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weekly market outlook 23.06.12

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weekly market outlook 23.06.12 Powered By Docstoc
					Weekly Market Outlook                                                      23 June 2012
                                                                                                                                        make more, for sure.


                                                            SNAPSHOT
 DATA MATRIX FOR THE WEEK
                                                            After accumulating over six percent gains in last two weeks, stock markets in India snapped a volatile
  18th June 2012 - 22nd June 2012                           week on a flat note. Though the frontline equity indices could negotiate only marginal gains, however
                                                            they went on to extend the gaining streak for the third straight week. The markets closed in the positive
                                                            territory for three straight sessions during the five session week however the declines on first and last days
             Weekly Markets
                                                            of the week undid almost all the good work. It turned out to be a disappointing start for the week as the
Sensex                        16,973            0.14%       frontline equity indices settled with huge losses of about one and half a percent on Monday. Sentiments'
                                                            got spooked after RBI maintained a status quo on key interest rates, choosing to keep its focus on reining in
Nifty                          5,146            0.14%       inflationary pressure on economy rather than stimulating economic momentum. The central bank's move
                                                            defied wider market expectations of a cut in key interest rates by 25 basis points. Meanwhile, a separate
Gold(US$/oz)                  1,572.9          -3.37%
                                                            data highlighted that India's consumer price inflation moved up marginally to 10.36% in May on account
Re/US$                         57.12            3.13%       of increase in prices of vegetables, edible oils and milk. The downside in domestic markets also was
                                                            capped due to sharp fall in Brent crude prices which fell below $90 for the first time since December 2011,
Dow                           12,641           -0.99%       and marking a 28% decline over roughly three months.
Nasdaq                         2,892            0.67%            2500                      Volume* & Volatility Index (Nifty - June 2012)                               30
FX Res (US$ Bn)              289.396            0.70%            2000                                                                                                   25
                                                                                                                                                                        20
                                                                 1500
Net FII / DII Equity Activity (Rs Cr)                                                                                                                                   15
                                                                 1000
                                                                                                                                                                        10
Upto 22.06.12                   FIIs             DIIs             500                                                                                                   5
Total June 2012                608.3              925.0                0                                                                                                0

Total 2012                    35,421           -19,347                     11-Jun 12-Jun 13-Jun 14-Jun 15-Jun 18-Jun 19-Jun 20-Jun 21-Jun 22-Jun
                                                                 *NSE
                                                                                  Cash Volume (Rs bn)             F & O Volume (Rs bn)          Volatility Index %
         Weekly Sector Movement
Sectors                       Close                  %
Auto                           9,338               1.35
Bankex                        11,561              -0.22
CD                             6,175               0.87
CG                             9,738               2.21
FMCG                           4,875               0.75
Healthcare                     6,710               1.97
IT                             5,664              -1.77
Metal                         10,345              -0.48
Oil & Gas                      7,895               0.90 BSE Sensex gained 22.68 points or 0.13% to 16972.51 during the week ended June 22, 2012. The BSE Mid-
                                                            cap index was up by 51.71 points or 0.87% to 6010.21 and the Small-cap index up by 56.06 points or 0.88%
PSU                            7,090               1.33 to 6407.50. The S&P CNX Nifty rose by 7.00 points or 0.14% to 5146.05. On the NSE, Bank Nifty down
Realty                         1,631               0.49 26.45 points or 0.26% to 10038.35, CNX IT down 105.90 points or 1.73% to 6028.55 while CNX mid- cap up
                                                            101.05 points or 1.44% to 7133.35 and CNX Nifty Junior up 59.00 points or 0.61% to 9780.70.

 WEEK AHEAD
Volatility is expected to be at the fore for the markets in the coming week as Traders will roll-over their position with expiry of June F&O contracts on
Thursday, June 28, 2012. In addition to this RBI governor came out with major policy announcements on June 25. Meanwhile, Telecom stocks may
remain in limelight as Department of Telecomm (DOT) may move a Cabinet note on spectrum pricing policy next week. Additionally, PSU OMCs too
would be on investor's radar, after Brent crude dipping sub $90/ per barrel level, touched the 18 month low level in the week gone by. Meanwhile, the
progress of monsoon rains too will be closely tracked by the markets as inflation decline will depend on better monsoon. On the global front, investor's
would be eyeing the release of key economic data from US starting from Durable Goods Orders data on June 27,2012, followed by GDP and Jobless
Claims Data on June 28,2012 and finally the Personal Income and Outlays data on June 29,2012. Therefore we are expecting quite a positive scenario in
the upcoming week though 5280-5310 could be the key resistance zone. On the flip side any negative outcome from central bank would create some panic
among traders however 4900 may be the key level to watch in case of any sharp slide. HAPPY TRADING...

     Please refer to important disclosures at the end of this report                        For Private circulation Only                         For Our Clients Only
                                                                                      1
Mansukh Securities and Finance Ltd                                                               SEBI 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-
                                                                                                 DP-NSDL-140-2000
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
                                                                                                 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293
Website: www.moneysukh.com
Weekly Market Outlook
                                                                                                                     make more, for sure.



             SENSEX 30-TECHNICAL LEVELS FOR THE UPCOMING WEEK ENDED 29th June 2012
                                                           SUPPORT               CLOSE PRICE                RESISTANCE
                         SCRIP                       3rd      2nd       1st        22.06.12           1st      2nd       3rd    INCLINATION
Bajaj Auto Ltd                                      1482     1513       1529         1545.30         1560      1574     1605        Positive
Bharat Heavy Electricals Ltd.                        207      214       218           221.10          225      229       236        Positive
Bharti Airtel Ltd.                                   298      304       307           310.75          313      316       322        Neutral
Cipla Ltd.                                           296      304       309           313.70          317      321       330        Positive
Coal India Ltd.                                      326      333       335           337.60          342      346       352        Neutral
Dr Reddys Laboratories Ltd.                         1543     1562       1572         1581.80         1591      1600     1619        Neutral
GAIL (India) Ltd.                                    325      332       337           340.85          344      347       354        Positive
HDFC Bank Ltd.                                       524      533       538           544.15          548      551       560        Positive
Hero MotoCorp Ltd.                                  1921     1998       2041         2084.50         2118      2152     2229        Positive
Hindalco Industries Ltd.                             108      113       115           117.25          120      123       127       Negative
Hindustan Unilever Ltd.                              449      455       458           460.35          464      467       473        Positive
Housing Development Finance Corporation Ltd.         621      630       635           639.65          643      647       656        Neutral
ICICI Bank Ltd.                                      803      825       838           852.05          860      868       890        Positive
Infosys Ltd.                                        2385     2426       2451         2475.10         2492      2509     2550        Neutral
ITC Ltd.                                             238      244       247           250.55          253      256       263        Positive
Jindal Steel & Power Ltd.                            409      421       427           433.50          440      446       459        Neutral
Larsen & Toubro Ltd.                                1302     1330       1346         1361.65         1374      1387     1415        Positive
Mahindra & Mahindra Ltd.                             669      683       690           697.40          704      710       724        Positive
Maruti Suzuki India Ltd.                            1021     1059       1080         1101.40         1118      1134     1172        Positive
NTPC Ltd.                                            144      148       150           152.15          154      156       159        Positive
Oil & Natural Gas Corpn. Ltd.                        260      268       274           279.40          282      285       294        Positive
Reliance Industries Ltd.                             688      699       705           711.05          716      721       732       Negative
State Bank Of India                                 2046     2101       2129         2156.75         2185      2213     2268        Positive
Sterlite Industries (India) Ltd.                     91       95         97           99.65           101      103       107        Positive
Sun Pharmaceutical Inds. Ltd.                        593      601       605           608.70          613      618       626        Positive
Tata Consultancy Services Ltd.                      1180     1205       1219         1233.70         1244      1254     1279        Neutral
Tata Motors Ltd.                                     230      238       243           247.00          251      256       264        Positive
Tata Power Company Ltd.                              88       91         93           94.40           96        97       100        Positive
Tata Steel Ltd.                                      400      410       415           418.65          425      431       441        Neutral
Wipro Ltd.                                           387      394       397           400.60          404      408       415        Neutral




                                                                    2
Mansukh Securities and Finance Ltd                                             SEBI 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-
                                                                               DP-NSDL-140-2000
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
                                                                               MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293
Website: www.moneysukh.com
Weekly Market Outlook
                                                                                                                  make more, for sure.


        NSE MIDCAP 50-TECHNICAL LEVELS FOR THE UPCOMING WEEK ENDED 29th June 2012
                                                          SUPPORT                  CLOSE PRICE             RESISTANCE             Market Cap
                     SCRIP                         3rd       2nd        1st          22.06.12           1st      2nd      3rd     (Rs Crore)
ABB Ltd.                                            741       768        781            795.00          808       822      849              16847
Adani Power Ltd.                                     42        45         46             47.20           48        49       52              10290
Aditya Birla Nuvo Ltd.                              750       767        774            780.75          792       803      820               8863
Allahabad Bank                                      136       141        144            147.55          150       152      157               7378
Alstom Projects India Ltd.                          347       358        365            371.45          376       381      393               2490
Andhra Bank                                         110       114        117            119.70          121       123      127               6698
Ashok Leyland Ltd.                                   24        24         25             24.90           25        26       26               6625
Aurobindo Pharma Ltd.                               102       106        107            109.25          110       112      115               3181
Bajaj Holdings & Investment Ltd                     725       743        754            765.20          772       780      798               8516
BEML Ltd.                                           362       371        375            378.45          383       388      397               1576
Bharat Electronics Ltd.                            1227      1256       1270           1285.10         1299      1314     1343              10281
Bharat Forge Ltd.                                   281       289        292            295.75          301       306      315               6885
CESC Ltd.                                           264       273        279            284.20          288       291      300               3551
Cummins India Ltd.                                  386       407        421            434.00          442       450      471              12030
DiviS Laboratories Ltd.                             907       928        941            953.15          963       972      994              12652
Educomp Solutions Ltd.                              144       150        154            157.65          160       162      168               1522
Great Eastern Shipping Company Ltd.                 236       244        248            251.70          255       259      266               3833
GVK Power & Infrastructure Ltd.                      13        14         14             14.90           15        16       17               2353
Housing Development & Infrastructure Ltd.            69        75         78             81.85           84        86       91               3430
IDBI Bank Ltd                                        86        89         90             91.65           93        93       96              14146
India Cements Ltd.                                   71        77         80             82.85           85        87       93               2545
Indian Bank                                         167       173        177            180.15          183       185      191               7742
Indian Hotels Company Ltd.                           47        53         56             59.65           62        64       70               4530
Jain Irrigation Systems Ltd.                         68        72         74             76.60           78        79       83               3104
JSW Steel Ltd.                                      581       617        633            648.30          669       690      727              14465
Lanco Infratech Ltd.                                 13        14         14             14.10           14        14       15               3395
Mphasis Ltd.                                        337       345        349            354.00          357       360      368               7435
NCC Ltd.                                             35        38         39             40.65           43        45       48               1043
NHPC Ltd.                                            17        18         18             18.05           18        18       19              22203
Oil India Ltd                                       415       449        470            490.80          505       518      553              29504
Opto Circuits (India) Ltd.                          128       137        143            148.60          152       156      165               3601
Oracle Financial Services Software Ltd             2296      2356       2392           2427.50         2452      2476     2536              20386
Oriental Bank Of Commerce                           226       235        239            243.90          247       251      259               7116
Petronet LNG Ltd.                                   127       132        135            138.45          140       142      148              10384
Piramal Healthcare Ltd.                             500       509        514            518.10          523       528      538               8940
Punj Lloyd Ltd.                                      44        46         47             48.25           49        50       52               1602
Reliance Capital Ltd.                               305       326        339            352.70          361       369      390               8663
Reliance Power Ltd                                   86        93         98            102.55          105       108      115              28767
Shipping Corpn. Of India Ltd.                        48        51         53             54.05           56        57       60               2518
Sintex Industries Ltd.                               57        59         60             60.80           62        63       66               1660
Syndicate Bank                                       97       100        102            103.10          104       105      108               6206
Tata Chemicals Ltd.                                 296       301        303            306.10          308       311      316               7798
Tata Global Beverages Ltd                           103       106        107            108.20          109       110      113               6691
Tech Mahindra Ltd.                                  650       668        678            688.35          696       703      721               8780
Union Bank Of India                                 190       195        198            201.35          204       206      211              11085
Unitech Ltd.                                         19        20         21             21.50           22        22       23               5625
United Phosphorus Ltd.                              108       111        112            114.00          115       116      119               5234
Vijaya Bank Ltd                                      54        56         57             57.50           58        59       60               2849
Voltas Ltd.                                          98       100        101            102.05          103       104      106               3377
Welspun Corp Ltd.                                   109       115        119            121.80          125       127      133               2774

                                                                    3
Mansukh Securities and Finance Ltd                                             SEBI 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-
                                                                               DP-NSDL-140-2000
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
                                                                               MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293
Website: www.moneysukh.com
Weekly Market Outlook
                                                                                                                  make more, for sure.

FORTHCOMING CORPORATE ACTIONS
Ex-Date     Company Name                                    NSE- Symbol Purpose
25-Jun-12   Indian Bank                                       INDIANB       AGM AND DIVIDEND - RS. 7.50 PER SHARE
25-Jun-12   Plethico Pharmaceuticals Limited                  PLETHICO      ANNUAL GENERAL MEETING
25-Jun-12   Sterlite Industries ( India ) Limited               STER        AGM AND DIVIDEND RE.1/- PER SHARE
26-Jun-12   National Oxygen Limited                             NOL         RIGHTS ISSUE AT 3:5 @ PREMIUM AT RS. 40 PER SHARE
26-Jun-12   JMT Auto Limited                                JMTAUTOLTD      AGM AND DIVIDEND - RS.1/- PER SHARE
27-Jun-12   Andhra Bank                                     ANDHRABANK AGM AND DIVIDEND - RS.5.50 PER SHARE
27-Jun-12   Apcotex Industries Limited                      APCOTEXIND      DIVIDEND RS 8 PER SHARE
27-Jun-12   KEC International Limited                           KEC         ANNUAL GENERAL MEETING/DIVIDEND RS 1.20 PER SHARE
27-Jun-12   Dabur India Limited                                DABUR        AGM AND DIVIDEND RE.0.75 PER SHARE
28-Jun-12   LGB Forge Limited                                LGBFORGE       ANNUAL GENERAL MEETING
28-Jun-12   Banaras Beads Limited                           BANARBEADS      ANNUAL GENERAL MEETING/DIVIDEND RS 1.50 PER SHARE
28-Jun-12   DCM Limited                                         DCM         ANNUAL GENERAL MEETING/DIVIDEND RS 2.50 PER SHARE
28-Jun-12   D-Link (India) Limited                           DLINKINDIA     ANNUAL GENERAL MEETING/DIVIDEND RE 0.40 PER SHARE
28-Jun-12   Sarda Energy & Minerals Limited                   SARDAEN       DIVIDEND - RS.3/- PER SHARE
28-Jun-12   Sonata Software Limited                         SONATSOFTW      ANNUAL GENERAL MEETING/DIVIDEND RS 0.25 PER SHARE
28-Jun-12   Sterling Tools Limited                           STERTOOLS      AGM AND DIVIDEND RS.5/- PER SHARE
28-Jun-12   Dr. Reddy's Laboratories Limited                  DRREDDY       AGM AND DIVIDEND - RS.13.75 PER SHARE
28-Jun-12   Hindustan Zinc Limited                           HINDZINC       AGM AND DIVIDEND RE.0.90 PER SHARE
28-Jun-12   Indbank Merchant Banking Services Limited         INDBANK       ANNUAL GENERAL MEETING
28-Jun-12   Visaka Industries Limited                        VISAKAIND      ANNUAL GENERAL MEETING/DIVIDEND RS 5 PER SHARE
28-Jun-12   Wipro Limited                                      WIPRO        AGM AND DIVIDEND RS.4/- PER SHARE
28-Jun-12   LG Balakrishnan & Bros Limited                  LGBBROSLTD      AGM AND DIVIDEND RS.11/- PER SHARE
28-Jun-12   Kesoram Industries Limited                      KESORAMIND      AGM AND DIVIDEND RE.1/- PER SHARE
28-Jun-12   HDFC Bank Limited                                HDFCBANK       AGM AND DIVIDEND RS.4.30 PER SHARE
28-Jun-12   Ajanta Pharma Limited                           AJANTPHARM ANNUAL GENERAL MEETING/DIVIDEND RS 7.50 PER SHARE
28-Jun-12   Infrastructure Development Finance Company          IDFC        ANNUAL GENERAL MEETING/DIVIDEND RS 2.30 PER SHARE
28-Jun-12   Kovai Medical Center & Hospital Limited            KOVAI        AGM/ DIV OF RS. 1.25/- PER SHARE
28-Jun-12   Sundaram Finance Limited                        SUNDARMFIN      ANNUAL GENERAL MEETING/DIVIDEND RS 8 PER SHARE
28-Jun-12   Xpro India Limited                               XPROINDIA      AGMAND DIVIDEND RS.2.50 PER SHARE
29-Jun-12   Zylog Systems Limited                              ZYLOG        FACE VALUE SPLIT FROM RS 10 TO RS 5
29-Jun-12   Nucleus Software Exports Limited                  NUCLEUS       ANNUAL GENERAL MEETING/DIVIDEND RS 2.50 PER SHARE
29-Jun-12   Kajaria Ceramics Limited                        KAJARIACER      ANNUAL GENERAL MEETING/DIVIDEND RS 2.50 PER SHARE
29-Jun-12   Tata Sponge Iron Limited                        TATASPONGE      AGM AND DIVIDEND - RS.8/- PER SHARE
3-Jul-12    Thirumalai Chemicals Limited                    TIRUMALCHM ANNUAL GENERAL MEETING
4-Jul-12    Havells India Limited                             HAVELLS       AGM AND DIVIDEND - RS.6.50 PER SHARE
4-Jul-12    Hindustan Unilever Limited                      HINDUNILVR      AGM AND DIVIDEND RS.4/- PER SHARE
4-Jul-12    Ingersoll Rand (India) Limited                   INGERRAND      ANNUAL GENERAL MEETING/DIVIDEND RS 3 PER SHARE
4-Jul-12    Magma Fincorp Limited                             MAGMA         AGMAND DIVIDEND RE.0.60 PER SHARE
4-Jul-12    GIC Housing Finance Limited                      GICHSGFIN      AGM AND DIVIDEND - RS.4.50 PER SHARE
4-Jul-12    Surana Industries Limited                        SURANAIND      ANNUAL GENERAL MEETING/DIVIDEND RS 1.20 PER SHARE
5-Jul-12    Thangamayil Jewellery Limited                   THANGAMAYL ANNUAL GENERAL MEETING/DIVIDEND RS 7 PER SHARE
5-Jul-12    Geojit BNP Paribas Financial Services Limited    GEOJITBNPP     ANNUAL GENERAL MEETING/DIVIDEND RE 0.75 PER SHARE
5-Jul-12    Dish TV India Limited                              DISHTV       ANNUAL GENERAL MEETING
5-Jul-12    Zee News Limited                                  ZEENEWS       ANNUAL GENERAL MEETING
5-Jul-12    Rane Brake Lining Limited                           RBL         ANNUAL GENERAL MEETING/DIVIDEND RS 3 PER SHARE



                                                                       4
Mansukh Securities and Finance Ltd                                             SEBI 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-
                                                                               DP-NSDL-140-2000
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
                                                                               MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293
Website: www.moneysukh.com
Weekly Market Outlook
                                                                                                                            make more, for sure.


                             EQUITY CALLS PERFORMANCE FOR THE WEEK ENDED 22nd June 2012
      Total No. of Calls                    Profitable Calls                Positional/Hold                 Exit/Stop Loss              Success Rate
               30                                  19                                0                             11                       63.33%




                    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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                                                                           5
Mansukh Securities and Finance Ltd                                                       SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
                                                                                      SEBI 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
                                                                                      DP-NSDL-140-2000
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
                                                                                      MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293
Website: www.moneysukh.com

				
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