18 Feb 2010 08:55

18 Feb 2010 Market Morning Updates 08:55
Market may open flat today.Book profits on yesterday's calls or trail your stops.Nifty has resistance at 4940-4950.
Recommandations :
Follow buy recommendations in positive market bias and v.v.
Hold ABB
Hold Sail sl 209
Buy SBIN sl 1942 Target 1996
Buy ITC sl 248 Target 257
Hold Rcom sl 168 Target 176
Buy TCS sl 746 Target 778
Buy Biocon sl 265 Target 270
Buy Hindpetro sl 344 Target 351
Buy Kotakbank sl 750 Target 770
Buy Onmobile sl 394 Target 422
Buy Techm sl 952 Target 974
Buy Uniphos sl 154 Target 159
Buy Renuka sl 190.5 Target 200
Buy Videoind
Buy IDBI
Conditional :
Buy DLF Above 317 sl 312 Target 324
Buy Relcapital Above 769 sl 763 Target 778
Buy Rpower Above 143.5 sl 142 Target 146
Buy NTPC Above 206 sl 204 Target 209 / 213
Buy Suzlon Above 74.5 sl 73 Target 77
Buy Canbk Above 388.5 sl 384 Target 393
Buy Drreddy Above 1125 sl 1116 Target 1141
Buy HDIL Above 317 sl 313 Target 324
Buy LICHSGFIN Above 757 sl 750 Target 767
Buy Unionbank Above 251 sl 248 Target 256
Buy Yesbank Above 243 sl 240 Target 246
Sell Cipla Below 316 sl 318 Target 312
Sell Relinfra Below 1043 sl 1049 Target 1036 / 1029
Sell Colpal Below 699 sl 705 Target 691
Sell Concor Below 1228 sl 1240 Target 1211
Sell Ibrealest Below 173.5 sl 177 Target 167
Stocks in news: Jet Air, REC, Fame, HPCL, Asian Hotels
Here are stocks that are in news today:
Results today: Castrol, Crisil
Sugar - Sources say
-ISMA members agree to cut cane price by Rs 20/100 kg from Friday
-ISMA members to cut cane rates as sugar price sharply down
-ISMA companies May Cut Price More If Realisation Down Further
Jet Airways :
-Jet Airways in talks to sell 1.2 million sq ft land in BKC
-Jet in advanced negotiations with Godrej Properties for sale of land
-Deal may close deal within a week
-Godrej Properties looking to pay around Rs 450 crore for the plot
HDFC had funded Jets land purchase
Current liability of Jet to HDFC stands at Rs 450 crore inclusive of interest payment
Other stocks that are in news today:
REC FPO floor price set at Rs 203/share, a 7.5% discount to CMP
Indian ADRs: Mahindra Satyam up 4.3%
Reliance Capital ups stake in Fame to 11% from 8.3%
TCS, Wipro in race for UK Govt’s project.
Fuel price hike likely post budget, says Finance Ministry.
Asian Hotels to split into 3 entities – BS
Hathway sets issue price of Rs 240/sh
Spicejet seeks to raise USD 75 million, management says its premature to comment on details.
HPCL gets not to weigh city refinery shift, can unlock 340 acres in Chembur valued at more than Rs 10000 crore.
JSW Steel keen to raise upto USD 500 million via QIP before March end.
Bombay Dyeing seeks shareholder nod for warrants issue.
Man Infraconstruction IPO opens today; closes on February 22; price band at Rs 243-252/sahre
F&O cues:
Futures Open Int up Rs 450 cr
Options Open Int up Rs 910 crore
Nifty futures shed 7 lakh shares in Open Int
Nifty futures at 8-point discount
Nifty Open Int PCR unchanged at 1.09
Nifty Puts add 9 lakh shares, Calls add 8 lakh shares in Open Int
Nifty 4900 Put adds 6 lakh shares in Open Int
Nifty 4800 Put adds 5 lakh shares in Open Int
Nifty Mar 4800 Call adds 5.5 lakh shares in Open Int
Nifty Feb 4800 Call sheds 7 lakh shares in Open Int
Stock futures add 1.7 cr shares in Open Int
FIIs in F&O on February 17 :
Net buy Rs 806 crore in Nifty Futures
Nifty Futures Open Int down 34,217 contracts
Net sell Rs 284 crore in Nifty Options
Net buy Rs 263 crore in Stock Futures
FIIs net buy Rs 257 cr in equities on On Feb 16
On February 16, 2010, foreign institutional investors (FIIs) were net buyers to the tune of Rs 257 crore in equities. They made gross purchase of Rs 1,181.30 crore and gross sales of Rs 924.30 crore.
In the month of February so far, FIIs were net sellers of Rs -1,624.80 crore.
US Markets :
U.S. stocks rose Wednesday on improvements in housing and industrial data as well as better-than-expected earnings, though the gains were limited as anxiety lingered over European finances and unemployment. The Dow Jones Industrial Average was up 40 points, or 0.39%, at 1030 in recent trading while Nasdaq was up 2226.29, up 12.10 points.. Bank of America was the measure's best performer, extending its gains from Tuesday with a 2.5% rise. Home Depot was also particularly strong, up 1.8%, as housing starts rose to their highest level in six months, while Caterpillar advanced 0.9% as a report on industrial production also topped expectations. But euro zone finances remain a source of concern, as Italy moved into the spotlight Wednesday after the country's Audit Court said derivative contracts taken out by Italian municipalities could jeopardize local public finances for decades.
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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