Morning Notes 16 July 2010

MARKET INSIGHTS: On Thursday, July 15 2010, The key benchmark indices declined in
DATA MATRIX OF LAST SESSION
choppy trade, mimicking volatile European stocks. Reports that rains were 24% below
INDEX Close Chg Chg normal in the week to 14 July 2010, also weighed on sentiments. The market breadth was
Sensex 17909 -29 -0.16% negative in contrast to a strong breadth witnessed earlier in the day.. FMCG and IT stocks
Nifty 5378 -8 -0.15% rose. But, capital goods and realty stocks fell. Auto stocks were mixed. After initial
Midcap 7365 10 0.14% volatility, the market moved in a range in morning trade. The market came off lows in mid-
morning trade. But, the intraday recovery proved short-lived - the market weakened in
Smallcap 9381 11 0.12%
early afternoon trade. Selling intensified in afternoon trade as European markets opened
lower. The Sensex hit a fresh intraday low in afternoon trade. The market came off the lower
VALUE TRADED (Rs Crs) Chg level later. The market recovered sharply and regained positive territory in mid-afternoon
BSE 4321 -11.58% trade as European stocks recovered. The market once again slipped into the red later. In the
NSE 12969 -15.06% futures & options segment, the lower exposure margin requirement for stock derivatives
F&O Total 79096 -6.85% has become effective today, 15 July 2010.

As per provisional figures, the BSE 30-share Sensex was down 21.82 points or 0.12% at
NET INFLOWS (Rs Crs) Chg 17,916.34. The Sensex rose 40.40 points at the day's high of 17978.56 in early trade. The index
FIIs 365.0 -36% fell 79.43 points at the day's low 17,858.73 in afternoon trade. The S&P CNX Nifty was
DIIs -588.0 77% down 5.40 points or 0.1% at 5,380.75 as per provisional figures. The BSE Mid-Cap index
rose 0.18%. The BSE Small-Cap index rose 0.16%. Both these indices outperformed the
FII OPEN INTEREST (Crs) Chg Sensex.
FII Index Futures 17243 1.55% European equities swung between gains and losses on Thursday, 15 July 2010, as
FII Index Options 53790 2.24% investors weighed relatively strong company earnings against worries about a slowdown
FII Stock Futures 31970 1.64% in China's economic growth.. The key benchmark indices in UK and France were down by
0.06% to 0.34%. Germany's DAX rose 0.03%. Asian stocks fell on Thursday, 15 July 2010,
FII Stock Options 1553 3.03%
with a mixed lead from Wall Street and data showing further cooling in the Chinese
economy weighing on shares. The key benchmark indices in China, Singapore, Hong Kong,
World Indices Chg Indonesia, Taiwan, Japan and South Korea fell by 0.13% to 1.87%.
Dow Jones 10359 -0.08%
NEWS ROOM: On the macro front, the latest data showed that the fuel price index rose
Nasdaq 2249 -0.04%
14.27% in the year to 3 July 2010 and the food price index climbed 12.81%. Fuel price
FTSE 100 5211 -0.82% inflation eased from the previous week's annual rise of 18.02% while the pace of food price
inflation edged up marginally from last week's 12.63%. Food inflation edged up because of
Commodity Chg higher rice and wheat prices. The primary articles index was up 16.25% compared with the
Crude Oil (US$/bl) 76.0 -0.81% previous week's reading of 16.08%.
Gold (US$/oz) 1208 -0.48%

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
AXISBANK 1350 1355.5 1315.6 1347 1314.45 2.48 3188853
RELCAPITAL 788 807.3 782 800.9 784.1 2.14 3285727
HINDUNILVR 258.75 264 257.6 262.85 257.6 2.04 1134558
SAIL 197 202 194.85 200.7 197.2 1.77 4096600
KOTAKBANK 758 767.5 753.4 766.5 754.9 1.54 991327

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
BPCL 704 704 647.55 659.55 700.55 -5.85 4729390
GAIL 460.2 463.95 445.25 447.55 459.2 -2.54 1738838
UNITECH 82.9 83.45 81.1 81.85 83.35 -1.8 26667050
RCOM 186.4 186.4 183.1 183.35 186.4 -1.64 3217228
ONGC 1263 1270.85 1232.05 1238.7 1258.5 -1.57 1350063

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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 17380 17640 17909 18160 18330 Rangebound
NIFTY 5280 5345 5378 5420 5460 Rangebound

TECHNICAL VIEW: For today’s session we continue our previous approach of a range bound scenario between 5345-
5430 though sentiments seems to be little bit pressurized. Moreover even we have manages to cross 5400 in a couple of sessions
back but we believe confirmation of more upside still remain cloudy. Last session being the conservative one as spot index
being traded in a narrow range below 5400. Hence until and unless spot index wouldn’t be closed above 5420 for at least to
consecutive days ,more upside near to 5500 remain away from the cards. Therefore traders are advised to book profits on such
rally and wait for a decent correction to re-enter. On the flip side 5200 still act as a crucial support in near term where traders
might see some turnaround. HAPPY TRADING....

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

BANK NIFTY 9630 9750 9945 10060 10185 Rangebound

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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

HIRECT 67.5 67 66 68 69 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

RAJVIR 114.8 113.5 112 115.5 117 Rangebound

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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SANGHI POL 3.3 3 2.5 3.8 4.1 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

SPIC 21.7 22 23 21 20.5 Rangebound
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Morning Notes

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