Market to bounce back

&

Likely to volatile during the session

Keep Watch on Large Cap Stocks

Pre Market Ideas

MORNING CALL,

BUY and HOLD

TATASTEEL at 515

sl 509

TARGET 522,525

Corporate Snippets

Mahindra Satyam has won its tax dispute with Upaid after the Supreme Court of the State of New York gave a favorable decision. (BS)

ADAG is close to acquiring a 26% stake from Indiabulls Financial Services in Indian Commodity Exchange. (BS)

TCS said it may double its workforce in China over the next year. (ET)

HPCL is looking at buying fuel retail assets of Royal Dutch Shell in Africa. (ET)

Suzlon may set up plant to produce rotor blades in Brazil. (ET)

Cox & Kings Ltd issued Global Depository Receipts (GDR) at Rs569.20 per share yesterday, amounting to US$65mn. (BS)

सेन्सेक्स (18048.25) - 01.93 अंक गिरकर, नीफ़्टी (5414.15) - 04.15अंक गिरकर, बंद.

  

STAR call:

Buy and hold

OnMobile for

delivery at Rs317 with 

SL of Rs312

hold for 15 days 

BUY M&M Aug Fut at Rs620 with SL of Rs615 for Target of Rs631

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Book Profit in buy Nifty Aug Futs given yesterday

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SHROT TERM DELIVARY CALL,

Buy & hold

HPCL at Rs498 with 

SL of Rs490 for

target of Rs520, 525

hold for 10 days

European markets update: FTSE Index up 0.2%, CAC Index up 0.6% and DAX Index up 0.5%

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INTRADAY CALL,

BANG ON TARGET

CUMMISINDIA at 721

target Achived

BOOK PROFIT

FIIs were net buyers of Rs4bn in the cash segment on Monday (provisionally), according to the NSE web site. Local funds were net sellers of Rs4.33bn. In the F&O segment, they were net buyers at Rs1.5bn. Foreign funds were net buyers of Rs7.17bn in the cash segment on Friday, according to SEBI's web site. Mutual Funds were net sellers at Rs98mn on the same day.

BUY TCS Aug Fut at Rs858 with SL of Rs853 for Target of Rs870

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BUY Cipla Aug Futs at Rs308.50 with SL of Rs303 for a target of Rs321

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Only Sq-off is allowed in RELIANCE F&O as broker-wise limit has been reach to 90%.

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INTRADAY CALL,

Buy and hold

Cummins India Ltd 716

with s/L Rs 710

target Rs 718,720

Market to open Flat

&

Likely to bounce back

Sector Watch:

Cement, Sugar Stocks

Pre Market Ideas

MORNING CALL,

BUY and HOLD

SIEMENS at 707

sl 697

TARGET 717,723

Corporate Snippets

Vedanta Resources has agreed to acquire a majority stake in energy explorer Cairn India for up to US$9.6bn in cash. (ET)

A four-member panel appointed by the Union ministry of environment and forests (MoEF) has told MEF it would be illegal to allow Vedanta-owned Sterlite Industries to conduct bauxite mining operations on the Niyamgiri hills at Kalahandi district in Orissa. (BS)

SBI has raised its benchmark prime lending rate by 50bps to 12.25% effective Tuesday. (ET)

Lanco Infratech has targeted a capex plan of Rs240bn for increasing its power generation capacity to 9,300MW. (ET)

Siemens has bagged a 10mn euro order from SAIL to supply an RH vacuum degassing plant to the Rourkela Steel plant. (ET)

सेन्सेक्स (18050.78) - 116.25 अंक गिरकर, नीफ़्टी (5418.30) - 33.80 अंक गिरकर, बंद.

High risk traders BUY Nifty Aug Futs at 5410 with SL of 5380 for a target of 5470

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Tribals to get 26% of mining profits negative for metal companies like Sesa Goa, Sail, Sterlite, NMDC and Tata Steel

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European markets update: FTSE Index up 0.4%, CAC Index up 0.5% and DAX Index up 0.8%

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Cairn to sell upto 51% of Cairn India to Vedanta

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India approves Ethanol price at Rs27-Liter as fuel - reports

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BUY Tata Steel Aug Fut at Rs535 with SL of Rs530 for Target of Rs547

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FIIs were net buyers of just Rs501.5mn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net buyers of Rs333.8mn. In the F&O segment, they were net buyers at Rs12.15bn on Friday. Foreign funds were net buyers of Rs4.49bn in the cash segment on Thursday, according to SEBI's web site. Mutual Funds were net sellers at Rs1.4bn on the same day.

INTRADAY CALL,

BUY AND HOLD

ORBITCO at 131

sl 127

TARGET 137,139

Market open in RED

Strong recovery is likely during the session

Undertone may remain bullish

Keep Stock specific approach

All mid Cap Stocks will in action

Pre Market Ideas

MORNING CALL,

BUY AND HOLD

CAIRNINDIA at 355

sl 350

TARGET 357,358

Corporate Snippets

HDFC Bank and Kotak Mahindra Bank plan to raise car loan rates by at least 0.5% in the next few days. (ET)

PE fund TPG Capital and a US-based global energy fund are in separate talks with Suzlon to acquire up to 25% stake in its German wind energy subsidiary, REpower Systems, for US$500mn. (ET)

Unitech is all set to explore possibilities for acquiring new projects in the coming months. (BS)

NTPC may offer equity stake to Qatar Petroleum in its gas-based projects. (BS)

Vedanta Resources Plc is looking for a "majority stake" in Cairn India. Vedanta Resources is negotiating with Cairn Energy Plc, the British company owning 62.4 per cent in Cairn India, for a controlling stake. (BS)

The government is unlikely to clear Vedanta Resources' acquisition of majority stake in Cairn India in a hurry. (BS)

Jai Hind !!

The National Flag Is Symbol Of Nation's Pride n Respect.There Is Liberal Use Of Flag On Independence Day.

NORTH POLE TEAM

सेन्सेक्स (18167.03) 93.13 अंक चढ्कर, नीफ़्टी (5452.10) 35.65 अंक चढ्कर, बंद..

High risk traders

buy & hold

DLF at Rs321 with 

SL of Rs316 for

target of Rs332, 335

All OUR LAST WEEK CALLS - Rocking, bang on target

HPCL

RIIL

TVS MOTOR

HCC

UNION BANK

PATNI

ICICI BANK

TATAMOTORS

RELIGARE

INFOEDGE - NAUKARI

EDUCOMP

CRAIN

DABUR INDIA

HCLTECH

JAYSHREE TEA

All OUR LAST 

WEEK CALLS 

- Rocking, 

bang on target

NORTHPOLE ROCKS!!!!!!

Book profit in STAR call of Union Bank

Book profit in STAR call of
Union Bank at 340.90

BTST CALL BANG ON TARGET

SHROT TERM DELIVARY CALL,

BUY and HOLD

ITC at 155

sl 140

TARGET 164,172

HOLD FOR 10 DAYS

European markets update: FTSE Index, CAC Index up 0.6% each and DAX Index up 0.5%

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Patni aannounces Rs63 sepcial dividend

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OUR CALL,

TREDING  STRONG

BUY and HOLD

ICICI BANK at 977

sl 940

TARGET 999++

HOLD FOR 10 DAYS

GOLD call:

BUY and HOLD

TATASTEEL at 536

sl 528

TARGET 542,549

Results Today:

Adani, Cipla, Deccan Chronicle, Patel Engineering, Pipavav, RCOM, Suzlon, Tanla and Wockhardt.

FIIs were net buyers of Rs2.18bn in the cash segment on Thursday (provisionally), according to the NSE web site. Local funds were net sellers of Rs6.56bn. In the F&O segment, they were net buyers at Rs8.12bn. Foreign funds were net buyers of Rs1.92bn in the cash segment on Wednesday, according to SEBI's web site.

Get-Up opening is likely today

Keep Stock Specific Approach

Engineers India (FPO) Allotment Announced

EIL Re-listed Yesterday at Rs. 315

SKS Micro Finance (IPO) Allotment Announced

Further information Please scroll down on Primary Market

Pre Market Ideas

MORNING CALL,

BUY AND HOLD

CAIRNINDIA at 341

sl 336

TARGET 343,345

Corporate Snippets

M&M named lead bidder for SsangYong. (ET)

Maruti to launch automatic transmission variant A-Star. (ET)

RBI approves merger of BOR with ICICI with effect from August 13, 2010. (ET)

Parliament approved a bill for the government to reduce its holding in SBI to 51% and help it raise capital. (ET)

The SBI top management has signalled that a hike in the prime lending rate (PLR) was round the corner. (BL)

ONGC proposes to invest Rs6.5bn to set up a wind power project in Rajasthan. (ET)
Vedanta in talks to buy into Cairn India to fuel new business. (ET)

BHEL to invest over Rs5bn to set up 2 manufacturing units. (ET)

NMDC is looking at partnering with Japan-based Kobe Steel for acquiring stake in an iron ore project in Australia. (ET)
Tata Steel raised US$350mn in debt for working capital. (ET)

सेन्सेक्स (18073.90) 03.71 अंक चढ्कर, नीफ़्टी (5416.45) - 04.15 अंक चढ्कर, बंद..

STAR call:

 Buy 

Union Bank at Rs326 for 

delivery with stop loss of Rs322

SBI Q1 net profit at Rs2914cr up 25%, total income at Rs22110cr up 5%

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European markets update: FTSE Index down 0.2%, CAC Index down 0.3% and DAX Index trading flat

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INTRADAY CALL,

BUY AND HOLD

EDUCOMP at 594

sl 590

TARGET 601,603

Indias June Industrial production stood at 7.1% as compared to 11.5% MoM

India Manufacturing Output Rises 7.3% In June
India Mining output Rises 9.5% In June
India Electricity Production Rises 3.5% In June
India April-June factory output rises 11.6% from year ago

BUY AND HOLD

NAUKRI at 1035

sl 1000

TARGET 1056,1077

BOUNS 1:1

BUY Neyveli Lignite Aug Futs at Rs162 with SL of Rs158 for a target of RS170

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SHROT TERM DELIVARY CALL,

BUY and HOLD

RELIGARE AT 447

SL 430

TARGET 475,479
HOLD FOR 10 DAYS 

BEST TIME TO BUY RIL

SELL ALL YOUR STOCKS IN LOSS

AND BUY RELIANCE AROUND 

934-988

SAVE THIS MESSAGE

TARGET 1050 -1150 

HOLD FOR 30DAYS

Results Today:

Ansal Properties, Apollo Hospitals, Cummins India, Divi's Lab, Hathway Cable, Hindustan Copper, HOEC, ICRA, Indiabulls Real Estate, Indraprastha Gas, Moser Baer, MTNL, PTC India, Ranbaxy, SBI, Shree Renuka Sugars, Talwalkar's, Tata Power, Tata Steel and Technofab Engineering.

Sector watch:

Textile, Banking Licenses 

candidate Stocks

Avoid: I.T., Realty & Steel

Market to open in RED

&

May under pressure during the session

Pre Market Ideas

MORNING CALL,

BUY and HOLD

HPCL at 466

sl 460

TARGET 468,469

Corporate Snippets

Government has asked the Supreme Court to reject the petition of Tata Power against coal diversion by Reliance Power. (BS)
SAIL may offer Posco majority stake in JV. (ET)

NTPC signed a long-term fuel supply agreement with Singareni Collieries Company Limited (SCCL) for supply of coal to NTPC Ramagundam Super Thermal Power Station for 20 years. (BS)

M&M in pole position for Korea’s SsangYong Motors as Renault-Samsung pulls out. (BL)

PFC may diversify into power insurance, advisory and rating services business. (ET)

JSW Steel in talks with steel makers for floating a JV for acquiring overseas coking coal properties. (ET)

सेन्सेक्स (18070.19) - 149.80 अंक गिरकर, नीफ़्टी (5420.60) - 40.10 अंक गिरकर, बंद.

RBI will review capital, ownership and foreign shareholding rules for new banks as it considers issuing more licenses

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European markets update: FTSE Index down 0.8%, CAC Index down 0.9% and DAX Index down 1%

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Book Profit in Short Nifty Aug Fut

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Short Tata Steel Aug Futs at Rs533 with SL of Rs540 for a target of Rs519

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Buy & Hold Financial Technologies at Rs1262 with SL of Rs1246 for Target of Rs1298

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BUY Tata Power Aug Futs at Rs1333 with SL of Rs1319 for a target of Rs1365

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Short Nifty Aug Fut at Rs 5455 with SL of Rs 5468 for Target of Rs 5420

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Sector watch: 

Textile, Banking

License candidate Stocks

Avoid : I.T. & Engineering Stocks

Market open Flat to positive

&

Profit booking is likely on higher level

Overall volatile session

Results Today:

Bajaj Hindusthan, Bharti Airtel, Bosch India, Everonn, FT, Nitesh Estates, Parsvnath Developers, Sundram Fasteners and Videocon Industries.

FIIs were net buyers of Rs6bn in the cash segment on Tuesday (provisionally), according to the NSE web site. Local funds were net sellers of Rs5.4bn. In the F&O segment, they were net buyers at Rs1.5bn. Foreign funds were net buyers of Rs586mn in the cash segment on Monday, according to SEBI's web site.

Pre Market Ideas

MORNING CALL,

BUY and HOLD

MNM at 642

sl  636

Target 650,652

Corporate Snippets

A consortium led by ONGC could invest about Rs120bn to build a six million tonne refinery in Rajasthan. (ET)

IOC will set up 50 more low-cost retail outlets in the rural areas of Andhra Pradesh during the current year. (BL)

With a focus on streamlining its hydrocarbons E&P business, HPCL has once again started hunting for a partner for its E&P arm Prize Petroleum Company Ltd. (BL)

DLF is in talks with leading domestic banks to refinance a US$300mn loan it had raised via external commercial borrowings. (FE)

Dr Reddy's Lab is going slow on its 300-acre finished dosages special economic zone (SEZ) plan at Medak; instead, it is focussing on developing the SEZ for active pharmaceutical ingredients in Visakhapatnam. (BS)

सेन्सेक्स (18219.99) - 67.51 अंक गिरकर, नीफ़्टी (5459.80) - 26.35 अंक गिरकर, बंद.

High risk traders:

  Buy and Hold 
Axis Bank at 1306 with
SL of Rs1289 for
target of Rs
1335, 1350

Book Profit in Long Hero Honda Aug Futs given yesterday

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Buy & Hold 

Gail at Rs444 with 

SL of Rs440 for 

Target of Rs454

Target achieved in Long LT Aug Fut given yesterday

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Buy DLF Aug Fut at Rs 322 with SL of Rs318 for Target of Rs332

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Aban offshore bags an order worth Rs2285cr

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BUY JP Associate Aug Futs at Rs122 with SL of Rs118 for a target of Rs130

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Results Today:

Amtek Auto, Den Networks, Educomp, Great Offshore, Hanung Toys, Hindustan Motors, IVRCL Infra, Jai Corp., Nagarjuna Construction, Piramal Healthcare, Prime Focus, RCF, Rolta and Tata Motors.

FIIs were net buyers of Rs5.22bn in the cash segment on Monday (provisionally), according to the NSE

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Sector watch: 
PSU, Power, Sugar,
Textile & Chemical Stocks

Market likely to volatile

&

Undertone may remain firm

Small-Mid Cap Stocks may in action

Pre Market Ideas

BUY and HOLD

TATA CHEM at 368

sl  362

TARGET 370,372

Corporate Snippets

BHEL has bagged a contract worth Rs25.3bn from Abhijeet Infra Ltd for setting up a 1,080MW thermal power plant in Jharkhand. (BL)

Glenmark has entered into a settlement agreement with US-based Sepracor on a patent litigation suit related to the generic versions of insomnia drug eszopiclone. (BS)

Areva T&D has bagged a contract worth Rs1.1bn from Power Grid Corporation of India Ltd to set up a 765 KV extra high voltage substation. (ET)

Bajaj gears up to launch high-end Pulsars next year. (BS)

Britannia Industries Ltd will invest around Rs800mn in expanding bakery capacity at existing facilities and setting up a new unit this fiscal. (BL)

SAIL has commissioned its Rs0.4bn unit at its Salem steel plant. (ET)

INTRADAY CALL,

 Buy and hold

Chennai Petro at 274 with 

SL of Rs265 for 

target of Rs282, 285

Book Profit in Long DLF Aug Futs

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BUY Hero Honda Aug Futs at Rs1826 with SL of Rs 1806 for a target of Rs1870

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Correction: BUY L&T Aug Fut at Rs 1800 with SL 1789 of Rs for Target of Rs1820

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BUY DLF Aug Futs at Rs312.50 with SL of Rs 307.50 for a target of Rs322.50

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Market to open in RED &

Likely to remain rang bound during the session

Small-Mid Cap Stocks may in lime light

SKS Micro Finance IPO finally subscribed 13.69 (Average)

Bajaj Corp. Ltd. IPO finally subscribed 19.29 (Average)

Prakash Steelage IPO 2^nd Day Subscribed 1.23 (Average)

Results Today:

BF Utilities, Britannia, Diamond Power, Electrosteel Castings, Finolex Cables, Gayatri Projects, Goodyear India, Harrisons Malayalam, Jain Irrigation, Monnet Ispat, Opto Circuits, Reliance Capital, SREI Infra, Time Technoplast and Tulip Telecom.

FIIs were net buyers of Rs6.64bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net sellers of Rs3.4bn. In the F&O segment, they were net sellers at Rs3.12bn. Foreign funds were net buyers of Rs1.67bn in the cash segment on Thursday, according to SEBI's web site. Mutual Funds were net sellers at Rs1.86bn on the same day.

Pre Market Ideas

MORNING CALL,

Buy  and hold

Tata motors 893 with 

stop loss Rs 888 

target Rs 898,

Corporate Snippets

ICICI Bank and HDFC Bank has repeatedly violated the guidelines of the RBI on engagement of recovery agents, says government. (ET)

The government plans to sell its stake in SCI to raise funds through a record asset SALE. (ET)

The government has initiated a proposal to sell 5 % of its stake in ONGC and 10% in IOC to raise about Rs200bn during this financial year.(BS)

The 3,000MW NTPC-Kaniha Power plant will be expanded with the addition of another 500MW unit. (BS)

M&M has decided to go ahead and bid for a majority stake in SsangYong Motor of South Korea. (BL)

M&M is believed to have shown interest in buying a controlling stake in the sick PSU Scooters India. (BL)