Market outlook 12-07-2010

US Markets closed positive.
Europe markets ended in green.
Asian markets are trading flat.
Expect Indian Markets to open positive..
Nifty: (5352) Support 5284-5254 and Resistance 5366-5399

INTRADAY BEEPS

BUY DCHL TARGET 144 SL 135;
BUY CUMMINS IND TARGET 610 SL 594;
BUY YES BANK TARGET 290 SL 283;
BUY MONNET ISPAT TARGET 520 SL 490;
BUY IVRCL INFRA TARGET 196 SL 189 ;
BUY ORIENT BANK TARGET 360 SL 348
BUY HATHWAY TARGET 188 SL 179 ;
BUY DLF TARGET 300 SL 290 ;

STOCK BEEPS

-Re-listing of Usha Martin Education & Solution ((Circuit Filters open))
-Hotel Leela promoters hiking stake in company to fence against takeover bid from ITC
-Piramal to sell diagnostic arm to SRL at Rs 600-700 crore
-Kajaria Ceramics Q1’FY10 PAT at Rs 11.3 crore versus Rs 6.04 crore ((Up 87% YoY))
-Amrutanjan Health : Board meet on July 14 to consider update on buy-back of shares
-Essar Oil allots FCCB 2nd tranche worth USD 147 million to promoter company
-RIL may vie for Bombay Dyeing plant
-EIL to launch FPO on July 27, plans to raise about Rs 1200 crore by
disinvesting 10% stake
-Cairn India, JV partners ONGC, Videocon & Ravva Oil in producing East Coast Ravva are looking at a new gas price of USD 4.75/mBtu
-Govt says to gives infra status to bonds issued by LIC, IDFC, IFCI and infra NBFCs

Results today - CMC, Geojit BNP, JP Infra, Moser Baer, Pfizer, Sintex Inds, Wyeth

Board Meeting

-Surya Roshni : Allotment of Securities
-Celebrity Fashion : Issue of Prefrence Shares
-Camlin Fine : Rights issue committee meeting

Ex-Dividends

-Tata Steel : Ex-Dividend @ Rs 8/share
-Orchid Chemical : Ex-Dividend @ Rs 10/share
-Redington India : Ex-Dividend @ Rs 5/share
-Tata Elxsi : Ex-Dividend @ Rs 7/share
-VST Inds : Ex-Dividend @ Rs 30/share