01 April 2010 Morning Market Updates

01 April 2010 Morning Market Updates 08:58
Alert :
Due to new financial year Bank holiday,Stocks purchased yesterday i.e.31st March,2010 can not be sold today i.e. 1st April 2010.
Market will open positive as Asian markets are trading with a strength.Nifty resistance at 5280/5310 and support at 5240.
Recommendations :
Follow Buy calls in improving market and v.v.
Buy Bhartiartl Above 314 sl 309 Target 320 / 332
Buy BPCL Above 524 sl 519 Target 532
Buy Cairn Above 311
Buy Maruti Above 1427 sl 1420 Target 1446
Buy NTPC sl 205 Target 214 / 218 / 222
Or Buy NTPC 220 CA(Apr) @ 0.90 sl 0 Target 3,5
Buy Unitech Above 74 sl 72.5 Target 76 / 78
Hold Long BankIndia Ref.29/03 Trail sl 335
Buy Hindpetro Above 323 sl 317 Target 329 / 335
Buy MRPL Above 77 close sl 75.5 Target 80
Buy Infosystch at 2536 For positional investors
Buy Renuka at 68-71 sl 63 Target 84 / 93 For positional investors
Conditional :Sell Nifty below 5216 sl 5245 Target 5192 / 5178
Sell Axisbank below 1159 sl 1172 Target 1144 / 1132
Sell Bhartiartl below 307 sl 314 Target 302
Sell Herohonda sl 1960 Target 1927 / 1918
Sell ITC below 261 sl 264 Target 256
Sell Jindalstel below 696 sl 704 Target 678
Sell JPAssociat below 149 sl 150 Target 146
Sell LT below 1611 sl 1626 Target 1590
Sell Reliance below 1066 sl 1085 Target 1050 / 1040
Sell Tatasteel below 629 sl 636 Target 621
Sell Biocon below 282 sl 284 Target 278
Sell Jaicorpltd below 258 sl 262 Target 253 / 250

Stocks in News :
Bharti-Zain Exclusive
-Bharti-Zain integration headquarters at Nairobi, Kenya
-Manoj Kohli & team of Bharti executives to be based at Nairobi
-Key Bharti hands to be roped to manage integration process
Dr Reddy's Labs
-Board okays bonus debenture valued at Rs 30/share
-To issue 6 bonus debentures of Rs 5 for every 1 equity share held
-Dr Reddy's says, bonus debenture to be redeemed at the end of 36 months
-Debentures to carry coupon rate; total payout Rs 520 crore
-Actis may exit Swaraj Mazda, PE firm didn’t subscribe to company’s rights issue, stake down to 12.3% from 17%.
-Fame open offer by INOX and RMW deferred failing SEBI approvals
-New Twist in Spicejet takeover, Maran family make conditional offer o WL Ross.
-Welspun group to raise USD 150-200 million via PE placement.
-Toll prices go up 3% starting today
-Aditya Birla Retail has closes 39 outlets in Gujarat, says no more roll out for the group.
-Govt okays Rs 300 crore equity infusion in United Bank Of India
-Oil companies increase ATF prices by Rs 573 per kilolitre effective mid-night tonight.
F&O cues:
Total Futures Open Int up by Rs 551 crore
Total Options Open Int up by Rs 3205 crore
Stock Futures add 1.7 crore shares in Open Int
Nifty down 0.25%, Open Int down 0.3%
Nifty Open Int PCR unchanged at 1.17
Nifty Calls add 24.7 lakh shares in Open Int
Nifty Puts add 28.7 lakh shares in Open Int
Nifty April 5200 Put adds 12.6 lakh shares in Open Int
Nifty April 5300 Call adds 6.4 lakh shares in Open Int
Nifty April 5500 Call add 3.3 lakh shares in Open Int
FIIs in F&O on March 31
Net sell Rs 683 crore in Nifty Futures
Nifty Futures Open Int up by 12200 contracts
Net sell Rs 285 crore in Nifty Options
Nifty Options Open Int up by 28473 contracts
Net sell Rs 122 crore in Stock Futures
Stock Futures Open Int up by 10225 contracts
Market cues:
FIIs were net buyers of USD 187 million in equities on March 29
FIIs were net buyers of USD 4.37 billion in equities in March
MFs were net sellers of Rs 3807 crore in equities in March
Total F&O Open Int was up by Rs 3757 crore to Rs 95691 crore
As per provisional data of March 31, FIIs were net buyers of Rs 435 crore, while DIIs were net sellers of Rs 357 crore in cash markets. FIIs were net sellers of Rs 1102 crore in F&O.
US Markets :
U.S. stock indexes end higher quarter with modest daily loss.The US markets collapsed in the last session because of job fear.Stocks fell on the final day of the first quarter after a payroll company's report gave investors a surprising reminder that the job market remains weak.Dow closed 51 points lower at 10,856, the S&P 500 ended at 1,169 while the Nasdaq shut shop 13 points lower at 2,398.
ADP said Wednesday that private employers slashed 23,000 jobs in March. Economists surveyed by Thomson Reuters had forecast the report would show private employers added 40,000 jobs during the month.

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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.






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