Wednesday, October 20, 2010

Market outlook 21-10-2010

NIFTY WILL OPEN FLAT REMAIN RANGEBOUND -MARKET CAN SUSTAIN GREEN TILL NOON.IF NIFTY FUT NOT SUSTAIN ABV 6061 THEN BEARS WILL DRAG NIFTY DOWN TO 5989-71 - Time:8.48AM 21-10-2010

FAST CALL FOR ONLINE TRADERS MERCK LTD BUY ZONE 921-38 SL:901 TGT ZONE 960-1075 SLOW CALL BUY JAYANT AGRO @142-143 SL:140 TGT:146-150 - Time:8.48AM 21-10-2010

US Markets closed positive.Europe markets ended in green.Asian markets are trading mixed.


INTRADAY BEEPS

BUY ABG SHIPYARD TARGET 345 SL 315;
BUY GSPL TARGET 130 SL 123;
BUY POWERGRID TARGET 107 SL 102;
BUY INDIA INFOLINE TARGET 115 SL 108;
BUY KFA TARGET 77 SL 73;
BUY IBREALST TARGET 215 SL 207;
BUY FIEM IND TARGET 200 SL 190;
BUY INDOCO TARGET 490 SL 460;
BUY CHAMBAL FERT TARGET 89 SL 82;

STOCK BEEPS

-Coal India IPO closes today
-Stocks in F&O curb: Aban, Core Proj, Ispat, Orchid, Suzlon
-Mudra Life open offer at Rs 60/share
-GMR In a spot for levying cargo fees at Delhi
-100% open offer norm likely, SEBI board may up the trigger limit to 25%
-Results today: TCS, ACC, Ambuja, TVS Motor, Allahabad Bank, Alstom Projects, Bajaj Corp, Corporation Bank, Fresenius Kabi, Indiabulls Financial, JM Financial, Mahindra Forgings, MRF, Info Edge, Persistent Systems, Prime Securities, Sasken, South Indian Bank, Zensar Tech

Value Pick for Long Term Delivery

Comapny:Tamil Nadu Newsprint and Papers Limited (10-10-2010)
NSE Symbol: TNPL
CMP: 140
Target: 170

Company Background

Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tamil Nadu during early eighties to produce Newsprint and Printing & Writing Paper using bagasse, a sugarcane residue, as primary raw material.Over the years, TNPL has increased its capacity to 245,000mtpa and has emerged as the largest bagasse based Paper Mill in the world consuming about one million tonnes of bagasse every year.

TNPL exports about a fifth of its production to more than 30 countries including Australia, Indonesia, Nigeria, Singapore and South Africa.It is the market leader in computer stationary and the largest exporter of wood-free paper. >> More >>

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