Market outlook 30-09-2010

US Markets closed negative.Europe markets ended lower.Asian markets are trading weak.Expect Indian Markets to open flat.Nifty: (5991) Support 5950 and Resistance 6070.INTRADAY BEEPSBUY MINDTREE TARGET 525 SL 500;BUY TATA MOTORS TARGET 1125 SL 1095;BUY RENUKA TARGET 90 SL 82;BUY MLL TARGET 60 SL 54;BUY BAJAJ AUTO TARGET 1525 SL 1480;BUY CREWBOS TARGET 168 SL 160 ;BUY SUPREME IND TARGET 775 SL 740;BUY EIHOTEL TARGET 143 SL 135;STOCK BEEPS-Volatility expected in indian market being expiry day.-Bajaj Auto, Dr Reddy’s, Sesa Goa to get in Nifty; ABB, Idea, Unitech to go out of Nifty-Mahindra Satyam ADR down 10% after numbers; FY10 Net sales at Rs 5481 crore versus Rs 8813 crore;Net loss at Rs 125 crore versus loss of Rs 8177 crore-Crew BOSBoard meets today on QIP-Mercator Lines Board meets today...

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STOCK BEEPS 27-09-2010

-Satyam ADR down 23% after company announces intention to delist ADR;1 ADR represents 2 shares;ADR to delist on October 14-India Cements in focus, Chennai Superkings win CLT20, prize money of USD 2.5 million-Berger Paints India to invest Rs 350 crore in AP-HCC awarded two new contracts worth Rs 660 crore from GMR Hydro Power Generation-Shilpa Medicare board allots 20 lakh shares to Barings India PE, 5 lakh warrants to promoters at Rs 350-Navin Flourine board approves buyback at Rs 400/sh ((CMP: 292))-Magnum Ventures (CMP at 11), board meet on 27th to approve the draft letter of offer for the proposed rights Issue-Kingfisher withdraws SLP against CCI at SC-Cotton security policy to be unveiled next week-KPIT Cummins to consider, acquisition of a Company based in US geography.-Infoedge India...

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Market outlook 24-09-2010

US Markets closed negative.Europe markets ended lower.Asian markets are trading weak.Expect Indian Markets to open flat to negative.Nifty: (5960) Support 5900 and Resistance 6010.INTRADAY BEEPSBUY SURYA PHARMA TARGET 290 SL 270;BUY TATA GLOBAL TARGET 128 SL 120;BUY ENERGYDEV TARGET 65 SL 58;BUY NAGAR CONSTRUCTION TARGET 175 SL 160;BUY VIVIMED TARGET 350 SL 325;BUY RUCHISOYA TARGET 140 SL 130;BUY JKIL TARGET 270 SL 257;BUY ONMOBILE TARGET 375 SL 355;BUY GITANJALI TARGET 250 SL 240;STOCK BEEPS-Steel Cos to hke steel prices in October-Govt to consider import duty on power equipment-SEBI rejects MCX SX application for Stock Exchange-Strides Arcolab launches QIP;To raise between USD 45-100 million;-issue priced at Rs 423.5/share-EIH Approves rights issue of Rs 1,300 crore-RIL to participate in...

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Market outlook 21-09-2010

US Markets closed flat.Europe markets ended negative.Asian markets are trading in green.Expect Indian Markets to open flat.Nifty: (6009) Support 5960 and Resistance 6040.INTRADAY BEEPSBUY CREWBOS TARGET 190 SL 177;BUY DELTA CORP TARGET 83 SL 74;BUY IVRCL INFRA TARGET 172 SL 163;BUY HOVS TARGET 140 SL 133;BUY VIP IND TARGET 560 SL 540;BUY TINPLATE TARGET 85 SL 77;BUY DCM TARGET 110 SL 104;BUY JMC PROJECT TARGET 218 SL 207;STOCK BEEPS-Sun Pharma announces settlement with Levitt and Moros families-ONGC only foreign firm to bid for Trebs & Titov oil deposits-IATA revises 2010 aviation outlook,expects Profit for 2010 to be USD 8.9 billion vs USD 2.5 billion-Mahindra Satyam to have board meet on September 29 to restate accounts-Essar Oil raises petrol prices by 27 paise/ltr-Nitin Fire Acquired...

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Stock beeps 21-09-2010

-Aviation Ministry not to pursue change in FDI norms -EIH Board meet on September 23 to consider rights issue -ITC may not subscribe to EIH rights issue -Malu Paper Mills Board approved fund raising upto Rs 500 crore and to issue convertible share warrants to Promoters -Delta Corp acquires 50.99% of Advani Pleasure cruise from Advani Hotel -IOC raises petrol price by 27 paise/ Ltr with effect from midnight. -Navin Flourine board meet on 24th to consider buy back -Shyam Star Gems open offer at Rs 18/sh -State may nix Mafatlal land sale as it belongs to collector and the revenue department -CAG warning call to DoT on bailout for new telecom companies Stock beeps 20-09-2010 -Met Dept says chance of monsoon withdrawal starting in week ending October 1 High rainfall activity seen in northeast...

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Value Pick for Long Term 16-09-2010

Buy Royal Orchid Hotels Ltd - Upside Potential : 50%NSE Symbol: ROHLTDCMP : 85.50 Target : 125Time Frame : 6 months Upside Potential : 50%Royal orchid is raising Rs 150 crore to fund its new projects will be used to double its total room capacity to 2,000 by the end of the next fiscal through the issue of nonconvertible debentures and/or preferential convertible share warrants, or other financial instruments, including QIP.The hotels of the Company are situated across the major markets in India giving it an advantage of adequately balanced representation.The Company is adopting multiple marketing strategies in a focused manner as well as has established strictest quality norms in servicing the customers to win their appreciation and loyalty.The hotel industry is expected to report robust sales...

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Market outlook 16-09-2010

US Markets closed positive.Europe markets ended negative.Asian markets are trading in mixed.Expect Indian Markets to open flat to weak.Nifty: (5870) Support 5840 and Resistance 5900.INTRADAY BEEPSBUY IDFC TARGET 205 SL 195;BUY LIC HSG TARGET 1300 SL 1260;BUY HCL TECH TARGET 435 SL 415;BUY FIN TECH TARGET 1475 SL 1400;BUY SOUTH BANK TARGET 215 SL 206;BUY INDUSIND BANK TARGET 250 SL 237;BUY GAIL TARGET 500 SL 480;BUY MLL TARGET 59 SL 55;BUY MAYTAS INFRA TARGET 220 SL 207;STOCK BEEPS-IndusInd Bank QIP open to raise USD 215-250 million;QIP priced at Rs 234/share-Religare enters Sri Lankan market by acquiring Bartleet-Astrazeneca Signs outlicensing deal with Intas Pharma-Oil PSUs to up ATF prices by average of Rs 699/kL today-RBI likely to express reservations in giving Jet Airways approval to...

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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 BEEPSBUY 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...

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Market outlook 14-09-2010

US Markets closed positive.Europe markets ended higher.Asian markets are trading mixed.Expect Indian Markets to open flat.Nifty: (5760) Support 5710 and Resistance 5800.INTRADAY BEEPSBUY HINDALCO TARGET 198 SL 187;BUY YES BANK TARGET 345 SL 325;BUY KALE CONSULT TARGET 175 SL 155;BUY SKUMAR NATION TARGET 88 SL 83;BUY UNIECH TARGET 88 SL 83;BUY UNIPHOS TARGET 197 SL 187;BUY AXIS BANK TARGET 1445 SL 1420;BUY GDL TARGET 122 SL 114;BUY REL INFRA TARGET 1100 SL 1025;BUY CENTURY TEXT TARGET 540 SL 522;STOCK BEEPS-HDIL QIP opens to raise between USD 150-250 million; price @ Rs 268.18/share-S Kumars launches QIP to raise USD 25-50 million; price @ Rs 80/share-L&T Infra Finance Looking to raise up to Rs 700 crore before December 2010-Cairn Energy formally seeks GoI’s consent for Vedanta Deal-Inclusion...

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Market outlook 08-09-2010

US Markets closed lower. Europe markets ended negative. Asian markets are trading in red. Expect Indian Markets to open weak. Nifty: (5604) Support 5547 and Resistance 5645. INTRADAY BEEPS BUY RENUKA TARGET 78 SL 68; BUY TATA GLOBAL TARGET 140 SL 121; BUY INDIA CEMENT TARGET 120 SL 110; BUY TATA INVEST TARGET 585 SL 560; BUY M&M FIN TARGET 645 SL 610; BUY BALRAMCHIN TARGET 95 SL 87; BUY SUN PHARMA TARGET 1750 SL 1700; BUY ASTRA MICRO TARGET 70 SL 60; Market outlook 07-09-2010 US Markets were closed yesterday.Europe markets ended green.Asian markets are trading mixed.Expect Indian Markets to open flat.Nifty: (5577) Support 5468 and Resistance 5620.INTRADAY BEEPSBUY TATA STEEL TARGET 590 SL 570;BUY UFLEX TARGET 185 SL 176;BUY FEDERAL BANK TARGET 360 SL 340;BUY MPHASIS TARGET 670 SL 640;BUY...

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Market outlook 07-09-2010

US Markets were closed yesterday.Europe markets ended green.Asian markets are trading mixed.Expect Indian Markets to open flat.Nifty: (5577) Support 5468 and Resistance 5620.INTRADAY BEEPSBUY TATA STEEL TARGET 590 SL 570;BUY UFLEX TARGET 185 SL 176;BUY FEDERAL BANK TARGET 360 SL 340;BUY MPHASIS TARGET 670 SL 640;BUY PROVOGUE TARGET 70 SL 64;BUY WOCKHARDT TARGET 250 SL 238;BUY THOMAS COOK TARGET 77 SL 70;BUY RANBAXY TARGET 530 SL 515;BUY GEODESIC TARGET 105 SL 99;BUY APIL TARGET 735 SL 705;STOCK BEEPS-RComm to seek shareholder nod to raise funds via QIP issue-HDFC Bank hikes benchmark PLR by 50 bps to 16.25%-Orissa may find it tough to give us another mine: Vedanta-Ind-Swift board approves preferential issue of 80 lakh convertible warrants to promoters group-Andhra Cements allots 31 lakh shares...

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Buzibiz Bank Details

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MARKET OUTLOOK 06=09-2010

US Markets closed positive. Europe markets ended green. Asian markets are trading positive. Expect Indian Markets to open positive and follow global market. Nifty: (5479) Support 5463 and Resistance 5549. INTRADAY BEEPS BUY HOTEL LEELA TARGET 60 SL 52; BUY KFA TARGET 68 SL 61; BUY BHARTI AIRTEL TARGET 345 SL 332; BUY KARNATAKA BANK TARGET 189 SL 175; BUY TV18 TARGET 102 SL 93; BUY ATLAS CYCLE TARGET 294 SL 274; BUY ZEEL TARGET 295 SL 283; BUY BHUSHAN STEEL TARGET 1890 SL 1830; BUY IGL TARGET 358 SL 349; BUY PETRONET TARGET 118 SL 112;Weekly Report 04-09-2010 With data showing improvement in the US macroeconomic numbers,especially in manufacturing and payrolls, the global risk aversion could subside further. Monday promises to be a good day for the bulls,as world markets are expected to...

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Weekly Report 04-09-2010

With data showing improvement in the US macroeconomic numbers,especially in manufacturing and payrolls, the global risk aversion could subside further. Monday promises to be a good day for the bulls,as world markets are expected to rejoice a better than expected US jobs data. The overall lost jobs were lower than forecast and private hiring turned out to be higher than anticipated. But, the unemployment rate is still pretty high at 9.6%. Jobless rate is also pretty elevated in the debt-plagued euro-zone, which could see some slowdown due to the tough austerity measures.Japan has just joined the US in announcing fresh quantitative easing to bolster growth even as the ECB has extended its very own bank lending program. China of course has its own set of issues. So, not all is well with the world...

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MARKET OUTLOOK 03-09-2010

US Markets closed higher.Europe markets ended flat. Asian markets are trading mixed.Expect Indian Markets to open in green. Nifty: (5486) Support 5453 and Resistance 5549.INTRADAY BEEPS BUY DWARIKESH SUGAR TARGET 99 SL 89;BUY DHAMPUR SUGAR TARGET 73 SL 65; BUY SUZLON TARGET 54 SL 49;BUY CHAMBAL FERT TARGET 75 SL 68; BUY EXIDE TARGET 163 SL 150;BUY ACE TARGET 74 SL 67; BUY GODREJ PROP TARGET 800 SL 785;BUY TEXMACO TARGET 165 SL 155; BUY BEML TARGET 1080 SL 1010;BUY BAJAJ HIND TARGET 130 SL 117; STOCK BEEPS-Ashok Leyland August total bus & truck sales at 7,480 units vs 4,784 units (YoY) -Transwarranty Finance Board Meet on September 6 for foray into Natural Resources -Board Meet of Jindal Poly on Bonus & fund raising-Adani Power gets nod to bid for Kosovo power project -DLF defers sale...

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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...

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