Mkt outlook 23/12

INTRADAY OUTLOOK US Markets ended higheron +ve home sales data; S&P hits 52-wk high.Dow Jones ended up 51 points and Nasdaq ended up 15 points Europe markets ended positive Asian markets trading positive. Expect Indian Markets to open flat and trade rangebound. Nifty: (4986) Support is at 4944-4917 and Resistance is at 5033-5062 INTRADAY BEEPS BUY GLENMARK TARGET 288 SL 274 BUY PTC INDIA TARGET 117 SL 109 BUY GMDC TARGET 149 SL 142 BUY UNION BANK TARGET 275 SL 264 BUY 3I INFOTECH TARGET 94 SL 86 BUY YES BANK TARGET 268 SL 257 BUY IDEA TARGET 64 SL 56 BUY IDBI TARGET 129 SL 122 STOCK BEEPS -Bharati receives 1.02 crore shares in Great Offshore open offer -Board meets : Zee Entertainment and ETC Networks on restructuring -Reliance's Lyondell buy seen unlikely in 2009 -Max India board meet on January 13 to consider fund raising -ONGC agrees to a special oil tax if the subsidy burden regime is rationalized -GVK in talks with Siemens for BIAL stake -Hotel Leela Venture promoters raising stake in company to 55% via creeping acquisition @====================================@ We started new yahoo groups and free msgr service Please join with BUZIBIZ http://finance.groups.yahoo.com/group/purenifty/ New Yahoo msgr ID : buzibiz@ymail.com www.buzibiz.com @====================================@