Market outlook 06-08-2010

US Markets closed weak.
Europe markets ended flat.
Asian markets are trading negative.
Expect Indian Markets to open flat.
Nifty: (5447) Support 5407 and Resistance 5487.

INTRADAY BEEPS

BUY VARUN SHIP TARGET 50 SL 45 ;
BUY BRFL TARGET 267 SL 258;
BUY SKUMARS NAT TARGET 87 SL 82;
BUY MLL TARGET 58 SL 51 ;
BUY GE SHIPPING TARGET 325 SL 310;
BUY ANDHRA BANK TARGET 150 SL 143;
BUY ASHOK LEY TARGET 77 SL 70;
BUY ABAN TARGET 935 SL 895;

STOCK BEEPS

-Results today: Power Grid, Edserv Soft, Fortis Health, ICSA India,Prakash Inds, RCF, Gammon Infra, Reliance Media Works RCF results postponed to 10th
-Vodafone open to selling 4% stake in Bharti
-Promoter holding in Indian Hotels Co will go up as per Ratan Tata
-SEBI ask companies to file shareholding 1 day prior to listing
-SEBI ask companies must disclose every 2% shareholding change in 10 days
-BAG Films Board approves preferential allotment of 50 lakh shares to Promoters
-Asahi Infrastructure Approved consolidating of shares in ratio of 1:10
-Tulip Telecom Wins R-APDRP projects worth Rs 158.2 crore for Uttar Pradesh and Gujarat
-Man Infra Q1 PAT at Rs 22.8 crore versus Rs 20.5 crore (YoY)
-Ashapura Minechem Q1 PAT at Rs 10.6 crore versus Rs 5 crore (YoY)
-Ansal Housing Q1FY10 (YoY) Net Profit: Rs 5.52 crore versus Rs 4.52crore
-Anant Raj Q1 PAT at Rs 45 crore versus Rs 68 crore (YoY)
-Balaji Distilleries Q1 PAT at Rs 8.6 crore versus Rs 6.57 crore (YoY)
-Bajaj Corp IPO closes and Overall subscription 19.29 times (x)

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 >>