MARKET OUTLOOK 26-08-2010

US Markets closed green.
Europe markets ended negative.
Asian markets are trading mixed.
Expect Indian Markets to open flat.
Nifty: (5462) Support 5416 and Resistance 5493. Volatilty expected
being expiry day.

INTRADAY BEEPS

BUY RAYMOND TARGET 390 SL 370;
BUY CENTURY PLY TARGET 72 SL 65;
BUY HCL TECH TARGET 425 SL 403 ;
BUY BHARAT FORGE TARGET 365 SL 350;
BUY OPTO CIRCUITS TARGET 285 SL 270;
BUY MARICO TARGET 135 SL 124;
BUY KPR MILL TARGET 205 SL 193;
BUY NATCO PHARMA TARGET 250 SL 230;


STOCK BEEPS

-Sesa Goa Minority shareholder moves SC against Cairn open offer
-Mukesh Ambani Restructures holding companies that control RIL
-Gayatri Projects: Banks sanction debt requirements to its arm which is developing 1320MW power plant ((Financial Closure))
-Aegis Logistics board meet on September 1 to raise funds & Stock Split
-Exim Bank of USA approves finance of USD 911 million for Rel Power's Sasan project
-Sun Pharma opposes Wockhardt settlement with some of its creditors, Sun holds 20% of the FCCB issued by Wockhardt
-Cipla gets nod to acquire Meditab for Rs 133 crore
-Shriram group drops plans to acquire Citi Financial India – BS
-Kris Gopalakrishnan tipped to be next Infosys chairman – FE


Board Meets
-Bajaj Corp: Results
-Su-Raj Diamond : Issue of shares on preferential basis
-Rei Six Ten Retail : Raising of funds