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MORNING REPORT
December 20, 2011 December 20, 2011 Markets are expected to to open on negative note mirroring trends in Markets are seen opening slightly up tracking positive Asian Markets are expected open on a a flat note tracking mixed cues weak regional markets on news lack given the uncertainties cues,fromthe upside may be limitedof any positive triggers. in but overseas markets and of Portugals credit rating being downgraded. Support @ 5649|| Eurozone, and impending Resistance @the home front. reforms on 5863. Support @ 5769|| Resistance @ 5933.

INDEX NIFTY NIFTY SENSEX SENSEX Hangseng Hang Seng NIKKEI NIKKEI US DJIA US DJIA

POINT 5862.7 5751.95 4613 19521.25 19136.6 15379 22965 22839.6

18168

Chg. Chg. +32 -47.8 -39 +116 -181.5 -112 -42 -37.6 +98 -5 +29.8 +43 -46 -95.28 -100

Support @ 4562 Resistance @ 4714

MARKETS ON YESTERDAY YESTERDAY MARKETS FRIDAY Morning Session: The markets slipped into startred after makingto trade in thethroughThe market gap down the and continued a positive start, tracking Opening Session: Markets had aopened negative and remained weak red taking the weak Asian markets and kept upside muted. out cues from the regional markets which were trading low and US markets which ended lower the session as international newsas the fears of the bribery scam had not left the on apprehensions investors minds. that the Ireland bailout package would afternoon session as marAfternoon Session: Volatility was seen during thenot stop the crisis from spreading to the rest of Europe. kets recoveredBenchmarkon short covering. their early loss based on buying in select slightly Mid Session: Closing Session: Benchmark indices recovered from markettheir days low and enteredand Session:levels and indices started in the green terrain once again covering huge The recovery seen recovering from was not maintained the stocks at lower the day inmarkets entered the near the high point of the day. the the red although the Mid market ended positive NEWS intraday low. ground from theon the back of better than expected second quarter GDP numbers which terrain MARKET 8.9%. stood atSession: Markets couldbill to digitalise recovery and closed the weekwould nega MEDIA: Parliament passes not sustain their cable television, saying it in the be Closing beneficial for all stakeholders, includingclose withthe andgains on a second consecuClosing Session: Indian markets managed on fears of steady cable operators. tive terrain mainly due to the panic sellingto consumers bribery scam also on cues from the weak global markets. MICROFINANCE: Microfinance companies came in during the to eventhough the tive day based on the robust GDP numbers thathave been allowedday,raise up to $10 mln in a financial year through. external commercial borrowings under the global cues were not so supportive MARKET NEWS route. automatic MARKET AND GAS: Government is considering a plan to cut duty on petrol and imOIL NEWS Bhushan Power & Steel to raise up to $700 mln via international listing. pose an additional tax on diesel-powered cars. State-owned MOIL Ltd's 33.6-mln-share issue subscribed 28.62 times at the end of Day 3. GMR Group inks deal to sell 50% stake in its overseas power company InterGen to China COAL INDIA: A Kolkata forum has filed a public interest litigation accusing the Huaneng Group for $1.23 bln. HCL TECHNOLOGIES: Has signed a profits" through frequent price rise in the lastUScompany of making "abnormal multi-year infrastructure management pact with based Purdue Pharma L.P. three years. OF INDIA fixes follow on public offer price band at Rs.135-140 per share. SHIPPING CORP FORTIS HEALTHCARE (INDIA): The companyDecember this to raise funds, and HINDUSTAN COPPER: Postpones plan for FPO from is on course year may launch it after close to theCONSTRUCTION COs subsidiary Lavasa Corp gets showHealthcare InternaHINDUSTAN takeover of Singapore-based group firm Fortis cause notice from EnviJan 15, 2011. ronment ministry for violation tional by December end. of green laws. KALPATARU POWERs Open offer for 20% in JMC PROJECTS to start Dec 8 andclose Dec 27. INDIAN INFOTECHNATURAL GAS CORP have joined hands with BPCL and IOC for foray OIL INDIA and OIL & & SOFTWARE: Board has approved 10-for-1 stock split. into city gas distribution.Has raised fears that Navi project cost estimated at 100 bln ruNEYVELI LIGNITE: To set up 2,000 MW unit in Kanpur; Mumbai airport project cost LARSEN & TOUBRO: pees,shoot up by 50 bln rupees due to Union Cabinet's nod to the Land Acquisiwill may be completed by 2014. MARKETSBill. tion TODAY SESA GOA: Will stop mining operations at Thakurani mine in Barbil, Orissa from Wednesday Key Asian indices are trading mixedshowcase Ssangyong Motor Co's vehicles for gains today, MAHINDRAexpiry of its existing contract. with Japan's Nikkei rising higher backed by the following the & MAHINDRA: To first time in India at the 11th Auto Expo to be held between Jan 7-11 in New in shares of exporters. Delhi. The Indian government's fiscal deficit fell 33.8% on year to 1.623 trln rupees during Apr-Oct, The SGX NIFTY is trading at 5779 down by 6.5 points. the first seven months of 2010-11. RELIANCE COMMUNICATIONS: Telecom ministry may issue demand notice of 5.57 mln rupees to Reliance Communications NIFTY SUPPORT AND RESISTANCE LEVELS FOR THE DAY and BHARTI AIRTEL for violating MARKETS TODAY

9931 10069.3 8339 11006 11092 11766

YESTERDAY VOLUMES
BSE CASH(Cr) BSE CASH(Cr) NSE CASH(Cr) NSE CASH(Cr) NSE F&O(Cr) NSE fF&O(Cr) TOTAL (Rs. Cr) TOTAL (Rs. Cr)
4,619.48 6,495.03 2,066.59 16388.94 22743.62 9283.38 139648.85 95419.91 131359.62 116,428.33 168,887.50

142,709.59

INSTITUTIONAL ACTIVITY
FII (Rs. Cr) FII (Rs. Cr) DII (Rs. Cr) DII (Rs. Cr)
+491.88 -628.77

-450.37
-199.85 959.41

18.6

PRECIOUS METALS
GOLD GOLD SILVER SILVER
Rs.22809 Rs. 20575 Rs.20405 Rs. 55107 Rs. 40840 Rs.43055

BASE METALS
NICKEL NICKEL COPPER COPPER Rs. 915.5 Rs. 1054.1 Rs 1030.6 Rs.Rs.388.75 Rs 378.1 377.9

COMMODITIES
CRUDE OIL CRUDE OIL NAT. GAS NAT. GAS RUBBER RUBBER PEPPER PEPPER Rs. Rs. 3861 4598 3924 Rs.186.8 Rs.193.5 Rs.204.2 RsRs20888 Rs.19504 . 19504 Rs.Rs .21790 Rs 21880 37100

in New Delhi area. Res:5788-5826-5863|| Sup:5714-5677-5649 Asian markets are trading in the red today as investors stay on the sidelines on news that MARKETS & Poor's may cut Portugal's credit ratings . Standard TODAY The SGX The SGX NIFTY is trading at 5879 down by 10 by 8 SECTOR ALERT NIFTY is trading at 4622 uppoints.points.
ASIA: Most Asian likely to allow FOR THEsector to import urea freely,after witnessNIFTY SUPPORT AND RESISTANCE LEVELS private DAY FERTILISERS: Government indices made steady gains in early trade but will peg the ing price in a sell-off on Monday as investors were locally, thus making death domestica heavy tight band around what it costs to produce urearelieved that the imports of North Korean premier Kim Jong-il has not led to any immediate conRes:5893-5913-5933|| Sup:5831-5800-5769 unviable. frontation between arch rivals North Korean and South Korea. F&O F&O NIFTY SUPPORT AND RESISTANCE LEVELSin the early session. It closed at 5886.9, Nifty December Futures regained its footing after losses FOR THE DAY Nifty December Futures closed a volatile session on Friday at 5778.15, with a premium of 26.2. with a premium of 24.2. We see that Open Interest 4596, 4579, 4562 and that future by 2.38% Supports 4634, 4661, 4714Resistances(OI) has increased future price has also deWe see that Open Interest (OI) has decreased by 3.87% and that price has also increased by 0.63%. We also see that premiums for the series have increased. This creased by 1.15%. This suggests a weak market with a bearish trend. indicates a positive consolidation in market. 1

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20th December, 2011

TECHNICAL OUTLOOK
Hedge Equities Ltd.
The S&P CNX Nifty has still trading A Hammer Candle is formed on daily the of days EMA which rebelowchart 100S&P CNX Nifty which indicates a reversal rally but mains a negative bias for the current confirm rally. with further closing of nifty. Oscillators Oscillator has closed in Stochastic like RSI has closed with oversold zone which indicates a sudnegative divergence trade. den surge in the market on account Overall, the market may expect a of short covering. negative bias until Nifty break up 5515 level. Nifty may expect to Over all, the short covering rally with the base Resistance 5494, 5512, 5531 & support of Nifty at 4556 range. Supports 5469, 5453, 5432. Resistance 4634, 4661, 4714 & Supports 4596, 4579, 4562.

R1 S1 S1

4634 5494 5469 4596

R2 S2 S2

4661 5512 5453 4579

R3 S3 S3

4714 5531 5432 4562

Events to watch today today Events to watch

Japan: Leading Economic Index US: Housing Starts

Corporate Actions update update Corporate Actions

Castrol India Limited : DIVIDEND: RS 8 INTERIM DIVIDEND Colgate Palmolive (India) Limited 2ND PER SHARE - RS.9/- PER SHARE

Nova Steel India Limited : ANNUAL GENERAL MEETING

IPO Updates IPO Updates

December 20, 2011

RESEARCH ASSISTANCE
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