Market outlook 09-07-2010

US Markets closed positive.
Europe markets ended higher.
Asian markets are trading in green.
Expect Indian Markets to open positive.
Nifty: (5297) Support 5254 and Resistance 5342-5366

INTRADAY BEEPS

BUY BPCL TARGET 710 SL 690 ;
BUY HIND PETRO TARGET 490 SL 465;
BUY KPIT TARGET 160 SL 151 ;
BUY TTK PRESTIGE TARGET 910 SL 887;
BUY ALEMBIC TARGET 58 SL 53 ;
BUY UNITY TARGET 115 SL 108 ;
BUY PUNJLLOYD TARGET 140 SL 132


STOCK BEEPS

-M&M in race for Ssangyong; acquisition will help M&M to get
SSangyong's hybrid & electric technology; will help to enter the US market.
-Bajaj Auto, Renault-Nissan to sign MoU to develop 4-wheeler
-HCL Infosystems buys 60% stake in Dubai-based NTS for USD 6.5 million
-Corporation Bank hikes deposit rates by 25 bps in 3 short-term tenures
-KPIT Cummins Infosystems mulls meet on 13 July for strategic
investment in Germany based niche automotive product Company (( Rev of $5m))
-Shiv-Vani Oil & Gas approved issue and launch of FCCB worth USD 75 million
-Ganesh Benzoplast mulls Board Meet on 16 July for preferential Allotment
-Board Meet today: Supreme Tex Mart on Preferential Issue

Ex-dividend

-Alstom Projects : Rs 10
-DB Corp : Rs 1.25/share
-GTL : Rs 3/share
-Hanung Toys : Rs 2/share
-Phillips Carbon : Rs 5/share
-Titan Inds : Rs 15/share

Results today: Gujarat NRE, IndusInd Bank, Titagarh Wagon