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weekly market outlook 23.04.12

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weekly market outlook 23.04.12

  1. 1. Weekly Market Outlook 21 April 2012 make more, for sure. SNAPSHOT DATA MATRIX FOR THE WEEK After suffering over two percentage point laceration last week, Indian stock markets managed to regain 16th Apr 2012 - 20th Apr 2012 some vitality in the week gone by, thanks largely to the RBIs bolder than expected liquidity easing stance. Despite closing in the positive territory in four out of the five session, the domestic markets only managed Weekly Markets over one and half a percent gains as market participants lacked any significant triggers to open fresh bets post RBIs Monetary and Credit Policy. Stock markets in India made a cautiously optimistic start of theSensex 17,374 1.63% vital week as it became increasingly certain that in the backdrop of weak February industrial production numbers and slight moderation in March WPI inflation to 6.89% v/s 6.95% in February, the Indian centralNifty 5,291 1.61% bank, would start the liquidity easing cycle by cutting key interest rates. The benchmark indices ralliedGold(US$/oz) 1,642.9 -0.99% with enthusiasm on Tuesday as market bulls fervently covered hefty short positions that got build up in the past week after RBI delivered a substantial 50 basis points rate cut. The broader markets too snappedRe/US$ 52.07 1.03% the week on a positive note with gains of over a percent but underperformed their larger peers.Dow 13,029 1.39% 2000 Volume* & Volatility Index (Nifty - Apr 2012) 24Nasdaq 3,000 -0.37% 23 1500 22FX Res (US$ Bn) 293.141 0.07% 21 1000 20Net FII / DII Equity Activity (Rs Cr) 500 19 18Upto 20.04.12 FIIs DIIs 0 17Total Apr 2012 218.5 -87.7 9-Apr 10-Apr 11-Apr 12-Apr 13-Apr 16-Apr 17-Apr 18-Apr 19-Apr 20-Apr *NSETotal 2012 39,451 -21,850 Cash Volume (Rs bn) F & O Volume (Rs bn) Volatility Index % Weekly Sector MovementSectors Close %Auto 10,753 5.88Bankex 12,050 1.39CD 6,687 0.72CG 9,874 -0.27FMCG 4,805 2.98Healthcare 6,816 1.82IT 5,461 1.05Metal 11,279 3.33 In the sectoral space, the Auto counter rallied in top gear with BSE auto index rising for a seventh straight session to a new all-time high on expectations that sales will improve after the RBIs 50 basis points cutOil & Gas 7,944 -0.47 in repo rate. Conversely, Oil & Gas sector remained top laggard for the week ahead of heavyweightPSU 7,403 1.56 Reliance Industries fourth quarter earnings announcement. On NSE, Bank Nifty up 150.25 points or 1.46% to 10456.50, CNX IT up 66.60 points or 1.15% to 5849.45 while CNX mid- cap up 46.80 points orRealty 1,771 0.38 0.62% to 7626.40 and CNX Nifty Junior up 40.65 points or 0.39% to 10458.90. WEEK AHEADFor the up coming week, the Volatility is expected to be at the fore as traders are expected to adjust their position with expiry of April F&Ocontracts on Thursday April 26, 2012. Nevertheless, quarterly earnings of Reliance Industries, which has reported 21% drop in net earnings isalso expected to guide the markets in the coming week. Furthermore, traders are expected to brace up for petrol price hike in the coming weekas state-run oil companies have served an ultimatum to the government stating that they would hike petrol price by almost Rs 10 per litre, if thegovernment did not reduce excise duty or did not compensate their Rs 49-crore daily loss on the fuel. Meanwhile, market men too would eye theEGoM meet for sugar export policy on April 25. The minister would discuss the mechanism for exports of 1 million tonnes of sugar, allowed foroverseas sales on 26 March. On the global front, investors would eyeing the release of key economic data from US, starting from New HomeSales data on April 24,2012 followed by Durable Goods Orders , FOMC Meeting Announcement coupled with Jobless Claims data along withGDP data would be released in the coming. On the Technical view for the coming week, 5200 followed by 5120 are likely to be good supportlevels for the Nifty, while the index may face resistance at 5360 and 5440 levels. HAPPY TRADING... Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only 1Mansukh Securities and Finance Ltd SEBI Reg.No: BSE: INB 010985834, F&O: INF 010985834Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN- DP-NSDL-140-2000Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293Website: www.moneysukh.com
  2. 2. Weekly Market Outlook make more, for sure. SENSEX 30-TECHNICAL LEVELS FOR THE UPCOMING WEEK ENDED 27th April Feb 2012 SUPPORT CLOSE PRICE RESISTANCE SCRIP 3rd 2nd 1st 20.04.12 1st 2nd 3rd INCLINATIONBajaj Auto Ltd 1557 1636 1672 1708.85 1751 1794 1873 PositiveBharat Heavy Electricals Ltd. 230 239 242 246.05 251 256 265 NegativeBharti Airtel Ltd. 309 317 321 324.15 328 332 339 NeutralCipla Ltd. 311 316 318 321.10 323 326 331 PositiveCoal India Ltd. 344 353 358 362.55 366 369 378 PositiveDLF Ltd. 184 191 194 197.30 201 206 213 NegativeGAIL (India) Ltd. 347 354 357 360.80 364 367 374 NeutralHDFC Bank Ltd. 529 540 546 551.10 557 563 575 PositiveHero MotoCorp Ltd. 2109 2151 2169 2187.90 2211 2234 2275 PositiveHindalco Industries Ltd. 117 121 123 125.00 128 130 135 NeutralHindustan Unilever Ltd. 402 412 417 422.50 427 432 442 NeutralHousing Development Finance Corporation Ltd. 653 669 677 684.50 692 700 715 NeutralICICI Bank Ltd. 818 842 851 860.50 874 888 912 NeutralInfosys Ltd. 2274 2337 2372 2406.25 2434 2462 2525 NeutralITC Ltd. 236 240 243 245.30 248 250 255 NeutralJindal Steel & Power Ltd. 463 485 495 505.75 517 528 550 NegativeLarsen & Toubro Ltd. 1219 1257 1275 1292.05 1313 1333 1371 NeutralMahindra & Mahindra Ltd. 670 695 711 726.65 736 745 771 PositiveMaruti Suzuki India Ltd. 1326 1360 1376 1390.85 1411 1430 1465 PositiveNTPC Ltd. 156 161 163 165.50 168 171 176 NeutralOil & Natural Gas Corpn. Ltd. 246 258 262 266.15 273 280 291 NeutralReliance Industries Ltd. 712 722 727 731.45 738 744 754 NegativeState Bank Of India 2163 2213 2236 2260.45 2286 2311 2361 NeutralSterlite Industries (India) Ltd. 102 106 108 109.05 111 113 117 PositiveSun Pharmaceutical Inds. Ltd. 553 573 581 588.85 601 613 633 NegativeTata Consultancy Services Ltd. 1033 1062 1076 1089.40 1105 1121 1151 NeutralTata Motors Ltd. 300 309 313 316.70 321 325 333 PositiveTata Power Company Ltd. 57 78 92 105.00 113 121 142 PositiveTata Steel Ltd. 449 459 465 470.40 475 480 490 NeutralWipro Ltd. 412 418 421 424.40 427 430 436 Neutral 2Mansukh Securities and Finance Ltd SEBI Reg.No: BSE: INB 010985834, F&O: INF 010985834Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN- DP-NSDL-140-2000Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293Website: www.moneysukh.com
  3. 3. Weekly Market Outlook make more, for sure. NSE MIDCAP 50-TECHNICAL LEVELS FOR THE UPCOMING WEEK ENDED 27th April 2012 SUPPORT CLOSE PRICE RESISTANCE Market Cap SCRIP 3rd 2nd 1st 20.04.12 1st 2nd 3rd (Rs Crore)Adani Power Ltd. 63 67 68 69.20 71 74 77 15086Aditya Birla Nuvo Ltd. 898 946 970 994.70 1019 1043 1091 11291Allahabad Bank 178 181 183 184.55 187 188 192 9228Alstom Projects India Ltd. 345 368 379 390.35 402 414 437 2616Andhra Bank 119 122 123 124.10 125 127 129 6944Ashok Leyland Ltd. 29 30 31 31.20 32 32 33 8301Aurobindo Pharma Ltd. 126 129 131 133.15 135 137 140 3876Bajaj Hindusthan Ltd. 28 30 30 30.55 31 32 34 1953BEML Ltd. 501 526 540 554.00 564 575 599 2307Bharat Forge Ltd. 295 308 314 319.75 327 335 349 7444CESC Ltd. 248 257 260 262.90 268 274 282 3285Cummins India Ltd. 466 475 480 485.20 490 494 503 13450DiviS Laboratories Ltd. 781 810 822 834.70 851 868 897 11079Educomp Solutions Ltd. 188 196 200 203.55 208 213 221 1957Great Eastern Shipping Company Ltd. 231 245 251 256.65 265 273 287 3909GVK Power & Infrastructure Ltd. 15 17 17 17.75 19 19 21 2803Hindustan Construction Company Ltd. 22 23 24 24.45 25 26 27 1483Housing Development & Infrastructure Ltd. 78 83 85 87.00 90 93 98 3645IDBI Bank Ltd 101 104 105 106.00 108 110 112 10437India Cements Ltd. 86 91 93 95.45 98 100 105 2932Indian Bank 212 219 222 224.15 228 232 239 9633Indian Hotels Company Ltd. 61 62 63 63.50 64 65 67 4823IVRCL Ltd. 55 59 60 61.70 63 65 68 1647Jain Irrigation Systems Ltd. 76 82 85 86.80 91 95 101 3517JSW Steel Ltd. 699 726 738 750.55 765 780 807 16746Lanco Infratech Ltd. 16 17 17 17.25 18 18 19 4153Mahanagar Telephone Nigam Ltd. 26 27 27 27.60 28 29 30 1739Mphasis Ltd. 369 378 381 384.90 390 395 403 8084NCC Ltd. 50 53 55 56.20 58 60 63 1442Oracle Financial Services Software Ltd 2537 2604 2632 2660.00 2700 2739 2807 22337Patel Engineering Ltd. 110 115 117 119.05 122 125 131 831Petronet LNG Ltd. 137 145 149 152.85 158 162 171 11464Piramal Healthcare Ltd. 434 440 442 444.95 448 450 455 7678Praj Industries Ltd. 71 72 73 73.50 74 75 76 1310Punj Lloyd Ltd. 50 53 54 55.05 57 58 61 1828Rolta India Ltd. 89 91 92 93.20 94 96 98 1504Shipping Corpn. Of India Ltd. 56 60 61 62.25 64 67 70 2900Sintex Industries Ltd. 77 79 80 80.70 82 83 85 2203Syndicate Bank 105 107 108 109.35 111 112 115 6582Tata Chemicals Ltd. 324 335 339 343.30 350 356 367 8746Tata Global Beverages Ltd 111 117 119 121.60 125 128 134 7520Tata Teleservices (Maharashtra) Ltd. 14 14 14 14.33 15 15 15 2719Tech Mahindra Ltd. 679 697 704 710.70 721 732 750 9060Titan Industries Ltd. 223 231 234 237.45 242 246 254 21080Ultratech Cement Ltd. 1392 1424 1442 1461.25 1474 1486 1517 40048Unitech Ltd. 26 27 27 28.00 29 29 31 7326United Phosphorus Ltd. 124 126 127 127.85 129 130 132 5904Vijaya Bank Ltd 56 58 59 59.70 61 62 64 2958Voltas Ltd. 110 113 114 115.30 117 119 122 3815Welspun Corp Ltd. 122 128 130 132.00 136 139 145 3007 3Mansukh Securities and Finance Ltd SEBI Reg.No: BSE: INB 010985834, F&O: INF 010985834Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN- DP-NSDL-140-2000Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293Website: www.moneysukh.com
  4. 4. Weekly Market Outlook make more, for sure.FORTHCOMING CORPORATE ACTIONS Ex-Date Company Name NSE- Symbol Purpose 23-Apr-12 HCL Technologies Limited HCLTECH INTERIM DIVIDEND RS.2/- PER SHARE (PURPOSE REVISED) 23-Apr-12 PSL Limited PSL INTERIM DIVIDEND RS. 2/- PER SHARE 24-Apr-12 Esab India Limited ESABINDIA ANNUAL GENERAL MEETING 24-Apr-12 CRISIL Limited CRISIL FIRST INTERIM DIVIDEND RS.3/- & SPECIAL DIVID RS.3/- 24-Apr-12 The Paper Products Limited PAPERPROD AGM AND DIVIDEND RS.2.40 PER SHARE 25-Apr-12 ITD Cementation India Limited ITDCEM AGM AND DIVIDEND RS.2/- PER SHARE 26-Apr-12 Ranbaxy Laboratories Limited RANBAXY ANNUAL GENERAL MEETING 26-Apr-12 Sundaram Clayton Limited SUNCLAYTON INTERIM DIVIDEND 2-May-12 ABB Limited ABB AGM AND DIVIDEND RS.3/- PER SHARE 2-May-12 GM Breweries Limited GMBREW AGM AND DIVIDEND RS.2.50 PER SHARE 3-May-12 HCL Infosystems Limited HCL-INSYS 3RD INTERIM DIVIDEND 4-May-12 BOC India Limited BOC AGM AND DIVIDEND RS.1.50 PER SHARE 4-May-12 Foseco India Limited FOSECOIND INTERIM DIVIDEND 4-May-12 Abbott India Limited ABBOTINDIA AGM AND DIVIDEND RS.17/- PER SHARE 8-May-12 Marico Limited MARICO 2ND INTERIM DIVIDEND 9-May-12 Godrej Consumer Products Limited GODREJCP INTERIM DIVIDEND 10-May-12 Chemfab Alkalis Limited CHEMFALKAL ANNUAL GENERAL MEETING 11-May-12 Bosch Limited BOSCHLTD DIVIDEND-RS.50 PER SHARE 14-May-12 Bata India Limited BATAINDIA AGM/FINAL DIVIDEND RS.5/- P/S & SPECIAL DIVID RE.1/- 17-May-12 DIC India Limited DICIND DIVIDEND - RS.4/- PER SHARE 24-May-12 Infosys Limited INFY AGM / DIVIDEND - FINAL RS 22 + SPECIAL RS 10 28-May-12 Reliance Industrial Infrastructure Limited RIIL AGM AND DIVIDEND RS.3.50 PER SHARE 11-May-12 Bosch Limited BOSCHLTD DIVIDEND-RS.50 PER SHARE 14-May-12 Bata India Limited BATAINDIA AGM/FINAL DIVIDEND RS.5/- P/S & SPECIAL DIVID RE.1/- 17-May-12 DIC India Limited DICIND DIVIDEND - RS.4/- PER SHARE 24-May-12 Infosys Limited INFY AGM / DIVIDEND - FINAL RS 22 + SPECIAL RS 10 28-Jun-12 HDFC Bank Limited HDFCBANK AGM AND DIVIDEND RS.4.30 PER SHARE 20-Jul-12 Goa Carbon Limited GOACARBON AGM AND DIVIDEND RS.4/- PER SHARE 4Mansukh Securities and Finance Ltd SEBI Reg.No: BSE: INB 010985834, F&O: INF 010985834Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN- DP-NSDL-140-2000Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293Website: www.moneysukh.com
  5. 5. Weekly Market Outlook make more, for sure. EQUITY CALLS PERFORMANCE FOR THE WEEK ENDED 20th Apr 2012 Total No. of Calls Profitable Calls Positional/Hold Exit/Stop Loss Success Rate 31 23 0 8 74.19% NAME DESIGNATION E-MAIL Varun Gupta Head - Research varungupta@moneysukh.com Pashupati Nath Jha Research Analyst pashupatinathjha@moneysukh.com Vikram Singh Research Analyst vikram_research@moneysukh.comThis report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. MansukhSecurities and Finance Ltd (hereinafter referred as MSFL) is not soliciting any action based on it. This report is not for public distribution and has beenfurnished to you solely for your information and should not be reproduced or redistributed to any person in any form.The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete. MSFL or any of its affiliates oremployees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information containedin this report. MSFL or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding any matterpertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement.The recipients of this report should rely on their own investigations.MSFL and/or its affiliates and/or employees may have interests/positions, financial or otherwise in the securities mentioned in this report. Thisinformation is subject to change without any prior notice. MSFL reserves the right to make modifications and alterations to this statement as may berequired from time to time. Nevertheless, MSFL is committed to providing independent and transparent recommendations to its clients, and would behappy to provide information in response to specific client queries. 5Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431 SEBI Reg.No: BSE: INB 010985834, F&O: INF 010985834Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN- PMS Regn No. INP000002387 DP-NSDL-140-2000Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293Website: www.moneysukh.com

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