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		DATE: 12-03-2010
		CASH - INTRA		FUTURE - INTRA
		WAIT & WATCH Buy abv ___ Sl ___ Tgt ____		WAIT & WATCH Buy abv ___ Sl ___ Tgt ___
		Nifty (Spot) support for the day exists at 5100-5050 & Resistance to the up-move is at around 5150-5200. IIP Data eyed. No early trade today, Wait for clarity. The market will continue to be lacklustre. Investors are awaiting IIP data for January, scheduled to be announced Friday and quarterly advance tax numbers due later this month which could offer some cues.
		There isn’t much insightful stuff to talk about right now. The only thing that you can say is that the Nifty is been static - it’s not slipped and that’s important because when a market is tired and is unable to move up it corrects but we have not seen any kind of correction; we are still trading at post-Budget highs of more than 5100. So we think we are okay from the market perspective. There is lack of ammunition because of the primary issuances so the market is unable to move up against the weight of that but it’s not correction. If the market was weak and was tired out then you would have seen the Nifty at least at 5000 if not 4950. So that there was a retracement but that retracement did not happen so the best way to read this is pre-Budget the market underperformed, after the Budget we simply had recalibration of that underperformance and came back to even keel and now the market is saying, “we have done that, we have compensated for the pre-Budge underperformance and now we are evenly balanced with risk and rewards”. There is no tearing rush to go back to more than 5300 and there is no reason for the market to correct sub-5000. So you mark time and wait for triggers global and local.
		After remaining sluggish the entire day, the markets recovered in the last 10 minutes of trade. The Nifty ended the day at 5,147, up 31 points, while the Sensex shut shop at 17,207, up 109 points. Volumes continue to remain thin at Rs 83,300 crore. The gap between the advances and declines worsened towards the end of trade. The breadth at the end of trade was 1:2 in favour of declines. A few stocks like Bharti, Wipro, Infosys and private sector banks like ICICI Bank and Axis Bank helped keep spirits up. It was a stellar listing for Man Infrastructure. The stock ended the day up 38%. Among the draggers, Hindustan Unilever tanked 4% after reports of the company slashing prices. The sugar sector continues to bleed on concerns over global sugar prices.
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DATE	PACKAGE		NET PROFIT FOR THE DAY		DETAILED RESULT
WEEKLY 02-03 To 05-03	Cash – Intra		(+) 38,900=00		CLICK HERE
	Future - Intra		(+) 58,479=00		CLICK HERE
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