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MORNING NOTE 06 JAN 2011

DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

INDEX Close Chg Chg Modern Tube Industries files DRHP for Initial Public Offer
Sensex 20301 -198 -0.97% Nelcast board to consider special dividend
Nifty 6080 -66 -1.07% Anand Electric gets approval to change its name to 'Anand Products'
Midcap 7753 -100 -1.27% BPCL grants 3 more months to Kingfisher Airlines to clear Rs 220 crore dues
Smallcap 9740 -101 -1.03% Pasupati Acrylon to consider increase in authorized share capital
Spanish Industrial Production recoils to grow 2.7% in November
VALUE TRADED (Rs Crs) Chg Services PMI softens too in Dec, but remains strong
BSE 4076 -6.06% Axis-IT&T to dilute its shareholding in its subsidiary to 51.10%
NSE 13088 -8.95%
F&O Total 96562 -3.62%
MARKET INSIGHT
NET INFLOWS (Rs Crs) Chg On Wednesday Jan 05 2010, The domestic equity markets once again witnessed a very
FIIs (240) -133% volatile session on Wednesday and the benchmarks continued their consolidation mood
paring most of their pre-new year week's gains, tracking the sluggish global market cues.
DIIs (102) -79%
While the US markets closed mixed overnight, the major Asian markets too reversed most of
their previous day's gains. Back home, all the rate sensitive sectors dragged the markets
FII OPEN INTEREST (Crs) Chg
lower and the benchmarks closed with cut of about a percent. Earlier, the local share market
FII Index Futures 12626 -2.28% started on a flat note with positive bias but could not hold on to the gain and dipped in red in
FII Index Options 37190 4.38% the very starting after which there wasn't any sign of recovery whole day amid the
FII Stock Futures 34843 -0.65% unsupportive global markets. Till the mid noon session the trade remained range bound
FII Stock Options 398 18.41% with benchmarks gyrating near their psychological levels of 20400 (Sensex) and 6100 (Nifty)
but the lower start of the European markets pressed the panic button and the markets
World Indices Chg witnessed a sharp decline in the late noon session, however there was some recovery in the
late hours that helped markets to pare some of their losses but still it was too little to make any
Dow Jones 11722 0.26%
major difference to the markets in peril.
Nasdaq 2702 0.77%
FTSE 100 6044 0.50% The BSE Sensex closed at 20,301.10 down by 197.62 or 0.96% from its previous close
(Provisional).It touched a high and a low of 20,509.95 and 20,243.95 respectively.
Commodity Chg Advances and declines on the index were in the ratio of 12:18, while no shares remain
Crude Oil (US$/bl) 95.3 2.11% unchanged. The S&P CNX Nifty settled at 6,078.45 down by 67.90 points or 1.10% from
Gold (US$/oz) 1375.9 -0.40% its previous close (Provisional).It touched a high and a low of 6,141.35 and 6,062.35,
respectively. There were 12 advances against 38 declines on the index (Provisional).
Top Movers Close Price Chg
In the BSE sectoral space, only sectors that were spared included Fast Moving
HCLTECH 473.6 2.7 Consumer Goods up by 0.82%, and Information Technology up by 0.36%. On the other
SESAGOA 343 2.14 hand, sectors that took most of the beating on the BSE sectoral space included Bankex
HINDUNILVR 326 1.59 down by 2.23%, Auto down by 2.16%, Realty down by 2.11%, Capital Goods down by
ITC 180.2 1.52 1.67% and Public Sector Undertaking down by 1.08%.
GAIL 527.9 1.4
Asian markets finished the day's trade on a mixed note on Wednesday. Hang Seng rose
89.34 points or 0.38% to 23,757.82, Jakarta Composite increased 23.65 points or 0.63% to
Top Losers Close Price Chg
3,783.71, KLSE Composite jumped 14.28 points or 0.92% to 1,566.17 and Straits Times
HEROHONDA 1897.3 -4.15 was up by 3.96 points or 0.12% to 3,254.25. On the flip side, Shanghai Composite shed
DLF 281.2 -3.58 14.06 points or 0.49% to 2,838.59, Nikkei 225 slipped 17.33 points or 0.17% to 10,380.77,
IDFC 172.9 -3.52 Seoul Composite was down 2.59 points or 0.12% to 2,082.55 and Taiwan Weighted fell
BAJAJ-AUTO 1380 -3.48 150.88 points or 1.68% to 8,846.31.
HDFC 707.05 -3.38

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

TECHNICALLY SPEAKING: The domestic equity markets once again witnessed a very volatile session on Wednesday and the
benchmarks continued their consolidation mood paring most of their pre-new year week's gains, tracking the sluggish global market cues.
While the US markets closed mixed overnight, the major Asian markets too reversed most of their previous day's gains.

FAVORED SCENARIO: First sign of retracement we have saw in yesterday’ session with good volumes. Remember we have said that
6200-6230 might be the crucial ress zone. Exactly to our expectation spot index shown some profit booking on higher levels, keeps momentum
squeezing day by day. Technically entire rally from 5700-6200 took 16 trading sessions. Applying Fibonacci theory, we are expecting at least
1/3 correction of this rally with crucial support at around 6000 level.

VARIED SCENARIO: On the flip side any bounce back from current levels may reap indices towards 62000 level where we might see
some sort of consolidation. Any break out above this may generate some suggestive buying opportunities though 6360-6370 might be the
next ress zone. 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 19810 20050 20301 20645 20860 R ang ebo und
N IF TY 6005 6045 6080 6130 6195 R ang ebo und

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

BANK NIFTY 11045 11205 11370 11660 11780 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

BS TRANSPORT 147.5 145 142 148 151 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

JINDAL SAW 209 205 200 210 215 Rangebound
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Morning Notes
make more, for sure.
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

BIL 89.1 86 83 89 92 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

SURANA 275 280 290 270 260 Rangebound

Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
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Morning Notes
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NAME DESIGNATION E-MAIL

Varun Gupta Head - Research [email protected]
Pashupati Nath Jha Research Analyst [email protected]
Vikram Singh Research Analyst [email protected]

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