maket mantra

8/7/2019 maket mantra

1/13

March 10, 2011

Indian market % change

Last close 1 day 3 mth YTD

Sensex 18,470 0.2 (4.0) (9.9)

Nifty 5,531 0.2 (4.1) (9.8)

BSE 100 2,268 0.3 (5.0) (10.5)

BSE 200 7,097 0.3 (5.2) (10.8)

CNX Midcap 7,677 0.6 (8.3) (13.3)BSE Smallcap 8,010 0.8 (8.4) (17.2)

Developed market % change


Dow Jones 12,213 (0.0) 7.4 5.5

Nasdaq 2,752 (0.5) 5.2 3.7

S&P 500 1,320 (0.1) 7.1 5.0

FTSE 5,937 (0.6) 2.2 0.6

CAC 3,994 (0.6) 3.5 5.0

DAX 7,132 (0.5) 2.4 3.1

Hang Seng* 23,716 (0.4) 2.4 3.0

Nikkei* 10,474 (1.1) 2.6 2.4

S&P/ASX200* 4,714 (1.1) (0.7) (0.7)* Markets are open

Emerging market % changeLast close 1 day 3 mth YTD

Shanghai Comp 2,971 (1.1) 4.6 5.8

Brazil Bovespa 67,264 (1.1) (3.0) (2.9)

Mexico Bolsa 36,450 (0.6) (3.0) (5.4)

Kospi* 1,982 (1.0) (0.2) (3.4)

Micex 1,779 (0.1) 6.1 5.4

Taiwan* 8,669 (0.9) (0.6) (3.4)

Straits* 3,073 (0.6) (3.5) (3.7)* Markets are open

Institutional activity

(Rs cr) Cash F&O MTD YTD

FIIs 368 (300) (2,426) (8,341)

MFs (243) - 1,370 2,307

FIIs Prov. 131

MFs Prov. 113

Commodities % change


Crude (US$/bbl) 104.8 0.4 19.4 14.7

Gold (US$/oz) 1,429 (0.1) 3.1 0.6

Copper (US$/mt) 9,257 (2.7) 3.0 (4.1)

Aluminium (US$/mt) 2,544 (0.7) 9.4 3.4

Zinc (US$/mt) 2,245 (5.1) (2.1) (8.1)

Advance/Decline stocks

(Nos) A B S Total

Adv 128 1,064 244 1,645

Dec 74 788 167 1,218

Unch 2 79 17 114

A/D ratio (x)* 1.7 1.4 1.5 1.4*A/D excluding Unch

Trade value

(Rs cr) % chg

Cash NSE 11,514 15.6

Cash BSE 3,208 17.2

Total Cash 14,722 16.0

Delivery (%) 37.0 -

Derivatives 108,981 19.9

Currency % change


Rs/US$ 45.01 (0.2) 0.5 (0.7)

Rs/EUR 62.62 (0.3) (4.6) (4.5)

US$/GBP 1.62 0.0 2.6 3.8

US$/EUR 1.39 0.1 5.2 4.0

Yen/US$ 82.76 0.0 1.4 (2.0)

Bond market

Last Close (%) Bps chg

10yr Gsec 7.93 (0.03)

Call rate 6.85 0.00

Sensex intra-day

18,100

18,200

18,300

18,400

18,500

18,600

9:00 10:05 11:10 12:15 13:20 14:25 15:30

ADR/GDR

Latest (US$) Price % chg % Prem/Disc

Dr. Reddys 35.5 0.0 (1.2)

HDFC Bk 159.3 0.0 8.3

ICICI Bk 45.8 (0.2) (0.6)

ITC 3.8 (0.2) (0.1)

Infosys 68.7 (0.3) (0.1)

Ranbaxy 10.0 0.0 (0.7)

Reliance 44.2 1.6 0.2

Wipro 13.7 0.5 36.2

SBI 118.4 (0.3) 1.4

Tata Motors 26.4 1.3 2.2Sterlite 14.8 (0.4) 299.3

L&T 34.9 (0.5) (0.1)

Back to boredom

Look a t m ark e t f luc tu a t ions as you r f r iend

ra the r than you r enem y ; p ro f i t f rom fo l l y ra the r t han pa r t i c i pate i n i t . - War ren Bu f fe t t

It has been a topsy-turvy week so far, with the keyindices oscillating in a tight range amid tepidvolumes. Today, we expect a slightly weak start onthe back of fresh declines in key global marketsand indecisive sentiment on Wall Street.

The near-term outlook is uncertain given the globalgeopolitical risks and the flare-up in crude. Themarket appears to be in a limbo and could staythat way till there is material relief in the ongoingpolitical turmoil in the Middle-East. A close below

5490 could reverse the short term uptrend.

The US markets closed flat in a quiet session.Stock indices in Europe closed down at the end of achoppy session. Asian markets are mostly in thered. Japanese shares are leading the fall in theregion after its GDP shrank more than estimated inthe last quarter.

Brent and Nymex crude oil futures remain elevatedamid relentless fighting in Libya and lingeringworries over supplies from that region. Libyan oil

output is reportedly down by two thirds. Copperclosed at an 11-week low while gold rose.


2/13

News

Ma r ke t Ma n t r a

Corporate snippets

RIL natural gas D-6 output from KG basin mayrise 25% in April. (ET)

Infosys is searching for acquisitions to addcompanies that specialize in providinghealthcare and government services. (ET)

RCom has completed the procedure forobtaining an Rs87bn loan from ChinaDevelopment bank to part finance cost of 3Gspectrum and equipment purchase (ET)

Three PE funds set to invest Rs14.40bn in GMRAirport. (ET)

Tata Motors to roll out new buses by earlynext fiscal. (BL)

Cairn-Vedanta deal likely to get cabinet nod bynext week. (ET)

Hero Investments, promoter of Hero Hondahas raised Rs9bn by pledging to Axis TrusteeServices. (ET)

Dr Reddys Labs may launch 3 new drugs inUS market in next financial year. (BS)

Canara Bank is raising upto US$440mn viashare sale to institutional investors. (ET)

Tata Power may raise capacity by 1,300MW.(BL)

HDFC may sell part of non-core investmentsover next 6-12 months for Rs40bn. (BS)

Bank of India hikes its deposit rates by 25-75bps. (BL)

Central Bank of India proposes to raise aboutRs25bn from rights issue. (ET)

Hanung Toys to buy stake in US-based CodyDirect Corp. (BS)

Dr Reddys Labs to issue Rs5.2bn debentures.(BS)

PFC to set up subsidiary for renewable energysector. (BS)

Dhanlaxmi Bank raises base rate by 50 bps.(BS)

HDFC to raiseRs1.5bnvia bonds.(BS) Kemrock Industries plan to set up facility for

producing carbon fibres. (BL)

Economy snippets

Car sales rise 25% in February to 189,000units. (ET)

Iron ore export down to 75.11mt in April- JanFY11. (ET)

Direct tax collection up 20.7% in April-February. (ET)

Premium on tea jumps 50% on rising demand.(ET)

India got US$2.16bn FDI in wholesale cash-and-carry sector. (BL)


3/13

Technicals


Nifty price/ volume

10:O N D 11:J F M

Log IRIS

Source : www.SpiderSoftwareIndia.Com 5200

5400

5600

5800

6000

6200

6400

Cr

50.00

100

Price Avg3(S,100,S,200,S,50) Avg(S,20)

Vol

NSE Nifty [N59901] 5542.40, 5563.30, 5477.45, 5531.00, 608224576 0.18%

Dly

20

26

30

31

Nifty oscillated in the range of 5,480-5,560 to

finally end with marginal gains on Wednesday withbreadth tilting towards positive bias. Withappearance of pattern resembling to Hanging Manon candlestick, trend appears to have indecisiveand close below 5490 levels could void the shortterm uptrend.

Support/ Resistance levelsClose Support Resistance

Nifty 5,531 5,490 5,560

Sensex 18,470 18,295 18,595

Abnormal change in delivery Stock NSEDely (%) Prev NSEDely (%) Price % chg

Heg 47.0 17.7 (1.9)

Stcindia 17.1 6.7 0.1

Tv-18 31.3 12.6 1.9

Sundrmfast 70.9 31.9 2.9

Dlf 35.3 16.2 1.3

Positive breakoutCompany name CMP

10 DaysMVG avg

Price %chg

20 DaysMVG avg

Dlf Ltd 225.3 219.3 2.7 229.1

Tata Motors Ltd 1,162.0 1,132.5 2.6 1,154.3

Mahanagar Tele 42.4 41.3 2.5 42.2

Kgn Inds Ltd 147.8 144.3 2.4 147.2

Idbi Bank Ltd 138.1 134.9 2.3 134.4

Jindal South Wes 941.2 920.7 2.2 952.1

Axis Bank Ltd 1,300.0 1,272.0 2.2 1,264.6

Bf Utilities Ltd 726.9 711.7 2.1 722.8

Hero Honda Motor 1,533.5 1,503.3 2.0 1,486.4

Hcl Tech Ltd 465.0 456.1 2.0 462.9

TCS (SELL, betw een Rs1152-1160, Target

Rs1092): After formation of counter attack bearpattern on candlestick on last Friday , stock hasviolated important support of 50DMA which wasprevailing at levels of Rs1,146. From the change of

polarity principle, a support once brokencorrespondingly turns into major resistance and weexpect stock to resume its downward trend aftertesting Rs1146.Adding to it, on line chart stock hasbeen making a broadening pattern which isinherently considered as bearish pattern and couldtrigger sharp sell off in the counter in the near

term. We advise going short on TCS MarFutures in the range of Rs1,152-1,160 with

stop loss of Rs1,182 for Target ofRs1,092.(Duration 5 days)

Chambal Fertlizers (SELL, below Rs72.50,Target Rs67): After rallying from the lows ofRs67, the buying momentum in the counter isfaltering out. The stock is struggling to close aboveits 200-DMA in recent attempts. Moreover, on thedaily chart, the stock is moving in a channel

trading near the upper-end of the channel.Formation of multiple tops around this level is

likely to reignite selling pressure in the stock in thenear term. Based on above mentioned technicalevidences, we recommend traders to shortChambal Fertilizers March Futures belowRs72.50 with stop loss of Rs75 for target ofRs67.

Negative breakoutCompany name CMP

10 DaysMVG avg

Price %chg

20 DaysMVG avg

Ansal Props & In 36.4 37.2 (2.3) 38.0

Mic Electronics 24.8 25.3 (2.0) 24.3

United Spirits 1,081.3 1,101.9 (1.9) 1,112.6

Torrent Pharma 517.7 527.2 (1.8) 539.4

Indiabulls Finan 142.2 144.6 (1.7) 144.9

Sks Microfinance 606.7 615.7 (1.5) 628.7

Icsa India Ltd 126.4 128.1 (1.4) 127.5

Indian Metals 559.1 565.5 (1.1) 578.9

Tube Inv India 125.2 126.5 (1.1) 128.8

Bajaj Holdings A 755.0 762.6 (1.0) 751.1


4/13

Technicals


Pivot tableCompany

CMP(Rs)

Supp1

Supp2 Pivot Res 1 Res 2

ABB 726 715 704 725 737 748

ACC 1,004 993 985 1,001 1,013 1,024

Ambuja Cem 128 125 123 127 130 134

BHEL 2,042 2,034 2,023 2,045 2,053 2,062BPCL 552 539 522 556 568 581

Bharti 333 330 326 333 336 339

Cairn 342 339 333 345 348 352

Cipla 302 298 292 304 307 311

DLF 225 224 222 226 227 229

Gail 441 435 431 440 446 452

Grasim 2,312 2,299 2,284 2,313 2,327 2,340

HCL Tech 465 460 455 465 469 474

HDFC Bank 2,206 2,188 2,162 2,213 2,232 2,250

Hero Honda 1,538 1,504 1,482 1,526 1,560 1,594

Hindalco 213 211 209 213 215 217

HUL 280 278 274 281 283 285

HDFC 673 664 655 674 682 691

ICICI Bank 1,035 1,024 1,017 1,032 1,043 1,054

Idea 62 61 61 62 62 63

Infosys 3,096 3,067 3,034 3,100 3,129 3,157

ITC 172 171 169 172 173 174

L&T 1,570 1,557 1,542 1,571 1,585 1,599

M&M 669 664 659 669 674 679

Maruti 1,266 1,256 1,243 1,270 1,279 1,289

Nalco 460 453 446 461 468 475

NTPC 178 176 174 179 180 182

ONGC 271 267 263 271 275 280

Powergrid 98 98 97 98 99 99

PNB 1,076 1,065 1,048 1,082 1,093 1,105

Ranbaxy 453 447 441 454 460 466

Rcom 99 93 90 97 103 109

Reliance 994 973 958 989 1,009 1,030

Reliance Infra 620 607 598 616 629 642

ReiancePower 125 122 120 124 126 129

Satyam 65 64 63 65 67 68

Siemens 857 854 852 857 860 863

SBI 2,627 2,608 2,580 2,637 2,656 2,675

SAIL 155 153 152 155 157 159

Sterlite 167 165 162 167 169 171

Sunpharma 416 408 398 419 426 433

Suzlon 48 47 46 48 49 49

Tata Com. 215 211 208 214 218 221

TCS 1,127 1,117 1,107 1,128 1,137 1,146

Tata Motors 1,163 1,152 1,140 1,164 1,176 1,187

Tata Power 1,232 1,221 1,210 1,233 1,243 1,254

Tata Steel 613 606 599 614 620 627Unitech 38 37 36 37 38 39

Wipro 451 445 441 449 455 461

Zee 126 125 124 126 127 129

A pivot is a level at which the market direction changes for the day.These points can be critical support and resistance levels for that day.

Pivot levels are only broad indicators and not necessarily our view on thestock or index.

Top gainersCompany Price (Rs) Price % chg % YTD chg

Reliance Communi 99.4 9.6 (31.6)

Mcleod Russel 248.9 9.0 15.2

Kpit Cummins Inf 163.6 8.7 12.9

Mahindra Forging 64.4 7.9 (25.5)

Raymond Ltd 288.1 7.1 (23.5)

Top losersCompany Price (Rs) Price % chg % YTD chg

Niit Tech Ltd 183.5 (3.4) (7.4)

Iol Netcom Ltd 8.7 (3.3) (27.8)

Lakshmi Energy 43.0 (3.0) (40.7)

Cairn India 342.4 (2.7) 2.9

United Breweries 476.5 (2.5) (5.5)

Volume ToppersCompany Price (Rs) Price % chg Vol % chg

Golden Tobacco 81.0 (1.1) 3,495.6

Paramount Comm 4.5 1.1 2,741.4

Kpit Cummins Inf 163.6 8.7 1,421.0

Birla Corp Ltd 310.0 (0.5) 1,260.0

Merck Ltd 580.8 0.3 1,116.7

Sector watchPrice % chg

BSE Indices Last close 1 day 1 week 1 mth 50 DMA

BSE Bankex 12,458 0.2 8.5 (1.5) 13,070

BSE Realty 2,106 1.7 1.0 (22.1) 2,822

BSE HC 5,852 (0.4) 0.7 (9.2) 6,404

BSE Metals 15,874 0.3 4.0 0.8 16,580

BSE Oil & Gas 9,673 0.3 5.0 (4.9) 10,222

BSE Auto 8,855 0.7 7.8 (10.5) 9,563

BSE IT 6,276 (0.1) 0.5 0.7 6,319

BSE Power 2,598 0.5 3.7 (8.5) 2,890

BSE FMCG 3,507 0.0 9.8 (0.2) 3,536

BSE PSU 8,588 0.1 3.7 (5.6) 9,302

BSE Cap Goods 12,750 0.4 3.0 (14.8) 14,665

BSE CD 5,791 0.9 7.2 0.5 6,201

BSE 200 2,268 0.3 5.5 (5.0) 2,422

BSE 500 7,097 0.3 5.4 (5.2) 7,620

BSE Mid Cap 6,605 0.7 4.8 (9.0) 7,541

BSE Small Cap 8,010 0.8 4.7 (8.4) 9,406

CNX 500 4,404 0.3 5.4 (5.1) 4,722

Note :

Ideas given under the Technicals section are for intraday purpose or upto a period of three trading sessions. Stocks recommended under this

heading are not necessarily part of our fundamental buy or sell list.


5/13

Deals


Bulk dealsDate Scrip name Client name B/S Qty ('000) Avg price (Rs) Deal size (Rs m)

9/3/2011 Voltamp Transformers Limi Jm Equity Fund - 96 S 60 586 35.1

9/3/2011 Manali Petrochemical Ltd Southern Petrochemical Industries S 54,405 12 650.1

9/3/2011 BGIL Films Enaam Securities S 92 6 0.6

9/3/2011 Krishna Deep Lincoln Pharmaceuticals Limite D B 18 46 0.8

Insider trades

Company name AcquirerTransactiondate B/S

Qty('000)

Sharestransactions (%)

Holding aftertransaction (%)

Dabur India Ltd Pradip Burman 22/02/2011 B 6.0 0.0 0.0

Electrosteel Castings Ltd Mayank Kejriwal 24/02/2011 B 39.5 0.0 1.3

Electrosteel Castings Ltd Mayank Kejriwal 25/02/2011 B 420.3 0.0 0.0

Everest Kanto Cylinder Ltd Puneet Khurana 24/02/2011 B 15.0 0.0 3.3

Everest Kanto Cylinder Ltd Puneet Khurana 25/02/2011 B 15.0 0.0 3.3

Fortune International Ltd Anu Shrivastava 26/02/2011 S 444.0 6.3 0.0

Fortune International Ltd Meenu Shrivastava 26/02/2011 S 583.7 8.3 0.0

Fortune International Ltd Radhika Shrivastava 26/02/2011 S 432.0 6.1 0.0

Fortune International Ltd Rekha Shrivastava 26/02/2011 B 1,459.7 20.7 57.2

Kemrock Industries And Exports Ltd Kalpesh Patel 1/3/2011 B 5.4 0.0 26.1

Kemrock Industries And Exports Ltd Kalpesh Patel 1/3/2011 B 5.5 0.0 26.1Kemrock Industries And Exports Ltd Kalpesh Patel 28/02/2011 B 6.6 0.0 26.0

Kemrock Industries And Exports Ltd Kalpesh Patel 28/02/2011 B 7.5 0.0 26.0

Premier Explosives Ltd A N Gupta - B 1.8 0.0 14.8

Premier Explosives Ltd A N Gupta 25/02/2011 B 1.0 0.0 14.8

Radhe Developers India Ltd Ashish P Patel 21/02/2011 B 303.7 0.0 1.5

Radhe Developers India Ltd Ashish P Patel 22/02/2011 B 75.0 0.0 1.5

Radhe Developers India Ltd Madhuben P Patel 22/02/2011 B 33.5 0.0 0.0

Shri Chlochem Ltd Archana K Amin 24/02/2011 B 3.5 0.0 19.1

Suave Hotels Ltd Hotel Relax Pvt Ltd & PACs 25/02/2011 B 2,461.9 15.8 28.7

Suave Hotels Ltd Vinita Patodia & PACs 25/02/2011 B 500.0 3.2 3.4

Surya Roshni Ltd Lustre Merchants Pvt Ltd 28/02/2011 B 42.7 0.0 2.0

FII s tradesScrip name Volume ('000) Price (Rs) Prem/Disc (%)

Union Bank 9.4 336.1 1.3

Bank of Baroda 6.6 965.0 6.1

PNB 0.6 1172.0 8.8


6/13

Derivatives


Nifty volatility Index declined to 23.28 from

23.67, decreased by 1.65% .

Total Nifty futures added 0.98mn shares inopen interest.

Call open interest for March series shed 1.23mn

shares in Open Interest. Put open interest for March series shed .28mn

shares in Open Interest.

Nifty put call ratio of open interest now standsat 1.27 vs 1.3.

Nifty put call ratio of volume now stands at

0.97 vs 1.02. Maximum open interest in calls for March series

is at 5,700 strike prices. Maximum open interest in Puts for March series

is at 5,400 strike prices.

Nifty March 5,600 Call added 0.79mn shares in

open interest. Nifty March 5,400 Put shed 0.32mn shares in

open interest.

Strategies

Long Dr.Reddy March Future in range ofRs1598 - 1602 for the Target price of Rs1628

with a Stop loss placed at Rs1587.Lot size: 250Remarks: Net maximum profit of Rs7,500 andnet maximum loss of Rs3,750.

Short Neyveli Lignite Ltd March Future inrange of Rs104.5 103.5 for the Target price

of Rs99.5 with a Stop loss placed at Rs106.Lot size: 2000

Remarks: Net maximum profit of Rs10,000 andnet maximum loss of Rs5,000.

Nifty open interest chart

0

150

300

450

600

750

900

10-Dec-10 7-Jan-11 4-Feb-11 4-Mar-11

OI & Vol

(lacs)

4,000

4,500

5,000

5,500

6,000

6,500Nifty

Nifty snapshotCurrent Previous % Chg

Near month price 5,542 5,536 0.1

Near month Pre/Disc 10.8 15.4 (30.1)

Mid month price 5,561 5,556 0.1

Mid month Pre/Disc 30.1 35.3 (14.9)

OI* (000) 27,174 26,187 3.8Volume (000) 25,540 21,435 19.2

PCR (OI) 1.1 1.1 1.1

PCR (Vol) 1.0 1.2 (10.8)

Roll-over (%) 19.3 19.8 (2.2)

FII derivative data(Rs cr) Buy Sell Net Contracts OI % chg

Index Futures 1,350 1,256 94 8,047 2

Index Option 5,463 5,838 (375) (21,910) (1)

Stock Futures 1,022 990 32 (2,708) (0)

Stock Options 284 334 (50) 3,451 10

Institutional activity(Rs cr) Cash F&O MTD YTD

FII's 367.5 (299.6) (2,425.7) (8,341.0)

MF's (242.5) - 1,370.0 2,307.0

FIIs Prov. 131.2

MFs Prov. 113.0

Overall market9-Mar-11 8-Mar-11 7-Mar-11

Value %chg

Index Future (Rs cr) 16,888 14,545 19,230 16.1

Stock Future (Rs cr) 13,323 11,360 12,073 17.3

Index Options (Rs cr) 75,932 62,546 83,128 21.4

Stock Options (Rs cr) 2,838 2,444 2,671 16.1

Index Future (Cont '000) 656 564 754 16.5

Stock Future (Cont '000) 534 446 478 19.7

Index Options (Cont '000) 2,734 2,258 2,187 21.1Stock Options (Cont '000) 110 91 206 20.7

PCR (OI) 1.0 1.0 1.1 (4.3)

PCR (VOI) 0.4 0.4 0.4 0.4

Nifty strikes open interest

0

2,000

4,000

6,000

8,000

10,000

12,000

5300 5400 5500 5600 5700 5800 5900

OI in ('000) Call Put

Sector-w ise OI

-3

0

3

6

Automobiles

Banking

Capital

goods&

Infr

a

Cem

ent

Fertilize

rs

FMCG IT

RealEst

ate

Media

Metals

Oil&G

as

Phar

ma

Power

Logistics

Su

gar

Tex

tile

Telec

om

Oth

ers

TotalFut

ure

% Chg


7/13


Derivatives

Futures open interest gainersScrip OI ('000) % change CMP (Rs) % change Volume ('000) % change Prem/Disc (Rs)

Nagarconst 4,138.0 17.5 101.5 1.2 1,540.0 19.0 (0.8)

Rcom 31,604.0 14.4 100.1 9.6 46,736.0 422.3 (0.7)

Iob 1,660.0 13.1 144.7 2.5 1,642.0 125.5 1.5

Bhusanstl 784.0 12.4 427.9 2.6 974.5 37.3 3.9

Chennpetro 371.0 11.1 191.2 (1.0) 442.0 1,239.4 (1.7)

Cipla 3,950.0 10.8 303.3 (1.6) 1,847.0 45.1 (1.8)

Jswsteel 4,531.0 10.6 974.5 3.3 3,781.3 113.2 (7.4)

Albk 1,593.0 10.6 207.7 0.2 670.0 28.4 (0.8)

Beml 281.5 8.9 668.2 3.4 103.8 150.0 (5.8)

Relcapital 5,847.0 8.8 506.9 3.8 5,963.5 136.6 (3.6)

Nationalum 749.5 8.6 440.5 1.2 266.5 86.4 19.9

Futures open interest losersScrip OI ('000) % change CMP (Rs) % change Volume ('000) % change Prem/Disc (Rs)

Sail 6,557.0 (11.4) 155.8 2.1 3,828.0 13.2 (0.5)

Hindpetro 7,762.5 (3.6) 320.6 (1.4) 3,302.5 268.0 (1.0)

Sail 6,557.0 (11.4) 155.8 2.1 3,828.0 13.2 (0.5)

Litl 11,524.0 (9.1) 38.9 1.8 4,248.0 (19.6) (0.1)

Polaris 2,850.0 (7.0) 190.0 (0.9) 1,956.0 (50.7) (1.1)Federalbnk 1,090.0 (6.3) 381.1 1.0 273.0 (42.0) (1.0)

Dlf 18,824.0 (5.5) 226.2 1.4 7,715.0 33.6 (0.8)

Crompgreav 913.0 (5.1) 261.2 3.2 690.0 223.9 (1.3)

Chamblfert 10,304.0 (4.7) 72.8 2.2 6,312.0 1.4 (0.2)

Triveni 1,938.0 (4.4) 101.2 (0.2) 572.0 8.7 0.3

Colpal 113.3 (3.8) 845.9 (0.1) 17.8 (49.3) 2.4

Most active stock calls Most active nifty calls

Scrip Strike OI ('000)%

change CMP(Rs)Volume

('000) Strike OI ('000) % change CMP(Rs) Volume('000)

Reliance 1000 1,136.8 3.2 26.5 7,002.0 5600 6,468.9 14.0 79.3 22,784.2

Ifci 60 9,564.0 15.6 0.9 5,270.0 5500 5,352.9 (0.1) 133.0 15,674.9

Ifci 55 10,632.0 1.6 2.3 3,111.0 5700 5,932.0 1.0 42.3 10,700.7

Tatamotors 1200 475.0 3.2 28.0 2,125.0 5800 4,909.9 7.1 19.8 7,160.4

Rcom 100 2,702.0 3.0 5.5 3,012.0 5900 4,774.3 0.5 8.4 3,947.7

Tatasteel 620 714.0 3.3 16.9 1,943.0 6000 2,906.7 1.6 3.8 2,646.3

Reliance 1020 333.3 22.4 17.9 2,229.0 5400 3,066.9 0.5 199.2 2,081.2

Sbin 2700 260.4 18.4 58.0 1,585.0 6100 1,261.6 (1.4) 2.0 726.6

Suzlon 50 9,572.0 10.9 1.2 2,044.0 5500 862.5 22.1 202.7 535.8

Reliance 980 364.8 3.4 37.9 1,645.0 5800 1,315.5 2.3 60.4 501.0

Most active stock puts Most active nifty puts

Scrip Strike OI ('000)%

change CMP(Rs)Volume

('000) Strike OI ('000) % change CMP(Rs) Volume('000)

Reliance 980 271.3 113.2 18.8 1,943.0 5400 8829.4 (3.5) 72.6 17342.1

Tatasteel 600 935.0 7.5 13.6 1,515.0 5500 5053.0 5.2 105.0 16089.1

Reliance 1000 292.3 10.4 27.0 1,583.0 5300 7812.3 (3.3) 49.1 8937.6Reliance 940 318.0 1,379.1 13.0 1,292.0 5200 5638.9 (1.1) 33.1 6143.5

Reliance 960 230.5 11.5 12.5 1,231.0 5100 5104.7 (5.2) 21.5 4281.0

Sbin 2600 129.3 12.8 69.5 777.0 5000 5439.9 6.7 13.0 3978.8

Sbin 2500 135.5 20.3 36.6 782.0 5600 2169.9 15.7 149.5 2934.6

Tatamotors 1100 338.0 9.2 25.3 859.0 4900 3013.2 (6.8) 7.8 2528.3

Reliance 940 232.8 9.1 8.5 889.0 4800 2968.4 (2.7) 5.0 980.7

Tatamotors 1150 151.5 9.8 45.1 645.0 5700 725.3 6.6 211.0 465.4

*OI= Open Interest


8/13

Mutual Funds


Fund focus

ICICI Prudential Dynamic Fund Invest

Fund manager Sankaran Naren Min investment Rs5,000

Latest NAV Rs104.6 Entry load Nil

NAV 52 high/low Rs112/87 Exit load 1% before 1 year

Latest AUM Rs2,785cr Benchmark S&P CNX Nifty

Class Equity diversified Asset allocation Equity (81%), Cash (19%)

Options Growth & dividend Expense ratio 1.85%

Top Recommended Funds (Absolute returns (in %) are based on previous close)Equity Diversified

Assets(Rs Cr)

NAV(Rs) 1wk 1mth 3mth 6mth 1yr 2yr 3yr 5yr

ICICI Prudential Dynamic - (G) 2,785 104.6 (0.1) 3.1 (2.6) (0.8) 12.0 136.1 42.8 112.5

Reliance Equity Opportunities (G) 2,365 15.7 (0.1) 3.5 (4.7) (10.4) 8.8 125.6 37.7 --

HDFC Top 200 (G) 9,409 203.8 (0.1) 4.2 (5.5) (4.5) 13.6 159.8 50.8 125.0

Equity Thematic

Reliance Pharma Fund (G) 544 50.9 -- 0.1 (6.7) (2.8) 12.1 205.2 131.2 164.4

ICICI Pru Tech Fund (G) 228 18.5 0.8 0.6 (1.8) 9.0 26.4 244.3 40.7 76.4

Franklin FMCG Fund (G) 46 63.8 0.7 7.8 (2.9) (5.6) 20.6 122.0 70.8 82.4

Equity Tax saving

Fidelity Tax Advantage (G) 1,296 21.4 (0.1) 5.3 (4.6) (5.4) 15.5 147.7 43.3 111.5

HDFC Tax Saver (G) 2,767 222.2 (0.4) 2.2 (7.2) (8.1) 11.0 165.6 44.1 81.8

ICICI Prudential Tax Plan (G) 1,320 134.8 (0.1) 2.8 (5.3) (6.5) 8.5 178.8 42.3 65.0

Hybrid

HDFC Prudence Fund (G) 5,761 204.5 0.1 3.5 (3.5) (5.1) 14.2 153.2 55.1 124.2

HDFC MIP LTP (G) 9,996 22.6 0.1 1.3 (0.2) 0.1 8.1 48.6 39.0 68.3

Reliance RSF - Balanced (G) 806 21.2 (1.1) 1.4 (6.7) (10.0) 5.7 127.6 51.9 108.2

Debt Money marketHDFC Cash Mgmt Fund SP (G) 4,310 20.4 0.1 0.6 1.9 3.5 6.2 11.3 21.1 40.5

SBI Magnum Insta Cash (G) 4,387 21.7 0.1 0.6 1.9 3.6 6.2 10.7 20.2 38.3

Reliance Money Manager (G) 10,000 1,316.2 0.1 0.6 1.9 3.5 6.0 11.4 21.4 --

Debt Floating rate

Reliance Floating Rate Fund (G) 1,846 144.7 0.1 0.6 2.0 3.7 6.4 11.6 21.7 --

Kotak Floater LTP (G) 2,339 15.5 0.1 0.6 2.0 3.6 6.3 12.0 22.1 42.7

Tata Floater Fund (G) 5,923 14.6 0.1 0.6 2.0 3.7 6.5 12.0 22.3 42.1

NFO UpdateFund name Open date Close date Type

#Class

ICICI Prudential Series 56 - 1 Year Plan A 10-Mar 15-Mar CE Debt - FMP

Birla Sun Life Fixed Term Plan-Series CU 8-Mar 16-Mar CE Debt - FMPUTI FMP- Yearly Series - March 2011 (YFMP 03 / 11) 16-Mar 17-Mar CE Debt - FMP

ICICI Prudential Series 55 - 6 Months Plan C 9-Mar 18-Mar CE Debt - FMP

ICICI Prudential Series 55 - 13 Months Plan A 16-Mar 22-Mar CE Debt - FMP#OE: Open Ended, CE: Close Ended

Recent Actions

Fidelity FMP- Series IV- Plan D declares dividend. The quantum of declaration will be 40%. The record date is March 14, 2011.

DSPBR Balanced Fund declares 20% dividend. The record date is March 11, 2011.

Sundaram Balanced Fund declares 60% dividend. The record date is March 11, 2011.

Templeton India Equity Income Fund declares 7% dividend. The record date is March 11, 2011.

Reliance Mutual Fund declares 20% dividend under Reliance Equity Opportunities Fund and Reliance Regular Savings Fund -Equity Option. The record date is March 11, 2011.

HDFC Top 200 declares dividend. The quantum of declaration will be 40%. The record date is March 10, 2011.

Disclaimer: Mutual Fund is subject to market risk, please read the offer document carefully before investing.


9/13

House Recommendations


House RecommendationsThe large cap Buys and Sells are relative outperformer and underperformer bets vis--vis the Niftyrespectively. Reduce portfolio weight in stocks with Sell rating. Midcap Buys are based on absolute returnexpectations.

Top Large-cap BuysStock Sector Sector View CMP (Rs) M-Cap (Rs bn)

Bharti Airtel Telecom Neutral 333 1,262.7

L&T Infrastructure Positive 1,570 956.2

M&M Auto Positive 669 410.8

REC NBFC Positive 242 238.6

SBI Banking Positive 2,627 1,668.4

Sterlite Industries Metals Neutral 167 560.2

Tata Steel Metals Neutral 613 588.0

Source: India Infoline Research

Best Mid-cap BuysStock Sector CMP (Rs) M-Cap (Rs bn)

OnMobile Telecom 224 13.2

Petronet LNG Oil & Gas 116 87.0

Radico Khaitan Breweries 133 17.6

Unity Infra Infrastructure 57 4.2

Yes Bank Banking 275 95.6

Source: India Infoline Research

Top Large-cap Sells

Stock Sector Sector View CMP (Rs) M-Cap (Rs bn)

ACC Cement Negative 1,004 188.6

NALCO Metals Neutral 460 296.6Source: India Infoline Research


10/13

M a r k e t M a n t r a

Economy

GDP growth (Quarterly) Inflation

4,000

5,000

6,000

7,000

8,000

9,000

10,00011,000

12,000

13,000

14,000

Dec-05

Jun-06

Dec-06

Jun-07

Dec-07

Jun-08

Dec-08

Jun-09

Dec-09

Jun-10

Dec-10

(Rs bn)

5.0

7.0

9.0

11.0

13.0(%)

GDP (LHS) GDP Growth % (RHS)

(2.0)

0.0

2.0

4.0

6.0

8.0

10.0

12.0

Dec-06

Feb-07

Apr-07

Jun-07

Aug-07

Oct-07

Dec-07

Feb-08

Apr-08

Jun-08

Aug-08

Oct-08

Dec-08

Feb-09

Apr-09

Jun-09

Aug-09

Oct-09

Dec-09

Feb-10

Apr-10

Jun-10

Aug-10

Oct-10

Dec-10

(%)

G-Secs yield M3 grow th

3.5

4.5

5.5

6.5

7.5

8.5

9.5

Mar-09

May-09

Jul-09

Sep-09

Nov-09

Dec-09

Feb-10

Apr-10

Jun-10

Aug-10

Sep-10

Nov-10

Jan-11

Mar-11

(%)10 Yr Gsecs 5 Yr Gsecs

1 Yr Gsecs

25,000

30,000

35,000

40,000

45,000

50,000

55,000

60,000

65,000

Feb-09

Apr-09

Jun-09

Jul-09

Sep-09

Nov-09

Jan-10

Mar-10

May-10

Jul-10

Aug-10

Oct-10

Dec-10

Feb-11

(Rs bn)

0.0

5.0

10.0

15.0

20.0

25.0(%)

M3 (LHS) M3 yoy % (RHS)

`

CRR, Repo II P and Six key infra industry growth

4.0

4.5

5.0

5.5

6.0

6.5

7.0

Apr-09

Jun-09

Jul-09

Sep-09

Nov-09

Jan-10

Feb-10

Apr-10

Jun-10

Aug-10

Sep-10

Nov-10

Jan-11

Mar-11

(%) CRR Repo

0

2

4

6

8

10

12

Jan-09

May-09

Sep-09

Jan-10

May-10

Sep-10

Jan-11

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0IIP growth Six key infra ind growth (%)


11/13


Economy

Trade deficit (Quarterly) Current account deficit (Quarterly)

0

5

10

15

20

25

30

35

40

45

Sep-05

Mar-06

Sep-06

Mar-07

Sep-07

Mar-08

Sep-08

Mar-09

Sep-09

Mar-10

Sep-10

(US$ bn)

(10)

(5)

0

5

10

15

20

Sep-05

Mar-06

Sep-06

Mar-07

Sep-07

Mar-08

Sep-08

Mar-09

Sep-09

Mar-10

Sep-10

(US$ bn)

FDI RBI forex reserves

0

1,000

2,000

3,000

4,000

Mar-09

May-09

Jul-09

Sep-09

Nov-09

Jan-10

Mar-10

May-10

Jul-10

Sep-10

Nov-10

(US$ mn)

150

200

250

300

350

Feb-09

Apr-09

Jun-09

Jul-09

Sep-09

Oct-09

Dec-09

Feb-10

Mar-10

May-10

Jul-10

Aug-10

Oct-10

Nov-10

Jan-11

(US$ bn)

Fiscal deficit Currency movement

(400)

(200)

0

200

400

600

800

Jan-09

Mar-09

May-09

Jul-09

Sep-09

Nov-09

Jan-10

Mar-10

May-10

Jul-10

Sep-10

Nov-10

Jan-11

(Rs bn)

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

Jan-09

Mar-09

May-09

Jul-09

Aug-09

Oct-09

Dec-09

Feb-10

Mar-10

May-10

Jul-10

Sep-10

Oct-10

Dec-10

Feb-11

INR/USD INR/EURO

INR/GBP INR/100 Yen


12/13


Event Calender

Monday Tuesday Wednesday Thursday Friday Saturday

March 01 March 02 March 03 March 04 March 05- India Jan exports

yoy%32.4% vs 36.4%- India Jan

imports yoy%13.1% vs -11.1%- US construction

spending mom%-0.7% vs -2.5%

- US total vehiclesales

13.3m vs 12.5m- US challenger

job cuts yoy20.5% vs -46.1%

- US initial joblessclaims

368k vs 391k- Nonfarm

productivity2.6% vs 2.6%

- US change innonfarm payrolls

192k vs 36k- US

unemploymentrate

8.9% vs 9%- US Factory

orders3.1% vs 0.2%

March 07 March 08 March 09 March 10 March 11 March 12 - US consumer

credit$5.01b vs $6.09b

- US wholesaleinventories

1.1% vs 1%

- US trade balance- US initial jobless

claims

- India Jan IIPdata

- US advanceretail sales

- US businessinventories

March 14 March 15 March 16 March 17 March 18 March 19- India Feb WPI

data- US empire

manufac- Import price

index mom- FOMC rate

decision

- US housingstarts mom%

- US buildingpermits mom%

- US IIP data- US consumer

price index mom- US leading

indicators

March 21 March 22 March 23 March 24 March 25 March 26- US existing

home sales mom- US house price

index- US durable

goods- US initial jobless

claims

US GDP qoq

March 28 March 29 March 30 March 31- US pending

home sales mom- US consumer

confidence- US Mortgage

applications- Challenger job

cuts yoy

US initial joblessclaimsUS factory orders

Blue: Economic data, Black: results


13/13

Recommendation parameters for fundamental reports:

Buy Absolute return of over +10%

Market Performer Absolute return between -10% to +10%

Sell Absolute return below -10%

Published in 2011. India Infoline Ltd 2011

This report is for the personal information of the authorised recipient and is not for public distribution and should not be reproduced or redistributedwithout prior permission.

The information provided in the document is from publicly available data and other sources, which we believe, are reliable. Efforts are made to try and

ensure accuracy of data however, India Infoline and/or any of its affiliates and/or employees shall not be liable for loss or damage that may arise fromuse of this document. India Infoline and/or any of its affiliates and/or employees may or may not hold positions in any of the securities mentioned inthe document.

The report also includes analysis andviews expressed by our research team. The report is purely for information purposes and does not construe to be

investment recommendation/advice or an offer or solicitation of an offer to buy/sell any securities. The opinions expressed are our current opinions asof the date appearing in the material and may be subject to change from time to time without notice.

Investors should not solely rely on the information contained in this document and must make investment decisions based on their own investment

objectives, risk profile and financial position. The recipients of this material should take their own professional advice before acting on this information.

India Infoline and/or its affiliate companies may deal in the securities mentioned herein as a broker or for any other transaction as a Market Maker,

Investment Advisor, etc. to the issuer company or its connected persons.

This report is published by IIFL India Private Clients research desk. IIFL has other business units with independent research teams separated by

'Chinese walls' catering to different sets of customers having varying objectives, risk profiles, investment horizon, etc and therefore, may at timeshave, different and contrary views on stocks, sectors and markets.

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