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Backup_of_Morning Notes June 7_ 2011

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					Morning Notes



                                                                                                                                             7 June, 2011
Market Outlook:
                                                                                   NSE Nifty                                                    5532.05
          Wall Street witnessed further downside in trade on Monday as             BSE Sensex                                                  18420.11
concerns about the economy continued to weigh on the markets
following last Friday’s disappointing employment data. Key averages
                                                                                                                   NSE Nifty BSE Sensex
in Asia are trading mixed in the morning.                                           R1                                    5578                     18540
                                                                                    R2                                    5544                     18418
           Back home, major indices will continue with their narrow                 Critical Level                        5510                     18285
movement on Tuesday as well. The NSE Nifty may open in the red and                  S1                                    5476                     18156
                                                                                    S2                                    5450                     18035
shall try to find Support around 5510 level. If the index consistently
holds and sustains above this level, we might see some Intra-day                                           Most Active ADRs
upmove. The first Resistance for the day is seen at 5544, higher to which          Script                       Last Close         Change         % Change
                                                                                    Dr. Reddys Lab                   35.95           (0.02)          (0.06)
further positivism is expected. Once the benchmark crosses-over 5544,               HDFC Bank                       162.33            1.53            0.95

it will try to Target higher Resistance at 5578 level. Nevertheless, below          ICICI B ank                      46.43            0.09            0.19
                                                                                    Infosys Technologies             63.28            0.64            1.02
Critical, weakness may persist. First Support for the day comes at 5476,            MTNL                             1.98            (0.04)          (1.98)
                                                                                    Rediff.com                       9.48            (0.80)          (7.78)
lower to which Major Support for the Short-Term exists at 5450 mark.
                                                                                    SIFY Ltd                         4.78            (0.45)          (8.60)
                                                                                    Sterlite Industries              14.77           (0.25)          (1.66)
                                                                                    Tata Motors Ltd                  22.53           (0.28)          (1.23)

Global Market Scenario:                                                             Tata Communication
                                                                                    Wipro
                                                                                                                     9.76
                                                                                                                     13.81
                                                                                                                                     (0.16)
                                                                                                                                      0.12
                                                                                                                                                     (1.61)
                                                                                                                                                      0.88


        US Stocks fell on Monday on concerns about slowing while                                     Global Indices (08:30 am)
uncertainty about Geeek bailout also kept pressure. The Dow Jones                   Country                     Index             Last Close        Change
industrial average fell 0.5%. The S&P 500 slipped 1.1% and The Nasdaq               US
                                                                                                                NYSE               12089.96          (61.30)
                                                                                                                NASDAQ              2702.56          (30.22)
Composite too slipped 1.1%.
                                                                                    UK                          FTSE                5863.16           8.15
                                                                                    Germany                     Xtra Dax            7084.57          (24.46)
                                                                                    France                      CAC 40              3863.40          (27.28)
       European stock markets extended recent losses on Monday amid
                                                                                    Russia                      RTS Index           1856.29           (9.35)
renewed fears over the slowing global economy. The DAX 30 lost 0.3%                 Japan                       Nikkei 225          9401.80           21.45
and The CAC 40 slid 0.7%. However, The FTSE 100 added 0.1%.                         Hong Kong                   HangSeng           22781.15          (173.78)
                                                                                    China                       SSE Composite       2734.98           6.94

        Crude oil prices fell ahead of an OPEC meeting weighed by                   Korea                       Kospi               2095.08          (18.39)
                                                                                    Taiwan                      TWII                9013.28          (33.00)
growing signs that high prices are destroying energy demand in the west.            Argentina                   Merval              3122.08          (42.89)
Currently Nymex is trading around $98 levels whereas Brent above $114               Brazil                      Bovespa            63067.73         (1272.77)
levels.                                                                             Maxico                      MXSE IPC           34673.48          (450.41)
                                                                                    Saudi Arabia                Tadawul Index         0.00            0.00
        Asian markets are trading mixed. Japan’s Nikkei 225 and
China’s Shanghai Composite gained marginally while Singapore’s Strait                                             Spot Rates
Times, Hong Kong’s Hang Seng and Taiwan’s Taiwan Weighted fell in
                                                                                    Crude Oil                                                   $98.43
the range of 0.3-0.5%.
                                                                                    Gold                                                       $1,543.05

                                                                                    Silver                                                      $36.64

                                                                                    Indian `/US$                                                 44.81
                               Global Economic Calender
                                                                                    10 Year Bond Yield (India)                                   8.261
  Time                  Country                     Event
       5:00 AM           Eurozone              Retail Sales (M-o-M)/(Y-o-Y)                               Stocks To Watch
       6:00 AM            Germany          Factory Goods Orders (M-o-M)/(Y-o-Y)   SAIL, Maruti Dr. reddy, Adanipower, Gitanjali
         3:00 PM        United States                Consumer Credit              ..................................................,.......................Page2



*US Eastern Time Zone
      Corporate News / Announcements:
                                                                                                             160

SAIL to invest Rs 70,000 cr on mills, mines in next 3 years: Steel Authority of India
Ltd (SAIL) is planning to invest Rs 70,000 crore in the next two to three years to                           155



expand its hot metal capacity to 23.46 million tonnes per annum (mtpa) from 13.8 mtpa                        150




                                                                                                    Price
at present. The investment includes modernisation and expansion of iron ore mining
                                                                                                             145
capacity.
                                                                                                             140
Support – 142,139; Resistance- 148,151
                                                                                                             135
                                                                                                                     10-May 12-May 16-May 18-May 20-May 24-May 26-May 30-May       1-Jun        3-Jun




                                                                                                    1260
Maruti Suzuki in talks with workers as strike halts production: Maruti Suzuki said
on Monday its management was in talks with workers at its plant in the northern state of            1245


Haryana where a strike has disrupted production. Production at the Manesar plant,                   1230
which produces about 1200 vehicles a day, has been halted after a section of workers




                                                                                            Price
went on strike on Saturday, said a spokesman for Maruti.                                            1215



Support – 1222,1214; Resistance -1244,1250                                                          1200



                                                                                                    1185
                                                                                                              10-May 12-May 16-May 18-May 20-May 24-May 26-May 30-May              1-Jun        3-Jun




Dr Reddy’s Labs launches three generic products in USA: Dr Reddy's Laboratories                              1680


announced today that it launched three generic drugs in the US market . The drugs are                        1660

                                                                                                             1640
used to treat central nervous system disorders and were all approved by the US drug                          1620

regulator in the last two weeks.




                                                                                                    Price
                                                                                                             1600


Support -1595,1588; Resistance- 1618,1622                                                                    1580

                                                                                                             1560

                                                                                                             1540

                                                                                                             1520
                                                                                                                      10-May 12-May 16-May 18-May 20-May 24-May 26-May 30-May      1-Jun        3-Jun




                                                                                                                      120
Adani Power set to complete 1,000-km transmission line: Adani Power Ltd which
synchronised the second supercritical coal-fired thermal power unit of 660 MW at                                     117.5

Mundra last week, is all set to complete the 1,000-km-long transmission line to
Mohindergarh in Haryana in the second quarter of 2011-12, and will start power
                                                                                                             Price




                                                                                                                      115


supply next year.
                                                                                                                     112.5
Support -108,106; Resistance -116,119
                                                                                                                      110
                                                                                                                             10-May 12-May 16-May 18-May 20-May 24-May 26-May 30-May    1-Jun     3-Jun




                                                                                                             300

Gitanjali ties up with Emonte to offer Visconti pens in India: The Gitanjali Group
today signed an agreement with Emonte for selling Italian luxury pen brand 'Visconti'                        290


through its retail jewellery stores across the country on an exclusive basis.                                280

Support –286,281; Resistance-295,299
                                                                                                     Price




                                                                                                             270



                                                                                                             260



                                                                                                             250
                                                                                                                      10-May 12-May 16-May 18-May 20-May 24-May 26-May 30-May          1-Jun      3-Jun




      Corporate Actions:
                Scrip Name                     Ex-Date                              Purpose                                                                             Rs.
               Ratnabali Cap                    7-Jun-11                            Dividend                                                                               4
                 Axis Bank                      8-Jun-11                            Dividend                                                                              14
               Goodyear India                   8-Jun-11                            Dividend                                                                               7
                Rallis India                    8-Jun-11                         Final Dividend                                                                           11
                Sonata Soft                     8-Jun-11                         Final Dividend                                                                            1
                   TCS                          8-Jun-11                         Final Dividend                                                                            8
                                         BSE Bench Mark Indices
                                           Scrip-wise Delivery                                                                                                                                Economy / Sector News
Company                                                                                 Delivery %                                    Traded Volume                                           StanChart IDRs hit lifetime low on Sebi norm
        TELEDATAIT                                                                         99.82                                                      227674                                           The Indian Depository Receipts (IDRs) of Standard
                    BIRLACOT                                                               99.32                                                      629080                                  Chartered Plc fell sharply by over 17% on the the Stock
                    MAHLIFE                                                                99.13                                                      181530
                                                                                                                                                                                              Exchanges to hit an all-time low on the bourses on Monday after
                                                                                                                                                                                              SEBI said it will not be required to convert its IDRs into shares.
                    SEINVEST                                                               97.27                                                     1821104                                  SEBI said that Standard Chartered need not convert the IDRs
                    SADBHAV                                                                97.11                                                      207097                                  into the underlying shares, since there was enough liquidity in
                     AVTNPL                                                                96.79                                                        26970
                                                                                                                                                                                              the IDRs.
                     UNIPLY                                                                95.89                                                        11695                                          At the time of IPO, several HNIs and institutions have
                                                                                                                                                                                              purchased StanChart IDRs in the hope that they will get an
               ORIENTPPR                                                                   94.58                                                        96256
                                                                                                                                                                                              opportunity to convert into StanChart shares. However, with
                       BRFL                                                                93.28                                                      352885                                  this regulation, it is clear that such conversion is not possible.
           SUNDARAM                                                                        93.17                                                        33866                                 Hence, the IDR holders will remain to be IDR holders. They will
                                                                                                                                                                                              not be entitled to voting rights.
                            JSL                                                            91.49                                                      209546
 TORNTPHARM                                                                                88.54                                                        18684
                                                                                                                                                                                              Indian state firms eye $1 billion Mozambique deal:
                    TINPLATE                                                               87.38                                                      137842                                          An Indian consortium of five state-run companies plans
               ANANTRAJ                                                                    85.63                                                      286742                                  to bid to buy a 59-per cent stake in Mozambique-based coal
                                                                                                                                                                                              miner Minas de Revuboe for about $1 billion, the Mint
                                                                                                                                                                                              newspaper reported on Monday. The consortium, International
                                  Institutional Activities (Rs. Cr.)
                                                                                                                                                                                              Coal Ventures Ltd, is looking at acquiring the stake in Minas de
Date                                                              MF                                 FII (F&O)                                        FII (Cash)                              Revuboe, which has been put up for sale by Australia's Talbot
June 3                                                          279.90                                  484.66                                                  537.60                        Group.
Net June                                                        -396.20                                3394.54                                                      1378
                                                                                                                                                                                              Steel imports down 65% in April due to slow sales and
Total 2011                                                      1617.20                                50088.66                                                 120.60                        depreciation.
                                                                FII Activity - Equity                                                                                                                  High interest costs, expectations of lower prices due to
                    1500
                                                                                                                                                                                              slow sales and depreciation of the India. rupee against the dollar
                                                                                                                                                                                              have reduced steel imports in the past few months. According to
                    1000
                                                                                                                                                                                              traders and people directly involved in the industry, the fall in
                                                                                                                                                                                              steel imports is most visible in the two sectors particularly hit by
 (Rs. Crore)




                     500                                                                                                                                                                      high interest costs - automobile and real estate and construction.
                                                                                 1222.60




                                                                                                                           1261.30
                                                                                              253.70


                                                                                                            118.60




                                                                                                                                           689.60


                                                                                                                                                           150.80
                                                        35.10




                       0
                                                                                                                                                                                                      While the value-added steel segment has been hit, in
                                                                                                                                                                                              particular its products such as colour coated sheets that have
                               (75.10)


                                            (138.10)




                                                                    (418.50)




                                                                                                                                                                                              been majorly impacted. Imports of cold rolled and galvanised
                    (500)
                             20-May 23-May 24-May 25-May 26-May 27-May 30-May 31-May                                                  1-Jun            2-Jun                                  sheets have also come down, but the impact is lower when
                                                                                                                                                                                              compared to colour-coated sheets, say industry executives.
                                                       FII Activity - Derivatives
                    3000                                                                                                                                            4200000

                    2500                                                                                                                                            4000000


                    2000                                                                                                                                            3800000
                                                                                                                                                                              Open Interest
      (Rs. Crore)




                    1500                                                                                                                                            3600000


                    1000                                                                                                                                            3400000
                                                                                           2901.30




                                                                                                                       2264.38


                                                                                                                                      1545.80


                                                                                                                                                      1364.08




                     500                                                                                                                                            3200000
                              868.23




                                                       514.46


                                                                  580.01


                                                                               205.69




                       0                                                                                                                                            3000000
                                          (206.65)




                                                                                                        (455.68)




                    (500)                                                                                                                                           2800000
                            20-May 23-May 24-May 25-May 26-May 27-May 30-May 31-May 1-Jun                                                            2-Jun

                                                           FII Activity Derivatives                                  Open Interest



                                                                                                                                                                              Bulk Deals
                     Company                                               Exchange                                                                                        Client Name                                       Transaction   Quantity       Price

                              STAN                                             NSE                                                                  ICICI PRUDENTIAL M F A/C DYNAMIC FUND                                           B        2981703       96.98
                              STAN                                             NSE                                                                  SWISS FINANCE CORPORATION (MAURITIUS)                                           B        750000        93.65
                              STAN                                             NSE                                                                          CREDIT SUISSE (SINGAPORE) LIMITED                                       S        3498404       94.37
                              STAN                                             NSE                                                                          CREDIT SUISSE (SINGAPORE) LIMITED                                       S        2051004       97.45
                              STAN                                             NSE                                                                    DEUTSCHE SECURITIES MAURITIUS LTD.                                            S        1300000       96.32
                              STAN                                             NSE                                                   SWISS FINANCE CORPORATION (MAURITIUS) LIMITED                                                  S        7005716       95.7
                              STAN                                             NSE                                                   SWISS FINANCE CORPORATION (MAURITIUS) LIMITED                                                  S        4545367       95.29
                                                                                                                                                                          Futures & Options
                                                                                               Index Futures                                                                                                                                          Nifty 50 Futures Open Interest
Contract*                                                                                                                                     Open                                           Change
                                                                   LTP                           % Change                                    Interest                                         in O/I                             Volume       Company                   Open Interest   % Change
Nifty Futures                                                      5534.2                                  0.24                              24353900                                         -443500                           12352200      ABB                          743750         0.13
Mini Nifty                                                         5534.4                                  0.31                                 838600                                            13620                          777340       ACC                          1142750        2.21
Bank Nifty                                                        10831.15                                 0.72                               1523450                                             39175                          950775       Ambuja Cement               14234000        3.97
CNX IT                                                            6611.65                                  0.81                                   29950                                               -500                        5300        Axis Bank                    3399250        9.96
                                                                                                                                                                                                                                              BPCL                         1631500        8.15
                                               Futures - Top 5 Gainers (by price)                                                                                                                                                             Bharati Airtel              13747000        0.39

Contract                                                                                                                                                Open                                     Change                                       BHEL                         2606750        (0.52)
                                                                            LTP                         % Change                                       Interest                                   in O/I                         Volume
Sun Tv Network                                                              305.1                                 7.38                                 1921500                                        -502500                      8892000    Cairn India                 16041000        (0.26)

Everest Kanto Cylinder                                                      91.8                                  5.39                                 2892000                                        122000                       2210000    Cipla                        3680000        0.11
HDIL                                                                   170.15                                     5.27                                 13082000                                       980000                       8890000    DLF                         21289000        1.94
Alok Industries                                                             27.5                                  4.16                                 73310000                                       2280000                     35980000
                                                                                                                                                                                                                                              GAIL                         2248000        8.15
Container Corporation                                                  1127.8                                     3.75                                  11000                                          -1000                          2500
                                                                                                                                                                                                                                              Grasim Industries            475125         1.47
                                                                                                                                                                                                                                              HCL Tech                     2294500        0.66
                                               Futures - Top 5 Losers (by price)
                                                                                                                                                                                                                                              HDFC Bank                    3604375        1.94
Contract                                                                                                                                                Open                                     Change
                                                                            LTP                         % Change                                       Interest                                   in O/I                         Volume       Hero Honda                   2719500        0.69
Ashok Leyland                                                               49.9                                  -3.68                                10832000                                       492000                       5520000    Hindustan Unilever          23792000        (1.26)
United Phosphorous                                                     160.95                                     -2.83                                5096000                                        182000                       1074000
                                                                                                                                                                                                                                              Hindalco                    15575000        12.45
Lanco Infratech                                                             31.85                                 -2.45                                24092000                                       960000                       3720000
Shree Renuka Sugars                                                         62.9                                  -2.41                                31304000                                       712000                       8372000    HDFC                         4662500        (0.52)

Jaiprakash Associates                                                       83.1                                  -2.18                                34688000                                       942000                      10880000    ICICI Bank                   9335000        2.09
                                                                                                                                                                                                                                              Idea Cellular                9048000        (0.83)
                                                         FII activities (F&O Market) (Rs. Cr.)
                                                                                                                                                                                                                                              Infosys Tech                 3476625        (1.20)
   Date: June 2, 2011                                                                                    Bought                                                           Sold                                                  Net
                                                                                                                                                                                                                                              IDFC                        23364000        25.76
    Index Futures                                                                                          1388.30                                                        1252.75                                              135.55
                                                                                                                                                                                                                                              ITC                         20210000        (2.99)
    Index Options                                                                                          5341.03                                                        3806.26                                              1534.77
                                                                                                                                                                                                                                              JP Associates               35728000        3.19
    Stock Futures                                                                                          1096.50                                                        1424.44                                              (327.94)
    Stock Options                                                                                                195.13                                                   173.43                                                21.70         Jindal Steel & Power         4307500        3.67
                                                                                                                                                                                                                                              L&T                          3129250        1.86
                                                         Spot-Futures Premium Gainers                                                                                                                                                         M&M                          3425500        6.60
                                                                                                                                                        Open                                      Change                                      Maruti Udyog                 2281250        (2.20)
Contract                                                                     LTP                        Premium                                        Interest                                    in O/I                        Volume
                                                                                                                                                                                                                                              NTPC                        17537000        0.22
MRF Ltd                                                              6772.75                                        23                                  74375                                            625                          5375
Oracle Financial Services                                                   2247                                 16.65                                  266250                                         4875                         36625     ONGC                         9648000        2.45

Infosys Technologies                                                 2847.85                                      9.95                                 3426375                                        -48125                        676625    Power Grid                  10384000        0.02
Oil India Ltd                                                               1299                                  9.95                                  23000                                            750                          4000    Punjab National Bank         2395000        2.23
Bharat Electronics                                                   1682.95                                      7.75                                  43625                                          -1875                          5500
                                                                                                                                                                                                                                              Ranbaxy                      2267500        2.86
                                                                                                                                                                                                                                              Reliance Industries         13530500        (0.91)
                                                         Spot-Futures Discount Gainers
                                                                                                                                                                                                                                              Reliance Capital             4707500        0.86
                                                                                                                                                        Open                                      Change
Contract                                                                     LTP                        Premium                                        Interest                                    in O/I                        Volume       Reliance Communications     27146000        0.26
Bajaj Auto Limited                                                   1323.15                                     -38.55                                1412750                                        -11500                        400500    Reliance Infrastructure      5934000        2.24
Motor Industries Co                                                         7136                                  -33.1                                 13375                                           -250                            250   Reliance Power              18578000        0.85
Bajaj Holdings                                                         736.55                                    -30.05                                 87000                                          -1750                          1750
                                                                                                                                                                                                                                              SBI                          4775375        2.66
Punjab National Bank                                                 1052.75                                     -29.85                                2197000                                         41750                        288500
Bank Of Baroda                                                              839.2                                 -13.7                                1450000                                         -5000                        296750    Siemens                      547250         2.53
                                                                                                                                                                                                                                              SAIL                         8168000        (1.08)
                                                                  Nifty Futures-Spot Premium / Discount                                                                                                                                       Sterlite Industries         15626000        (0.20)
                            15.00
                                                                                                                                                                                                                                              Sun Pharma                   2837250        0.42
                            10.00
       Discount - Premium




                                                                                                                                                                                                                                              Suzlon Energy               81936000        (0.12)
                             5.00                                                                                                                                                                                                             TCS                          3462250        (1.41)
                                                                   14.15
                                      4.55




                                                                                      8.45

                                                                                               3.45




                                                                                                                                              0.50

                                                                                                                                                        0.00




                                                                                                                                                                                                               6.75
                                                                                                                                                                                                       8.10




                                                                                                                                                                                                                       2.15




                             0.00                                                                                                                                                                                                             Tata Motors                  9552250        1.84
                                                -0.40

                                                         -4.80




                                                                             -10.30




                                                                                                        -3.30

                                                                                                                  -1.75

                                                                                                                           -3.10

                                                                                                                                    -7.00




                                                                                                                                                                 -9.75

                                                                                                                                                                           -6.25

                                                                                                                                                                                    -5.25

                                                                                                                                                                                              -1.55




                                                                                                                                                                                                                                              Tata Power                   807500         3.23
                            (5.00)

                                                                                                                                                                                                                                              Tata Steel                  19258500        1.74
                            (10.00)
                                                                                                                                                                                                                                              Unitech                     54772000        1.53
                            (15.00)
                                                                                                                                                                                                                                              Wipro                        2887000        0.12
                                                                                                                                                                                              1-Jun

                                                                                                                                                                                                       2-Jun

                                                                                                                                                                                                               3-Jun

                                                                                                                                                                                                                       6-Jun
                                      10-May

                                                11-May

                                                         12-May

                                                                   13-May

                                                                             16-May

                                                                                      17-May

                                                                                               18-May

                                                                                                        19-May

                                                                                                                  20-May

                                                                                                                           23-May

                                                                                                                                    24-May

                                                                                                                                              25-May

                                                                                                                                                        26-May

                                                                                                                                                                 27-May

                                                                                                                                                                           30-May

                                                                                                                                                                                    31-May
                                   Supports & Resistances
                                Nifty 50 - Cash Market Segment - Pivot Levels

COMPANY                   R2             R1          Pivot         S1           S2         SMA 20*     SMA 200*
ACC                       1072           1056         1037         1024          1009         1002        1022
Ambuja Cement             148            145          142          139           138           137        138
Axis Bank                 1269           1252         1230         1218          1202         1228        1358
Bajaj Auto                1393           1377         1358         1345          1331         1318        1422
BPCL                      624            618          614          605           600           634        660
Bharati Airtel            387            384          380          375           373           371        346
BHEL                      1938           1926         1910         1901          1890         1992        2235
Cairn India               340            338          335          333           331           339        336
Cipla                     340            336          330          326           323           313        328
DLF                       238            235          232          229           228           227        282
Dr. Reddy's               1662           1635         1597         1579          1553         1592        1614
GAIL                      443            437          434          426           422           443        474
Grasim                    2307           2293         2278         2264          2251         2288        2323
HCL Tech                  518            514          510          504           501           504        455
HDFC Bank                 2426           2404         2374         2358          2337         2290        2269
Hero Honda                1894           1877         1857         1843          1827         1816        1745
Hindustan Unilever        320            318          316          311           310           305        291
Hindalco                  192            189          187          182           180           194        212
HDFC                      686            678          669          662           656           656        680
ICICI Bank                1087           1072         1054         1043          1030         1052        1086
Infosys Tech              2889           2863         2829         2812          2787         2836        3066
IDFC                      140            139          136          134           133           134        168
ITC                       196            194          193          190           190           189        174
JP Associates              85             84           83           80            80           83         102
Jindal Steel & Power      650            641          634          622           614           639        679
Kotak Mahindra Bank       455            449          441          436           431           423        445
L&T                       1765           1746         1723         1708          1691         1595        1799
M&M                       669            663          658          651           646           683        713
Maruti Udyog              1261           1246         1228         1217          1203         1222        1332
NTPC                      176            175          174          172           172           172        189
ONGC                      280            278          277          273           271           283        308
Power Grid                104            103          101           99            99           100        101
Punjab National Bank      1107           1095         1080         1069          1058         1069        1186
Ranbaxy                   557            549          539          532           525           503        527
Reliance Industries       950            944          936          930           925           935        1003
Reliance Capital          545            537          527          520           513           508        643
Reliance Communications    95             94           93           90            90           87         130
Reliance Infrastructure   562            557          552          545           540           570        806
Reliance Power            121            120          118          115           114           114        142
SBI                       2367           2342         2307         2291          2268         2391        2810
Sesa Goa                  294            290          285          280           277           290        314
Siemens                   914            906          894          887           879           864        819
SAIL                      149            148          146          144           144           146        178
Sterlite Industries       172            170          168          165           164           169        172
Sun Pharma                489            484          476          471           467           444        435
TCS                       1192           1178         1159         1149          1136         1148        1085
Tata Motors               1045           1034         1022         1012          1002         1140        1181
Tata Power                1271           1260         1249         1237          1227         1228        1300
Tata Steel                577            572          568          563           559           578        619
Wipro                     454            450          444          440           436           441        445

                                                                                     *SMA: Simple Moving Average
                                                                   Team Research:

                                                                         Binu Joseph
                                                              Assistant Vice President
                                                                  (binujoseph@jrg.co.in)

                                                                Fundamental Analysis:
                                                                Girish Kumar (Manager)
                                                                      (girish@jrg.co.in)
                                                               Tapan Trivedi (Sr. Analyst)
                                                                 (tapan.trivedi@jrg.co.in)

                                                                   Technical Analysis:

                                                         A.A. Afzal Hussain (Asst. Manager)

                                                                      (afzal@jrg.co.in)

                                                               Praveen K.C. (Sr. Analyst)

                                                                  (praveen.kc@jrg.co.in)

                                                                         Assisted by:

                                                    Thabassum Nazeer (Officer - HNI Relations)
                                                               (thabassum.nazeer@jrg.co.in)




Disclaimer:

This document has been prepared by JRG Securities Ltd. The information presented in this document is not an offer/recommendation to buy or sell securities.

The Rates quoted are based on NSE prices. *The rates given are based on Technical Analysis. Any major fundamental news or market sentiment can make these
levels irrelevant or ineffective. Opinions expressed in this article are the independent views of the author(s). The information, opinions and analysis contained
are collected from sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The
readers are urged to exercise their own judgment in trading.

JRG Securities Ltd. or the authors of the above document shall not be liable in any manner to anybody for taking investment decision relying on the informations provided
in the above document or any other act or omissions so relying on the informations provided in the said document.

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