US Markets closed negative.Europe markets also ended lower.Asian markets are trading weak.Expect Indian Markets to open flat.Nifty: (5452) Support 5386 and Resistance 5495

INTRADAY BEEPS

Buy Neyveli Lignite, SL Rs 156, target Rs 181.
Buy Adani Enterprises, SL Rs 594, target Rs 688.

Delivery Beeps

Buy South Indian Bank Target 230
Buy Hanung Toys  Target 300


MARKET OUTLOOK 13-08-2010

US Markets closed negative.
Europe markets ended flat.
Asian markets also are trading mixed.
Expect Indian Markets to open flat.
Nifty: (5416) Support 5366 and Resistance 5447-5493.

INTRADAY BEEPS

BUY OPTO CIRCUIT TARGET 280 SL 266;
BUY PARAL TARGET 360 SL 325;
BUY UNION BANK TARGET 335 SL 326;
BUY SHASUN CHEM TARGET 87 SL 80;
BUY JHS TARGET 92 SL 75;
BUY SUNDRMFAST TARGET 55 SL 51;
BUY ASAHI INDIA TARGET 89 SL 77;
BUY NEYVELI LIGNITE TARGET 175 SL 165;
BUY BIOCON TARGET 340 SL 330;
BUY MRPL TARGET 85 SL 77;

STOCK BEEPS

-Results today: Adani Enterprises, Reliance Communications, Suzlon,Wockhardt, Cipla, Tanla Solutions, Deccan Chronicle, HMT, Saregama India, Patel Engineering, Finolex Inds
-Essar Shipping to demerge shipping, logistics and oil fields businesses into a separate entity;Demerger will create 2 separate entities Essar Ports (Existing company) & Essar Shipping;One (1) share of the new company for every 3 held currently ;Existing 3 shares to be consolidated into 2 shares
-RBI eases ECB rules for hotels, hospitals & software
-ABG Infra Grant of Letter of Award (LOA) by Tuticorin Port Trust
-Sadbhav Engg rights issue to open on Aug 18
-Jyoti Structure Mulls meet on August 18 for Fund raising via equity instruments ((QIP))
-Parliament passes State Bank of India Amendment Bill
-Kalindi Rail board approves issue of 10 lakh convertible warrants to promoter
-PFC Approved sales of shares via QIP or FPO up 20%
-BF Utilities to sell 10% in Nandi Corridor to JP Morgan PE
-NMDC may rope on Kobe for Aussie ore project
-TVS To restart twin spark-plug Flame

RESULT UPDATE

Tata Steel Q1 net profit at Rs 1,825.3 cr vs net loss of Rs 2,208.7 cr (YoY)
Ansal Properties Q1 Cons net profit at Rs 36.9 cr vs Rs 10.3 cr (YoY)
Adhunik Metaliks Q1 PAT at Rs 18.3 cr vs Rs 6.66 cr ((YoY))
Indiabulls Real Estate Q1 PAT at Rs 25.1 cr vs Rs 6.2 cr (QoQ)
Divis Lab Q1 PAT at Rs 84 cr vs Rs 58 cr ((YoY))
MTNL Q1 Loss of Rs 451 cr vs Rs 42.4 cr ((YoY))
Hindustan Copper Q1 PAT at Rs 26.2 cr vs Rs 0.23 cr ((YoY))
Apollo Hospital Q1 PAT at Rs 39.2cr vs Rs 44.8 cr ((YoY))

BUZIBIZ