Market outlook 16-07-2010

US Markets closed flat.
Europe markets ended negative.
Asian markets are trading mixed.
Expect Indian Markets to open flat.
Nifty: (5379) Support 5342 and Resistance 5403

INTRADAY BEEPS

BUY ORIENT BANK TARGET 370 SL 359 ;
BUY IRB INFRA TARGET 280 SL 270 ;
BUY IDBI TARGET 128 SL 121 ;
BUY DCHL TARGET 145 SL 140 ;
BUY ASHOK LEY TARGET 74 SL 69;


STOCK BEEPS

-Results Today: BASF India, Chambal Fertiliser, Honeywell Automation,Karuturi Global, Nava Bharat Ventures, Rallis India, VST Industries,Zydus Wellness
-Castrol India Q2 net profit at Rs 150 crore versus Rs 128 crore
-TCS Q1 net profit down 4.51% to Rs 1844 crore
-Ministry of Environment and Forests suspends clearance to Nagarjuna Construction
-L&T to seek shareholder okay to Raise Rs 2,700 crore
-M&M To decide on Ssangyong bid on July 28
-IOL Chemicals Board meet on 17 July for Issue of Shares to promoters
-Everonn Education Board meet on 19 July to issue redeemable
optionally convertible debentures
-Exide Industries approves acquisition 46.8 lakh Leadage Alloys India;company owns 51% stake

Ex-Dates

-Ashok Leyland : Ex-Dividend @ Rs 1.5/share
-IDBI Bank : Ex-Dividend @ Rs 3/share
-Voltas : Ex-Dividend @ Rs 2/share