Wednesday, September 1, 2010

Market outlook 02-09-2010

US Markets closed higher.
Europe markets ended positive.
Asian markets are trading green.
Expect Indian Markets to open positive.
Nifty: (5472) Support 5459 and Resistance 5549.

INTRADAY BEEPS

BUY SBT TARGET 875 SL 835 ;
BUY SBB&J TARGET 780 SL 750;
BUY IOC TARGET 440 SL 415;
BUY BHARTI AIRTEL TARGET 350 SL 335;
BUY IBREALEST TARGET 180 SL 170;
BUY TATA COMMUNCATION TARGET 360 SL 343;
BUY ONMOBILE TARGET 345 SL 325;
BUY HDIL TARGET 270 SL 255;

STOCK BEEPS

-Idea Cellular denied 3G spectrum in Punjab
-Reliance Broadcast Board approves preferential allotment at Rs 85/share
-Essar Group completes acquisition of AGC Networks
-Hero Honda August total sales at 4.24 lakh units versus 4.15 lakh units (YoY)
-Aegis Logistics Approves fund raising Rs 100 crore via equity instruments, stock split in ratio of 5:1
-Unity Infraprojects bags orders worth Rs 103.3 crore
-Steel companies hike prices
-GERC forces Adani to supply power at Rs 2.35/unit for 25 years, order seen a big hit for company – DNA
-AstraZeneca, Aurobindo near supply deal(buzz of company selling 10% stake to AstraZeneca)
-Alanjit in talks with Oberois to sell 4% stake – Agencies

Ex-Dates

-Apollo Hospital: Ex-Split 2:1
-Federal Bank: Ex-Dividend @ Rs.5
-Gail : Ex-Dividend @ Rs 5.5/share
-State Bank of Mysore : Ex-Rights @ 3:10
-Unitech : Ex-Dividend @ Rs 0.2/share

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