Market outlook 15-09-2010

US Markets closed flat.
Europe markets ended green.
Asian markets are trading in mixed.
Expect Indian Markets to open flat.
Nifty: (5795) Support 5741 and Resistance 5845.

INTRADAY BEEPS

BUY DEWAN HOUSING TARGET 325 SL 298;
BUY JP ASSOC TARGET 130 SL 120;
BUY IOC TARGET 450 SL 430;
BUY KOTAK BANK TARGET 500 SL 460;
BUY PRAKASH TARGET 170 SL 158;
BUY TRIVENI TARGET 112 SL 105;
BUY WIPRO TARGET 440 SL 410;
BUY TATA MOTORS TARGET 1075 SL 1040;


STOCK BEEPS

-Tata Steel To buy 80% interest in Direct shipping Ore (project of Canada's New Millennium)
-Wockhardt shareholders approve Preferential issue of Rs 40 crore via
-RPG Group to acquire 10% in Resource Generation for USD 10.5 million
-IFGL Refractories Allotted 14.5 lakh preference shares of Rs 100/each
-Titagarh Wagons Board approves allotment of 12.5 lakh Warrants convertible into Equity Shares to promoters
-Unitech Corporate Park meets today to finalise the March ’10 numbers
-Reliance Power, Adani, GMR to bid for USD 1 billion mine in Australia
-Cognizant looks to buy Genpact
-Punj Lloyd has initiated arbitration proceedings against ONGC to claim USD 250 million for alleged flawed design
-Indian IT co sees deal postponement in the past quarter as US govt strident rhetoric begins
-Coffee makers like Nestle and Tata Coffee to hike prices
-Indosloar IPO closes today, subscribed 0.33x till now

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