Morning Note

21 Oct 2013

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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 20883 6189 5895 5738 %Chg 2.29 2.37 0.99 0.67

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 2091 12352 167558 182001

%Chg
8.06 1.67 18.77 17.30

MARKET INSIGHT
On October 18 Oct 2013, The secular move of the bourses at Dalal Street, were led by stocks from

NET INFLOWS (Rs Crs)

FIIs DIIs 1753.0 (568.0)

%Chg
57.94 -50.57

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 14647.58 60095.35 28142.98 2824.29

%Chg
-2.73 0.27 2.47 2.14

World Indices
Dow Jones Nasdaq FTSE 100 15399 3914 6623

%Chg
0.18 1.32 0.71

Banking, Metal and Capital Goods counters. Banking stocks rallied on anticipation that Reserve Bank of India would increase the cap of the amount that banks' could borrow through repo window in its upcoming monetary policy review on October 29. Meanwhile, metal stocks shine in trade after China's economy, the world's largest consumer of copper and aluminum, registered better than expected GDP growth. Further, PSU OMC's stocks were in demand after Rupee's appreciated to two week high level in early deals on account of broad dollar losses against the basket of major currencies, while Aviation stocks hogged limelight on account of weak crude and strong rupee. In across the board rally, none of the sectoral indices ended in red. However, Indian currency witnessed an intra-day reversal of trend after reports suggested Reserve Bank of India (RBI) considering closing the dollar swap window offered to oil companies. Nevertheless, the market breadth on the BSE ended positive; advances and declining stocks were in a ratio of 1402: 1082, while 167 scrips remained unchanged. On the global front, optimism witnessed on account of China's quickening growth, just a day after US. Legislators' finally broke a confidence-sapping fiscal impasse, also spilled across European markets which were trading with modest gains. China's economy grew 7.8% in the third quarter, its fastest pace this year and in line with expectations, as firmer foreign and domestic demand lifted factory production and retail sales. a high and a low of 20932.23 and 20486.78 respectively. Among the 30-share Sensex, 27 stocks gained, while 3 stocks declined. The BSE Mid cap and Small cap indices ended higher by 1.02% and 0.71% respectively. On the BSE Sectoral front, Bankex up by 3.88%, Metal up by 3.24%, Realty up by 2.94%, Capital Goods up by 2.92% and FMCG up by 1.93% were the top gainers, while there were no losers. (Provisional) from its previous close of 21.06 on Thursday. The CNX Nifty gained 135.85 points or 2.25% to settle at 6,181.70. The index touched high and low of 6,201.45 and 6,070.90 respectively. Out of the 50 stocks on the Nifty, 49 ended in the green, while 1 ended in the red. following a batch of economic data from China that were roughly in line with expectations. While Chinese data showed the economy grew at its fastest clip of the year in the third quarter, more recent statistics for September suggested a mild slowdown is now underway. China's gross domestic product was 7.8% higher in the July-September quarter compared to a year earlier.

Commodity
Crude (US$/bl)

%Chg
101.0 1313.0 0.20 -0.44

Gold (US$/oz) Top 5 Movers INDUSINDBK TATASTEEL SSLT AXISBANK JPASSOCIAT

Close Price
414 329 195.2 1,157.15 47.05

%Chg
6.39 6.09 5.97 5.55 5.14

Top 5 Loser
BAJAJ-AUTO

Close Price
2,152.95

%Chg
-0.02

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: It turned out to be an exuberant session of trade, wherein BSE's Sensex, rose to its highest level since November 2010, while NSE's Nifty marked its highest level in nearly five months and settled just shy of 6,200 levels, with gains of over one and half a percent. Markets after getting flat start clinched substantial ground to settle near day's highest point. Positive global cues on hopes that the potential damage to the US economy from the long government shutdown would discourage the Federal Reserve from scaling back its stimulus programme at least until the beginning of next year, bolstered risk appetite for emerging market's assets class such as equities. For the week Sensex and Nifty gained over one and half a percent. Meanwhile, on the broader indices front, CNX Midcap index gained 0.10%, BSE Smallcap index added close to 0.30% for the week. For the upcoming sessions spot index may continue its range bound journey however 6230-6260 could be the near term resistance zone. Any substantial break out above this range with decisive volumes may further strengthens the current sentiment and we might se 6360-6390 in a short span of time. On the flip side any spiral selling below 5860-5830 may attract some bears and we might see 5630-5650 though any correction could be used as a decent opportunity to go long.....

Index
SENSEX NIFTY BANK NIFTY

Support 2
20470 6102 10202

Support 1
20605 6145 10405

Previous Close
20883 6189 10794

Resistance 1
20998 6244 10905

Resistance 2
21215 6296 11212

Trend
Rangebound Rangebound Rangebound

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Morning Note
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NAME
Varun Gupta Mohit Taneja

DESIGNATION
Head - Research Research Analyst

E-MAIL
varungupta@moneysukh.com

mohit.t@moneysukh.com

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Please refer to important disclosures at the end of this report

For Private circulation Only

For Our Clients Only

Mansukh Securities and Finance Ltd

Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar, New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710, Email: research@moneysukh.com, Website: www.moneysukh.com

SEBI Regn No. INB010985834 / 010985834 NSE: INB230781431 SEBI Reg.No: BSE: INBBSE: 010985834, F&O: INF PMS Regn No. INP000002387 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293