MARKET OUTLOOK 17-08-2010

US Markets closed flat.
Europe markets ended flat.
Asian markets are trading mixed.
Expect Indian Markets to open flat.
Nifty: (5418) Support 5359 and Resistance 5447.

INTRADAY BEEPS

BUY YES BANK TARGET 330 SL 314;
BUY ANDHRA BANK TARGET 160 SL 150;
BUY AJMERA TARGET 245 SL 217;
BUY MOTHERSUMI TARGET 186 SL 179;
BUY ADHUNIK TARGET 130 SL 117;
BUY IDBI BANK TARGET 132 SL 120;
BUY TATA CHEM TARGET 405 SL 378;
BUY IBREALST TARGET 115 SL 108;

BUY PRAJ INDS ONE WEEK DELIVERY TARGET 85

STOCK BEEPS

-Stocks Include in T2T w.e.f from August 20, Essar Shipping, Abhisekh Ind., Future Capital, Ramsarup Industries
-Siemens VAI bags 10 million Euro Order From SAIL For Orissa Plant
-Engine Faults ground 9 Kingfisher jets
-Mahindra Satyam wins Upaid case
-JSPL acquires land to start USD 2.1 billion. steel plant in Bolivia
-Biocon shares surge of Pfizer deal talks
-HDFC Ventures buy 10% in Lodha Projects for Rs 250 crore
-Gujarat Pipavav Port issue opens on Aug 23
-Redington India sings distribution tie up with Imation India Pvt. Ltd for their storage media products
-SR Inds board to consider Right Issue on 21 August
-Royal Orchid board meet on 19 August to consider NCD &/or equity linked Instruments (QIP)
-Biocon launches new healthcare division for critical illnesses & acute hospital acquired infections
-4 member committee advised MOEF against allocation of the Nyamgiri bauxite mine to Vedanta
-Cox & Kings launches GDR issue; offer price at Rs 569.2/share
-ICICI Bank Ups PLR & floating reference rate by 50 bps W.e.f August 18
-Apollo Hospital Ties up with Stemcyte of US;

BUZIBIZ