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					MORNING NOTE                                                                                                                              15 November 2011

Indian Indices                                                                          Market Commentary
                                                            %                 %
Index                          Current Value                1D               YTD        The markets opened up on strong note following optimistic news flow from
Sensex                              17119                 (0.43)           (16.53)      the Euro-zone, however in the late trading session lost all gains, with
Nifty                                 5148                (0.40)           (16.08)
                                                                                        Wholesale Price Index (WPI) rising to 9.73% and disappointing quarterly
BSE - Mid Cap                         6064                (1.60)           (22.29)
                                                                                        numbers of heavyweights Mahindra & Mahindra and Tata Motors.
BSE - Sml Cap                         6645                (1.76)           (31.28)
SGX Nifty Fut                         5120                (0.58)           (16.94)
                                                                                        Among sectoral indices, Auto(2.18%), Realty (2.62%) Metal (2.07%) were
Sectors –Performance
Auto                                  8957                (1.99)           (12.49)      major draggers. Among Sensex stocks, Bharti Airtel (2.48%), Hero Honda
Bankex                              10651                 (0.33)           (20.39)      (1.67%) and HDFC Bank (1.45%) were the gainers while M&M (5.73%), Tata
Capital Goods                       10500                 (1.05)           (31.89)
                                                                                        Steel (4.03%), Maruti Suzuki (2.96%) and SBI (2.48%) were the major losers.
Con. Durables                         6257                (2.06)            (1.58)
                                                                                        The Sensex lost 74 points or (0.43%) to close at 17,119 while Nifty lost 20
FMCG                                  4221                (0.32)            14.57
Healthcare                            6074                 0.45             (9.80)      points or (0.40%) to close at 5,148 points.
IT                                    5783                 0.68            (15.26)
Metal                               11027                 (2.16)           (37.33)      Total traded turnover stood at Rs 114323 cr. In equities FIIs were net buyers of
Oil & Gas                             8829                (0.91)           (16.72)
                                                                                        Rs 321 cr, while DIIs were net sellers of (Rs 9.3 cr). On the derivatives side,
PSU                                   7237                (1.32)           (23.51)
Power                                 2135                (1.86)           (28.58)      FIIs were net buyers for Index Futures (Rs 521cr), net sellers in Index
Realty                                1763                (2.56)           (38.26)      Options (Rs 89 cr), Stock Futures (Rs 90 cr) and Stock Options (Rs 1.22
Teck                                  3518                 0.76            (13.07)      cr).
IPO                                   1523                (1.67)           (21.92)

Global Indices                                                                          The European markets erased earlier gains on the release of industrial
                                                            %                 %
                                                                                        production data; Germany, France and Italy showed significant contraction in
Index                          Current Value                1D               YTD
Dow Jones                           12079                 (0.61)             4.33       output.The US market remained weak amidst rising borrowing cost of Italian
Dow Futures                         12057                 (0.02)             6.34       bonds, and the statement made by German Chancellor to offer Euro states a
Nasdaq                                2657                (0.80)             0.16       voluntary means of leaving currency area. Dow Jones industrial average lost 74
DAX                                   5985                (1.19)           (13.44)
                                                                                        points or 0.61% to close at 12,079 while NASDAQ lost 21 points, or 0.80%, to
Nikkei 225                            8567                (0.42)           (16.24)
FTSE 100                              5519                (0.47)            (6.46)      close at 2,657
Hang Seng                           19328                 (0.92)           (16.09)
Shanghai A Sha                        2521                (0.32)           (10.24)      The Asian markets are trading lower with lack of clarity in the fiscal reforms in
Bovespa                             58258                 (0.49)           (15.94)
                                                                                        the Euro zone, Nikkei is trading lower by 0.42% while Hang Seng is currently
Strait Times                          2821                (0.33)           (11.57)
                                                                                        trading lower by 0.92%.
FII Trading activities in Cas h
      FII trading activity on NS E and BSE in Capital Market Segment (In Rs. Crores )
                                                                                        The market shall open on a soft note tracking global cues. Euro zone GDP data
Category                       Date           Buy Value      Sel l Value    Net Value
FII                           14-Nov             2543           2221           322      during market hours shall set the sentiment for today's session.
DII                           14-Nov              862           872            (9)



Source: NSE, Bloomberg; As on 8.30 am IST
                                                                                               1
FII Trading activities in F&O                                 Corporate News
FII Derivatives Statistics for 14/11
                                                              l   Areva T&D India has secured Rs 200 cr worth order from
                                 Buy       Sell     OI at
                                  (cr)     (cr)    EOD (cr)       PowerGrid for the supply, erection and commissioning of a 765 KV
Index Futures                   1663      1142     15001
                                                                  Extra high Voltage substation including transformers, at Bareily, Uttar
Index Options                   11402    11491     42880
Stock Futures                   1672      1762     29040          Pradesh. a 765 kV substation and transformers at Bareily, Uttar Pradesh.
Stock Options                    490      491       941
                                                              l   Diamond Power Infrastructure has received an order for supply and

Market volatility                                                 erection of 220 KV D/C line on tower with AL-59 equipment-ACSR zebra
                                                     Avg          conductors on turnkey basis from Gujarat Energy Transmission Company.
                                Latest   Avg MTD
                                                     YTD
                                                                  The order includes the Kalavad-Kangasiyali line is for 55.94 kms, Bhatiya-
CBOE VIX                          31      (6.42)      -
NSE VIX                           25      (2.66)    52.72         Kalavad line is for 118.37 kms, Chorania-Gondal line is for 24.376 kms,

                                                                  GPPC-Dhokadava line is for 50 kms, BECL-Botad line is for 94.26 kms and
Fixed Income and Forex Rate
                                                                  Halvad-Sadla line is for 37.21 kms.The total orders aggregating to 380.15
Interbanks                                 BPS       BPS
                                Latest
Rates                                      1D        YTD          kms of 220 Kv line. All the projects are to be completed in next 12
MIBOR                            8.66     0.16      28.93
                                                                  months.
2 Y GSec India                   8.77     0.02      17.35
10 Y GSec India                  8.97     0.40      13.3      l   IVRCL's mining and water division has bagged 2 separate orders with a
10 Y GSec US 10                  2.04     (0.72)   (38.04)
10 Y GSec UK 10                  2.18     (4.76)   (35.81)        combined value of Rs 1,867.19 cr for work under a project for
10 Y GSec Japan 10               0.97     (0.51)   (13.65)
                                                                  development of 5 mn tonnes per annum capacity at the Malanjkhand
LIBOR - 1 Month                  0.25     0.49      (3.99)
LIBOR - 3 Month                  0.46     0.73      52.10
                                                                  copper project in Madhya Pradesh. The project is worth Rs Rs
LIBOR - 6 Month                  0.66     0.55      45.24
LIBOR - 1 Year                   0.99     0.39      26.16         1,176.12 cr and the contractual completion period is 5 years.The other

                                                                  order bagged by IVRCL was worth Rs 691.07 cr and involved the supply,
Rates
                                                                  lowering, laying and jointing and commissioning of a bulk water
INR/USD                         50.29     (0.35)   (11.11)
INR/EUR                         68.74     (0.48)   (13.01)
                                                                  transmission in the Kutch region under the 'Swarnim Gujarat Saurashtra-
INR/GBP                         79.92     0.34     (12.79)
INR/YEN (100)                    65.2     0.26     (15.52)        Kutch water programme' of Gujarat Water Infrastructure Limited.
INR/SGD                         39.06     (0.10)   (10.82)
USD/EUR                          1.36     (0.07)    1.79      l   Maruti Suzuki has raised prices of its diesel models by Rs 2,000 to Rs
USD/GBP                          1.59     (0.11)    1.79
USD/GBY                         77.13     (0.08)    5.17          10,000. For its Ritz hatchback, prices were raised by Rs 2,000, while for
USD/AUD                          0.98     0.00      0.28
                                                                  other models; prices were raised by Rs 10,000.
USD/SGD                          1.29     0.09      (0.32)

Source: NSE,RBI,Bloomberg
                                                                    2
Commodities                                                             Indian Economy
                                                  %             %
                                               Change
                                                                        l             India's headline inflation for the month of October rose 9.73%
Pa rticular                    Curre nt                        YTD
Gold (US $/t oz)                   1778         (0.13)        25.15
                                                                                      higher than expected (9.65% increase) and slightly higher than the
Silver (US $/t oz)                  34          (0.01)        10.74                   preceding month's 9.72%, as the cost of food and fuel increased.
Oil (Brent-US$/bbl)                112          0.45          18.09                   The inflation rate was hovering around 9% for the eleventh
Oil (Nymex-US $/bbl)                98          (0.86)         7.40                   straight month. Food price inflation in October accelerated to
Baltic Dry Index                   1818         (0.93)         2.54
                                                                                      11.06% from 9.23% in September, backed by higher prices of
Dollar Index                        77          (0.07)        (1.94)
                                                                                      perishables like pulses, vegetables and high protein items such as

Me tals                                                                               milk, eggs, meat and fish. Inflation in overall primary articles
Aluminium (US $ /MT)               2146         0.07          (12.80)                 stood at 11.40% in October, compared to 11.84% in September.
Copper (US $ /MT)                  7739         1.56          (19.80)                 Non-food primary articles, which include fibres, oil seeds and
Lead (US $ /MT)                    2028         2.91          (20.91)                 minerals, grew dearer by 7.71% in October, as compared to a
Nickel (US $ /MT)                 17801         (1.49)        (27.95)
                                                                                      14.82% rise in the previous month. Prices of manufactured
Tin (US $ /MT)                    21448         (2.04)        (20.33)
                                                                                      products, which have a weight of around 65% in WPI , went up by
Zinc (US $ /MT)                    1936         1.12          (20.80)
Steel Billetes (US $/MT)           525          0.91          (4.20)                  7.66% year-on-year in October, as against 7.69% in September and
Steel HRC (US $/s.ton)             613          0.00          (3.54)                  has been high since February this year, when it crossed the 6%
Iron Ore (US $ /MT)                139          (0.36)        (17.75)                 mark.

                                                                        WPI Inflation
Soda Ash (75Kg)                    1000            -           2.56
Rubber (Rs/Kg)                     194          2.17          (5.95)                                 WPI                                         Primar y Articles                           Fuel & po wer
                                                                                                     Manufacturing                               CPI-IW (RHS)                                WPI-6m ma
Sugar (Rs/Qtl)                     3015            -          (0.80)    20                                                                                                                                                     12

Tea (BP1) (US $/Kg)                2.92            -          (20.05)   16
                                                                                                                                                                                                                               8
Urea (US $/MT)                     520             -          35.06     12

DAP (US $/MT)                      635             -           7.63      8
                                                                                                                                                                                                                               4
Newsprint (US/MT)                  665             -          (0.70)
                                                                         4


                                                                         0                                                                                                                                                     0
                                                                                            Nov-10



                                                                                                           Dec-10




                                                                                                                               Feb-11




                                                                                                                                                                                                   Aug-11



                                                                                                                                                                                                             Sep-11



                                                                                                                                                                                                                      Oct-11
                                                                             Oct-10




                                                                                                                     Ja n-11




                                                                                                                                        Mar-11



                                                                                                                                                        Apr-11



                                                                                                                                                                     May-11



                                                                                                                                                                              Jun-11



                                                                                                                                                                                         Jul-11




                                                                        Trends in Headline Inflation (WPI) (%YoY)

                                                                        Item                                                    Oct?11                            Oct?10                Seo?11               6mma
                                                                        WPI                                                    9.73%                             9.08%                 9.72%                 9.61% 
                                                                        CPI (IW) *                                             10.06%                            9.70%                 10.06%                9.15% 
                                                                        Primary  Articles                                      11.40%                            18.09%                11.84%                12.04% 
                                                                        Fuel & Power                                           14.79%                            11.02%                14.09%                13.16% 
                                                                        Manufacturing                                           7.66%                             5.13%                7.69%                 7.59% 
                                                                        Note: Current CPI (IW) figs are of Sep & Aug Instead of Oct & Sep'11




Source: Bloomberg,Reuters;* - As on 8.30 am IST,ENAM Direct
                                                                                        3
                                                                       NIFTY OUTLOOK                                                            4919
                                                                                                                                                5141
      NIFTY KEY STATS
                                                                    Index commenced the week on a positive note with an up-gap above previous session's high
      NIFTY TREND                                                   however selling pressure around the Friday's down gap area pushed Nifty 88 points lower
                                                                    from day high. Nifty finally settled near day's low to close at 5141 with loss 27 points.
      13EMA                                                  5203
      55EMA                                                  5141   On daily chart, Nifty formed a sizable bear candle closing below previous session's low
      200EMA                                                 5329   indicating bearish bias. However index managed to sustain above the two months
                                                                    consolidation upper range of 5140. This support area also coincides with 38.2% Fibonacci
                                                                    retracement level of the recent up move (4728 -5399).In the coming sessions, a decisive
                                                                    close below this support would trigger a fresh bout of selling in the range of 5090-5030
                                                                                                                                SENSEX
                                                                    levels. Nifty sustaining above 5140 level and holding previous session low would trigger a
                                                                    possible positive bias. However a failure to cross 5200 mark would lead for sideways and
                                                                    volatile price action.

                                                                    The daily strength indicator RSI has reached below 50 mark indicating losing strength. The
                                                                    momentum indicator-Stochastic has entered in oversold region which may cause for a
                                                                    slowdown to the downside correction.

                                                                    The trend deciding level for the day is 5170, If NIFTY trades above this level then we may
                                                                    witness a further rally up to 5200-5260-5290 levels. However, if NIFTY trades below 5170
                                                                    levels then we may see some profit booking to initiate in market, it may correct up to 5110-
        BULLISH                    - Clear uptrend seen.
                                                                    5080-5025 levels.
        MODERATELY BULLISH         - Some Strenth seen.
        NEUTRAL                    - No Clear trend Seen.
                                                                    Stocks to focus for intraday Long – TECHM, Exide Ind., Dr.Reddy ,Idea
        BEARISH                    - Clear Downtrend seen.
        MODERATELY BEARISH         - Some Weakness seen.
                                                                    Stocks to focus for intraday Short- PFC,Aban ,Titan Ind. Sesagoa, Sintex.




Source: Bloomberg,Reuters;* - As on 8.30 am IST,ENAM Direct
                                                                                4
                                                                       CRUCIAL LEVELS - NIFTY 50
 Sc r ip                     L as tR at e     S upport2        S upport1      Pi v o t      R es ist a n c e1   R e sis ta n c e2   H i g h R at e   LowRa te
 S &P C NX N IF T             5,1 41 .9 0        5,2 58 .8 0      SENSEX 5 ,1 70 .45
                                                                5 ,2 00 .35                      5,11 2.0 0           5,08 2.1 0      5 ,22 8.9 0    5,1 40 .55
 ACC                          1,2 17 .1 0        1,2 42 .3 0    1 ,2 29 .70   1 ,2 20 .35        1,20 7.7 5           1,19 8.4 0      1 ,23 2.9 5    1,2 11 .00
 A M BU JA C E M                1 62 .9 0          1 66 .2 7       1 64 .58      1 63 .22          16 1.5 3             16 0.1 7         16 4.9 0      1 61 .85
 A X IS B AN K                1,0 49 .5 0        1,0 93 .6 3    1 ,0 71 .57   1 ,0 58 .93        1,03 6.8 7           1,02 4.2 3      1 ,08 1.0 0    1,0 46 .30
 B A JA J-A UT O              1,7 37 .8 5        1,7 90 .7 5    1 ,7 64 .30   1 ,7 48 .45        1,72 2.0 0           1,70 6.1 5      1 ,77 4.9 0    1,7 32 .60
 B H AR T IAR T L                4 05 .2 0         4 12 .3 3      4 08 .77      4 03 .13            39 9.5 7            39 3.9 3         40 6.7 0      3 97 .50
 B H EL                          3 17 .2 0         3 33 .4 7      3 25 .33      3 20 .67            31 2.5 3            30 7.8 7         32 8.8 0      3 16 .00
 B PC L                          5 50 .0 0         5 68 .0 7      5 59 .03      5 53 .37            54 4.3 3            53 8.6 7         56 2.4 0      5 47 .70
 C A IRN                         3 18 .2 0         3 26 .9 0      3 22 .55      3 19 .45            31 5.1 0            31 2.0 0         32 3.8 0      3 16 .35
 C IP L A                        2 88 .1 0         2 93 .7 0      2 90 .90      2 88 .20            28 5.4 0            28 2.7 0         29 1.0 0      2 85 .50
 C O A LIN D IA                  3 23 .1 0         3 30 .6 3      3 26 .87      3 23 .13            31 9.3 7            31 5.6 3         32 6.9 0      3 19 .40
 DLF                            2 23 .4 0          2 39 .1 3       2 31 .27      2 26 .58          21 8.7 2             21 4.0 3         23 4.4 5      2 21 .90
 D R RE D DY                  1,6 45 .0 5        1,6 68 .9 5    1 ,6 57 .00   1 ,6 41 .00        1,62 9.0 5           1,61 3.0 5      1 ,65 2.9 5    1,6 25 .00
 G AIL                          4 18 .6 0          4 23 .3 0       4 20 .95      4 18 .05          41 5.7 0             41 2.8 0         42 0.4 0      4 15 .15
 G RA S IM                    2,4 52 .7 0        2,5 20 .7 3    2 ,4 86 .72   2 ,4 63 .98        2,42 9.9 7           2,40 7.2 3      2 ,49 8.0 0    2,4 41 .25
 H C LT E C H                    4 29 .3 0         4 39 .8 7      4 34 .58      4 29 .02            42 3.7 3            41 8.1 7         43 4.3 0      4 23 .45
 H D FC                          6 72 .7 5         6 82 .4 2      6 77 .58      6 71 .87            66 7.0 3            66 1.3 2         67 6.7 0      6 66 .15
 H D FC BA NK                   4 71 .4 0          4 84 .3 0       4 77 .85      4 73 .40          46 6.9 5             46 2.5 0         47 9.8 5      4 68 .95
 H ER OM OTOC O               2,2 09 .5 5        2,2 84 .7 8    2 ,2 47 .17   2 ,2 12 .08        2,17 4.4 7           2,13 9.3 8      2 ,24 9.7 0    2,1 77 .00
 H IN DA LC O                    1 26 .2 0         1 35 .3 3      1 30 .77      1 28 .13            12 3.5 7            12 0.9 3         13 2.7 0      1 25 .50
 H IN DU N ILV R                 3 99 .5 5         4 07 .4 5      4 03 .50      3 99 .40            39 5.4 5            39 1.3 5         40 3.3 5      3 95 .30
 I CIC IB AN K                   8 21 .0 0         8 50 .4 3      8 35 .72      8 24 .73            81 0.0 2            79 9.0 3         83 9.4 5      8 13 .75
 I DF C                         1 15 .9 0          1 23 .6 3       1 19 .77      1 17 .63          11 3.7 7             11 1.6 3         12 1.5 0      1 15 .50
 I NF Y                       2,8 08 .8 0        2,8 47 .4 7    2 ,8 28 .13   2 ,8 13 .07        2,79 3.7 3           2,77 8.6 7      2 ,83 2.4 0    2,7 98 .00
 ITC                             2 11 .5 0         2 17 .1 3      2 14 .32      2 12 .48            20 9.6 7            20 7.8 3         21 5.3 0      2 10 .65
 J IN DA LS T E L                5 45 .7 5         5 79 .6 5      5 62 .70      5 51 .85            53 4.9 0            52 4.0 5         56 8.8 0      5 41 .00
 J P AS S O CIA T                  74 .7 5           79 .7 8        77 .27        75 .53             7 3.0 2             7 1.2 8          7 8.0 5        73 .80
 K O T AK BA NK                  5 02 .3 5         5 14 .7 5      5 08 .55      5 04 .55            49 8.3 5            49 4.3 5         51 0.7 5      5 00 .55
 LT                           1,3 26 .8 5        1,3 62 .1 5    1 ,3 44 .50   1 ,3 32 .25        1,31 4.6 0           1,30 2.3 5      1 ,34 9.9 0    1,3 20 .00
 M&M                            7 91 .0 5          8 76 .4 8       8 33 .77      8 07 .98          76 5.2 7             73 9.4 8         85 0.7 0      7 82 .20
 M A RU T I                   1,0 27 .0 0        1,0 92 .0 0    1 ,0 59 .50   1 ,0 40 .30        1,00 7.8 0             98 8.6 0      1 ,07 2.8 0    1,0 21 .10
 N TPC                          1 73 .0 0          1 78 .2 0       1 75 .60      1 73 .85          17 1.2 5             16 9.5 0         17 6.4 5      1 72 .10
 O NG C                          2 61 .2 0         2 72 .4 7      2 66 .83      2 63 .42            25 7.7 8            25 4.3 7         26 9.0 5      2 60 .00
 P NB                            9 32 .4 0         9 79 .9 7      9 56 .18      9 38 .27            91 4.4 8            89 6.5 7         96 2.0 5      9 20 .35
 P O W E R G RID                 1 05 .3 5         1 08 .0 8      1 06 .72      1 05 .63            10 4.2 7            10 3.1 8         10 7.0 0      1 04 .55
 R A NB AX Y                     4 85 .0 5         4 96 .0 5      4 90 .55      4 80 .90            47 5.4 0            46 5.7 5         48 6.4 0      4 71 .25
 R C OM                            81 .8 0           88 .2 3        85 .02        83 .13             7 9.9 2             7 8.0 3          8 6.3 5        81 .25
 R E LI AN CE                    8 76 .7 0         9 04 .9 0      8 90 .80      8 81 .90            86 7.8 0            85 8.9 0         89 6.0 0      8 73 .00
 R E LI NF RA                    4 21 .7 5         4 80 .6 8      4 51 .22      4 34 .78            40 5.3 2            38 8.8 8         46 4.2 5      4 18 .35
 R POW ER                          95 .4 5         1 06 .4 2      1 00 .93        97 .62             9 2.1 3             8 8.8 2         10 3.1 0        94 .30
 S AIL     Statistic:           1 02 .2 5          1 09 .0 2       1 05 .63      1 03 .82          10 0.4 3              9 8.6 2         10 7.2 0      1 02 .00
 S BIN                        1,7 53 .1 0        1,8 60 .1 0    1 ,8 06 .60   1 ,7 73 .50        1,72 0.0 0           1,68 6.9 0      1 ,82 7.0 0    1,7 40 .40
 S E S AG O A                    2 02 .3 0         2 14 .6 3      2 08 .47      2 04 .83            19 8.6 7            19 5.0 3         21 1.0 0      2 01 .20
 S IE M E NS                     8 16 .2 0         8 48 .7 3      8 32 .47      8 22 .73            80 6.4 7            79 6.7 3         83 9.0 0      8 13 .00
 S TER                           1 15 .7 0         1 22 .3 7      1 19 .03      1 17 .02            11 3.6 8            11 1.6 7         12 0.3 5      1 15 .00
 S UN P HA RM A                  5 10 .8 0         5 31 .1 3      5 20 .97      5 14 .78            50 4.6 2            49 8.4 3         52 4.9 5      5 08 .60
 T AT A M O T O R S              1 77 .8 0         1 89 .1 7      1 83 .48      1 79 .82            17 4.1 3            17 0.4 7         18 5.5 0      1 76 .15
 T AT A P O W E R                1 01 .3 5         1 05 .1 8      1 03 .27      1 01 .13             9 9.2 2             9 7.0 8         10 3.0 5        99 .00
 T AT A S T E E L                4 12 .5 0         4 48 .4 0      4 30 .45      4 20 .00            40 2.0 5            39 1.6 0         43 7.9 5      4 09 .55
 T CS                         1,1 28 .4 0        1,1 67 .8 0    1 ,1 48 .10   1 ,1 36 .30        1,11 6.6 0           1,10 4.8 0      1 ,15 6.0 0    1,1 24 .50
 W IP R O                       3 87 .4 0          3 93 .5 0       3 90 .45      3 86 .40          38 3.3 5             37 9.3 0         38 9.4 5      3 82 .35



Source: Bloomberg,Reuters;* - As on 8.30 am IST,ENAM Direct
                                                                                   5
   NIFTY OUTLOOK                                                          4919
     CALL TRACKER
 Issue Date   Buy / Sell        Stock                    Call Type Reco Price   Stop Loss   Target 1 LTP (Close Rate)   Diff %   Status   Remarks
   08-11-2011   Buy             Hindalco                  Intraday   141.00      139.50      146.00       139.50         -1.06   Closed   Stop Loss Trigg
   08-11-2011   Buy             Titan                     Intraday   218.00      216.00      222.00       220.75          1.26   Closed   Book profit
   08-11-2011   Buy             Nifty                     Intraday  5,278.50    5,265.00    5,315.00     5,313.00         0.65   Closed   Book profit
   08-11-2011   Buy             HeroMotoco                Intraday  2,129.00    2,113.00    2,162.00     2,122.80        -0.29   Closed   Closed @ 2122.80
   08-11-2011   Buy             Glenmark                    BTST
                                                                  SENSEX
                                                                     319.25      316.00      332.00       320.00          0.23   Closed   Closed @ 320
   09-11-2011   Buy             Hind Unilever             Intraday   383.00      380.00      390.00       389.10          1.59   Closed   Book profit
   09-11-2011   Buy             Sintex                    IntradaySENSEX
                                                                     121.20      119.50      125.00       121.20          0.00   Closed   Closed @ 121.2
   09-11-2011   Buy             INFY                      Intraday  2,851.00    2,832.00    2,892.00     2,832.00        -0.67   Closed   Stop Loss Trigg
   09-11-2011   Buy             Coal Ind                  Intraday   328.50      326.00      335.00       328.00         -0.15   Closed   Closed @ 328
   09-11-2011   Sell            Can Bk                    Intraday   483.50      488.00      476.00       478.00          1.14   Closed   Book profit
   09-11-2011   Sell            Bombay Dyeing             Intraday   409.50      413.00      400.00       406.10          0.83   Closed   Book profit
   09-11-2011   Sell            ICICI Bk (Future)        Positional  871.50      885.00      842.00       855.00          1.89   Closed   Book profit
   11-11-2011   Buy             Nifty                     Intraday  5,192.50    5,175.00    5,235.00     5,175.00        -0.34   Closed   Stop Loss Trigg
   11-11-2011   Sell            LT                        Intraday  1,360.50    1,370.00    1,328.00     1,334.00         1.95   Closed   Book profit
   11-11-2011   Sell            Chambal Fert (Future)    Positional  91.00        92.50      86.00         92.50         -1.65   Closed   Stop Loss Trigg
   11-11-2011   Sell            Educomp (Future)         Positional  266.00      272.00      251.00       255.00          4.14   Closed   Book profit
   11-11-2011   Sell            HDFC                      Intraday   676.00      680.00      665.00       666.50          1.41   Closed   Book profit
   11-11-2011   Sell            Can Bk                    Intraday   475.50      480.00      466.00       470.50          1.05   Closed   Book profit
   11-11-2011   Sell            Bharti Airtel             Intraday   393.50      396.00      387.00       395.00         -0.38   Closed   Closed @ 395
   11-11-2011   Buy             Jain Irrigation             BTST     116.50      115.00      121.00       116.60          0.09    Open    Technical Call
   11-11-2011   Buy             IBREALEST                Positional  71.75        69.00      78.00         72.00          0.35    Open    Technical Call
   11-11-2011   Buy             Rcom                        BTST     83.50        82.50      86.50         83.55          0.06    Open    Technical Call




Source: Bloomberg,Reuters;* - As on 8.30 am IST,ENAM Direct
                                                                                  6
   NIFTY OUTLOOK                                                     4919
     CALL TRACKER & STRIKE RATE FOR THE WEEK ENDED 11th November 2011
Ca tegory                                  Month               S tatus        Aggregate Returns %   Strike Ra te   No.of Calls
Technical                                   July               Closed                 39.9              50%           174
                                           August              Closed                 88.1              49%           258
                                         September             Closed                 81.2              49%           231
                                          October              Closed                 62.2              49%           130
                                         November              Closed                 12.7              48%            59
                                                               O pen                  0.5               57%             3
Technical Total                                                                      284.6              49%           855

                                                              SENSEX
                                                              SENSEX
     MONTHLY CALL TRACKER & STRIKE RATE
 Ca tegory                                         Month            Sta tus            Diff %        Strike Rate   No of Calls
 Technical                                        Novembe r         Closed              11.6             62%           19
                                                                    Open                 0.5             71%            3
 Technical Total                                                                        12.1             63%           22




Source: Bloomberg,Reuters;* - As on 8.30 am IST,ENAM Direct
                                                                              7
 Investment Picks
                                                    Targ et Pri ce/
C omp any                   Targ et Pri ce   CMP
                                                      C MP (% )
Astral P oly                    244          185        32%
Balkrishna Industries           223          184        21%
Bharti Airtel                   485          405        20%
BHEL                            427          317        35%
Biocon                          413          338        22%
Cadila Healthcare               11 24        733        53%
Century Textile                 401          302        33%
Coal Ind ia                     419          323        30%
Container Corp                  1237         967        28%
Coromandel I ntl                400          330        21%
Divi's Lab                      971          732        33%
Dr Reddys Lab                   17 89        1642        9%
EID Parry                       330          215        53%
Elgi Equipments                  91           71        28%
Engineers India                 304          240        27%
Hindustan Zinc                  147          117        26%
ICICI Bank                      1100         821        34%
Jain Irrig ation                172          118        46%
Jaiprakash Power Ven             49           36        34%
Monnet I spat                   603          401        50%
Motherson Sumi                  246          163        51%
ONGC                            325          261        24%
Orient Paper                     88           58        52%
Oriental B ank                  370          292        27%
Persistent Systems              379          315        20%
PNB                             11 75        939        25%
Power Finance                   200          164        22%
Prestige Estates                126           90        40%
Redington                       128           93        38%
Relian ce Inds                  11 05        875        26%
SBI                             2345         1753       34%
Tecpro Systems                  322          215        50%
Tube Invst                      193          141        37%
Va Tech Wabag                   505          350        44%




Source: ENAM Direct
                        8
Ec ono mic ev en ts for th e day

C ount ry                      Event                                                         Loc al /G MT            Expected                Previou s
G BP                           CPI (Y oY%)                                                     3.00 PM                 5.1%                   5.2 %
EU                             G DP (Q oQ%) p                                                  3.30 PM                 0.2%                   0.2 %


BSE Movers and Shakers
Top Gainers                    LATEST               % 1D                % YTD     Top Los ers                      LATEST           % 1D         % YT D

Infosys                        2 808                 1.18               (18.48)   Mah & Mah                         790             (5.73)          1.79
Bharti Airtel                   405                  2.48               13.09     Reliance Inds                     875             (0.98)       (17.30)
HDFCBank                        471                  1.45                0.30     SBI                              1 753            (2.48)       (37.64)
HDFC                            673                  0.79               (7.50)    Tata Steel                        413             (4.03)       (39.22)
Hero Motocorp                  2 210                 1.67               11.27     ITC                               211             (0.68)        22.20


In sig ht fro m trad ing volu mes
                                                % Ch g in Q ty Traded                        Q ty Traded
Scri p                                                                                                              Deli very %              C MP*
                                                  (O verAv g 30 days)                          (‘0 00s)
Renuka Sugar                                                 878                               112157                      27                  38
JP Power                                                     523                                8947                       74                  36
Dr Reddy's                                                   260                                1320                       94                 1642
M&M                                                          228                                5235                       44                  790
Educomp                                                      175                                5396                       19                  217
G lenm ark Pharma                                            168                                2215                       84                  338
India I nfoline                                              164                                1154                       96                   70


In sig ht fro m deliv ery
                                                                                            To tal Vo lum e        30 days avg
Scri p                                                Delivery %                                                                             C MP*
                                                                                                 “0 00             Deli very %
Pantaloon Retail                                             72                                  1618                   34                     169
India I nfoline                                              96                                 1154                       64                  70
Marico                                                       89                                  269                       58                  149
Indbull .RealEst                                             61                                 6496                       34                  72
Dr Reddy's Labs                                              94                                 1349                       67                 1642

*CMP- Closin g M arket Price



Insight from bulk deals
                                                                                                                                % of Share
Ent ity’s Name                                       Scrip                        Deal Type         Qty Trans “000                                CMP*
                                                                                                                                 Capital


Pasupati OLEFin                                 Pasupati Fincap                         S                     50                   1.06              19




                                                                            9
   RETAIL RESEARCH TEAM




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