Thursday, February 4, 2010

04 Feb 2010

04 Feb 2010 08:54


As usual our market will follow Asians at the time of opening.Nifty will open around 4890-4895 and may retest immediate support of 4870 or 4840 if European will open negative.Otherwise market should rebounce upto 4950 level on the basis of yesterday's strength.
Recommendations :




BuyJindalsaw 193     199





Buy        Adhunik      113.5      122      Abv 116.5





Buy        BPCL                               Abv 583.85





Buy        Grasim        2675     2730      Abv 2690





Buy        Herohonda                         Abv 1616





Buy        Hindalco                            Abv 159.35





Buy        ICICIBank    836        848





Buy        Hindpetro                           Abv 361





Buy        LICHSGFIN                          Abv 800





Buy        RNRL             66         71





Buy        Ultracemco   960         999





Buy        GPIL            215         240      Positional





Sell       Federalbnk





Sell        Gold                                   Below 1638


Results today: Ambuja, ACC
Inox: Fame deal -
Inox: Fame deal advanced by two days
Fears of a rival party derailing the deal lead to crash deal
A third player may be looking at a counter offer: sources
In September'09 Temasek sold its 13.5% stake in Fame India
Stake sold to 2 shell investment companies - Gulshan Investment and Shail Investments
Ownership of these companies unknown
Temasek deal was done at Rs 30 per share

Kirit Parikh panel-Kirit Parikh panel submits report, recommends freeing petrol, diesel prices
Also recommends hike of Rs 6/litre for kerosene and Rs 100/LPG cylinder

Power Ministry Says-Satluj Jal IPO unlikely this financial year due to procedural issues
REC follow-on issue should happen this fiscal
Have not decided on Power Grid FPO as of now

3G Auction :
Time too short for 3G Auction this fiscal: Finance Ministry Sources
Capital inflows not a concern at all as of now
Not mulling curbs on capital inflows

Other stocks that are in news today:
Ashok Leyland January total sales at 7,871 units versus 2,444 units (YoY)M&M : Renault may not part ways, may restructure JV – FE
Ex-dividend:
PNB (Rs 10)Mount Everest Trading board approves 3:1 bonus issue ((Different co from Mount Everest Mineral Water))Rohit Ferro Tech to seek shareholder nod for rights issue
MHM Holdings makes delisting offer for Micro Inks, floor price Rs 477.94, indicates Rs 550/sh acceptable as offer price ((CMP: 633))
Market cues - February 2, SEBI
- FIIs net sell USD 67.5 million
- MFs net sell Rs 247 crore
- Total F&O Open Interest up by Rs 2,744 crore at Rs 1,04,432 crore
Institutional action - February 3, Source: NSE (prov)
- FIIs net buy Rs 396 crore in cash markets
- DIIs net buy Rs 0.5 crore in cash markets
- FIIs net buy Rs 2,954 crore in F&O
F&O cues:
- Total Futures OI (open interest) up by Rs 406 crore
- Total Options OI up by Rs 2,338 crore
- Stock Futures add 2.1 crore shares in OI
- Nifty Calls add 8.2 lakh shares in OI
- Nifty Puts adds 31 lakh shares in OI
- Nifty PCR at 1.15 versus 1.10
- Nifty Futures shed 21.3 lakh shares
- Nifty Futures 5-point discount
- Nifty 4800 Put adds 9.4 lakh shares in OI
- Nifty 4900 Put adds 7.9 lakh shares in OI
- Nifty 4800 Call sheds 5 lakh shares in OI
FIIs in F&O - February 3, Source : NSE
- FIIs net buy Rs 2447 crore in Nifty Futures
- Nifty Futures OI up by 75,436 contracts
- FIIs net buy Rs 9 crore in Nifty Options
- Nifty Options OI up by 21,903 contracts
- FIIs net buy Rs 452 crore in Stock Futures
- Stock Futures OI up by 16,336 contracts
- FIIs net buy Rs 46.5 crore in Stock Options
- Stock Options OI up by 2,394 contracts
US Market :
U.S. stocks on Wednesday struggled to climb into positive turf before pulling lower in afternoon trade, with investors worried about factors including weakness in European credit markets. "It's the sovereign credit concerns weighing on the psyche here," said Peter Boockvar, equity strategist at Miller Tabak. U.S. economic data also dented enthusiasm. "We're clearly lagging the improvement we've seen in manufacturing, where the economy has some legs," said Boockvar of an index of activity in the services sector. The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (INDU 10,270, -26.60, -0.26%) fell 14.66 points to 10,282.19. The S&P 500 Index /quotes/comstock/21z!i1:in\x (SPX 1,097, -6.04, -0.55%) declined 5.88 points to 1,097.44. The Nasdaq Composite Index /quotes/comstock/10y!i:comp (COMP 2,191, +0.85, +0.04%) shed 1.87 points to 2,188.19.



Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever
nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY or its affiliates or its directors or its employees or its representatives or its clients or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.

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