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MORNING NOTE 10 DEC 2010

MARKET INSIGHTS: On Thursday Dec 09, 2010, The domestic equity markets
DATA MATRIX OF LAST SESSION
continued their sluggish mood for yet another day and the major indices suffered
INDEX Close Chg Chg decline of more than two percent each, despite the strong global sentiments. All Asian
Sensex 19242 -254 -2.31% equity indices, barring Shanghai Composite, finished the day's trade in the positive
terrain and European stocks too were trading in the green. The markets made a good
Nifty 5767 -137 -2.32%
start and surged to their high points of the day in very early trade tracking the good
Midcap 7260 -341 -4.47% going in the global markets, as the US markets closed with gains overnight while most
Smallcap 8745 -550 -5.92% of the Asian markets were trading in positive terrain. But the domestic markets could
not keep their momentum going and succumbed to profit booking. There was small
VALUE TRADED (Rs Crs) Chg stint of recovery effort in the mid morning session and the benchmarks entered into
green for a short time but that was a very slender recovery and the markets again
BSE 4569 30.13% slipped into the red and never looked back. The selling pressure got intensified in the
NSE 17329 21.92% last hour of trade and the benchmarks breached their psychological levels of 5,750
F&O Total 143426 34.29% (Nifty) and 19,200 (Sensex), though there was some pullback in last minutes, but it was
too little to help the markets to recover any firm ground.

NET INFLOWS (Rs Crs) Chg The BSE Sensex plummeted 439.74 points or 2.23% to settle at 19,256.74
(Provisional) while the S&P CNX Nifty nosedived 127.50 points or 2.16% to end at
FIIs (1296) -13% 5,776.20 (Provisionally). The BSE Sensex touched a high and a low of 19,771.09 and
DIIs 828 102% 19,160.87 respectively. There were 2 advances against 28 declines on the index. The
S&P CNX Nifty touched a high and a low of 5,927.30 and 5,742.30, respectively
FII OPEN INTEREST (Crs) Chg (Provisional). There were 6 advances against 44 declines on the index.
FII Index Futures 18691 -2.05% In the BSE sectoral space, IT up 0.03% remained the only gainer while Consumer
FII Index Options 52519 1.17% Durables down 6.21%, Realty down 4.63%, Healthcare down 3.66%, Metal down
3.22% and Bankex down 3.11% were the major laggards on the BSE sectoral space.
FII Stock Futures 32540 -4.27% The broader indices ended in the negative territory after a blood bath; the BSE Mid-
FII Stock Options 665 -0.97% cap index sank 4.30% while the Small-cap index plunged 5.74%. There were 306
advances against 2678 declines on the index. (Provisional)
World Indices Chg All Asian equity indices barring Shanghai Composite finished the day's trade in
Dow Jones 11370 -0.02% the positive terrain on Thursday on the back of positive global cues. Hang Seng
gained 79.28 points or 0.34% to 23,171.80, Jakarta Composite rose 16.10 points or
Nasdaq 2617 0.31%
0.43% to 3,786.10, KLSE Composite jumped 11.23 points or 0.74% to 1,521.29,
FTSE 100 5808 0.22% Nikkei 225 increased 53.55 points or 0.52% to 10,285.88, Straits Times advanced 7.40
points or 0.23% to 3,210.20, Seoul Composite surged 33.24 points or 1.70% to
Commodity Chg 1,988.96 and Taiwan Weighted added 50.05 points or 0.58% to 8,753.84. On the flip
Crude Oil (US$/bl) 91.0 -0.26% side, Shanghai Composite declined 37.60 points or 1.32% to 2,810.95.

Gold (US$/oz) 1391.0 0.19%

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
INFOSYSTCH 3145 3182.1 3141.15 3158 3131.15 0.86 991391
AXISBANK 1262.4 1299 1229.7 1260 1251.5 0.68 3133521
PNB 1179.95 1198 1155.1 1184.3 1180.35 0.33 266694
WIPRO 435 441.85 431 436.4 435.3 0.25 1532958
ITC 167.45 168.5 165.8 167.15 166.75 0.24 7392179

SCRIPS Open High Low Close Prev Close % Change Volume

RELINFRA 837.7 837.7 758 781.5 833.95 -6.29 1695597
SUZLON 50.5 50.75 47 47.3 50.35 -6.06 14525417
RCOM 131.1 131.1 120.4 122.2 129.5 -5.64 9781717
IDFC 174.85 175.15 164.25 164.9 174.55 -5.53 10354469
HINDALCO 222.1 223.05 207.65 210.75 222 -5.07 7719510
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Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
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Morning Notes
make more, for sure.
MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TECHNICAL GLIMPSE: The domestic equity markets continued their sluggish mood for yet another day and the major indices
suffered decline of more than two percent each, despite the strong global sentiments. The selling pressure got intensified in the last hour of
trade and the benchmarks breached their psychological levels of 5,750 (Nifty) and 19,200 (Sensex), though there was some pullback in last
minutes, but it was too little to help the markets to recover any firm ground.

FAVORED TOT UP: Remember we have said that range bound scenario between 5670-6070 could be more justified at this stage. Now
below 5800 current scenario seems to be little bit shaky at this stage as we are hoping double bottom formation near to 5670. Any drift below
this level may open the flood gates and possibility of reaching 5500-5550 could be on higher side.

VARIED TOT UP: On the flip side any technical bounce back form 5670-5690 could leap indices towards 6050-6070 where possibility of
profit booking couldn’t be rule out. For any major upside potential near to 6300 we believe spot index should close above 6070 for at least two
consecutive days with substantial volumes. 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 19200 19435 19242 19475 19630 R ang ebo und
N IF TY 5625 5680 5767 5810 5865 R ang ebo und

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

BANK NIFTY 10920 11085 11200 11470 11680 Rangebound
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Morning Notes
make more, for sure.

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

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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
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