Market outlook 23-07-2010

US Markets closed higher.
Europe markets also ended positive.
Asian markets are trading green.
Expect Indian Markets to open positive..
Nifty: (5442) Support 5386 and Resistance 5453-5495

INTRADAY BEEPS

BUY CAIRN TARGET 335 SL 319 ;
BUY TATA STEEL TARGET 555 SL 535;
BUY UBL TARGET 300 SL 275;
BUY 3iINFOTECH TARGET 70 SL 64;
BUY RPOWER TARGET 178 SL 170;
BUY TITAN TARGET 2800 SL 2730;
BUY HCC TARGET 145 SL 132
BUY BAJAJ HIND TARGET 120 SL 110;
BUY JP ASSO TARGET 140 SL 126;
BUY UNIPHOS TARGET 200 SL 181;

Market outlook 22-07-2010

US Markets closed negative.
Europe markets ended green.
Asian markets are trading weak.
Expect Indian Markets to open negatiive.
Nifty: (5399) Support 5366-5342 and Resistance 5416-5453

INTRADAY BEEPS

BUY HAVELLS TARGET 690 SL 665;
BUY MOTHERSON SUMI TARGET 175 SL 160;
BUY JSW STEEL TARGET 1190 SL 1123;
BUY ARSS INFRA TARGET 1250 SL 1200;
BUY GODAWARI POWER TARGET 260 SL 249 ;
BUY DS KULKARNI TARGET 78 SL 72;
BUY ORIENT BANK TARGET 368 SL 355;
BUY M&M TARGET 630 SL 605;


STOCK BEEPS

-Results Today: ACC, Ambuja Cements, Bajaj Auto, ITC, Dr Reddys Labs,Idea Cellular, PNB, Bajaj Holdings, CRISIL, Deepak Fertiliser, Dish TV, Gujarat Gas, IDBI Bank, HOV Services, ING Vysya Bank, Mahindra Forging, Power Finance, Shriram Transport, Temptation Food, Vijaya
Bank, Zee News
-SKIL Infra makes 20% open offer for Everonn at Rs 536.16/share;open offer from Sep 9 to Sep 28
-DLF to mull Arm DLF Brands' Share issue on July 28
-Tata Power Issued 100 NCD worth Rs 350 crore at 9.15%
-EGoM meet headed by Steel secretary Atul Chaturvedi on iron ore exports today
-Foreign Funds acquire 15% stake in REI Agro, company raised Rs 1245 crore via rights issue
-Parkway shareholders vote in favor of Khazanah bid
-Cabinet to decide on Power Grid FPO today

RESULT UPDATE

-KPIT Cummins Q1 net profit at Rs 19.36 cr vs Rs 20.79 cr (QoQ)
-Persistent Q1 net profit at Rs 34.5 cr vs Rs 39.7 cr
-Mastek Q1 net profit at Rs 2.5 cr vs Rs 15.3 cr (QoQ)
-Pidilite Industries PAT at Rs 133.7 cr vs Rs 97.2 cr ((YoY))
-United Breweries Q1 PAT at Rs 76.13 cr vs Rs 35.5 cr ((YoY))
-Mangalore Chemicals Q1 PAT at Rs 12.5 cr vs Rs 7.5 cr ((YoY))
-Mahindra Life Space Q1 PAT at Rs 14.4 cr vs Rs 10.4 cr
-Birla Corp Q1 Net profit at Rs 118.3 cr vs Rs 155.3 cr (YoY)

Ex-Dates
-Hindustan Zinc : Ex-Dividend @ Rs 6/share
-J&K Bank : Ex-Dividend @ Rs 22/share
-Mcleod Russel : Ex-Dividend @ Rs 4/share
-Nagarjuna Construction : Ex-Dividend @ Rs 13/share
-Sun TV Network : Ex-Dividend @ Rs 6/share

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