Morning Note 05 June 2012

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DATA MATRIX OF LAST SESSION FIRST LIGHT HEADINGS

INDEX Close %Chg

Sensex 15988 0.14
Nifty 4848 0.12
Midcap 5809 -0.22
Smallcap 6180 -0.23

VALUE TRADED (Rs Crs) %Chg MARKET INSIGHT

BSE 1760 -6.08
On Monday 04 June 2012, Comments of 'elbow room of rate cut' of RBI by its deputy governor
NSE 8920 -0.30
provided a shot of Adrenaline for Indian equity markets, as this sharpened the expectation of
F& O Total 81583 2.26
rate cut in the upcoming RBI's monetary policy review on June 18,2012. Subir Gokarn, the
Total Volume 92263 1.83 deputy governor of the bank said that the Reserve Bank of India has some room to reduce policy
rates following moderate core inflation and decline in global oil prices. Reacting to this banking
NET INFLOWS (Rs Crs) %Chg
pivotal rose over half a percentage point to conclude above the 7,400 levels. However,
FIIs (637.1) 189.61
maximum gains were gathered by Capital Goods counter, closely followed by Realty and Oil &
DIIs 446.2 116.62 Gas stocks. Oil Marketing companies which in the morning deals were sulking on petrol rate
cut by Rs 2.50, were seen cheerful on reports of Brent crude oil prices dipping to 16 month low
FII OPEN INTEREST (Crs) %Chg
level, sub $100 per barrel mark. On the flip side, high beta, Consumer Durable (CD) and Metal
FII Index Futures 7801 9.20
counters along with defensive Fast moving Consumer Goods (FMCG), staggered at the bottom.
FII Index Options 35749 2.35
However, shares of fertilizer manufacturers gained ahead of arrival of the monsoon season, as
FII Stock Futures 20002 1.25 monsoon season generally boost demand for fertilizers. The Indian Meteorological Department
FII Stock Options 632 27.69 stated that the weather conditions are 'becoming favorable' for the arrival of monsoon rains
over the Kerala coast in 48 hours.
World Indices %Chg
Dow Jones 12101 -0.15 The BSE Sensex gained 42.65 points or 0.27% and settled at 16,007.81. The index touched a
high and a low of 16,012.84 and 15,748.98 respectively. 13 stocks advanced against 17 declining
Nasdaq 2760 0.44
ones on the index (Provisional).The BSE Mid-cap index lost 0.13% while Small-cap index was
FTSE 100 5260 0.00
down 0.12%. On the BSE Sectoral front, Capital Goods up 2.21%, Realty up 1.56%, Bankex up
Commodity %Chg 1.39%, Oil & Gas up 1.35% and Auto up 0.74% were the top gainers, while Consumer Durables
Crude (US$/bl) 84.9 -1.61 was down 2.93%, FMCG down 1.48%, Health Care down 0.56%, Metal down 0.49% and TECk
Gold (US$/oz) 1623.5 4.28 down 0.46% were the top losers.
India VIX, a gauge for market's short term expectation of volatility lost 4.37% at 25.60 from its
Top 5 Movers Close Price %Chg previous close of 26.77 on Friday. The S&P CNX Nifty gain 14.95 points or 0.31% to settle at
JPASSOCIAT 65.15 5.59 4,856.55. The index touched high and low of 4,858.30 and 4,770.35 respectively. 27 stocks
SIEMENS 674.1 4.6 advanced against 23 declining ones on the index. (Provisional).
BANKBARODA 683 3.77
Sentiments remained subdued in the Asian region for fourth consecutive day of trade and all the
LT 1,174.70 3.51 Asian counters snapped the day's trade in the negative terrain on Monday on concern of slowing
BPCL 718.2 3.41 global economic growth, triggered by poor US employment data. Meanwhile, Chinese market
tumbled over two and half a percent, as country's non-manufacturing industries expanded at the
Top 5 Loser Close Price %Chg
slowest pace in more than a year and the purchasing managers' index fell to 55.2 in May from 56.1 in
GAIL 320.1 -3.07
April. In addition, Hang Seng and Nikkei crumbled 2.01 percent and 1.71 percent respectively as
JINDALSTEL 417.45 -2.92 weak US data added to worries about Europe's deepening debt crisis, driving investors out of riskier
TATAPOWER 90.45 -2.85 assets. Moreover, Taiwan Weighted crashed about three percent hit by a regional sell-off on fears of a
SESAGOA 177.10 -2.45 global economic downturn.
ASIANPAINT 3,690.00 -2.38
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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

TODAY'S MARKET LEVELS

Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 15518 15777 15988 16179 16378 Rangebound
NIFTY 4738 4802 4848 4896 4941 Rangebound

QUANTITATIVE ANALYSIS: Barometer gauges of Indian markets staged surprising reversal of trade to end near the high point of the day.
Snapping three day's losing streak, frontline indices, recuperated from the sharp plunge on sustained buying activities near support levels at the
recent downtrend. Benchmark in early deals slumped near a five months low level on concerns of US and Chinese economy slowdown adding to
ongoing crisis in Europe that compelled investors to retract their gains. However, by the close of trade, 30 scrip sensitive index, marginally shied
away from the 16000 psychological level, while the 50 share index, Nifty, after bouncing into green, concluded above the 4850 bastion.
Conclusively we expect more downside in upcoming sessions however next level of support could be around 4680-4700. On the flip side any
consolidation around 4950-4970 level may create some slight possibility of bounce back though any rally would be used to create fresh
shorts.

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

BANKNIFTY 8860 9014 9360 9525 9642 Rangebound

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Morning Note
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