Finance

A study on the Market Insights by Mansukh Investment and Trading Solutions 8/4/2010

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The Report contains detailed Market Insight information which involves details related to the Top Index movers and Top Index shakers through out the day.In order to give a better viewpoint and understanding the report contains graphs on market outlook as well as technical recommendations for its readers.The detailed report acts as a guide and teacher for its users so that they can properly plan out their strategy for the future.
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  Mansukh Securities and Finance Ltd Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.comWebsite: www.moneysukh.com   SEBI Regn No. BSE: INB010985834 / NSE: INB230781431PMS Regn No. INP000002387 Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only  Morning Notes 08.04.2010 MARKET INSIGHTS:NEWS ROOM:   The key benchmark indicesreversed earlier gains in what was a choppy trading session. Weak European markets andlower US index futures triggered profit taking after Indian stocks scaled their highest level inmore than 25 months in early afternoon trade. The barometer index BSE Sensex fell belowthe psychological 18,000 level after racing above that level in early afternoon trade. TheSensex was now down 15.32 points or 0.09%, off 121.81 points from the day's high and up10.45 points from the day's low. The Sensex surged past the psychosocial 18,000 mark at theonset of the trading session on firm Asian stocks. It soon fell below that level. The marketmoved in a narrow range in mid-morning trade. A bout of volatility was witnessed in earlyafternoon trade as the market came off the higher level soon after hitting a fresh 25-monthhigh. The market slipped into the red in afternoon trade. It regained positive zone later. Themarket once again slipped into the red in mid-afternoon trade. The market breadth thoughpositive was not as strong as it was earlier in the day. Index heavyweight Reliance industries(RIL) cut early gains. Banking and housing finance firms declined on fears of interest ratehike in the forthcoming Reserve bank of India's review of monetary policy on 20 April 2010.Capital goods stocks gained on fresh buying with Bharat Heavy Electricals striking a 52-week high of Rs 2559.50 in intra-day trade today, 7 April 2010. Telecom pivotals gained onfresh buying ahead of the auction to provide super fast third generation (3G) service whichbegins on 9 April 2010. But, FMCG shares declined on profit taking., following strong gains made over thepast two sessions, as investors awaited euro zone GDP data for more insight on the region'seconomic health. The key benchmark indices in France, Germany and UK fell by 0.16% to0.33%. Asian stocks rose as investors bet the Federal Reserve will keep the benchmark USinterest rate at a record low. The key benchmark indices in Hong Kong, Japan, Indonesia,Taiwan, South Korea and Singapore rose by 0.03% to 1.82%. However, China's ShanghaiComposite index slipped 0.33%.Meanwhile, chief statistician Pronab Sen said on Wednesday that theReserve Bank of India (RBI) will have to further tighten monetary policy on 20 April 2010 ifprices continue to rise, as expected, from 9.89% headline inflation in February 2010. He alsosaid the wholesale price index inflation rate in March 2010 is likely to be higher than in theprevious month, partly due to base effect. Power Minister Sushil Kumar Shinde today saidthat the country will add only 61,000 megawatts of power generation capacity in the five-year period to March 2012, lower than the target of 78,000 megawatts.   On Wednesday April 07, 2010,   European stocks slipped in the red on Wednesday   SCRIPSOpen High Low ClosePrev Close% ChangeVolumeIDEA 64.0568646763.75 5.1 14511821 POWERGRID 107.1111107.1110.9107.2 3.45 2212031 GAIL 411.35433.3411.35431.45417.05 3.45 2604943 TATAMOTORS 774.95798774.5797.1774.15 2.96 3973233 IDFC 167173.6166.25171.75167 2.84 9803744 SCRIPSOpen High Low ClosePrev Close% ChangeVolumePNB 1025.251039.91015.251015.41035.9 -1.98 247195 HINDUNILVR 230231.45224.5225.45229.9 -1.94 3120048 SUNPHARMA 181218121790.1517931821.85 -1.58 181312  JINDALSTEL 719.9720.7703.25707.7715.85 -1.14 1549458 AXISBANK 11821193.151148.311621174.55 -1.07 3690875 INDEX TOP MOVERSINDEX TOP SHAKERS INDEXCloseChgChg% Sensex17970290.16%Nifty537590.17%Midcap7050370.53%Smallcap8984620.69% VALUE TRADED (Rs Crs)Chg% BSE4.21%NSE4.64%F&O Total17.82% NET INFLOWS (Rs Crs)Chg% FIIs29.45%DIIs-128.93% FII OPEN INTEREST (Crs)Chg% FII Index Futures-0.17%FII Index Options0.01%FII Stock Futures0.50%FII Stock Options25.21% Chg % Dow Jones-0.66%Nasdaq -0.23%FTSE 100 -0.32% Commodity Chg % Crude Oil (US$/bl) -0.90%Gold (US$/oz)1.00%339-2313942 DATA MATRIX of 07.04.2010 58911579963171534 World Indices 108981147.424313565529178576286.0  Mansukh Securities and Finance Ltd Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.comWebsite: www.moneysukh.com   SEBI Regn No. BSE: INB010985834 / NSE: INB230781431PMS Regn No. INP000002387 Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only TECHNICAL VIEW: As expected market once again shown some range bound trading between 5340-5400 though for thefirst time in three consecutive days , indices shown some profit booking on higher levels.. Opened on a relatively moderatenote, domestic indices unable to carry its positivism beyond 5400, ended up on a comparatively flat note however momentumstill stands on buying side.For the upcoming sessions we believe spot index would continue its previous momentum towards 5450-5470 where we mightsee some sort of profit booking. For today’s session we expect some moderate scenario with positive divergence. Traders areadvised to remain long in their outstanding positions with stop loss of 5270. Any drift below these levels may furtherdampens the traders sentiment however 5180 still seems to be a vital support at this juncture. HAPPY TRADING... MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC IndexSupport 2Support 1Previous CloseResistance 1Resistance 2Trend SENSEX 1747017650179701830018425 RangeboundNIFTY 52705320537554105445 Rangebound Market Levels for 08th APR 2010 IndexSupport 2Support 1Previous CloseResistance 1Resistance 2Trend BANK NIFTY 94009540968798459930 Rangebound  Morning Notes  Mansukh Securities and Finance Ltd Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.comWebsite: www.moneysukh.com   SEBI Regn No. BSE: INB010985834 / NSE: INB230781431PMS Regn No. INP000002387 Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only TECHNICAL RECOMMENDATIONS ScripCMPBuy NearStop LossTarget 1 Target 2Trend RAMANEWS 24.9524.52425.526 Rangebound ScripCMPBuy NearStop LossTarget 1 Target 2Trend GEMINI COM 30.330293233 Rangebound  Mansukh Securities and Finance Ltd Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.comWebsite: www.moneysukh.com   SEBI Regn No. BSE: INB010985834 / NSE: INB230781431PMS Regn No. INP000002387 Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only TECHNICAL RECOMMENDATIONS ScripCMPBuy NearStop LossTarget 1 Target 2Trend RK FORGE 126.95126124128130 Rangebound ScripCMPSell NearStop LossTarget 1 Target 2Trend DYNACON SYS 1.21.31.41.11 Rangebound
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