Market outlook 06-08-2010

US Markets closed weak.

Europe markets ended flat.

Asian markets are trading negative.

Expect Indian Markets to open flat.

Nifty: (5447) Support 5407 and Resistance 5487.



INTRADAY BEEPS



BUY VARUN SHIP TARGET 50 SL 45 ;

BUY BRFL TARGET 267 SL 258;

BUY SKUMARS NAT TARGET 87 SL 82;

BUY MLL TARGET 58 SL 51 ;

BUY GE SHIPPING TARGET 325 SL 310;

BUY ANDHRA BANK TARGET 150 SL 143;

BUY ASHOK LEY TARGET 77 SL 70;

BUY ABAN TARGET 935 SL 895;



STOCK BEEPS



-Results today: Power Grid, Edserv Soft, Fortis Health, ICSA India,Prakash Inds, RCF, Gammon Infra, Reliance Media Works RCF results postponed to 10th

-Vodafone open to selling 4% stake in Bharti

-Promoter holding in Indian Hotels Co will go up as per Ratan Tata

-SEBI ask companies to file shareholding 1 day prior to listing

-SEBI ask companies must disclose every 2% shareholding change in 10 days

-BAG Films Board approves preferential allotment of 50 lakh shares to Promoters

-Asahi Infrastructure Approved consolidating of shares in ratio of 1:10

-Tulip Telecom Wins R-APDRP projects worth Rs 158.2 crore for Uttar Pradesh and Gujarat

-Man Infra Q1 PAT at Rs 22.8 crore versus Rs 20.5 crore (YoY)

-Ashapura Minechem Q1 PAT at Rs 10.6 crore versus Rs 5 crore (YoY)

-Ansal Housing Q1FY10 (YoY) Net Profit: Rs 5.52 crore versus Rs 4.52crore

-Anant Raj Q1 PAT at Rs 45 crore versus Rs 68 crore (YoY)

-Balaji Distilleries Q1 PAT at Rs 8.6 crore versus Rs 6.57 crore (YoY)

-Bajaj Corp IPO closes and Overall subscription 19.29 times (x)



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 >>