Market outlook 25-08-2010

US Markets closed negative.
Europe markets ended in red.
Asian markets are trading lower.
Expect Indian Markets to open weak.
Nifty: (5505) Support 5453 and Resistance 5545.

INTRADAY BEEPS

BUY GLENMARK TARGET 300 SL 290;
BUY AMAR REMED TARGET 118 SL 105;
BUY OPTO CIRCUITS TARGET 290 SL 275;
BUY UBL TARGET 365 SL 344;
BUY SRF INDIA TARGET 290 SL 278;
BUY ALLIED DIGITEL TARGET 250 SL 234;
BUY NATCO PHARMA TARGET 240 SL 225;
BUY TATA COFFEE TARGET 550 SL 515;


STOCK BEEPS

-Listing of Prakash Steelage today
-NALCO cuts aluminium product prices by Rs 5,000/t
-Temptation Foods Allots 1.53 crore shares @ Rs 36/share to non-promoters on preferential basis
-TCS bags Rs 150 crore order from MP govt
-Piramal Health puts 40 acres of prime land in Mumbai on block –
-M&M-SSangyong to source USD 4-5 billion of components
-Religare Enterprises Open offer at Rs 445/share

Board Meet
-Mphasis: Results
-Cipla on Special Dividend
-Crisil: Buy-Back
-Ind-Swift: Issue of Securities
-State Bank of Mysore: Rights Issue
-Paramount: Issue of securities to promoters
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IPO Listing - Prakash Steelage Ltd
IPO Listing Detail

Listing Date: Wednesday, August 25, 2010
NSE Symbol: PRAKASHSTL
ISIN: INE696K01016
Issue Price: Rs. 110.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share