Market outlook 14-09-2010

US Markets closed positive.
Europe markets ended higher.
Asian markets are trading mixed.
Expect Indian Markets to open flat.
Nifty: (5760) Support 5710 and Resistance 5800.

INTRADAY BEEPS

BUY HINDALCO TARGET 198 SL 187;
BUY YES BANK TARGET 345 SL 325;
BUY KALE CONSULT TARGET 175 SL 155;
BUY SKUMAR NATION TARGET 88 SL 83;
BUY UNIECH TARGET 88 SL 83;
BUY UNIPHOS TARGET 197 SL 187;
BUY AXIS BANK TARGET 1445 SL 1420;
BUY GDL TARGET 122 SL 114;
BUY REL INFRA TARGET 1100 SL 1025;
BUY CENTURY TEXT TARGET 540 SL 522;

STOCK BEEPS

-HDIL QIP opens to raise between USD 150-250 million; price @ Rs 268.18/share
-S Kumars launches QIP to raise USD 25-50 million; price @ Rs 80/share
-L&T Infra Finance Looking to raise up to Rs 700 crore before December 2010
-Cairn Energy formally seeks GoI’s consent for Vedanta Deal
-Inclusion in T2T from September 17: Axis IT&T, Deccan Gold Mines,Bafna Spinning Mills, Gujarat Borosil, Megasoft, Raj Television
-Pantaloon Retail B-DVR Allots 50 lakh shares to Future Corporate Resources at Rs 183/share
-Prism Cement Lock out at tile manufacturing plant at Karaikal in Pondicherry
-Ispat lenders may sell out to rivals Tata Steel and Arcelor Mittal,FIs worry that the company may become an NPA, looking to convert debt into equity
-Lafarge’s Greenfield plan in HP has run into environmental trouble
-Sonata Software promoters looking to exit co, appoints KPMG as advisors
-Lenders may oppose sale or Vishal Retail over transaction value – BS
-Piramal’s to exit the real estate PE biz – BS
-Suzlon plans R&D center, listing in China
-Kale Consultants open offer at Rs 172/sh, offer opens on November 5,closes on November 24
-Wyeth sues DRL over drug patent over anti-depressant drug
-Gayatri Projects may rope in Sembcorp for Krishnapatnam power plant expansion
-Eros Entertainment issue opens on September 17, closes on September 21
-Mircosec Fin IPO opens on September 17, closes on September 21

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