Morning Notes 23 AUG,10

MARKET INSIGHTS: On Friday Aug 20 2010, The key benchmark indices edged lower,
DATA MATRIX OF LAST SESSION
snapping two-day gains, as select pivotals fell on profit booking. Weak global stocks
INDEX Close Pts. Chg Chg
weighed on investor sentiment ahead of the weekend. European and Asian markets
Sensex 18402 -53 -0.29% declined on global economic worries. The BSE 30-share Sensex ended at 18401.82 down
Nifty 5531 -9 -0.16% 53.12 points or 0.29% and NSE 50-share Nifty closed at 5530.65 losing marginally 9.55 pints
Midcap 7821 -10 -0.13% or 0.17%. The market breadth was negative. Banking, IT, telecom and select auto stocks
Smallcap 9876 12 0.12% declined. But, realty shares rose. In the morning trade Sensex lost the ground but market
remained subdued in mid-afternoon trade as European stocks reversed initial gains and
VALUE TRADED (Rs Crs) Chg weakness persisted on the bourses in late trade.
BSE 5231 -0.72% European stocks declined on Friday, 20 August 2010, on grim US data that had brought
NSE 14197 -4.84% back fears of a double-dip recession at the forefront of investors' minds. The key benchmark
F&O Total 93077 -25.33% indices in France, UK and Germany fell by between 0.52% to 0.76%.

Asian markets fell on Friday, 20 August 2010, after US jobless claims unexpectedly
NET INFLOWS (Rs Crs) Chg increased and an index of manufacturing in the Philadelphia area slumped. Persistent yen
FIIs 662.9 -19% strength hurt Japanese exporters, while a fall in commodity prices hit resource stocks across
DIIs -102.2 -148% the region. The key benchmark indices in Japan, South Korea, Singapore, Hong Kong,
Taiwan and China were down by between 0.02% to 1.96%. However, Indonesia's Jakarta
FII OPEN INTEREST (Crs) Chg Composite index rose 0.40%. Chinese shares dropped after Beijing announced new property
tightening measures, with the Ministry of Land and Resources saying Thursday it will
FII Index Futures 18684 3.26%
reinforce its campaign to crack down on land hoarding and misuse by property developers.
FII Index Options 70416 4.26%
FII Stock Futures 39395 1.37%
NEWS ROOM: Asian Development Bank may raise inflation forecast for India at its next
FII Stock Options 2061 1.14%
Economic Outlook slated for 28 September 2010, depending on progress of the monsoon
rains. ADB has forecast an 8.2% GDP growth for 2010 and average inflation of 5% for the
World Indices Chg year. Data on 19 August 2010 showed the primary articles index rose 14.85% in the year to 7
Dow Jones 10214 -0.55% August 2010, lower than previous week's annual rise of 15.66%. The food price index rose
Nasdaq 2180 0.05% 10.35%, lower than previous week's annual rise of 11.4%, as prices of vegetables, potatoes
FTSE 100 5195 -0.31% and onions fell. The fuel price index rose 12.57%, lower than previous week's annual rise of
12.66%.
Commodity Chg The liquidity situation in the financial markets has improved, a senior Reserve Bank of India
(RBI) official said on Friday, 20 August 2010. The Reserve Bank of India (RBI) is also keeping
Crude Oil (US$/bl) 74.3 -1.55%
a close watch on the liquidity situation, said Janak Raj, an adviser at the RBI's monetary
Gold (US$/oz) 1229.9 -0.33% policy division.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
DLF 320.45 335 318.4 334 321.5 3.89 8990318
RANBAXY 473.25 499.8 473.25 491.15 476.35 3.11 2542779
LT 1825 1874.9 1810 1870.85 1818.4 2.88 1893328
BPCL 687 705.7 675.95 693.8 676.55 2.55 1773712
CIPLA 305 312.9 304.75 310.4 304.5 1.94 2355601

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
TATAMOTORS 1028.7 1038 1012.85 1014 1040.45 -2.54 3991898
ICICIBANK 1005.55 1009.95 991.6 992.1 1013 -2.06 2514532
HINDUNILVR 275 275 268.05 268.55 274.05 -2.01 974087
AMBUJACEM 126.45 128.4 119.75 122.1 124.45 -1.89 3732826
WIPRO 419.7 419.7 411 411.85 419.55 -1.84 562552

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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 18080 18190 18402 18660 18800 Rangebound
NIFTY 5470 5505 5531 5565 5595 Rangebound

TECHNICAL VIEW: Well quite an dull session we have witnessed yesterday. Opened on a negative bias, domestic
indices once again manage to close above the psychological level of 5500. Any successful closing for at least another two
sessions will confirm the new leg of this euphoria and we might see some more upside near to 5600-5630 though possibility of
profit booking can’t be rule out. Moreover we still intact on our previous view of 5340-5350 as a major support zone on closing
basis. Hence traders and investors are advise to maintain cautiously optimistic approach and use ‘Buy on Dip ‘ strategy for the
upcoming sessions. HAPPY TRADING....

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

BANK NIFTY 10700 10850 11020 11170 11320 Rangebound
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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

ESSELPACK 49.35 48.5 48.2 49.5 50.5 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

EXIDE 147.6 146 144 148 150 Rangebound

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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

FINLOX 62.35 62 61 63 64 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

PTL 47.1 48 50 46 45 Rangebound
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Morning Notes

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