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)