Morning Notes 20.05.

2010

DATA MATRIX OF LAST SESSION MARKET INSIGHTS: On 19 May 2010, Germany's move to ban naked shorting of certain
financial instruments, including shares of ten German financial companies rattled world
INDEX Close Chg Chg% stocks, with the domestic bourses following suit. Banking, IT, metal, FMCG, consumer
Sensex 16408 -468 -2.77% durables and realty stocks declined. Index heavyweight Reliance Industries extended recent
Nifty 4919 -147 -2.90% sharp losses. The market breadth was weak. All the sectoral indices on BSE were in the red.
Midcap 6780 -177 -2.54% The BSE 30-share Sensex hit its lowest level in 2-1/2 months. The barometer index was
Smallcap 8588 -225 -2.55% provisionally down 460.03 points or 2.73%, up close to 40 points from the day's low and off
close to 385 points from the day's high. The S&P CNX Nifty fell below the psychological
5,000 level. Intraday volatility was high. The market recovered from lower after an initial
VALUE TRADED (Rs Crs) Chg% slide triggered by weak Asian stocks. The market weakened again later. The market once
BSE 4695 6.17% again recovered from lower level in morning trade. The intraday recovery proved short
NSE 15542 20.59% lived. A sell-off gripped the bourses in mid-afternoon trade as European stocks slumped
after Germany sharpened financial regulation. The Sensex hit 2-1/2 month low later.
F&O Total 136575 44.41%
As per provisional figures, the BSE 30-share Sensex was down 460.03 points or 2.73% to
NET INFLOWS (Rs Crs) Chg% 16,415.73. The Sensex fell 73.37 points at the day's high of 16802.39 in early trade. The index
fell 502.44 points at the day's low of 16,373.32 in late trade, its lowest since 26 February 2010.
FIIs -1383.9 215%
The S&P CNX Nifty was down 144.80 points or 2.86% to 4921.40 as per provisional figures.
DIIs 56.4 -83% The index hit a low of 4,908.15, its lowest since 26 February 2010. The BSE Mid-Cap index fell
2.62%. The BSE Small-Cap index fell 2.61%. Both the indices outperformed the Sensex. The
FII OPEN INTEREST (Crs) Chg% market breadth, indicating the overall health of the market, was weak. On BSE, 2246 shares
FII Index Futures 14052 0.02%
declined as compared to 601 shares that advanced. A total of 70 shares were unchanged.
FII Index Options 47801 -2.59% European stocks slumped after Germany's move to ban some naked shorting and
FII Stock Futures 29286 -1.99% German Chancellor Angela Merkel said the euro was in danger. Key indices in UK, France
FII Stock Options 1379 -0.15% and Germany fell by 2.36% to 2.97%. Asia shares dropped in volatile trade as investors
nervously eyed the euro's plunge to a fresh multi-year low against the US dollar and
assessed moves by German financial regulators to ban some types of short selling of euro-
World Indices Chg % zone securities. The key benchmark indices in China, Hong Kong, Japan, Indonesia, South
Dow Jones 10444 -0.62% Korea, Singapore and Taiwan fell by 0.27% to 3.69%.
Nasdaq 2298 -0.80% NEWS ROOM: India's largest private sector bank by net profit ICICI Bank slumped close to
FTSE 100 5158 -2.81% 7% after an in-principle approval for the merger of Bank of Rajasthan with ICICI Bank.
Shares of Bank of Rajasthan hit 20% upper circuit on a favourable swap ratio for the merger. .
Commodity Chg % FIIs have sold shares worth a net Rs 6326.62 crore this month, till 18 May 2010, according to
Crude Oil (US$/bl) 74.1 0.14% data from the stock exchanges.
Gold (US$/oz) 1196.8 -1.50%

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
HEROHONDA 1825 1867.8 1822.2 1865 1837.05 1.52 944127
TATAPOWER 1292 1313.8 1287.25 1310 1302.5 0.58 272158
BPCL 545 549.2 539.1 544.95 544.3 0.12 403345

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
IDEA 56.9 56.9 52.05 52.25 56.9 -8.17 9175080
TATAMOTORS 765 765 707.05 709.45 772.35 -8.14 8430562
STER 687 687 634.9 640 688.25 -6.84 4277456
RELCAPITAL 669.95 672.5 630.05 631.85 678.15 -6.83 1105382
UNITECH 75.25 75.25 70.4 71.05 76.25 -6.82 47763326

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Morning Notes

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 16030 16210 16408 16790 17050 Rangebound
NIFTY 4825 4860 4919 4960 5015 Rangebound

TECHNICAL VIEW: Well absolutely a ‘Bloodbath’ we have witnessed yesterday. Opened on a relative lower note
domestic indices shown some resistance near 5000 level till afternoon trade but heavy sell off and European concerns once
again succumbed spot index below 4950 ended up with substantial loss of more than 3% . For today’s session we expect quite a
weak scenario though next level of support could be near 4850-4860. As spot indices closes below 4950 in the last session, we
might expect some more negativity in upcoming sessions though possibility of bounce back from 4775-4800 shouldn’t be rule
out. Hence clients are advised to remain edgy at this stage and use ‘ BUY on DIP’strategy below 4800. HAPPY TRADING...

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

BANK NIFTY 8750 8980 9130 9350 9470 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

IMPEX FERRO 13.35 13 12.5 13.5 14 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

QUINTEGRA 9 8.75 8.5 9.25 9.5 Rangebound

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Morning Notes

INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

MAHINDRA FOR 97 99 101 96 95 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

ASHARAPURA 54.05 55 56 53 52 Rangebound

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Morning Notes

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