Morning Notes 19.04.

2010

DATA MATRIX OF LAST SESSION MARKET INSIGHTS: On April 16, 2010, The key benchmark indices edged lower in
volatile trade as an imminent hike in key short-term interest rates by the Reserve Bank of
INDEX Close Chg Chg%
India (RBI) at a policy review next week weighed on investor sentiment. Stocks fell for the
Sensex 17591 -48 -0.27% fourth straight trading session. In global cues, European stocks turned positive from
Nifty 5262 -12 -0.23% negative and US index futures were off lows. Earlier, Asian stocks edged lower. The BSE 30-
Midcap 7023 -19 -0.27% share Sensex was provisionally down 68.71 points or 0.39%, off close to 95 points from the
Smallcap 9017 -17 -0.19% day's high and up close to 40 points from the day's low. The market breadth was weak.
Intraday volatility was immense. Stocks cut losses soon after an initial slide caused by weak
Asian stocks. The market weakened shortly with the Sensex hitting a fresh intraday low in
VALUE TRADED (Rs Crs) Chg% early trade. The market bounced back from lower level in morning trade. The market
BSE 4477 -7.48% slipped into the red once again after briefly regaining positive zone in mid-morning trade
NSE 12599 -18.16% when it hit a fresh intraday high. The market moved in a range in early afternoon trade.
F&O Total 75830 2.87%
!The BSE 30-share Sensex was down 48 points or 0.27% to 17,591 as per closing figures.
The index fell 109.71 points at the day's low of 17,529.55 in early trade. The Sensex rose 24.73
NET INFLOWS (Rs Crs) Chg% points at the day's high of 17,663.99 in mid-afternoon trade. The S&P CNX Nifty was down
FIIs 243 143.73% 12 points or 0.23% to 5262 as per last figures. BSE clocked turnover of Rs 4087 crore, lower
DIIs -189 145.87% than Rs 4838.39 crore on Thursday, 15 April 2010.
!Reliance Industries (RIL) edged lower in volatile trade. Another index heavyweight
FII OPEN INTEREST (Crs) Chg% ICICI Bank came off the day's high. Realty stocks fell on fears of interest rate hike by the
Reserve Bank of India (RBI) next week. Auto, IT and telecom stocks also fell. Capital goods
FII Index Futures 14410 4.03%
stocks were mixed. However, FMCG stocks gained on defensive buying as the Sensex fell for
FII Index Options 39699 0.61%
the fourth day in a row.
FII Stock Futures 29989 0.34% !European shares turned positive from negative on Friday as industrials gained after
FII Stock Options 974 1.83% SKF results beat expectations and banks recovered from earlier falls. The key benchmark
indices in UK, France and Germany were up by 0.05% to 0.19%. Asian stocks retreated from
World Indices Chg % 22-month highs on Friday as fresh doubts about the US economic recovery and Greece's
rescue package prompted profit taking. The key benchmark indices in China, Hong Kong,
Dow Jones 11019 -1.13%
Indonesia, Japan, Singapore, South Korea and Taiwan fell by 0.24% to 1.52%.
Nasdaq 2481 -1.38%
NEWS ROOM: The Reserve Bank of India is seen raising key short term interest rates by
FTSE 100 5744 -1.39%
25 to 50 basis points at a policy review on Tuesday, 20 April 2010. The central bank is also
Commodity Chg % expected to raise the cash reserve ratio to suck out excess liquidity from the banking system.
Meanwhile Good rains this year after last year's drought will boost farm output and rural
Crude Oil (US$/bl) 86.0 -1.34%
incomes. But another monsoon failure will add to inflationary pressure which in turn may
Gold (US$/oz) 1138 -1.51% hamper the current strong economic rebound.

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
ITC 260.1 269.85 260.1 269 262.75 2.38 2955418
GAIL 406 411 402.35 410 402.95 1.75 2892230
ABB 834 851 832 846 833.95 1.44 330180
TATASTEEL 684 698.3 676 695.05 686.1 1.3 4318168
TATAMOTORS 775 789.45 774.3 784.55 775.35 1.19 3366696

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
KOTAKBANK 740 740 723 723.6 745.05 -2.88 967348
IDEA 68.9 68.9 67 67 68.8 -2.62 2300728
DLF 336.1 337.6 324.1 330 338 -2.37 9160602
JPASSOCIAT 152.2 152.85 146.5 148.2 151.55 -2.21 7947478
M&M 511 513.75 500 500.5 510.8 -2.02 2342006

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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 17200 17470 17591 17850 18090 Rangebound
NIFTY 5170 5230 5262 5315 5355 Rangebound

TECHNICAL VIEW: once again a weak session we have gone through on last Friday . Opened on a relatively moderate
note, spot index once again shown some tiredness around 5270-5280 levels and drifted below 5250 though mild recovery in late
hours once again leap indices from the day’s low. For today’s session we expect moderate scenario with range bound trading
between 5230-5330. Any drift below 5230 level may further spoils the traders sentiment though possibility of consolidation
near 5130-5140 levels can’t be rule out. On the other hand Bank nifty also shows sign of negative divergence. Any drift below
9150-9200 further diminish the investors sentiment and we might see 9000 level in a short span of time where some sort of
materialistic support should arises. HAPPY TRADING....

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

BANK NIFTY 9000 9150 9365 9575 9750 Rangebound

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 INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

TIMES GUARN 111.7 111 109 113 115 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

AXIS IT 74.1 74 72 76 78 Rangebound
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 TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SICAGEN 19.25 19 18.5 19.5 20.5 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

JIK IND 15.1 15.25 15.5 14.5 14 Rangebound
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Morning Notes

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