dropped 2.35 points or 0.04% to end at 5,995.75 (Provisionally). The BSE
Commodity Chg Sensex touched a high and a low of 20,090.41 and 19,981.76 respectively. There were 17
advances against 13 declines on the index. The S&P CNX Nifty touched a high and a low
Crude Oil (US$/bl) 94.3 0.31%
of 6,010.90 and 5,982.25, respectively (Provisional). There were 30 advances against 20
Gold (US$/oz) 1405.0 1.01%
declines on the index. (Provisional)

Top Movers Close Price Chg In the BSE sectoral space, FMCG up 0.63%, Healthcare up 0.47%, Teck up 0.34%, IT up
RANBAXY 590.2 2.67 0.29% and Power up 0.19% remained the major gainers while Oil and Gas down 0.74%,
SUZLON 51.95 2.47 PSU down 0.46%, Auto down 0.35%, CG down 0.28% and Bankex down 0.21%
remained the major laggards on the BSE sectoral space. The broader indices ended on a
HDFCBANK 2264.55 2.3
positive note; the BSE Mid-cap index added 0.07% while the Small-cap index advanced
TATAPOWER 1336.9 1.91 0.33%. There were 1335 advances against 1272 declines on the index. (Provisional)
HCLTECH 459.25 1.47
Asian equity indices finished the day's trade on a mixed note on Tuesday. Shanghai
Top Losers Close Price Chg Composite declined 48.41 points or 1.74% to 2,732.99, Hang Seng dropped 212.07 points
or 0.93% to 22,621.73, Nikkei 225 slipped 63.36 points or 0.61% to 10,292.63 and Taiwan
TATAMOTORS 1266.8 -2.64
Weighted shed 21.55 points or 0.24% to 8,870.76. On the flip side, Jakarta Composite
AXISBANK 1288 -2.17 surged 34.73 points or 0.96% to 3,659.99, KLSE Composite rose 5.72 points or 0.38% to
ICICIBANK 1112 -1.2 1,517.44, Straits Times jumped 24.34 points or 0.77% to 3,183.70 and Seoul Composite
AMBUJACEM 142.45 -1.18 was up by 11.13 points or 0.55% to 2,033.32.
SBIN 2726.5 -0.9

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Morning Notes
make more, for sure.
MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TECHNICALLY SPEAKING: The domestic markets remained range bound for the day; there wasn't any major trigger that could move
the markets in either direction. Though the start of the local indices was on a positive note and within minutes the benchmarks touched their
high points of the day despite mixed global cues, as the US markets closed flat while the Asian markets made a mixed opening.
.
FAVORED TOT UP: Remember we have said that range bound scenario between 5690-6070 could be more justified at this stage. From the
last few trading sessions spot index witnessed some suggestive buying from the lower levels. For the upcoming sessions we believe the same
scenario though 6060-6066 could be the crucial resistence zone. For any major upside potential near to 6200 we believe spot index should close
above 6070 for at least two consecutive days with substantial volumes.

VARIED TOT UP: On the flip side any sell off from current levels may drift indices towards 5800 level where we might see some sort of
consolidation. Any drift below this may open the flood gates and possibility of sharp slide near to 5690-5700 should be on higher side. HAPPY
TRADING......
T O D A Y 'S M A R K E T L E V E L S
In d e x S u p p o rt 2 S u p p o rt 1 P re v io u s C lo s e R e s is ta n c e 1 R e s is ta n c e 2 T re n d
SEN SEX 19555 19836 20025 20218 20453 R ang ebo und
N IF TY 5930 5960 5996 6035 6070 R ang ebo und

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

BANK NIFTY 11147 11294 11472 11635 11812 Rangebound
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Morning Notes
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

LAOPALA 75.95 74 71 77 80 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

TULSI 30.05 29.5 29 30 30.5 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
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Morning Notes
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

TATA ELXI 306.2 300 290 310 320 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

NATIONAL STEEL 23.1 23.5 24.25 23 22.5 Rangebound

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

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