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					MORNING NOTE                                                                                                                  29 February 2012

Indian Indice s
Index                     Curre nt Value         1D%            YTD %
                                                                           Investment Ideas for the week
Sensex                         17731              1.64           14.73                              M cap               Target   P otential Upside
                                                                           Scrip                                CM P                                 Reco
                                                                                                  (Rs Crore )           P rice          (%)
Nifty                           5376              1.79           16.24
                                                                           LUPIN                   21,031       471     540            14.7          Buy
BSE - Mid Cap                   6317              3.40           23.03
                                                                           MOTHERSON SUMI           6,864       177     211            19.1          Buy
BSE - Sml Cap                   6818              2.78           22.84
SGX Nifty Fut                   5483              0.69           18.51

                                                                           Market Commentary
S ectors –Pe rformance
Auto                            9995              3.04           22.73     Amidst mixed cues from global peers the markets opened on a positive
Bankex                         12045              3.93           31.59     note and moved higher in the morning session. The markets trimmed
Capital Goods                  10595              4.02           31.33
                                                                           some of the gains in the afternoon session but regained momentum in the
Con. Durables                   6518              3.12           23.34
                                                                           late session ending the day on a positive note. All the sectoral indices
FMCG                            4197              (0.13)          4.01     except IT & FMCG gained with Realty & Capital Goods gaining the most.
Healthcare                      6315              1.11            7.57
                                                                           Among the Sensex stocks BHEL (6.74%), Hindalco (4.97%) and SBI
IT                              6144              (0.56)          6.81
                                                                           (4.92%) were the gainers while TCS (1.80%), Wipro (0.93%), and ITC
Metal                          11880              3.43           27.84
                                                                           (0.80%) were among the losers. The Sensex gained 285 points or 1.64%
Oil & Gas                       8497              1.31           12.85
                                                                           to close at 17,731 and the Nifty gained 94 points or 1.79% to close at
PSU                             7649              2.99           20.17
                                                                           5,376.
Power                           2274              3.57           26.62
Realty                          1934              5.91           40.61     Total traded turnover stood at Rs 108,836 cr. In equities FIIs were net
Teck                            3606              0.01            6.67
                                                                           buyers of (Rs 728 cr) while DIIs were net sellers of (Rs 587 cr). On the
IPO                             1529              2.61           17.54
                                                                           derivatives side, FIIs were net buyers in Index Futures (Rs 940 cr) Index
                                                                           Options (Rs 1048 cr) and Stock Options (Rs 4 cr) while they were net sellers
Global Indices
Index                     Curre nt Value         1D%            YTD %
                                                                           in Stock Futures (Rs 492 cr).
Dow Jones                      13005              0.18            6.45
Dow Futures                    13004              0.05            7.03     The US markets ended higher as consumer confidence index was reported
Nasdaq                          2987              0.69           14.65     at highest levels in a year and further cooling of crude prices. The Dow
DAX                             6888              0.56           16.77     Jones gained 24 points or 0.18% to close at 13,005 and the NASDAQ
Nikkei 225                      9862              1.44           16.64     gained 21 points or 0.69% to close at 2,987.
FTSE 100                        5928              0.21            6.38
Hang Seng                      21674              0.49           17.57
                                                                           The Asian markets are trading higher. Nikkei is trading higher by 1.44%
Shanghai A Sha                  2437              (0.60)         10.81
                                                                           and Hang Seng is currently trading higher by 0.49%.
Bovespa                        65959              1.10           16.22
Strait Times                    2988              0.62           12.91
                                                                           Asian stocks are trading higher on better than expected industrial

FII Trading activities in Cash
                                                                           production from Japan and strong data consumer confidence data from
FII trading activity on NSE & BSE in Capital Marke t Segment (Rs.Cr)       US. Domestic markets are also expected to open on a positive note and
Category         Da te     Buy V alue        Sell Value        Net Value   cues will be taken from the domestic Q3 GDP numbers and quantum of
FII             28-Feb       2938              2210               728
                                                                           liquidity infusion by the ECB scheduled later in the day.
DII             28-Feb       1284              1871              (587)



Source: NSE, Bloomberg; As on 8.30 am IST
                                                                                   1
FII Trading activities in F&O                                               Corporate News
FII Derivatives Statistics for 28/02   Buy (cr)   Sell (cr)   OI EOD (cr)
Index Futures                            2479      1538         13192       l   GMR Infrastructure is reportedly in talks with private equity investors
Index Options                           14717      13670        39314
                                                                                to raise ~$200 mn by selling stakes in road projects.
Stock Futures                            1842      2334         27974
Stock Options                            710        706          1068
                                                                            l   The Empowered Group of Ministers (EGoM) has agreed to allow
Market volatility                                                               ONGC to disinvest 5% of its stake through a share auction. The 5%

                                       Latest     Avg MTD     Avg YTD           share sale in ONGC is likely to fetch the government ~Rs 12,000 cr.

CBOE VIX                                  21       (6.08)       (24.86)
NSE VIX                                   26       19.12        (4.65)      l   Shasun Pharmaceuticals' board has approved to sell 11.93% stake to
                                                                                US- based healthcare investment firm OrbiMed for
Fixed Income and Forex Rates                                                    Rs 50 cr. The company has received an offer from Caduceus Asia
Interbanks Rates                        Latest    BPS 1D       BPS YTD          Mauritius Ltd to invest Rs 50 cr into the company at a price of Rs 76
MIBOR                                    8.65      (3.57)       (3.53)
                                                                                per share. Proceeds from the issue would be used to part finance the
2 Y GSec India                           8.04       0.01        (0.84)
                                                                                ongoing capital expenditure plans of the company for FY'13, which
10 Y GSec India                          8.21      (0.01)       (4.13)
10 Y GSec US 10                          1.95       0.18         3.73           includes building a new manufacturing facility in Vizag.
10 Y GSec UK 10                          2.02      (0.69)        1.97
10 Y GSec Japan 10                       0.97       0.31        (1.82)
LIBOR - 1 Month                          0.24       0.00        (17.37)
LIBOR - 3 Month                          0.49      (0.33)       (16.09)
LIBOR - 6 Month                          0.75      (0.21)       (7.17)
LIBOR - 1 Year                           1.06      (0.29)       (5.76)




Rates                                   Latest    BPS 1D       BPS YTD
INR/USD                                 49.08       0.32         8.12
INR/EUR                                 65.97       0.02         4.20
INR/GBP                                 77.78       0.45         5.98
INR/YEN (100)                             61        0.07        13.55
INR/SGD                                  39.2      (0.41)        4.41
USD/EUR                                  1.35       0.15         3.99
USD/GBP                                  1.59       0.13         2.43
USD/GBY                                 80.58      (0.15)       (4.55)
USD/AUD                                  0.92      (0.43)       (5.59)
USD/SGD                                  1.25       0.35         3.99




Source: NSE,RBI,Bloomberg
                                                                                  2
Commodities                                                                    Corporate News
Pa rticular                         Curre nt     % Change        % YTD
                                                                               l      Tata Consultancy Services has bagged a contract from South Africa's
Gold (US $/t oz)                      1787           0.17            14.29
Silver (US $/t oz)                     37            0.15            32.75            Nedgroup Insurance Company (NIC) for deploying its financial
Oil (Brent-US$/bbl)                    122           0.46            14.56            services platform. The financial details of the contract were not
Oil (Nymex-US $/bbl)                   107          (1.85)            7.81            disclosed. TCS BaNCS Insurance, part of the company's financial
Baltic Dry Index                       738           1.10            (57.54)          services platform, will serve as the new policy administration system
Dollar Index                           78           (0.09)           (2.49)
                                                                                      for Nedgroup short-term insurance services.

M etals
                                                                               Indian Economy
Aluminium (US $ /MT)                  2283          (0.27)           14.46
Copper (US $ /MT)                     8604           0.57            13.35
                                                                               Performance of eight core Industries - YoY%
Lead (US $ /MT)                       2228           0.36            10.77
                                                                                    Item        Jan-12   Jan-11        Dec-11        Apr-Jan'11   Apr-Jan'10
Nickel (US $ /MT)                    19692          (1.89)            5.17
                                                                               Infra Index      0.50      6.40          3.10           4.10          5.70
Tin (US $ /MT)                       24022           1.49            25.45
                                                                               Cement           10.60     1.80          13.30          6.00          4.10
Zinc (US $ /MT)                       2110           1.15            15.45     Coal             7.50     (1.20 )        5.60          (1.50)         0.60
Steel Billetes (US $/MT)               520           1.51            (3.35)    Crude            (2.00)    10.80         (5.60)         1.50         11.90
                                                                               Electricity      2.40      9.70          8.00           8.60          5.20
Steel HRC (US $/s.ton)                 630           0.00             9.09
                                                                               Fertiliser        4.00     5.90           0.80         (0.10)        (0 .80)
Iron Ore (US $ /MT)                    138           0.03             1.37
                                                                               NaturalGas       (8.90)   (6.30 )       (10.80)        (8.80)        14.40

                                                                               Refinery         (4.50)    8.70          0.80           3.10          2.40
                                                                               Fin.Steel        (2.90)    8.70          2.20           7.00          8.40
Soda Ash (75Kg)                       1000             -              2.56
Rubber (Rs/Kg)                         188           0.29            (4.95)
Sugar (Rs/Qtl)                        2890           0.00            (1.20)
Tea (BP1) (US $/Kg)                   3.38           0.00            17.19
Urea (US $/MT)                         520           0.00            35.06
DAP (US $/MT)                          518           0.00            (14.17)
Newsprint (US/MT)                      664           0.00            (0.08)




Source: Bloomberg,Reuters;* - As on 8.30 am IST, CSO , ENAM Direct
                                                                                            3
      NIFTY OUTLOOK
      NIFTY OUTLOOK                                                                                                          4919
                                                                                                                               5375
                                                               The benchmark indices opened the session on a positive note in line with the global cues and
                                                               traded with positive bias throughout the session. Nifty closed the session near the day's high at
                                                               5375, gaining 94 points.
        NIFTY K EY STATS
                                                               On the daily chart, Nifty has formed a bull candle with day's high-low range of just 85 points. This
       NIFTY TREND                                             price action was restricted within its previous session's range indicating that its past four session's
       13EMA                                            5410   down move would likely be arrested for the near term. In the last two sessions index has formed a
       55EMA                                            5172   Bullish Harami candlestick pattern which signals neither the bulls nor the bears were able to move

       200EMA                                           5179   the index beyond the previous range and hence indecisiveness prevails with valiant moves on
                                                                                                                              SENSEX
                                                               either side. A clear move on either side of the inside day formation would likely indicate a shift of
                                                               trend in the near term. For the day 5392 on the upside and 5306 level on the downside would act
                                                               as key levels to be watch out for the directional cues. If Nifty decisively trades and sustains above
                                                               the 5392, it would trigger a further upside in the range of 5450-5470 levels. A Nifty close above
                                                               5400 would indicate continuation of the current uptrend. However any violation of the intraday
                                                               support of 5350 would drag index lower and it may retest 5305- 5268 levels.

                                                               The daily strength indicator RSI is placed below the 50 mark and also below its reference line
                                                               suggesting weakness on the short term chart. However the daily momentum oscillator Stochastic
                                                               has turned up from the oversold territory indicating probable upside in the near term.

         BULLISH              - Clear uptrend seen.            The trend deciding level for the day is 5360, If NIFTY trades above this level then we may witness a
         MODERATELY BULLISH   - Some Strenth seen.             further rally up to 5410-5440-5495 levels. However, if NIFTY trades below 5360 levels then we
         NEUTRAL              - No Clear trend Seen.           may see some profit booking initiating in the market, it may correct up to 5325-5275-5240 levels.
         BEARISH              - Clear Downtrend seen.
         MODERATELY BEARISH
                                                               Stocks to focus for intraday Long: Sintex, Rec Ltd., Tata Mot., JindalSaw, Orchid Chem, BhusanStel
                              - Some Weakness seen.

                                                               Stocks to focus for intraday Short: ABB, Sunpharma




Source: ENAM Direct
                                                                       4
                                                            CRUCIAL LEVELS - NIFTY 50
  Sc rip               La st R ate   Sup p o rt2    Su pp o rt1     Pivo t    R es is tan c e1   R es is t anc e 2   H ig hR at e   L ow R ate
  S &P C NX NIF T       5,3 75 .50     5 ,44 2.33       SENSEX 57 .68
                                                      5,40 8.9 2 5,3               5 ,3 2 4.27         5 ,27 3.0 3    5,39 1.1 0     5 ,3 0 6.45
  ACC                   1,2 88 .65     1 ,32 1.42     1,30 5.0 3 1,2 85 .52        1 ,2 6 9.13         1 ,24 9.6 2    1,30 1.9 0     1 ,2 6 6.00
  A M BU JA C E M         1 63 .05        16 7.92       16 5.4 8   1 62 .82           1 6 0.38            15 7.7 2      16 5.2 5        1 6 0.15
  A X IS B A NK         1,1 70 .55     1 ,22 7.42     1,19 8.9 8 1,1 59 .57        1 ,1 3 1.13         1 ,09 1.7 2    1,18 8.0 0     1 ,1 2 0.15
  B A JA J-A U T O      1,7 66 .50     1 ,81 6.93     1,79 1.7 2 1,7 52 .03        1 ,7 2 6.82         1 ,68 7.1 3    1,77 7.2 5     1 ,7 1 2.35
  B H AR T IA RT L        3 43 .25        35 4.82       34 9.0 3   3 44 .12           3 3 8.33            33 3.4 2      34 9.9 0        3 3 9.20
  B H EL                  3 08 .50        32 2.63       31 5.5 7   3 03 .93           2 9 6.87            28 5.2 3      31 1.0 0        2 9 2.30
  B PC L                  6 52 .70        67 8.90       66 5.8 0   6 56 .90           6 4 3.80            63 4.9 0      67 0.0 0        6 4 8.00
  C A IRN                 3 66 .85        38 5.58       37 6.2 2   3 69 .13           3 5 9.77            35 2.6 8      37 8.5 0        3 6 2.05
  C IP L A                3 19 .20        32 6.70       32 2.9 5   3 18 .55           3 1 4.80            31 0.4 0      32 2.3 0        3 1 4.15
  C O A LIN D IA          3 30 .45        33 6.42       33 3.4 3   3 28 .47           3 2 5.48            32 0.5 2   SENSEX
                                                                                                                        33 1.4 5        3 2 3.50
  DLF                     2 25 .85        23 4.62       23 0.2 3   2 23 .42           2 1 9.03            21 2.2 2      22 7.8 0        2 1 6.60
  D R RE D DY           1,6 48 .05     1 ,66 6.88     1,65 7.4 7 1,6 45 .43        1 ,6 3 6.02         1 ,62 3.9 8    1,65 4.8 5     1 ,6 3 3.40
  G AIL                   3 74 .20        38 1.33       37 7.7 7   3 74 .93           3 7 1.37            36 8.5 3      37 8.5 0        3 7 2.10
  G RA S IM             2,7 43 .15     2 ,80 5.65     2,77 4.4 0 2,7 45 .70        2 ,7 1 4.45         2 ,68 5.7 5    2,77 6.9 5     2 ,7 1 7.00
  H C LT E C H            4 82 .30        49 5.40       48 8.8 5   4 80 .65           4 7 4.10            46 5.9 0      48 7.2 0        4 7 2.45
  H D FC                  6 70 .05        68 7.02       67 8.5 3   6 73 .52           6 6 5.03            66 0.0 2      68 2.0 0        6 6 8.50
  H D FC BA NK            5 30 .50        54 5.90       53 8.2 0   5 25 .70           5 1 8.00            50 5.5 0      53 3.4 0        5 1 3.20
  H ER OM OTOC O        1,9 66 .20     2 ,01 0.60     1,98 8.4 0 1,9 64 .70        1 ,9 4 2.50         1 ,91 8.8 0    1,98 6.9 0     1 ,9 4 1.00
  H IN DA L CO            1 46 .60        15 3.27       14 9.9 3   1 45 .47           1 4 2.13            13 7.6 7      14 8.8 0        1 4 1.00
  H IN DU N ILV R         3 81 .25        38 5.72       38 3.4 8   3 81 .77           3 7 9.53            37 7.8 2      38 4.0 0        3 8 0.05
  I CIC IB AN K           9 10 .80        93 3.20       92 2.0 0   9 08 .60           8 9 7.40            88 4.0 0      91 9.8 0        8 9 5.20
  I DF C                  1 40 .10        14 6.83       14 3.4 7   1 37 .63           1 3 4.27            12 8.4 3      14 1.0 0        1 3 1.80
  I NF Y                2,8 72 .40     2 ,93 4.17     2,90 3.2 8 2,8 79 .12        2 ,8 4 8.23         2 ,82 4.0 7    2,91 0.0 0     2 ,8 5 4.95
  I TC                    2 10 .70        21 4.87       21 2.7 8   2 11 .42           2 0 9.33            20 7.9 7      21 3.5 0        2 1 0.05
  J IN DA LS T E L        5 93 .65        61 1.85       60 2.7 5   5 90 .90           5 8 1.80            56 9.9 5      60 0.0 0        5 7 9.05
  J P AS S O CI AT          74 .90         7 8.50        7 6.7 0     73 .50             7 1.70             6 8.5 0       7 5.3 0          7 0.30
  K O T AK BA NK          5 51 .20        57 7.07       56 4.1 3   5 54 .07           5 4 1.13            53 1.0 7      56 7.0 0        5 4 4.00
  LT                    1,3 48 .80     1 ,41 0.13     1,37 9.4 7 1,3 28 .73        1 ,2 9 8.07         1 ,24 7.3 3    1,35 9.4 0     1 ,2 7 8.00
  M&M                     7 04 .10        71 7.70       71 0.9 0   7 04 .20           6 9 7.40            69 0.7 0      71 1.0 0        6 9 7.50
  M A RU T I            1,2 69 .60     1 ,29 9.83     1,28 4.7 2 1,2 63 .88        1 ,2 4 8.77         1 ,22 7.9 3    1,27 9.0 0     1 ,2 4 3.05
  N TPC                   1 80 .05        18 5.35       18 2.7 0   1 81 .15           1 7 8.50            17 6.9 5      18 3.8 0        1 7 9.60
  O NG C                  2 83 .40        29 0.47       28 6.9 3   2 82 .47           2 7 8.93            27 4.4 7      28 6.0 0        2 7 8.00
  P NB                    9 51 .30     1 ,00 2.13       97 6.7 2   9 44 .48           9 1 9.07            88 6.8 3      96 9.9 0        9 1 2.25
  P O W E R G RI D        1 11 .80        11 4.63       11 3.2 2   1 11 .98           1 1 0.57            10 9.3 3      11 3.4 0        1 1 0.75
  R A NB AX Y             4 28 .55        43 6.12       43 2.3 3   4 27 .57           4 2 3.78            41 9.0 2      43 1.3 5        4 2 2.80
  R C OM                    94 .30         9 8.87        9 6.5 8     92 .62             9 0.33             8 6.3 7       9 4.9 0          8 8.65
  R E LI AN CE            7 96 .50        80 7.50       80 2.0 0   7 94 .85           7 8 9.35            78 2.2 0      80 0.3 5        7 8 7.70
  R E LI NF RA            6 01 .80        65 6.53       62 9.1 7   5 86 .63           5 5 9.27            51 6.7 3      61 4.0 0        5 4 4.10
  R POW ER                1 18 .40        12 5.50       12 1.9 5   1 16 .10           1 1 2.55            10 6.7 0      11 9.6 5        1 1 0.25
  S AIL                     99 .75        10 3.15       10 1.4 5     99 .10             9 7.40             9 5.0 5      10 0.8 0          9 6.75
  S BIN                 2,2 31 .25     2 ,32 9.98     2,28 0.6 2 2,2 05 .63        2 ,1 5 6.27         2 ,08 1.2 8    2,25 5.0 0     2 ,1 3 0.65
  S E S AG O A            2 08 .10        21 5.83       21 1.9 7   2 08 .48           2 0 4.62            20 1.1 3      21 2.3 5        2 0 5.00
  S IE M E NS             8 11 .50        84 6.37       82 8.9 3   7 98 .52           7 8 1.08            75 0.6 7      81 5.9 5        7 6 8.10
  S TER                   1 21 .20        12 5.47       12 3.3 3   1 19 .87           1 1 7.73            11 4.2 7      12 2.0 0        1 1 6.40
  S UN P HA R MA          5 46 .35        55 7.15       55 1.7 5   5 47 .45           5 4 2.05            53 7.7 5      55 2.8 5        5 4 3.15
  T AT A M O T O R S      2 73 .35        28 3.72       27 8.5 3   2 70 .27           2 6 5.08            25 6.8 2      27 5.4 5        2 6 2.00
  T AT A P O W E R        1 12 .15        11 4.85       11 3.5 0   1 11 .75           1 1 0.40            10 8.6 5      11 3.1 0        1 1 0.00
  T AT A S T E E L        4 59 .80        47 1.67       46 5.7 3   4 56 .07           4 5 0.13            44 0.4 7      46 2.0 0        4 4 6.40
  T CS                  1,2 26 .55     1 ,27 6.65     1,25 1.6 0 1,2 35 .35        1 ,2 1 0.30         1 ,19 4.0 5    1,26 0.4 0     1 ,2 1 9.10
  W IP R O                4 20 .25        43 5.62       42 7.9 3   4 23 .22           4 1 5.53            41 0.8 2      43 0.9 0        4 1 8.50



Source: ENAM Direct
                                                                         5
    CALL TRACKER

Issue Da te     Buy / Sell   Stock                 Call Type    Reco P rice   Stop Loss   Target 1    LTP (Clos e Rate) Diff %     S tatus   Remarks
  21-02-2012      Buy        Tata Motors            Intraday        270.50       268.00      278.00        271.00           0.2    Closed     Clos ed @ 271
  21-02-2012      Buy        Adani Ent              Intraday        422.00       417.00      432.00        417.00          (1.2)   Closed     Stop Loss Trigg
  21-02-2012      Buy        VIP                    Intraday        117.50       116.00      124.00        122.80           4.5    Closed     Book profit
  21-02-2012      Buy        Heromotoco               BTST         2142.00      2128.00     2200.00       2157.00           0.7    Closed     Book profit
  22-02-2012      Buy        Educomp                Intraday        243.10       240.00      248.50        240.00          (1.3)   Closed     Stop Loss Trigg
  22-02-2012      Buy        Tata Motors            Intraday        274.50       271.00      284.00        271.00          (1.3)   Closed     Stop Loss Trigg
  22-02-2012       Sell      Can Bk                 Intraday        552.00       555.00      545.00        545.00           1.3    Closed    Book profit
  22-02-2012       Sell      Voltas (Future)       Positional
                                                                     SENSEX
                                                                    116.00       120.00      108.00        108.00           6.9    Closed    Book profit
  22-02-2012      Buy        VIP                    Intraday        123.50       121.00      130.00        121.00          (2.0)   Closed    Stop Loss Trigg
  22-02-2012       Sell      JSWSteel (Future)     Positional       833.50       845.00      808.00        808.00           3.1    Closed    Book profit
  22-02-2012       Sell      Bajaj Auto (Future)   Positional        SENSEX
                                                                   1822.50      1840.00     1770.00       1826.00          (0.2)   Closed    Clos ed @ 1826
  23-02-2012       Sell      Hindalco               Intraday        148.50       152.00      143.00        149.00          (0.3)   Closed    Clos ed @ 149
  23-02-2012      Buy        Reliance               Intraday        839.00       835.00      855.00        839.80           0.1    Closed    Clos ed @ 839.8
  23-02-2012       Sell      Bharti Airtel          Intraday        342.00       346.00      334.00        337.65           1.3    Closed    Book profit
  23-02-2012      Buy        SBI                    Intraday       2302.50      2287.00     2335.00       2290.00          (0.5)   Closed    Clos ed @ 2290
  23-02-2012      Buy        TCS                    Intraday       1263.00      1254.00     1285.00       1264.00           0.1    Closed    Part Booked @ 1264 & SL Triggered
  23-02-2012      Buy        IDFC                   Intraday        145.00       143.50      147.50        147.50           1.7    Closed    Book profit
  23-02-2012      Buy        Orchid                 Intraday        179.00       177.00      183.00        181.00           1.1    Closed    Book profit
  24-02-2012      Buy        Yes Bk                 Intraday        355.50       352.00      366.00        352.00          (1.0)   Closed    Stop Loss Trigg
  24-02-2012      Buy        Pantaloon              Intraday        181.00       177.00      189.00        179.00          (1.1)   Closed    Clos ed @ 179
  24-02-2012       Sell      HeroMotoco             Intraday       2072.00      2084.00     2048.00       2084.00          (0.6)   Closed    Stop Loss Trigg
  24-02-2012      Buy        Tata Motors            Intraday        268.50       266.00      276.00        266.00          (0.9)   Closed    Stop Loss Trigg
  24-02-2012       Sell      Bajaj Auto (Future)      STBT         1788.00      1800.00     1755.00       1775.00           0.7    Open      Technical Call




Source: ENAM Direct
                                                                                          6
   NIFTY OUTLOOK                               4919
   CALL TRACKER & STRIKE RATE FOR THE WEEK ENDED 24 February 2012
Category                                       Month               Status            Diff %     Strike Rate    No. of calls
Technical                                      February            Closed             10.5         56%             22
                                                                   Open               0.7          71%              1
Technical Total                                                                       11.2         57%             23




   MONTHLY CALL TRACKER & STRIKE RATE

Category                            Month                 Status       Agreegate Returns %    Strike Rate     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              77.4               50%             152
                                   December               Closed              45.2               50%             107
                                    January               Closed              157.6              60%             147
                                    February              Closed              82.5               53%             109
                                                          Open                 0.7                                 1
Technical Total                                                               634.9                              1309




Source: ENAM Direct
                                                     7
 Investment Picks
C ompany               Targ et Pri ce   CMP    Targ et Pr ice/ C MP (%)
Astral Poly                 216         186             16%
Bharti Airtel               471         343             37%
Biocon                      380         276             38%
Cadila Healthcare           834         692             21%
Coal India                  419         331             27%
Coromandel Intl             400         279             44%
Divi's Lab                  877         724             21%
Dr Reddys Lab               1850        1646            12%
Elgi Equipments              91          73             24%
HSIL                        195         142             37%
Jain Irrigation             133         106             26%
Jaiprakash Power Ven         62          44             41%
JP Associates                90          75             20%
Jubilant Life               250         194             29%
KPIT Cummins                194         167             16%
Monnet Ispat                603         480             26%
NMDC                        235         179             31%
Orient Paper                 87          57             53%
Oriental Bank               340         279             22%
Phoenix Mills               249         197             26%
Piramal Glass               163         106             54%
PNB                         1175        952             23%
Prestige Estates            146         103             42%
Redington                   127          90             41%
Tube Invst                  173         137             26%




Source: ENAM Direct
                        8
Ec onomic events for the day
C ount ry                        Ev en t                                                   Local/GMT           Expect ed                   Pr ev ious
                                                                  SENSEX
IN                               Quarterly GDP -YoY% (Oct-Dec'11)                           11.00 AM             6.3%                        6. 9%

US                               GDP QoQ (Annualized ) - (Oct-Dec'11)                       7.00 PM              2.8%                        2. 8%



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

HDFC Bank                       530                       3.29                 24.15      Tata Consultancy       1228             (1.80)             5.72
SBI                            2230                       4.92                 37.67      ITC                     211           (0.80)               4.62
                                                                                                                             SENSEX
ICICI Bank                      911                       2.69                 33.03      Infosys                2871             (0.31)             3.85
Reliance Inds                   796                       1.90                 14.89      Cairn India             367             (2.51)             17.15
L &T                           1347                       3.55                 35.39      Wipro                   420             (0.93)             5.39



Insight from trading volumes

Scr ip                                   % Chg i n Qt y Tr ad ed (OverA vg 30d ay s)   Qty Trad ed (‘00 0s)   D el ivery %                  CMP*
Oberoi Realty                                                643                                1515               96                         266
Guj Gas                                                      219                                  389              80                         397
Redington India                                              209                                1265               98                         90
Oracle Finacial                                              176                                  720              27                        2666
Union Bank                                                   87                                 3500               53                         234
Aurobindo Pharma                                             66                                 3337               17                         113
Asian Paints                                                 57                                   173              71                        3155



Insight from delivery
                                                                                                              3 0 days avg
Scr ip                                                   Deliv er y %                  Tot al Vo lume “ 000                                 CMP*
                                                                                                              D el ivery %
Guj Gas                                                      80                                   389              50                         397
Crompton Greaves                                             59                                 2074               35                         145
Bharat Forge                                                 66                                   598              44                         312

IndusInd Bank                                                63                                 1245               44                         304
Redington India                                              98                                 1265               81                         90

*CMP- Closing Market P ric e



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


CVCIGP II CLIENT ROSEHILL                     K S Oils                        S                     2768                   0.65                      8




                                                                                  9
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