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Go Ahead for Equity Morning Note 01 June 2012-Mansukh Investment and Trading Solution

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Go Ahead for Equity Morning Note 01 June 2012-Mansukh Investment and Trading Solution Powered By Docstoc
					Morning Note                                                01 June 2012
                                                                                                                                    make more, for sure.



 DATA MATRIX OF LAST SESSION                                                               FIRST LIGHT HEADINGS
                                                                    India’s Q4 growth at 5.3%, lowest quarterly growth in 3 years
INDEX                        Close             %Chg
                                                                    BHEL bags order worth Rs 1,143 crore from NTPC
Sensex                       16219               -0.57              FIIs stood as net buyers in equities as per May 31 data: SEBI
Nifty                         4924               -0.55              Unity Infraproject has bagged multiple projects to the tune of Rs 148.32 crore
Midcap                        5908                0.36              MBL Infrastructures has bagged five orders aggregating worth Rs 206 crore
Smallcap                      6271               -0.57              SAIL signed a JV with Burn Standard for setting up a Wagon Components plant
                                                                    Aptech gains on plans to open 150 centres this year
VALUE TRADED (Rs Crs)                          %Chg
                                                                                                  MARKET INSIGHT
BSE                          17833             927.25
                                                               On Thursday 31 May 2012, Market's suffered a nasty blow of over 5% for the May month's F&O
NSE                          16178               78.53
                                                            series, with the final session, managing to absorb Q4 GDP's shocker, Indian equity markets slug hard
F& O Total                   195704              32.16
                                                            to recover substantial lost ground. 30 scrip sensitive index, Sensex although registering 0.30% loss,
Total Volume                 229715              44.59
                                                            reclaimed the 16200 bastion. Similarly, the widely followed 50 share index, Nifty too, wiping out
NET INFLOWS (Rs Crs)                           %Chg         significant portion of losses, concluded in proximity to the previous closing levels. Pounded by the
                                                            gloomy global set-up, markets earlier went into the tizzy after the sluggish fourth quarter GDP data,
FIIs                         (665.8)          6098.88
                                                            which is at decade low level, stood at 5.3 percent in the January-March quarter of the financial year as
DIIs                         (266.4)            45.87
                                                            against 7.8 per cent in the same quarter last year, mainly due to contraction in manufacturing sector
FII OPEN INTEREST (Crs)                        %Chg         and depreciating rupee. Encouraging European leads spurred some optimism at Dalal Street.
FII Index Futures                   6755        -55.51      Recovering their sheen after steep losses in the previous session, European shares moved higher on
FII Index Options                 31435         -32.42      Tuesday after recovery in Spanish and Italian bond. Yield on Spain's 10-year government bond was

FII Stock Futures                 19890         -16.48      down three basis points at 6.62%, while the corresponding Italian yield was down five basis points at
                                                            6.01%. Rate sensitive's, Realty and Bankex, combined with high beta Consumer Durable and Capital
FII Stock Options                   137         -90.61
                                                            Goods, did a lot of harm to markets. However, short-covering coupled with value buying, in the dying
World Indices                                 %Chg          hours of trade, provided some solace to the Indian equity markets.
Dow Jones                    12393               -0.22          Sensex lost 93.62 points or 0.57% to settle at 16,218.53 and Nifty lost 26.50 points or 0.54% to settle
Nasdaq                       2827                -0.35      at 4,924.25. The BSE Mid-cap index gained 0.36% while Small-cap index was down by 0.57%. On the
FTSE 100                      5321                0.45      BSE sectoral front, Realty up by 1.00%, IT up by 0.35%, TECk up by 0.31%, Public Sector Undertaking
                                                            up by 0.29% and Power up by 0.21% were the top gainers, while Auto down by 1.96%, Bankex down by
Commodity                                      %Chg
                                                            0.87%, CD down by 0.81%, CG down by 0.70%, Metal down by 0.21% and were the top losers.
Crude (US$/bl)                86.2               -1.44
                                                               The European markets too were trading in green, with France's CAC 40 up by 0.67%, Germany's
Gold (US$/oz)                1556.9              -0.29
                                                            DAX up by 0.37% and Britain's FTSE 100 up by 0.77%. Asian markets continued their southbound
Top 5 Movers             Close Price          %Chg          journey for second day in a row on Thursday following selloff in US market overnight as yields on
JPASSOCIAT                         62.35          3.66      Spain's 10-year bonds reached as high as 6.65%. The sentiments were also got clobbered after Chinese
ASIANPAINT                     3,950.00            3.5      interest-rate swaps hit 18-month lows on Thursday on abundant liquidity and expectations of loose
IDFC                             124.30           3.37      monetary policy in the coming months.

SAIL                               94.5           2.55          Meanwhile, the economy has grown by a mere 5.3% in the fourth quarter of 2011-12 - lowest
PNB                              749.35           2.46      quarterly growth rate in 3 years as against 7.8% in the same quarter last year. It is much below the
                                                            expected number of 6.1% and the major dampening has come in from the manufacturing sector. For
Top 5 Loser              Close Price          %Chg          the entire year, the GDP growth has now been revised to 6.5%. For the fourth quarter, services grew
MARUTI                            1105               -4     7.9% compared to 10.6% last year, farm sector growth fell to 1.7% from 7.5%, manufacturing sector
ICICIBANK                        785.40            -3.9     logged negative growth of 0.3% against 7.6%, and construction sector growth fell to 4.8% from 8%. As
TATAMOTORS                       233.60          -3.89      stated earlier there has been a downward revision of GDP numbers for FY12. The downward revision
JINDALSTEL                        441.4          -2.71      has come in because of the lower performance in manufacturing and 'trade, hotels, transport and
BANKBARODA                         674           -2.21      communications' than expected.
  Please refer to important disclosures at the end of this report                         For Private circulation Only                          For Our Clients Only



Mansukh Securities and Finance Ltd                                        SEBI SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
                                                                               Reg.No: BSE: INB 010985834, F&O: INF 010985834
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002  NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-
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Website: www.moneysukh.com
Morning Note
                                                                                                                     make more, for sure.

                                    MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC




                                                               TODAY'S MARKET LEVELS
       Index                  Support 2                 Support 1   Previous Close        Resistance 1         Resistance 2         Trend
      SENSEX                     15960                     16095        16219                   16354             16479         Rangebound
       NIFTY                      4835                      4880         4924                   4965               5010         Rangebound

QUANTITATIVE ANALYSIS: The market breadth on the BSE ended negative; advances and declining stocks were in a ratio of 1201: 1400 while
105 scrips remained unchanged. Sensex touched a high and a low of 16,277.48 and 16,086.06 respectively. 13 stocks advanced against 17
declining ones on the index while The S&P CNX Nifty lost 26.50 points or 0.54% to settle at 4,924.25 while Nifty touched high and low of 4,949.25
and 4,883.55 respectively.21 stocks advanced against 29 declining on the index. India VIX, a gauge for market's short term expectation of
volatility lost 0.19% at 25.25 from its previous close of 25.30 on Wednesday. Conclusively we expect more downside in upcoming sessions
however next level of support could be around 4810-4820. 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                       9155                      9360         9441                   9525               9642         Rangebound


  Please refer to important disclosures at the end of this report               For Private circulation Only                  For Our Clients Only



Mansukh Securities and Finance Ltd                                             Reg.No: BSE: No. BSE: INB010985834 / NSE: INB230781431
                                                                          SEBISEBI RegnINB 010985834, F&O: INF 010985834
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002  NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-
                                                                                                              PMS Regn No. INP000002387
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com DP-NSDL-140-2000
                                                                          MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293
Website: www.moneysukh.com
Morning Note
                                                                                                                            make more, for sure.




                    NAME                                        DESIGNATION                                             E-MAIL
                Varun Gupta                                         Head - Research                             varungupta@moneysukh.com
            Pashupati Nath Jha                                      Research Analyst                        pashupatinathjha@moneysukh.com
                Vikram Singh                                        Research Analyst                         vikram_research@moneysukh.com




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  Please refer to important disclosures at the end of this report                      For Private circulation Only                 For Our Clients Only



Mansukh Securities and Finance Ltd                                        SEBI SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
                                                                               Reg.No: BSE: INB 010985834, F&O: INF 010985834
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002  NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-
                                                                                                               PMS Regn No. INP000002387
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com DP-NSDL-140-2000
                                                                          MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293
Website: www.moneysukh.com

				
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