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INTRADAY OUTLOOK 24/12/09


INTRADAY OUTLOOK

US Markets ended flat.Dow Jones ended up 2 points and Nasdaq ended up
17 points
Europe markets ended positive.
Asian markets trading positive.
Expect Indian Markets to open flat.
Nifty: (5145) Support is at 5113-5074 and Resistance is at 5182-5225

INTRADAY BEEPS

BUY BHEL TARGET 2410 SL 2355
BUY USHA MARTIN TARGET 85 SL 77
BUY PRAJ IND TARGET 107 SL 99
BUY HIND PETRO TARGET 400 SL 388
BUY McLEOD RUSS TARGET 270  SL 257
BUY POLARIS TARGET 188 SL 179
BUY OMNITECH TARGET 160 SL 151
BUY 3iINFOTECH TARGET 97 SL 90
BUY SUBEX TARGET 99 SL 92


STOCK BEEPS

-Mcleod Russel to acquire Rwenzori Tea, Uganda for $25 million
-RoC (Registrars of Companies) seeks MCA (Ministry of Corporate Affairs) nod to inspect  India Infoline & India Infoline Investment Services
-Videocon Industries firmly in the picture on a likely tie-up with Phillips
-Maruti Suzuki accelerates ahead of launch of new multi-purpose vehicle
-KEC International inches ahead on overseas order win
-Hotel Leela jumps on buzz promoters raising stake via creeping route


Wish you all Very Happy Christmas.
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