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MARKET OUTLOOK 01-09-2010

US Markets closed flat.
Europe markets ended green.
Asian markets are trading positive.
Expect Indian Markets to open positive..
Nifty: (5402) Support 5386 and Resistance 5447.

INTRADAY BEEPS

BUY M&M TARGET 650 SL 610;
BUY BATA INDIA TARGET 330 SL 300 ;
BUY AMBUJA CEMENT TARGET 128 SL 120;
BUY GLOBUS SPIRIT TARGET 170 SL 160;
BUY JBF IND TARGET 150 SL 140;
BUY INDIAN HOTEL TARGET 107 SL 99;
BUY BAJAJ HIND TARGET 117 SL 111;
BUY APOLLO TYRE TARGET 75 SL 69;
BUY ADANI POWER TARGET 140 SL 133;

STOCK BEEPS

-Kingfisher Airlines Will immediately seek to raise up to USD 250 million by way of GDR
-Sun Pharma's US subsidiary gets warning letter from US FDA
-Sun Pharma announces USFDA approval for generic Strattera Capsules
-Natco Pharma to partner US company to market generic Revlimid:Sources
-Tata Motors AGM today
-HDFC ups prime lending rate by 50 bps from today
-OIL PSUs to cut aviation fuel prices by average of Rs 1,793/kl
-Reliance Broadcast board meet today on preferential allotment to promoters & Others
-Sayaji Hotels: Issued 15 lakh fresh equity & 18 lakh warrants to promoters at Rs 125/share
-Jindal Poly Films board meet on September 3 for Bonus
-BHEL goes Ex-Dividend today @ Rs.12.3/shr
-Aegis Log Board Meets on Stock Split
-Shilpha Medicare Board Meets on Results
-Kouton Retail Board Meets on Audited Numbers

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