MARKET OUTLOOK 20-08-2010

US Markets closed negative.
Europe markets ended lower.
Asian markets are trading in red.
Expect Indian Markets to open negative.
Nifty: (5540) Support 5493-5453 and Resistance 5567.

INTRADAY BEEPS

BUY NATCO PHARMA TARGET 225 SL 198;
BUY WOCKHARDT TARGET 240 SL 212;
BUY ICICI BANK TARGET 1030 SL 970;
BUY BATA INDIA TARGET 335 SL 315 ;
BUY PVR TARGET 170 SL 161;
BUY CIPLA TARGET 310 SL 297;
BUY BARTRONICS TARGET 135 SL 126;
BUY EDUCOMP TARGET 600 SL 580;

STOCK BEEPS

-RPG group gives final touches to the realignment of biz between Harsh & Sanjiv Goenka, Harrisons Malayalam will continue to be with RB Goenka
-Sebi rejects RIL's plea to settle insider charges
-Jet seeks RBI nod to raise ECBs to pay rupee loans
-GMR denies in talks with Chinese company for stakes sale in Intergen
-GVK eyes Siemens 40% stake in BAIL, company ready to pay Rs 105/sh
-RIL, NTPC dispute to be resolved soon
-Emami looking for buyouts, appoints E&Y as banker
-SEBI wants tax breaks on ELSS to stay, move may bring respite to MFs
-Cairn to seek approvals for Vedanta deal
-Future Capital, Essar Shipping, Ramsarup Ind, Abhisekh Ind categorized at T2T
-Redington India :Arrangement with Pioneer India Electronics Pvt Ltd as a Regional Distributor
-AGM: Grasim, United Breweries


Ex-Dates
-Redington (India): Ex-Split ( 5:1)
-Chennai Petroleu : Ex-Dividend @ Rs.12/share
-MM Forging: Ex-Dividend @ Rs.1.5/share