MARKET OUTLOOK FOR 8 NOV- CAUTIOUSLY OPTIMISTIC
4
Mansukh Securities and Finance Ltd Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: [email protected] Website: www.moneysukh.com SEBI Regn No. BSE: INB010985834 / NSE: INB230781431 PMS Regn No. INP000002387 Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only MARKET INSIGHTS: On Thursday Nov 04,2010, The domestic equity markets witnessed stupendous gains on Thursday buoyed by str ong global cues following the US Federal Reserve's decision on quantitative e asing and stellar listing of Coal I ndia. The benchmark indices -- Sensex and Nifty -- scaled their fresh 34-month peaks in trade with triple digit gains on both the indices. The BSE's 30-share Sensex, in fact, witnessed highest ever closing today. Some fireworks were expected on the Dalal Street ahead of Diwali and strong listing of Coal India came as an icing on the cake. All the sectoral indices of the BSE, except consumer durables counter, edged higher in trade. Shares representing oi l & gas, metal and banking sectors led the gainers list. The markets remained in a rally mood since very beginning. Coal India listing provided strength to the bulls in early trades. Coal India, rallied 97.35 rupees or 39.73% in trade today to settle at Rs 342.35 compared to its issue price of Rs 245. The initial public offer (IPO) of the PSU worth over Rs 15,000 crore was tagged as the larg est issue of the country ever. It was a pretty volatile session with stocks flip-flopping throughout the day and barely managed a flat ending after the r eport from the Labor Department showed that employers added 151,000 jobs last month, the first gain since May and better than expected. The Dow Jones Industrial Average closed up by 9.24 points, or 0.08%, at 11,444.08. The broader Standard & Poor's 500 index edged up by 4.79 points, or 0.39%, to 1,225.85, while the Nasdaq composite index too closed higher by 1.64 points, or 0.06, to 2,578.98. European markets were trading almost flat on Friday. France's CAC ended at 3916.73 with the minor loss of 0%, Germany's DAX surged 0.29%, and Britain's FTSE 100 also rose 0.21%. or 1.85% to 3,086.94, Hang Seng advanced 390.96 points or 1.62% to 24,535.63, Jakarta Composite rose 23.37 points or 0.65% to 3,629.05, KLSE Composite gained 4.14 points or 0.27% to 1,511.74, Nikkei 225 soared 198.80 points or 2.17% to 9,358.78, Straits Times added 15.34 points or 0.48% to 3,240.31, Seoul Composite climbed 6.53 points or 0.34% to 1,942.50 and Taiwan Weighted jumped 63.95 points or 0.77% to 8,357.85. European markets were trading in the green on Thursday. France's CAC 40 zoomed 1.87%, Germany's DAX surged 1.60%, and Britain's FTSE 100 rose 1.76%. : Meanwhile, the Reserve Bank of India (RBI) said on Wednesday that bond buyback move was not in any way contradictory to the tightening of monetary policy which it has been doing for last couple of quarters. Deputy Governor Subir Gokarn said that the central bank's offer to buy government securities worth Rs 12,000 crore was aimed at keeping the cash deficit in the preferred band and it would not dilute the efficacy of the money policy tightening. The liquidity was over-tight and we are only trying to ease it to bring it within our comfort range. It is not diluting our tighter monetary policy or resolve to fight inflation. The operation is a corrective step aimed to get to the preferred band of deficit' said Gokarn. The US markets manag ed a positive close on Friday . Shanghai Composite surged 55.95 points The food inflation for the week ended October 23, 2010 stood at 12.85% against 13.75% in the earlier week. NEWS INSIGHT S CRIPS Open Hi gh Low Cl ose Prev Cl ose % Change Vol ume HINDALCO 228.1 239 228.1 238 226. 45 5.1 2334631 JPASSOCIAT 130.4 134.7 130. 3 134. 5 128. 35 4.79 6117382 SUNPHARMA 2295 2295 2255 2285 2241. 75 1.93 24389 SBIN 3459 3500 3451.35 3499 3433. 45 1.91 413238 M& M 789.2 793 785 790. 3 777.5 1.65 448917 S CRIPS Open High Low Cl ose Prev Cl ose % Change Vol ume JINDALSTEL 718.05 722. 8 714.05 715 718.8 -0.53 59676 RPOWER 167 167.1 164.15 164.35 165.2 -0.51 439972 RCOM 183 183. 3 180.7 181. 1 182 -0.49 409120 AMBUJACEM 152 152. 5 151.05 151. 2 151. 75 -0.36 193293 ACC 1095 1102 1085 1085 1088.4 -0.31 39041 INDEX TOP MOVERS INDEX TOP SHAKE RS I NDEX Cl ose Chg Chg Sensex 21005 111 0.53% Nifty 6312 30 0.48% Midcap 8679 76 0.88% Smal lcap 11044 164 1.51% VALUE T RADED (Rs Crs) Chg BSE #VALUE! NSE -85.85% F&O Total -80.13% NET I NFLOWS (Rs Crs) Chg FIIs -96% DIIs -97% FII OPEN INTERES T (Crs) Chg* FII Index Futures -0.29% FII Index Options 6.00% FII Stock Futures 2.86% FII Stock Options 16.56% * FI I s OI Chg from 04 N o v 2 01 0 Chg Dow Jones 0.08% Nasdaq 0.08% FTSE 100 0.20% Commodity Chg Crude Oil (US$/bl) 1.69% Gold (US$/oz) 2.73% 1394.0 2579 DATA MATRIX OF LAST SESS ION 1908* 4224 22595 * Bs e Vo l ume Chg fr om 04 No v 1 0 415.5 78.0 5875 88.5 802 Wor ld Indices 11444 16488 53851 42998 Real life predictability is not so rewarding... Predic t the S ens ex w ith & w in da il y c as h p ri z es! MANSUKH MORNI NG NO TE 08 NO V , 2010 make more, for sure.
Transcript of MARKET OUTLOOK FOR 8 NOV- CAUTIOUSLY OPTIMISTIC
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Mansukh Securities and Finance LtdOffice: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: [email protected]: www.moneysukh.com
SEBI Regn No. BSE: INB010985834 / NSE: INB23078143
PMS Regn No. INP00000238
Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only
MARKET INSIGHTS: On Thursday Nov 04,2010, The domestic equity markets witnesse
stupendous gains on Thursday buoyed by strong global cues following the US Federal Reserve
decision on quantitative easing and stellar listing of Coal India. The benchmark indices
Sensex and Nifty -- scaled their fresh 34-month peaks in trade with triple digit gains on both th
indices. The BSE's 30-share Sensex, in fact, witnessed highest ever closing today. Some firework
were expected on the Dalal Street ahead of Diwali and strong listing of Coal India came as aicing on the cake. All the sectoral indices of the BSE, except consumer durables counter, edge
higher in trade. Shares representing oil & gas, metal and banking sectors led the gainers list. Th
markets remained in a rally mood since very beginning. Coal India listing provided strength t
the bulls in early trades. Coal India, rallied 97.35 rupees or 39.73% in trade today to settle at R
342.35 compared to its issue price of Rs 245. The initial public offer (IPO) of the PSU worth ove
Rs 15,000 crore was tagged as the largest issue of the country ever.
It was a pretty volatile session wit
stocks flip-flopping throughout the day and barely managed a flat ending after the repo
from the Labor Department showed that employers added 151,000 jobs last month, the fir
gain since May and better than expected. The Dow Jones Industrial Average closed up b
9.24 points, or 0.08%, at 11,444.08. The broader Standard & Poor's 500 index edged up b
4.79 points, or 0.39%, to 1,225.85, while the Nasdaq composite index too closed higher b
1.64 points, or 0.06, to 2,578.98. European markets were trading almost flat on Friday
France's CAC ended at 3916.73 with the minor loss of 0%, Germany's DAX surged 0.29%
and Britain's FTSE 100 also rose 0.21%.
or 1.85% to 3,086.94, Hang Seng advanced 390.9
points or 1.62% to 24,535.63, Jakarta Composite rose 23.37 points or 0.65% to 3,629.05, KLS
Composite gained 4.14 points or 0.27% to 1,511.74, Nikkei 225 soared 198.80 points or 2.17
to 9,358.78, Straits Times added 15.34 points or 0.48% to 3,240.31, Seoul Composite climbe
6.53 points or 0.34% to 1,942.50 and Taiwan Weighted jumped 63.95 points or 0.77% t
8,357.85. European markets were trading in the green on Thursday. France's CAC 4
zoomed 1.87%, Germany's DAX surged 1.60%, and Britain's FTSE 100 rose 1.76%.
:Meanwhile, the Reserve Bank of India (RBI) said o
Wednesday that bond buyback move was not in any way contradictory to the tightening omonetary policy which it has been doing for last couple of quarters. Deputy Governor Subi
Gokarn said that the central bank's offer to buy government securities worth Rs 12,000 crore waaimed at keeping the cash deficit in the preferred band and it would not dilute the efficacy of thmoney policy tightening. The liquidity was over-tight and we are only trying to ease it to bring within our comfort range. It is not diluting our tighter monetary policy or resolve to fighinflation. The operation is a corrective step aimed to get to the preferred band of deficit' saidGokarn.
The US markets managed a positive close on Friday.
Shanghai Composite surged 55.95 points
The food inflation for the week ended October 23, 2010 stood at 12.85%against 13.75% in the earlier week.NEWS INSIGHT
SCRIPS Open High Low Close Prev Close % Change VolumeHINDALCO 228.1 239 228.1 238 226.45 5.1 233463
JPASSOCIAT 130.4 134.7 130.3 134.5 128.35 4.79 611738
SUNPHARMA 2295 2295 2255 2285 2241.75 1.93 2438
SBIN 3459 3500 3451.35 3499 3433.45 1.91 41323M&M 789.2 793 785 790.3 777.5 1.65 44891
SCRIPS Open High Low Close Prev Close % Change Volume JINDALSTEL 718.05 722.8 714.05 715 718.8 -0.53 5967
RPOWER 167 167.1 164.15 164.35 165.2 -0.51 43997
RCOM 183 183.3 180.7 181.1 182 -0.49 40912
AMBUJACEM 152 152.5 151.05 151.2 151.75 -0.36 19329ACC 1095 1102 1085 1085 1088.4 -0.31 3904
INDEX TOP MOVERS
INDEX TOP SHAKERS
INDEX Close Chg Chg
Sensex 21005 111 0.53%
Nifty 6312 30 0.48%Midcap 8679 76 0.88%
Smallcap 11044 164 1.51%
VALUE TRADED (Rs Crs) Chg
BSE #VALUE!
NSE -85.85%
F&O Total -80.13%
NET INFLOWS (Rs Crs) Chg
FIIs -96%
DIIs -97%
FII OPEN INTEREST (Crs) Chg*
FII Index Futures -0.29%
FII Index Options 6.00%
FII Stock Futures 2.86%
FII Stock Options 16.56%*FIIs OI Chg from 04 N o v 2 010
Chg
Dow Jones 0.08%
Nasdaq 0.08%
FTSE 100 0.20%
Commodity Chg
Crude Oil (US$/bl) 1.69%
Gold (US$/oz) 2.73%1394.0
2579
DATA MATRIX OF LAST SESS ION
1908*
4224
22595*Bs e Vo lume Chg from 04 No v 10
415.5
78.0
5875
88.5
802
World Indices
11444
16488
53851
42998
Real life predictability is not so rewarding...
Predic t the Sensex w ith
& w in da ily c ash p rizes!MANSUKH
MORNING NOTE 08 NOV, 2010
make more, for sure.
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Mansukh Securities and Finance LtdOffice: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: [email protected]: www.moneysukh.com
SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
PMS Regn No. INP000002387
Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only
MARKET
HAPPY TRADING....
VIEW:After surging around 120 points on Thursday the market is again strive to touch its lifetime high on the day of India's most awaiting festiv“Deepawali” on Friday 05 Nov 2010. On the eve of an auspicious day markets witnessed a gap up opening and managed to close in greenRemember we have said that 5930 could be the crucial support zone. Exactly to our expectation spot index shown some bounce back from thsame and seems to be more promising at current juncture. Moreover we believe Q2FY11earnings sessions will act as a trend decider in th
upcoming sessions and any positive outcome may leap indices towards its previous highs of 6357 in a short span of time. On the flip side annegative inflows from global as well as domestic front will dampens the current euphoria and we might see 5830-5840 in a short span of tim
MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC
Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
SENSEX 20690 20800 21005 21100 21210 Rangebound
NIFTY 6060 6150 6312 6335 6365 Rangebound
TODAY'S MARKET LEVELS
Index Support 2 Support 1 Previous Close Resistance 1 Resistance 2 Trend
BANK NIFTY 12750 12900 13269 13400 13520 Rangebound
Mansukh Securities and Finance LtdOffice: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: [email protected]: www.moneysukh.com
SEBI Regn No. BSE: INB010985834 / NSE: INB23078143
PMS Regn No. INP00000238
Morning Notesmake more, for sure
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SEBI Regn No. BSE: INB010985834 / NSE: INB23078143
PMS Regn No. INP00000238Mansukh Securities and Finance LtdOffice: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: [email protected]: www.moneysukh.com
SEBI Regn No. BSE: INB010985834 / NSE: INB23078143
PMS Regn No. INP00000238
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Morning Notes
NAME DESIGNATION E-MAIL
Varun Gupta Head - Research [email protected]
Pashupati Nath Jha Research Analyst [email protected] Singh Research Analyst [email protected]
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