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Alankit Daily Morning Outlook 15 June 2012


									        -Daily Morning Outlook-

June 15, 2012
MORNING BELL                                                                                           INDIAN INDICES
Markets at a Glance                                                                                   Index                  14/06/12            Pt Chg     % Chg
The Indian equity market is likely to open higher today tracking positive Asian markets. The          BSE SENSEX                16,678            (203)       (1.2)
shares of oil marketing firms may remain in focus amid expectation of a cut petrol prices by          NSE NIFTY                   5,055            (67)       (1.3)
up to `2 per litre on Friday due to falling international crude prices. However, the Asian mar-       BSE MIDCAP                  5,925            (76)       (1.3)
kets gained strength today amid reports that the major central banks stand ready to take co-
ordinated action to ensure liquidity in the financial markets if the weekend's Greece’s elec-         BSE SMALLCAP                6,322            (43)       (0.7)
tion results in turmoil, thus outweighing spiraling concern about Europe’s debt crisis. Mean-         CNX MIDCAP                  6,977           (100)       (1.4)
while, the investors are keeping a close eye over the Bank of Japan's rate decision later in the      BANK NIFTY                  9,837           (291)       (2.9)
day. The central bank is expected to keep the rates unchanged. In SGX Nifty, Jun’12 contract
last traded at 5,075, up by 24.00 points from previous settlement.                                    IT                          5,702             19         0.3

Wall Street Update                                                                                    TECk                        3,303               4        0.1
On Thursday, the US market ended with strong gains driven by reports that the central banks           BANKEX                    11,339            (328)       (2.8)
were planning coordinated action to ensure liquidity if required, after the weekend's Greek           REALTY                      1,594            (48)       (2.9)
elections. The trade remained choppy in the early going, following the disappointing weekly
initial jobless claims count and renewed weakness among Europe’s major bourses in the wake
of another downgrade of Spain's debt. However, the buyers began to step in with a bid in the          GLOBAL INDICES
late afternoon trade that helped the Dow and S&P 500 to clock more than 1% gain. Mean-                Index                  14/06/12            Pt Chg     % Chg
while, US initial jobless claims rose by 6,000 to 386,000 last week, exceeding the analysts ex-
pectation of 375,000.                                                                                 Dow Jones                12,652              156         1.2

Previous Day Roundup (Domestic)                                                                       NASDAQ                      2,836              18        0.6
 On Thursday, Indian benchmark indices succumbed to selling pressure and tanked more                 FTSE 100                    5,467            (17)       (0.3)
     than 1%, as sharp rise in May inflation to 7.55% as against 7.23% in previous month, dent-
     ed hopes of further monetary easing from the Reserve Bank of India (RBI) early next              DAX                         6,139            (14)       (0.2)
     week. The market had a week start driven by negative trends from global markets as
     Moody’s downgrade of Spain’s sovereign-debt rating by three notches.                             Index*                 15/06/12            Pt Chg     % Chg
 On stock specific, Infosys gained 1.1% after it has signed a Memorandum of Understand-
     ing (MoU) with The State of Israel. Zicom Electronic Security Systems surged 1.2% after          Nikkei 225                  8,592             23         0.3
     the company along with its Singapore-based subsidiary, completed management control              Hang Seng                19,010              202         1.1
     in Phoenix International WLL Qatar. Meanwhile, HDFC plummeted 1.6% after Macquarie
     downgraded the stock to underperform from outperform.                                            Shanghai                    2,310             14         0.6
                                                                                                      SGX Nifty                   5,075             24         0.5
Derivative Strategy for June 15, 2012
Scrip                            CMP             Recommendation               Target      Stop Loss   * live intraday prices at 8:15am IST
NIFTY                           5,054                      BUY                 5,130          5,010
CAIRN                             321                      BUY                   330            318   Net Inflows in Equity
ABAN                              327                      BUY                   340            322   ` crore               Buy           Sell       Net      YTD
PIRHEALTH                         472                      BUY                   483            468   FII (June 14)       1,869         1,597        272    41,946
CIPLA                             307                      BUY                   315            304
                                                                                                      MF (June 12)          447           451         (4)   (5,662)

Today’s Event                                                                                         FII participation in Derivatives
   Quarterly Results - Koutons Retail, Oxford Industries, GSB Finance, Steelco Gujarat                                           Buy              Sell         Net
   Bank of Japan’s Interest Rate Decision                                                            Index Futures            2,029                952       1,077
   UK’s Goods Trade Balance for the month of April                                                   Index Options           15,375             15,637       (262)
   US’s Industrial Production for the month of May                                                   Stock Futures            1,074              1,125         (50)
   US’s Reuters/Michigan Consumer Sentiment Index for the month of June                              Stock Options            1,248              1,256          (8)

 Source: Dion Global Solutions Ltd
Technical Overview

Nifty closed down 66.70 points (-1.30%) at 5,054.75, as India's wholesale price index (WPI) rose 7.55% in May from a year earlier, diminished hopes of further mone-
tary easing coupled with weak European cues.

Nifty made a big bearish candle on daily basis, closing below its 50 Day SMA (5,090) and its 200 Day SMA (5,070) suggesting that market facing stiff resistance around
5150-5160 levels. Further, selling will intensify below day low 5,048 for the target of 5,000 levels and below 5,000 market can test 4,950. Trading strategy would be
to Sell if market resist at 5,100 and Buy if support at 5,020.

First resistance for the Nifty is 5,107 and next resistance 5,160 and first support for the Nifty is 5,025 and next support at 4,996.

             Support & Resistance                                      Sensex Gainers & Losers                                 Nifty Gainers & Losers
                                                            Gainers            14/06/12       Pt Chg      % Chg     Gainers             14/06/12     Pt Chg   % Chg
Indices          S2       S1     LTP        R1      R2
                                                           Infosys                 2,498        27.0         1.1    Infosys                 2,499      28.4      1.2
Nifty         4,996    5,025   5,055      5,107   5,160    Cipla                     306          1.8        0.6    ACC                     1,190       9.8      0.8
                                                           ITC                       244          0.7        0.3    Cipla                    306        2.5      0.8
Sensex       16,490 16,584 16,678 16,847 16,931
                                                           Sterlite                  102          0.2        0.2    Sesa Goa                 189        1.5      0.8
Bank Nifty    9,684    9,735   9,837      9,967 10,018     -                            -           -           -   Cairn                    324        2.4      0.8

Stocks            S2      S1        LTP      R1      R2    Losers              14/06/12       Pt Chg      % Chg     Losers              14/06/12    Pt Chg    % Chg
RIL             706      711        716     721     726   Tata Motors                227       (10.9)       (4.6)   PNB                     768     (46.4)     (5.7)
SBI           2,104    2,129    2,154     2,199   2,244   L&T                      1,297       (52.9)       (3.9)   Tata Motors             227     (10.6)     (4.5)
ITC             239      242        244     248     251                                                             IDFC                    128      (5.8)     (4.3)
                                                          NTPC                       148        (5.8)       (3.8)
Infosys       2,439    2,469    2,498     2,519   2,540                                                             L&T                    1,295    (54.9)     (4.1)
                                                          ICICI Bank                 819       (29.7)       (3.5)
L&T           1,253    1,275    1,297     1,334   1,371   SBI                      2,154       (68.0)       (3.1)   NTPC                    148      (6.0)     (3.9)

Source: Dion Global Solutions Ltd
Commodity                                                                14/06/12                                    Pt Chg                                   % Chg
Crude (`) (Jun)                                                             4,663                                        26                                      0.6
Gold (`) (Aug)                                                             30,113                                        77                                      0.3
Silver (`) (Jul)                                                           54,441                                     (574)                                    (1.0)
Copper (`) (Jun)                                                               413                                        3                                      0.7

                                     Corporate, Industry And Economy (CIE) News At Glance
Corporate News
BSE Code           LTP (`)   Event
                              IT bellwether Infosys has signed a Memorandum of Understanding (MoU) with The State of Israel, to establish and enhance co-
                                 operation in industrial research and development in areas of cloud, information security, sensors, analytics, and sustainability.
500209              2,498.20
                                 This MoU is a part of the 'Global Enterprise Collaboration Program' developed by the Office of the Chief Scientist of Israel to ac-
                                 celerate innovation through a global ecosystem.
                              Zicom Electronic Security Systems along with its Singapore-based subsidiary, Unisafe Fire Protection Specialists Singapore Pte
                                 Ltd. has acquired 49% stake and complete management control in Phoenix International WLL Qatar. This will help Zicom to ex-
531404                43.25
                                 pand its footprints in Gulf Co-operation Council countries to provide fire protection and prevention products and services in Mid-
                                 dle East regions.
                               Alstom T&D India has bagged orders worth `225 crore from Power Grid Corporation of India. The order worth `75 crore is for
522275               180.50     supply, testing, erection and commissioning of 765 kV auto transformers for its Ranchi based substation and another contract
                                worth `150 crore for similar transformers at its Dharamjaygarh and Aurangabad substations.

                               National Thermal Power Corporation Ltd has stated that the total capacity of the group crossed 39,000 MW with the commis-
532555               148.40
                                sioning of 500 MW producing unit at Vindhyachal plant in Madhya Pradesh.

 Industry News

 With the international oil prices slipping to USD 95.75 a barrel, the lowest in more than a year—the chances have increased that oil companies may announce
  another cut in petrol prices, as stated by a government official who also added that the development would be a relief for the subsidized economy of India.

 With the rationed consumption of fuel becoming a necessity in today’s scenario, Bureau of Energy Efficiency (BEE) stated that in 2013, consumers would be
  able to choose cars based on their fuel-saving capacity. Following the intentions, BEE is making efforts to keep the car price in accordance to the efficiency
  rating. The move intends to reduce fuel consumption, save carbon emissions and make car travel more economical. Therefore, the car labelling programme
  will force the car manufacturer to continuously reduce the average fuel consumption of cars sold by them over the next 10 years.

 Economy News
 The much-awaited Wholesale Price Index inflation for the month of May has come at 7.55%, higher than April’s 7.23%, due to a sharp jump in prices across the
  board-from food to fuel and manufacturing products. The prices of food articles grew 10.74% in the month of May as against 10.49% growth during the previ-
  ous month. Primary articles and Fuel & Power which make up for almost a half of the WPI, has kept the inflation number stubbornly high during the month.

 Hit by the slowdown in Europe and fragile global economic condition, India’s exports in May declined by 4.16% at USD 25.7 billion. However, the imports
  dipped by 7.36% to USD 41.9 billion, resulting in a trade deficit of USD 16.3 billion for the month. The exports in April rose slightly at USD 13.9 billion after a
  contraction in March by 5.7% to USD 28.7 billion.

 Source: Dion Global Solutions Ltd
Corporate Actions
                                                                     Record Dates

 Company name                                                  BSE Code                     Purpose         Current week                         Forthcoming week

 India Nippon Electricals                                       532240          Interim Dividend              12/06/2012

 Gabriel India                                                  505714          Interim Dividend              12/06/2012

 Alpha Graphic India                                            531720                         Split          14/06/2012

 Resurgere Mines & Minerals India                               533017                         Split          15/06/2012

                                                                Ex Dividend Date
 Company Name                                                  BSE Code                        CMP           Current Week                        Forthcoming week
 ITC                                                             500875                      244.30            11/06/2012
 Birla Corporation                                               500335                      241.00            13/06/2012
 Axis Bank                                                      532215                      1,012.35           14/06/2012
 Bank of Baroda                                                 532134                       695.25            14/06/2012
 Canara Bank                                                    532483                       413.10            14/06/2012
 SML Isuzu                                                      505192                       401.00            15/06/2012
 ASM Technologies                                               526433                        65.60                                                    18/06/2012
 NIIT                                                           500304                        42.65                                                    20/06/2012
 Shriram Transport Finance Company                              511218                       522.95                                                    21/06/2012
 Housing Development Finance Corporation                        500010                       644.60                                                    22/06/2012

                                                                           Ex Split
 Company Name                              BSE Code                           Current Week                                         Forthcoming Week

                                                                CMP               Ratio                     Date            CMP         Ratio                Date
 Alpha Graphic India                        531720             18.75                  2:1              13/06/2012

 Resurgere Mines & Minerals India           533017              0.20               1:10                14/06/2012

 KCCL Plastic                               526067                                                                         79.45          5:1           18/06/2012

                                                                       Ex Bonus
 Company Name                               BSE Code                          Current Week                                         Forthcoming Week
                                                                     CMP         Ratio                     Date              CMP         Ratio               Date
 -                                                    -                -             -                        -                -             -

Forthcoming Results
Company                                                   BSE Code                                                            Date                           CMP

Liberty Phosphate                                           530273                                                    16/06/2012                             92.45

Hitech Plast                                                526217                                                    18/06/2012                             54.05

 Source: Dion Global Solutions Ltd
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                                                       Jhandewalan Extension ,
                                                       New Delhi-110055 (India)
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