Market outlook 04-08-2010

US Markets closed negative.
Europe markets ended weak.
Asian markets are trading mixed.
Expect Indian Markets to open flat.
Nifty: (5439) Support 5366 and Resistance 5447-5477.

INTRADAY BEEPS

BUY ADANI ENT TARGET 635 SL 615 ;
BUY KS OIL TARGET 60 SL 54 ;
BUY JUBILANT FOOD TARGET 435 SL 415 ;
BUY RCF TARGET 88 SL 83 ;
BUY GODREJ IND TARGET 200 SL 190;
BUY HINDALCO TARGET 169 SL 163;
BUY KALE CONSUL TARGET 135 SL 125 ;
BUY ORIENT PAPER TARGET 59 SL 53;
BUY DB CORP TARGET 260 SL ;
BUY BANK BARODA TARGET 785 SL 769 ;

STOCK BEEPS

-Listing of Orissa Mineral Development Company on Exchanges (Already listed on Calcutta Stock Exchange @ Rs.19500/share)
-Listing of Midfield Industries on exchanges (Issue Price: Rs 133/share)
-Results today: IDFC, Adani Power, GMR Inds, Mundra Port, Standard Chartered, IL&FS Transportation, ITI, Future Capital Holding,Technocraft Inds, Bombay Rayon Fashion, Aftek
-Cognizant’s CY'Q2 2010 Net profit up USD 172.2 million, (up 13.7% QoQ)
-Punj Lloyd Q1FY11 net loss at Rs 30.6 crore versus profit of Rs 127 crore (YoY)
-Independent News & Media Investments likely to sell 6.5% equity in Jagran Prakashan today
-NDTV Q1 Loss at Rs 31.1 crore versus Rs 83 crore (YoY)
-Godrej Industries in early stages of acquisitions in niche areas
-RIL, Essar to bid for BP’s USD 500 million assets
-Borosil Glass sells Andheri plot for Rs 875 crore


BUZIBIZ

Value Pick for Long Term Delivery >> 01-08-2010 <<

1] Buy Apollo Tyres Ltd. - One year Return - 25%
Recommendation: BUY
CMP: Rs:64
Target Price: Rs:80 >> More >>

2] Buy Essel Propack - One Year Return - 40%
Recommendation: BUY
CMP: Rs:48
Target Price: Rs:70 >> More >>

3] Buy Orient Paper & Industries - One Year Return - 15%
Recommendation: BUY
CMP: Rs:54
Target Price: Rs:63 >> More >>

4] Buy Genus Power - One Year Return - 30%
Recommendation: Buy
Price Target: Rs:300
CMP: Rs:229 >> More >>

5] Buy 3i Infotech - One Year Return - 60%
Recommendation: Buy
Price target: Rs:100
Current market price: Rs:63 >> More >>

6] Buy Bank of Baroda - One Year Return - 25%
Recommendation: Buy
Price target: Rs:935
CMP: Rs:753 >> More >>

7] Buy IPCA Laboratories - One Year return 25%
Cluster: Ugly Duckling
Recommendation: Buy
Price target: Rs:350
Current market price: Rs:280 >> More >>

8] Buy Provogue India Ltd - One Year Return - 50%
Recommendation: Buy
Price target: Rs:90
Current market price: Rs:58 >> More >>