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MARKET OUTLOOK 03-09-2010

US Markets closed higher.
Europe markets ended flat.
Asian markets are trading mixed.
Expect Indian Markets to open in green.
Nifty: (5486) Support 5453 and Resistance 5549.

INTRADAY BEEPS

BUY DWARIKESH SUGAR TARGET 99 SL 89;
BUY DHAMPUR SUGAR TARGET 73 SL 65;
BUY SUZLON TARGET 54 SL 49;
BUY CHAMBAL FERT TARGET 75 SL 68;
BUY EXIDE TARGET 163 SL 150;
BUY ACE TARGET 74 SL 67;
BUY GODREJ PROP TARGET 800 SL 785;
BUY TEXMACO TARGET 165 SL 155;
BUY BEML TARGET 1080 SL 1010;
BUY BAJAJ HIND TARGET 130 SL 117;

STOCK BEEPS

-Ashok Leyland August total bus & truck sales at 7,480 units vs 4,784 units (YoY)
-Transwarranty Finance Board Meet on September 6 for foray into Natural Resources
-Board
Meet of Jindal Poly on Bonus & fund raising
-Adani Power gets nod to bid for Kosovo power project
-DLF defers sale of non-core assets
-Govt determined to implement mining tax of 26% on profits, even captive players may have to share profits
-SKIL Infra to raise Rs 2500 crore to fund infra, education projects
-Sanjiv Goenka plans big expansion for CESC, Ceat after amicable settlement with Harsh Goenka

Ex-dates
-Cipla: Ex-Dividend @ Rs 0.8/share
-Container Corp: Ex-Dividend @ Rs 8/share
-HPCL: Ex-Dividend @ Rs 12
-Power Finance: Ex-Dividend @ Rs 1.5/share
-Supreme Inds: Ex-Dividend @ Rs 13
-Swaraj Mazda: Ex-Dividend @ Rs 4
-NRB Bearing: Ex-Bonus 1:1

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