Market outlook 13-07-2010

US Markets closed in green.
Europe markets ended positive.
Asian markets are trading flat.
Expect Indian Markets to open flat.
Nifty: (5383) Support 5342 and Resistance 5424

INTRADAY BEEPS

BUY EDUCOMP TARGET 600 SL 570;
BUY ROLTA TARGET 188 SL 180;
BUY UNITECH TARGET 80 SL 77;
BUY BAJAJ ELECT TARGET 249 SL 238;
BUY STERLITE TARGET 176 SL 168;
BUY HIND PETRO TARGET 490 SL 470;
BUY DISH TV TARGET 48 SL 45;
BUY GMR INFRA TARGET 63 SL 59;

STOCK BEEPS

-Infosys Q1 PAT at 1488 cr vs 1617 cr (QoQ); below expectation
- Q1 Results Today: Infosys Tech, Exide Industries, Hotel Leela
-VC Circle Exclusive: BGR Energy to raise Rs 350 cr by diluting 5-6% stake
-Bhushan Steel okays 5-for-1 stock split
-RCF plans Rs 1100 crore FPO
-IRDA gives R3 license to L&T;L&T General Insurance Company Ltd is 24th insurance firm
-SEBI passes consent order on Ruchi Soya to pay Rs 1 crore; Comapny did not disclose shareholding pattern regularly
-Pfizer Q2 Net profit at Rs 34.7 crore versus Rs 31.3 crore (YoY)
-CMC Q1FY11 Net profit at Rs 46.44 crore versus Rs 44.3 crore
-Board Meet by SEL Manufacturing on Fund Raising
-Board Meet by Hotel Leela on Issue equity shares to the promoter + results