European markets (FTSE and CAC Index) have declined by 1% each

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European markets update: FTSE Index up 0.4%, CAC Index up 0.6% and DAX Index up 0.4%

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Long Bharti July Futs at Rs265 with SL of Rs262 for Target of Rs271

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Buy IVRCL Infra at Rs187.50 with SL of Rs184 for target of Rs194.50

BUY and HOLD

                          IVRCLINFRA at 187
 

TARGET ACHIVED

BOOK PROFIT 
IN INTRADAY
  JAICORP at 261

Sector Watch: 
 Oil marketing co.,
Banking, Textiles & I.T 
(Mid Cap) Stocks

Markets to open firm

&

Likely to volatile during the session

Due to F & O expiry today

Small & Mid Cap stocks may in focus

The FIIs were net buyers of Rs2.65bn in the cash segment on Wednesday (provisionally), according to the NSE web site. Local funds remain cautious and were net sellers of Rs8.66bn. In the F&O segment, they were net buyers at Rs9.56bn. On Tuesday, the FIIs were net buyers of Rs10.37bn in the cash segment. Mutual Funds were net sellers of Rs2.32bn on the same day.

Pre Market Ideas

Morning Call,
BUY and HOLD
GTLINFRA at 43 sl 42
Target 45,47 

Corporate Snippets

Tata Motors is considering raising Rs25bn via equity or FCCB to trim debt pile. (ET)

RCom may sign a 5-year deal with Africa’s Attijariwafa Bank for managing the bank’s Ethernet services. (BS)

NTPC seeks 30mmscmd more of gas for expansion of gas based power projects. (DNA)

SAIL in talks with Japan’s Kobe Steel for a technological deal. (DNA)

IOC to start processing crude oil produced from Cairn India’s Rajasthan block at its Panipat Refinery. (DNA)

Vivendi SA, Europe’s largest entertainment group denies interest to buy a 26% stake in RCom.(mint)

सेन्सेक्स (17755.94) 06.25 अंक चढ्कर, नीफ़्टी (5323.15) 06.60 अंक चढ्कर, बंद..

Short term delivery call:

 BUY & HOLD
SAIL at Rs201 with SL of Rs197 
for target of Rs210

European Market Update: FTSE down 0.98%, DAX down 0.80% and CAC down 1.13%

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TARGET ACHIVED

BOOK PROFIT 
IN INTRADAY
                           HPCL at 362

Sector Watch: Oil Marketing, Pharma, Banking & Metal

Sector Avoid: I.T. & Cement

Markets to open in RED

&

May under pressure during the session

Keep stock specific approach

FIIs were net buyers of Rs9.76bn in the cash segment on Tuesday on a provisional basis, according to the NSE data. The local institutions were net sellers at Rs1.97bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs5.99bn. On Monday, FIIs were net buyers of Rs17.99bn in the cash segment, as per SEBI data.

Pre Market Ideas

Morning Call,
BUY and HOLD
HPCL at 354  SL 350
Target 357,359 

Corporate Snippets

Reliance Industries plans to invest more than US$3bn over the next four to five years to build capacity for its entry into the fertilizer sector. (ET)

NTPC’s decision to re-tender for the bulk supply of super critical boilers may derail its plans to expedite its 12th plan capacity addition program. (FE)

Bharti Airtel plans to spend US$100mn in the next three years on network expansion in Malawi. (ET)

L&T has been disqualified on technical grounds in NTPC's tender for 11 sets of supercritical boilers (and turbines) and the consequent re-tendering has invigorated other boiler manufacturers. (BL)

Wipro plans to hire more locals for overseas operations. (BL)

सेन्सेक्स (17749.69) - 126.86 अंक गिरकर, नीफ़्टी (5316.55) -36.75 अंक गिरकर, बंद.

DELIVARY CALL,

Target Achived in
                                       ITC at 303

India Panel to consider decontrol of petrol price on June 25 - reports

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European markets update: FTSE Index down 0.6%, CAC Index down 0.7% and DAX Index down 0.3%

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TARGET ACHIVED

BOOK PROFIT 
IN INTRADAY
                           HPCL at 345

TARGET ACHIVED

BOOK PROFIT IN INTRADAY
                          BPCL at 533
 

Short Tata Steel June futs at Rs499 with SL of Rs504 for a target of Rs490

Buy Ranbaxy at Rs450.50 with SL of Rs444.50 for target of Rs462

BUY and HOLD

                                                  RANBAXY at 450

Hot Intraday Call ... buy in weak market

BUY and HOLD
BPCL at 530
SL 526
Target 531,533


BUY and HOLD
HPCL at 344
SL 340
Target 345,348

FIIs were net buyers of Rs15.64bn in the cash segment on Monday on a provisional basis, according to the NSE data. The local institutions were net sellers at Rs5.61bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs13.21bn. On Friday, FIIs were net buyers of Rs6.95bn in the cash segment, as per SEBI data. Mutual Funds were net sellers at Rs459mn in the cash segment on the same day.

Sector Watch:

Agro, Commodities, Pharma, Offshore & Retail Sector Stocks

Markets may volatile during the session

Small-Mid Cap stocks may in lime light

Pre Market Ideas

Morning Call,
BUY and HOLD
SAIL at 201 SL 194
Target 202,203 

Corporate Snippets

Reliance Industries has become the second refinery to receive crude oil
supply through Cairn India and its joint venture partner ONGC's pipeline network. (BL)

Oil India has secured an extension for petroleum exploration licences for 10 of its 16 independently held blocks in Assam and Arunachal Pradesh. (BS)

BEML plans to invest Rs6.8bn in the next two to three years for expansion and diversification.(BS)

Tata Teleservices has suggested that the price of each MHz of excess spectrum beyond 6.2MHz in the 1800 Mhz band should be 1.67 times the 3G price set through the recent auction. (BS)

The Bajaj-Renault-Nissan alliance’s small car project continues to get sidelined as plans of production and branding is yet to take shape. (BS)

सेन्सेक्स (17876.55) 305.73 अंक चढ्कर, नीफ़्टी (5353.30) 90.70 अंक चढ्कर, बंद..

BOOK PROFIT - NIFTY, STER, M&M

BOOK PROFIT IN 
ALL SHORT TERM CALL
SIT ON CASH

BOOK PROFIT IN SELL NIFTY AT 5351

BOOK PROFIT IN INTRADAY
BUY BACK AT  NIFTY AT 5351

Hold / BUY our delivery call INDIAINFO target 100

TRADING STRONG AT 100
INDIAINFO buy given at 90-93
HOLD FOR 107,114 ++

Our Fundamental call:

Buy Bank of India at Rs341 for target of Rs392

SELL NIFTY at 5365 SL 5380 Target 5340,5320

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High risk traders Short Axis Bank June Futs at Rs1248 with SL of Rs1260 for a target of Rs 1222

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European markets update: FTSE Index up1.29%, CAC Index up 1.67% and DAX Index up 1.62%

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MORNING CALL,

TREDING STRONG

STER 

BOOK PROFIT at 185

DELIVARY CALL,

BUY and HOLD
TATA STEEL at 498
SL 444 HOLD
FOR TGT 560++
IN 60 DAYS SURE SHOT

Short term delivery call:

Buy Elecon Eng at Rs85.20 with SL of Rs68 for target of Rs110

FIIs were net buyers of Rs7.79bn bn in the cash segment on Friday on a provisional basis, according to the NSE data. The local institutions were net sellers at nearly Rs5bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs1.28bn. On Thursday, FIIs were net buyers of Rs5.44bn in the cash segment, as per SEBI data. Mutual Funds were net sellers at Rs2.93bn in the cash segment on the same day.

Markets to open in Green

&

To trade with positive bias during the session

Keep watch second line stocks

Pre Market Ideas

Morning Call,

BUY and HOLD

STER at 690 sl 681

Target 701,703

Corporate Snippets

Reliance Industries to foray into power; plans mega investment. (BL)

Besides getting 468 branches, ICICI Bank will also get control of 58 branches of a regional rural bank sponsored by Bank of Rajasthan. (BL)
Saudi Binladin Group is all set to buy a 20% stake in Maytas Infra. (BS)

Reliance Power has started generating power from the second unit of Rosa thermal power project. (ET)

Dr Reddy’s Laboratories is exploring the option of demerging its domestic formulations business and unlocking value. (BS)

Maruti Suzuki plans to introduce a CNG variant of its recently upgraded WagonR hatchback within the next three months. The upgraded version could cost about Rs 70,000 more. (BS)

सेन्सेक्स (17570.82) - 45.87 अंक गिरकर, नीफ़्टी (5262.60) -12.25 अंक गिरकर, बंद.

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European markets update: FTSE Index up 0.7%, CAC Index up 0.5% and DAX Index up 0.4%

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Reliance will build largest coke gassification plant in world

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Reliance looks forward to harmonious relationship with ADAG

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Reliance to supply gas to ADAG plants when they are ready

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BUY AND HOLD

BUY AND HOLD

                                                ITC at 295 sl 291

                                                 Target 303,305

FIIs were net buyers of Rs4.63bn in the cash segment on Thursday on a provisional basis, according to the NSE data. The local institutions were net sellers at Rs3.64bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs5.88bn. On Wednesday, FIIs were net buyers of Rs8.58bn in the cash segment, as per SEBI data.

Sector Watch:
Fertilizer, Ambani Bros., Pharma, Bank & 
Capital Good Stokcs

Market open may flat to positive

Keep watch for Mid-Small cap stocks

Pre Market Ideas

Morning Call,

BUY and HOLD

ZEELTD at 300

sl 295 Target 305,307 

Corporate Snippets

Bharti Airtel, Idea Cellular and Vodafone Essar have all refused to participate in the telecom regulator’s latest consultation process to set a price for second-generation (2G) spectrum, citing lack of transparency by Trai. (ET)

RIL in talks for acquiring 26% stake in Papavav Shipyard. (ET)

GlaxoSmithKline Consumer Healthcare plans to enter the premium cookies market. (ET)

JSPL has got three years extension to begin constructing its US$2.1 billion steel plant in Bolivia as against the original deadline of 2010. (ET)

Ranbaxy may close down one of its biggest global bulk drug production units at Mohali and is sourcing few products made at the facility. (ET)

सेन्सेक्स (17616.69) 153.82 अंक चढ्कर, नीफ़्टी (5274.85) 41.50 अंक चढ्कर, बंद..

 

   

BUY Adani Enterprises June Futs at Rs546.5 with SL of Rs538 for a Target of Rs564

BUY and HOLD

                                                ADANI ENTEPRIES JUNE FUTS

European market update: FTSE, DAX and CAC index trading flat

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India food inflation rate was 16.12% in week ended June 5

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Short ICICI June Futs at Rs879 with SL of Rs889 for a target of Rs859

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Markets to open flat to positive

&

Likely to move in narrow range

Bajaj Hindusthan'

Board will meet to consider the Scheme of amalgamation of Bajaj Hindusthan Sugar and Industries Ltd. (a 75% listed subsidiary) with the company.

FIIs were net buyers of Rs7.84bn in the cash segment on Wednesday on a provisional basis, according to the NSE data. The local institutions were net sellers at Rs1.71bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs17.44bn. On Tuesday, FIIs were net buyers of Rs6.93bn in the cash segment, as per SEBI data. Mutual Funds were net sellers at Rs1.48bn in the cash segment on the same day.

Pre Market Ideas

Morning Call,

BUY  and HOLD

PIRAMALHELTHCARE at 494

sl 487 Target 503,505 

Corporate Snippets

Reliance Industries plans to build large power plants in India. (BL)

Reliance Capital picks up 18% stake in Bloomberg UTV. (BL)

RCom looks to selling 26% stake in Globalcom. (BL)

NTPC is scouting for coal fields in Australia. (ET)

IOC, HPCL have signed contracts with RIL for KG gas. (ET)

US distributor sues M&M for delay in launching SUV. (BL)

SBI is planning to introduce wealth management services in a phased manner in 2010-2011. (BL)

Cipla to partner Chinese companies to sell Roche, Amgen drug clones. (ET)

सेन्सेक्स (17462.87) 50.04 अंक चढ्कर, नीफ़्टी (5233.35) 11.00 अंक चढ्कर, बंद..

   

Book Profit in RIIL

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High risk traders: Buy RIIL at 995 with SL of Rs984 for target of Rs1020, 1030

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European market update: FTSE index up 0.58%, CAC index up 0.55%, DAX index 0.59.

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DELIVARY CALL,

BUY and HOLD 
EXIDEIND at 126 sl  122
Target 129,132 in Ten Days

BUY Indiabulls Real Estate June futs at Rs151.8 with SL at Rs147 for a target of Rs160.5

BUY  AND HOLD

INDIABULLS JUNE FUTS 

Buy Reliance Infra at Rs1201 with SL of Rs1190 for Target of Rs1240

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TARGET ACHIVED

PROFIT BOOK
TARGET ACHIVED at STCINDIA 440

                   

Sector Watch: 
Fertilizer, Sugar, Real Estate &
Ambani Bros. Stocks

BUY AND HOLD

    BUY AND HOLD

                          STCINDIA at 432

                                             sl 430 

                    Target  435,440

Market rally to continue

&

Sensex may up 300 points

Overall positive outlook

FIIs were net buyers of Rs5.90bn in the cash segment on Tuesday on a provisional basis, according to the NSE data. The local institutions were net sellers at Rs3.51bn on the same day. In the F&O segment, the foreign funds were net buyers of just Rs148mn. On Monday, FIIs were net buyers of Rs3.8bn in the cash segment, as per SEBI data. Mutual Funds were net buyers at Rs1.11bn in the cash segment on the same day.

Pre Market Ideas

Morning Call,

BUY and HOLD TATASTEEL

AT 490  SL  482 TARGET  503,505 

Corporate Snippets

Cairn India has started selling crude oil from its Mangala oil field in Rajasthan to private sector Reliance Industries 
and Essar Oil using a heated oil pipeline. (ET)

ONGC has said that its Assam asset is losing production due to ‘infinite' shut-down of Numaligarh Refinery Ltd, a subsidiary of Bharat Petroleum. (BL)

Oil regulator Petroleum and Natural Gas Regulatory Board has approved the tariff that GAIL India will charge from consumers for moving natural gas through its two main trunk pipelines. (ET)

Reliance Infratel has all but approved a merger deal that could see its tower assets combine with smaller rival GTL Infrastucture in exchange for Rs150bn in cash and a significant stake in a new entity for shareholders of its parent company. (ET)

सेन्सेक्स (17412.83) 74.66 अंक चढ्कर, नीफ़्टी (5222.35) 24.65 अंक चढ्कर, बंद..

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BUY Unitech June Futs at Rs69.35 with a SL of Rs67.5 for a target of Rs73.5

BUY  AND HOLD

UNITECH JUNE FUTS 

Trail SL in Short Wipro and trade safe now

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Short Wipro June Future at Rs409.5 with SL at Rs415 for a target of Rs399

FIIs were net buyers of Rs3.47bn in the cash segment on Monday on a provisional basis, according to the NSE data. The local institutions were net sellers at Rs414.3mn on the same day. In the F&O segment, the foreign funds were net buyers of Rs18.14bn. On Friday, FIIs were net buyers of Rs8.96bn in the cash segment, as per SEBI data.

Pre Market Ideas

Morning Call,

BUY and HOLD

RELANCE at 1066 sl 1054

Target 1072,1073 

Corporate Snippets

Reliance Communications has decided to demerge its telecom tower business -Reliance Infratel. (BS)

Strides Arcolab has received the nod from the US Food and Drug Administration for the sumatriptan succinate injection, used to treat patients suffering from migraine attacks. (ET)

HCL Technologies has signed an outsourcing agreement worth US$110mn (~Rs5.1bn) with Singapore Exchange for five-years. (BL)

Godrej may transfer some of the landholdings held by its subsidiary Godrej Agrovet to another group firm for developing real estate projects. (ET)

At least four large public sector banks expect to set their base rates between 7.5% and 8.5%, the range indicated by the SBI. (BS)

सेन्सेक्स (17338.17) 273.22 अंक चढ्कर, नीफ़्टी (5197.70) 78.35 अंक चढ्कर, बंद..

       

Target achieved in Long Jindal Saw

PROFIT BOOK
TARGET ACHIVED at JINDALSAW

BUY L&T June Futs at Rs1694 with SL of Rs1676 for Target of Rs1730

Trail SL in Long Jindal Saw and trade safe now

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BUY Jindal Saw June Futs at Rs194.50 with SL of Rs192 for Target of Rs199.50

MORNING CALL,

MORNING CALL,
TARGET AHCHVED at MNM 611,614
PROFIT BOOK

Sector Watch: PSU Bank, FMCG Stocks

Market to open in GREEN

&

Likely to trade in consolidation zone

Pre Market Ideas

Morning Call,

BUY and HOLD MNM at 606

sl 601 Target 610,611

Corporate Snippets

Reliance Industries discovered more oil at an onland site in Gujarat’s Cambay Basin, raising the potential of the exploratory fields it has been drilling. (ET)

The management of Reliance Industries has told its board that it has identified power, telecommunications, financial services and pharmaceuticals for investments in the near future. (ET)

US court granted a motion seeking a preliminary injunction to block the launch of Dr Reddy’s Labs generic version of Sanofi-Aventis' anti-allergic drug, Allegra D24. (BS)

Reliance Industries will acquire Infotel Broadband Services for Rs48bn, marking the re-entry into the telecom market. (BS)

Tata Technologies, the engineering and design subsidiary of Tata Motors has been selected by US-based Genovation Cars to design and build a prototype of an electric car for it. (BS)