Morning Notes 28 July

MARKET INSIGHTS: On Tuesday July 27, 2010, the Key benchmark indices ended a tad
DATA MATRIX OF LAST SESSION
higher as firm European stocks and higher US index futures helped the market shrug off a
INDEX Close Pts. Chg Chg rate hike from the Reserve Bank of India (RBI) at a quarterly monetary policy review. The
Sensex 18078 58 0.32% BSE 30-share Sensex closed at 18077.61 up 57.56 points or 0.32% and NSE 50-share Nifty
Nifty 5431 12 0.22% ended at 5430.60 up 12 points or 0.22% from previous day's close. The market breadth was
Midcap 7382 20 0.27% negative. Auto stocks saw an across the board rally with Bajaj Auto striking a record high.
Banking stocks edged higher, rebounding from the days' lows. IT pivotals gained following
Smallcap 9360 -3 -0.03%
upbeat new home sales data in US. Index heavy weight Reliance Industries was almost
unchanged ahead of its Q1 June 2010 results later in the day.
VALUE TRADED (Rs Crs) Chg
BSE 4086 9.78% Bank stocks lead rally in European equities after the Basel Committee on Banking
NSE 13367 12.75% Supervision, late on Monday, 26 July 2010, reached an agreement to amend some of its
F&O Total 114889 18.54% capital and funding reform proposals for the banking sector. The key benchmark
indices in France, Germany and UK rose by between 0.38% to 0.86%.
NET INFLOWS (Rs Crs) Chg Asian markets were trading mixed today, 27 July 2010. The key benchmark indices in
FIIs -22.0 -111% Singapore, Hong Kong, and Indonesia were up by between 0.42% to 0.64%. The key
DIIs -222.0 -69% benchmark indices in Japan, China, South Korea and Taiwan were down by between
0.04% and 0.51%.
FII OPEN INTEREST (Crs) Chg
US stocks extended gains on Monday, 26 July 2010, as sentiment was boosted by a
FII Index Futures 17851 8.68% surge in new home sales and higher company earnings. The Dow Jones Industrial
FII Index Options 62374 1.91% Average jumped 100.81 points, or 0.97%, to a two-month high of 10,525.43. The Nasdaq
FII Stock Futures 35108 -0.15% composite index gained 26.96 points, or 1.19%, to 2,296.43, while S&P 500 index added
FII Stock Options 1614 -2.64% 12.35 points, or 1.12%, to 1,115.01.

NEWS ROOM: On Tuesday 27 July 2010, the Reserve Bank of India (RBI) at its Q1 monetary
World Indices Chg
policy raised its key interest rates for the fourth time this year to curb surging inflation. The
Dow Jones 10538 0.12% central bank also raised its economic growth and inflation forecasts. The RBI hiked repo rate
Nasdaq 2288 -0.35% by 25 basis points to 5.75% and the reverse repo rate by 50 basis points to 4.50% with
FTSE 100 5366 0.28% immediate effect. The central bank kept cash reserve ratio (CRR) unchanged at 6%. Cash
reserve ratio is the amount of deposits that a bank must set aside with RBI. While the quarter-
Commodity Chg point increase in repo rate was in line with expectations, the half-point rise in the reverse
Crude Oil (US$/bl) 76.0 -1.82% repo rate was twice what the market expected. Repo rate is the rate at which banks borrow
from RBI. Reverse repo rate is the rate at which RBI borrows money from banks.
Gold (US$/oz) 1163 -1.75%

INDEX TOP MOVERS

SCRIPS Open High Low Close Prev Close % Change Volume
M&M 625 642.65 619.2 640.4 620.5 3.21 2042294
HEROHONDA 1810 1901.9 1805.1 1862.25 1804.3 3.21 1804646
ACC 826 849.9 820 848.95 824.05 3.02 637385
AMBUJACEM 116.5 119.8 115.85 119.75 116.35 2.92 3480674
TATAMOTORS 821 847.95 821 844.85 821.2 2.88 2878161

INDEX TOP SHAKERS

SCRIPS Open High Low Close Prev Close % Change Volume
ABB 830 852 798.25 802 827.3 -3.06 684583
LT 1930 1930 1845.1 1862 1919.95 -3.02 4507883
GAIL 453.5 456.6 446.35 450.25 456.7 -1.41 1380791
BHEL 2472 2474.7 2432.2 2442 2471.35 -1.19 410029
AXISBANK 1387 1395.95 1368 1371.7 1385.85 -1.02 1626816

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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 17760 17910 18078 18228 18380 Rangebound
NIFTY 5360 5390 5430 5480 5510 Rangebound

TECHNICAL VIEW: Currently Nifty is trading in the range of 5400-5500 level, shows resistance around
5480 level and can not manage to close above this level. Therefore traders are advised to book profits near 5480-5500
and wait for a decent correction to re-enter. On the flip side we still maintain our previous approach of 5360 as intra
day support for any down swing. Any drift below this level may dampens the current Euphoria however 5225 could
be the next comfort level where we might see some bounce back. HAPPY TRADING....

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

BANK NIFTY 9750 9930 10084 10205 10360 Rangebound

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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

XPRO INDIA 45.8 44.5 43 46 47.5 Rangebound

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

PIONEER 29.8 28.5 29 30 30.5 Rangebound

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Morning Notes
INTRA DAY TECHNICAL RECOMMENDATIONS

Scrip CMP Buy Near Stop Loss Target 1 Target 2 Trend

SPENTEX 14.7 14.5 14 15 15.5 Rangebound

Scrip CMP Sell Near Stop Loss Target 1 Target 2 Trend

CENTURY ENKA 216.2 220 225 215 210 Rangebound
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Morning Notes

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