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Market Outlook - Cautiously Optimistic

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MORNING NOTE 22OCT, 2010


MARKET INSIGHTS: On Thursday Oct 21 2010, The domestic markets witnessed a
DATA MATRIX OF LAST SESSION
phenomenal rally on Thursday that helped them to erase all their losses of last three days.
INDEX Close Chg Chg There was a broad based buying supported by the heavy gains in the market heavyweights
Sensex 20261 389 1.96% that led the benchmarks for a triple digit rally. The start of the day was good as the global
markets were trading well giving an indication that there was not much to worry from the
Nifty 6102 120 2.01%
Chinese rate hike, even the Chinese market closed in green in previous session that eased the
Midcap 8403 114 1.38% concern for demand pull back. In the starting there were some hiccups despite that the local
Smallcap 10692 110 1.04% markets kept their spirit high and traded in green. Some cautiousness prevailed till the mid
noon session as the traders awaited the weekly inflation data, that has been a reason of concern
VALUE TRADED (Rs Crs) Chg for the markets for last couple of month and the trade remained range bound. But the report of
decline in inflation to 15.53% for the week ended October 9 compared to 16.37% in the previous
BSE 4822 -1.15%
week came as a soothing sign and the markets heaved a sigh of relief, afterwards the markets
NSE 15437 9.79% started moving up, supported by across the board buying, also the pressure of fund outflow
F&O Total 151315 11.36% for the mega IPO was not seen today as the issue subscription closed for the QIBs last day and
the for the retails and HNI's it was open only till 3 PM today, so the last hour witnessed a huge
buying taking the markets to high point of the day.
NET INFLOWS (Rs Crs) Chg
The BSE Sensex surged 388.43 points or 1.95% to settle at 20,260.58 (Provisional) while the
FIIs 852.0 5225%
S&P CNX Nifty zoomed 109.95 points or 1.84% to end at 6,092.05 (Provisionally). The
DIIs -230.0 752% BSE Sensex touched a high and a low of 20,293.10 and 19,886.12 respectively. There were
29 advances against 1 declines on the index. (Provisional). The S&P CNX Nifty touched a
FII OPEN INTEREST (Crs) Chg high and a low of 6,113.50 and 5,984.90, respectively (Provisional). There were 45
FII Index Futures 16021 -1.10% advances against 5 declines on the index. (Provisional)

FII Index Options 64215 1.93% FMCG up 3.19%, Bankex up 2.09%, Oil & Gas up 2.03%, Metal up 2.01% and Realty 1.87%
were the major gainers on the BSE sectoral space, while there were no laggards on the BSE
FII Stock Futures 45329 1.70% sectoral space. The broader indices traded with lots of enthusiasm; the BSE Mid-cap and
FII Stock Options 1412 5.14% Small-cap indices climbed 1.37% and 1.04% respectively. There were 1858 advances
against 1079 declines on the index. (Provisional)
World Indices Chg Most of the Asian equity indices finished in the positive terrain on Thursday taking cues
Dow Jones 11146 0.34% from Wall Street, which bounced back overnight with major indices gaining about a
percent as the dollar weakened. Hang Seng rose 92.98 points or 0.39% to 23,649.48, Jakarta
Nasdaq 2460 0.12% Composite jumped 9.06 points or 0.25% to 3,588.01, KLSE Composite advanced 4.24
FTSE 100 5758 0.51% points or 0.29% to 1,491.02, Seoul Composite gained 4.25 points or 0.23% to 1,874.69 and
Taiwan Weighted was up by 6.61 points or 0.08% to 8,131.23. On the flip side, Shanghai
Commodity Chg Composite dropped 20.42 points or 0.68% to 2,983.53, Nikkei 225 was down by 5.12 points
or 0.05% to 9,376.48 and Straits Times shed 15.62 points or 0.49% to 3,163.53. r 0.97% to
Crude Oil (US$/bl) 82.00 -1.20% 8,124.62.
Gold (US$/oz) 1,327.00 -1.34%

INDEX TOP MOVERS


SCRIPS Open High Low Close Prev Close % Change Volume
BHARTIARTL 324.7 338.6 323.45 337.15 321.25 4.95 4793028
HINDALCO 205 214.9 203.75 213.1 203.15 4.9 5790174
AMBUJACEM 136.8 144 134.3 144 137.6 4.65 2561864
SUNPHARMA 2031.5 2130 2016.4 2119.9 2037.7 4.03 171638
HINDUNILVR 295.7 307.2 294 305.05 293.4 3.97 2586069
INDEX TOP SHAKERS
SCRIPS Open High Low Close Prev Close % Change Volume
HCLTECH 426 428.8 420.5 423.45 426.1 -0.62 1190182
SIEMENS 807.95 813.75 799 801.5 804.65 -0.39 462076
KOTAKBANK 505 506 490.6 500.6 501.6 -0.2 2606754
CAIRN 339.8 339.8 336.1 337 337.55 -0.16 1152276
BAJAJ-AUTO 1504.9 1507.9 1483.45 1486 1487.15 -0.08 516303
Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only

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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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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS


Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 19650 19870 20261 20380 20590 Rangebound
NIFTY 5980 6045 6102 6155 6195 Rangebound
MARKET VIEW: What a turnaround we have witnessed yesterday. Opened on a relatively flat note, spot index shown some rigorous
buying through out the day, ended up with almost 2% returns. We believe it's a technical pull back rather than any suggestive buying
opportunity and possibility of some more correction should not be rule out.. Technically spot index seems to be in a retracement phase of the
entire rally from the lows of 5400 to 6240. Therefore next level of support could be around 5930-5940(38% retracement)where possibility of
consolidation couldn't be rule down. Moreover we believe Q2FY11earnings sessions will act as a trend decider in the upcoming sessions and
any positive outcome may leap indices towards its previous highs of 6357 in a short span of time. On the flip side any negative inflows from
global as well as domestic front will shattered the current euphoria however traders may use 5850 as an opportunity to re-enter.
HAPPY TRADING....

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


BANK NIFTY 12080 12225 12475 12690 12770 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


GEINDSYS 188 185 180 191 193 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


RAMSWARUP 42.7 41.5 40 43 45 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 Notes
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INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend


SEINVEST 54 53 51.5 55 56 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend


BROADCAST 23.3 24 24.5 23 22 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
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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

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

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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
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-Use strict stop loss at 15% from your average acquisition price
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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

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