US Markets closed higher.
Europe markets ended positive.
Asian markets are trading green.
Expect Indian Markets to open positive.
Nifty: (5432) Support 5366 and Resistance 5477.

INTRADAY BEEPS

BUY YES BANK TARGET 315 SL 300;
BUY PUNJAB NATIONAL BANK TARGET 1150 SL 1100 ;
BUY HINDALCO TARGET SL ;
BUY SOBHA TARGET 340 SL 329 ;
BUY MLL TARGET 52 SL 46 ;
BUY JP ASSOCIATES TARGET 122 SL 115;
BUY IBREALEST TARGET 173 SL 164 ;
BUY GMR INFRA TARGET 60 SL 55 ;
BUY AUROBINDO PHARMA TARGET 999 SL 980 ;

STOCK BEEPS

-Maruti hikes car prices by Rs 2,000-7,500
-Lok Sabha passes State Bank of India Amendment Bill 2010, Bill will allow SBI to raise capital via rights issue
-Hero Honda July total sales at 4.27 lakh units versus 3.66 lakh units (YoY)
-Zenith Birla approved to raise funds worth Rs 350 crore
-Oriental Hotels: Board approved stock spilt in ratio of 10:1
-Malaysia’s Astro to increase stake in Sun Direct
-Indian banks hit hard by Zoom Developers’ delinquency, banks collectively owe Rs 2650 crore
-Results Today: Hindalco, Punj Lloyd, NDTV, Swaraj Engines, Welspun India, Shiv Vani Oil
-Ex-Dates: ITC :Ex-Bonus 1:1
-Rel Infra mulling demerging its EPC business
-SEBI issues show cause notice to RNRL and Reliance Infra
-Tata Steel In talks with Thailand-based SSI for selling Teeside
-NMDC Q1 PAT at Rs 1504 crore versus Rs 773 crore ((YoY))
-Nestle India Q2 Net profit at Rs 195 crore versus Rs 163 crore (YoY)
-Madras Cement Q1 Net profit at Rs 72.6 crore versus Rs 138.4 crore (YoY)
-Gulf Oil Q1 PAT at Rs 9.3 crore versus Rs 20.9 crore ((YoY))

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 >>