Market outlook 04-08-2010

US Markets closed negative.

Europe markets ended weak.

Asian markets are trading mixed.

Expect Indian Markets to open flat.

Nifty: (5439) Support 5366 and Resistance 5447-5477.



INTRADAY BEEPS



BUY ADANI ENT TARGET 635 SL 615 ;

BUY KS OIL TARGET 60 SL 54 ;

BUY JUBILANT FOOD TARGET 435 SL 415 ;

BUY RCF TARGET 88 SL 83 ;

BUY GODREJ IND TARGET 200 SL 190;

BUY HINDALCO TARGET 169 SL 163;

BUY KALE CONSUL TARGET 135 SL 125 ;

BUY ORIENT PAPER TARGET 59 SL 53;

BUY DB CORP TARGET 260 SL ;

BUY BANK BARODA TARGET 785 SL 769 ;



STOCK BEEPS



-Listing of Orissa Mineral Development Company on Exchanges (Already listed on Calcutta Stock Exchange @ Rs.19500/share)

-Listing of Midfield Industries on exchanges (Issue Price: Rs 133/share)

-Results today: IDFC, Adani Power, GMR Inds, Mundra Port, Standard Chartered, IL&FS Transportation, ITI, Future Capital Holding,Technocraft Inds, Bombay Rayon Fashion, Aftek

-Cognizant’s CY'Q2 2010 Net profit up USD 172.2 million, (up 13.7% QoQ)

-Punj Lloyd Q1FY11 net loss at Rs 30.6 crore versus profit of Rs 127 crore (YoY)

-Independent News & Media Investments likely to sell 6.5% equity in Jagran Prakashan today

-NDTV Q1 Loss at Rs 31.1 crore versus Rs 83 crore (YoY)

-Godrej Industries in early stages of acquisitions in niche areas

-RIL, Essar to bid for BP’s USD 500 million assets

-Borosil Glass sells Andheri plot for Rs 875 crore





BUZIBIZ



Value Pick for Long Term Delivery >> 01-08-2010 <<



1] Buy Apollo Tyres Ltd. - One year Return - 25%

Recommendation: BUY

CMP: Rs:64

Target Price: Rs:80 >> More >>



2] Buy Essel Propack - One Year Return - 40%

Recommendation: BUY

CMP: Rs:48

Target Price: Rs:70 >> More >>



3] Buy Orient Paper & Industries - One Year Return - 15%

Recommendation: BUY

CMP: Rs:54

Target Price: Rs:63 >> More >>



4] Buy Genus Power - One Year Return - 30%

Recommendation: Buy

Price Target: Rs:300

CMP: Rs:229 >> More >>



5] Buy 3i Infotech - One Year Return - 60%

Recommendation: Buy

Price target: Rs:100

Current market price: Rs:63 >> More >>



6] Buy Bank of Baroda - One Year Return - 25%

Recommendation: Buy

Price target: Rs:935

CMP: Rs:753 >> More >>



7] Buy IPCA Laboratories - One Year return 25%

Cluster: Ugly Duckling

Recommendation: Buy

Price target: Rs:350

Current market price: Rs:280 >> More >>



8] Buy Provogue India Ltd - One Year Return - 50%

Recommendation: Buy

Price target: Rs:90

Current market price: Rs:58 >> More >>