27 April 2010 Intraday Calls

27 April 2010 Morning Market Updates  08:50
As Asian market trading negative, we cant expect outstanding opening in our market.Nifty has support at 5280 and 5245.Nifty has resistance at 5350 and 5400.
Recommendations :
Follow Buy Calls in positive market and v.v.

Buy BHEL sl 2501 Target 2523
Buy BPCL Above 506 sl 501 Target 517
Buy Cairn Above 305 sl 301 Target 309
Buy Grasim Above 2870 sl 2852 Target 2896
Buy HDFC sl 2818 Target 2858
Hold Long M&M Ref.26/04 Trail sl 523 Target 540
Buy Sail Above 233 sl 230 Target 238
Buy Ster Above 844 sl 836 Target 858
Hold Long Tatapower Ref.26/04 Trail sl 1361 Target 1394
Buy Uniphos Above 150 sl 147.5 Target 155
Buy Drreddy sl 1235 Target 1258
Buy HDIL around 268 for Long Term


Sell ABB sl 816 Target 799
Sell DLF sl 326 Target 318
Sell Idea sl 66 Target 63.5
Sell Mundraport Below 754 sl 767 Target 735
Sell Cumminsind sl 526 Target 509
Sell Ibrealest sl 175 Target 165
Sell Relinfra Below 1108 sl 1118 Target 1092

Stocks in News :
Results Today : Idea Cellular, IDFC, Sobha Developers, ARSS Infra, Dena Bank, Gillette India, Glaxosmithkline Pharma, JSW Energy, Power Finance Corp, Piramal Life Sciences, Raymond, Motilal Oswal, Aventis Pharma, Petronet LNG, Welspun Gujarat, Yes Bank, Shree Renuka, Ispat Industries, Selan Exploration, Taj GVK, Peninsula Land

Kiri Dyes Q4 (cr - crore, vs - versus)
-Sales at Rs 104.4 cr vs Rs 68.86 cr (up 51% YoY)
-PAT at Rs 6.86 cr vs a loss of Rs 4.8 cr
Rain Commodities Q4 (consolidated)
-Sales at Rs 753.8 cr vs Rs 1015.5 cr (Down 25% YoY)
-PAT at Rs 59.04 cr vs Rs 87.2 cr (down 32% YoY)
AstraZeneca Q1CY10 YoY
-Revenue at Rs 97.9 cr vs Rs 80.23 cr
-OPM at 5.1% vs 13.5%
-PAT Rs 2.61 cr vs Rs 7.27 cr
IPO update
-EGoM fixes Satluj Jal IPO price band at Rs 23-26; 5% retail discount for Satluj Jal IPO
Satluj Jal IPO to hit market on April 29
-Nitesh Estate issue closes today, subscribed 0.2 times till now
-Mandhana Industries issue opens today
Areva T&D Concall
-Seen slower demand for T&D in last 18 months
-T&D infrastructure has not picked up sharply
-T&D growth directly linked to economic growth
M&M -
-M&M shows interest in buying S Korea's Ssangyong Motor Co
M&M & Ssangyong decline to comment
-Ssangyong currently valued at USD 400 million
-Ssangyong has assets of USD 1.2 billion, liabilities of USD 1.1 billion
SEBI gives informal guidance for Tata Motors DVRs

-Tata Motors sought DVR guidance on September 17, 2009
SEBI disallowed DVRs with superior voting & dividend rights in July 2009
SEBI on Tata Motors DVR
-Existing DVR holders can have superior dividend rights
-Existing DVRs to continue to have all their existing right
-Can issue fresh DVRs via bonus/ rights on same terms
-Can issue fresh DVRs via FPO, preferential issue
-Can convert CARs into DVRs under existing terms
Other stocks and sectors that are in news today:
-Idea Cellular board meet pushed to May 3
-ONGC added 83 million tonnes of oil & gas reserves in FY10 ( highest in 2 decades)
-Trent : Board approves rights issue up to Rs 500 crore
-Coromandel International to acquire 100% stake in Pasura Biotech
-Jay Shree Tea acquires 3 tea gardens in East Africa
-Tech Mahindra, Wipro eye USD 1 billionn deal from NZ’s top telecom company. 
-Insurance firms set to defy SEBI, to approach IRDA for new ULIPS.
-Punj Lloyd set to sell stake in Engineering arm.


F&O cues:

Futures Open Int up Rs 16 crore
Options Open Int up Rs 1218 crore
Nifty futures shed 7 lakh shares in total Open Int
Nifty Apr futures at 2-point discount
Nifty Open Int PCR at 1.33 versus 1.35
Nifty Puts add 9 lakh shares, Nifty Calls add 11.5 lakh shares in Open Int
Nifty May 5300 Put adds 4.8 lakh shares in Open Int
Nifty Apr 5300 Put adds 4.3 lakh shares in Open Int
Nifty May 5400 Call adds 3.7 lakh shares in Open Int
Nifty Apr 5400 Call adds 3.7 lakh shares in Open Int
Stock futures add 0.7 cr shares in Open Int
Rollover stats
Marketwide rollover at 31% versus average of 24%
Nifty rollover at 25% versus average of 27%
FIIs in F&O on April 26
Net buy Rs 152 crore in Nifty futures
Net buy Rs 200 crore in Nifty options


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