21 April 2010 Intraday Calls

21 April 2010 Morning Market Calls  08:50
Market wil open slightly positive as Global markets are mixed.Nifty has resistance at 5250-5080.It should close above these levels for further strength.

Recommendations :
Follow Buy Calls in positive market bias and v.v.

Buy Gail sl 421 Target 532

Buy IDFC sl 167 Target 172
Buy SBIN sl 2088 Target 2118
Hold Long Axisbank Ref.20/04 Trail sl 1181 Target 1199
Buy Hindalco sl 180 Target 184.5
Buy Hindunilvr Above 229 sl 226 Target 234
Buy LICHSGFIN sl 875 Target 896
Buy IDBI sl 120 Target 123
Buy Syndibank Above 87.5 sl 86.5 Target 90.5

Sell Wipro sl 701 Target 685
Sell Patni Below 553 sl 558 Target 545

Stocks in News :
Results today : HCL Tech, Hindustan Zinc, United Spirits, Zee News, TVS Motor, Polaris Software, Infotech Enterprise

Unitech
-To merge arms Aditya Prop, Unitech Holdings with company
-To demerge infra, telecom operations into separate company
-Okays 1:1 swap ratio for demerged operations
Unitech says
-Have formed panel to consider potential acquisitions
-Unitech Infra will cease to be wholly-owned subsidiary of Unitech
-Unitech will hold 35% in Unitech Infra post demerger
-Unitech Infra to have telecom, SEZ, IT Parks, Hotels
-Unitech Infra to have construction & infrastructure biz, amusement parks
Zee Entertainment Q4:
-Consolidated net sales at Rs 649.29 crore versus Rs 530.93 crore (QoQ)
-Consolidated net profit at Rs 128.80 crore versus Rs 146.43 crore (QoQ
-Nos not strictly comparable on transfer of Zee News’ GEX business
Great Offshore Q4 (cr - crore, vs - versus)
-Net sales up 6.46% at Rs 274 crore versus Rs 257 crore
-Net Profit up 2.38% at Rs 73.1 Cr vs Rs 71.4 Cr
-Operating Margin 37.9% vs 41.6%
-Tax expense at Rs 5.13 Cr vs Rs 11.61 Cr
Ballarpur Industries Q4
-Net sales up 50.3% at Rs 1032 Cr vs Rs 687 Cr
-Net Profit up 230% at Rs 55 Cr vs Rs 16.6 Cr
-Operating margin flat at 11.6%
-Tax expense down at Rs 1.23 Cr vs Rs 16.39 Cr
Marsons ((Rs 20 CMP, small cap stock))
-Net Sales at Rs 31.2 Cr vs Rs 8.7 Cr (up 257%)
-Net Profit at Rs 3.04 Cr vs Net Loss of Rs 1.24 Cr
-Operating Margin 12.58% vs 14.11%
Chettinad Cement

-Net Sales up 7.47% at 338 Cr vs 315 Cr
-Net Profit at 7.24 Cr vs Net Loss of 98.3 Cr
-Operating Margin 3.36% vs -26.93%
Other stocks and sectors that are in news today:
-Zee Entertainment board approves acquisition of 9x channel , Board meet on 29 April for details of proposed acq.
-AGM Today : Wyeth, Nestle, United Spirits(EGM)
-Asian Electronics : Board approves hiving off its ESCO funding activity into a SPV
-Vivimed Labs: Mulls board meet on April 24 to issue warrants on preferential basis
-SpiceJet to raise USD 75 million from strategic sale, appoints IDFC-SSKI as banker.
-NPPA cuts prices of Novartis and Aventis by nearly 3%.
-Emami buying Egyptian co in next 3-4 weeks.
F&O cues:

Futures Open Int up Rs 2301 crore
Options Open Int up Rs 1335 crore
Nifty Fut add 12 lakh shares in total Open Int
Nifty Apr futures at 4-point discount
Nifty Open Int PCR at 1.18 versus 1.21
Nifty Puts add 3.6 lakh shares in Open Int
Nifty Calls add 16.5 lakh shares in Open Int
Nifty 5200 Put adds 4 lakh shares in Open Int
Nifty 5300 Put sheds 4 lakh shares in Open Int
Nifty 5300 Call adds 10 lakh shares in Open Int
Nifty 5200 Call adds 10 lakh shares in Open Int
Stock Futures add 4.6 cr shares in Open Int
FIIs in F&O on April 20
Net sell Rs 430 crore in Nifty futures, Open Int down 2,195 contracts
Net sell Rs 83 crore in Nifty options, Open Int up 17,796 contracts
Net buy Rs 585 crore in Stock futures, Open Int up 9,637 contracts
Market cues:

FIIs were net sellers of USD 106.7 million in equities on April 19.
NSE F&O Open Int was up by Rs 3637 crore at Rs 1.27 lakh crore
As per provisional data of April 20, FIIs were net sellers of Rs 157 crore; DIIs were net buyers of Rs 101 crore in cash markets. FIIs were net buyers of Rs 56 crore in F&O.


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