28 April 2010 Intraday Calls

28 April 2010 Morning Market Updates  08:51
Global meltdown will affect our markets badly.US markets closed nearly2% down as the dollar strengthened against the euro after S&P lowered its sovereign-issuer credit ratings on Portugal and Greece.Also the Goldman fear factor is still on as Goldman Sachs Chief Executive Lloyd Blankfein and other top Goldman executives are being grilled by the Senate Permanent Subcommittee on Investigations, which is examining the role of investment banks in the financial crisis.This things affected the global sentiments and Asian markets tanked.
Nifty has a support at 5280 and 5245.Important support is 5165.
Recommendations :
Follow Sell recommendations in negative market bias and v.v.
Buy Cairn sl 307 Target 315
Buy LT sl 1620 Target 1648
Buy ONGC sl 1038 Target 1057
Buy BPCL Above 506 sl 501 Target 517
Buy Cipla Above 337 sl 331 Target 344
Buy M&M Above 542 sl 532 Target 551
Sell DLF Below 314 sl 318 Target 308
Sell ICICIBank sl 953 Target 932
Sell JPAssociat Below 151 sl 153.5 Target 148.5
Sell Rpower Below 157 sl 159 Target 155

Stocks in News :
Results Today: Bharti Airtel, Alstom Projects, Balaji Tele, Balrampur Chini, BOB, Canara Bank, Dabur India, Exide Inds, GHCL, Ingersoll Rand, JSL, Kesoram Inds, LIC Housing Fin, Marico, MIC Electronics, Noida Toll, Shoppers Stop, Advanta India, Rei Agro, Eicher Motors

RIL-RNRL case update:
-Expecting SC verdict on gas case in next few days
-SC may even announce verdict this week
-Expect verdict this week as CJI retires on May 11
-CJI KG Balakrishnan scheduled to retire on May 11
IPO update
-Nitesh Estates - Overall Subscribed 1.2 times (x); QIB~3x, NII 0.25x, Retail 0.18x
-Tara Health Foods IPO opens today, issue of 1 crore shares at Rs 180-190/share
-Tarapur Transformers IPO closes today, subscribed 1.15x till now
3G Auction, Day 15 ((Couple of reports on irrational pricing))
-Total govt revenue at approximately Rs 35,018 crore
Govt revenue crosses budget estimate of Rs 35,000 crore
-All-India slot price rises to Rs 8,662 crore
-Delhi circle price rises to Rs 1,284 crore
-Mumbai circle price rises to Rs 1,329 crore
Other stocks and sectors that are in news today:
-Patni: Wins multi million dollar 5-year deal from Universal American
-GVK Power achieves financial closure for Tokisud North Sub-Block (Jharkand) , Project cost Rs.300cr ( Debt: Equity at 3:1)
-Ruias Invest Rs 1300 crore in Essar Oil via GDS
-NTPC enters into JV with NPCIL to set up nuclear power projects
-Sintex Industries board meet on April 30 for stock split in ratio of 2 :1
-Board Meets Today: Manaksia for Buy-Back
-Farmax India: approves stock spit in the ratio of 5:1
GSK Pharma : Q1CY10 (cr - crore, vs - versus)
-Revenue Rs 546.5 cr vs Rs 460.98 cr (YoY) (Est Rs 517.4 cr)
-PAT Rs 161.19 cr vs Rs 143.27 cr (YoY) (Est Rs 140.7 cr)
Sobha Developers Q4
-Sales at Rs 400.8 cr vs Rs 142.8 cr (up 181% YoY)
-PAT at Rs 55.7 cr vs Rs 2.7 cr (up 1963% YoY)
Petronet LNG Q4

-Sales at Rs 2388.5 cr vs Rs 2654.9 cr (down 10.1% YoY)
-PAT at Rs 97.3 cr vs Rs 204.4 cr (down 52% YoY)
-OPM at 8.47% vs 12.9%
Motilal Oswal Q4
-Income from operation at Rs 154.17 cr vs Rs 84.02 cr (up 83% YoY)
-PAT at Rs 51.8 cr vs Rs 15.82 cr (up 227% YoY)
JSW Energy :Q4
-Sales at Rs 784 cr vs Rs 474 cr (up 65% YoY)
-PAT at Rs 273 cr vs Rs 23.8 cr (up 10x YoY)
Note : Numbers strictly not comparable because of ramp up in capacity
Raymond Q4
-Sales at Rs 329 cr vs Rs 355 cr (down 7% YoY)
-PAT at Rs 6.6 cr vs loss of Rs 239 cr (YoY)
Concor Q4
-Sales at Rs 950.53 cr vs Rs 841.2 cr (up 13% YoY)
-PAT at Rs 173.19 cr vs Rs 187.6cr (Down 7% YoY)
-OPM at 23.1% vs 26.8%
Ispat Industries Q4
-Sales at Rs 2349 cr vs Rs 1042.9 cr (up 125% YoY)
-PAT at Rs 22.3 cr vs Loss of Rs 38.3 cr
Peninsula Land Q4
-Sales at Rs 224.7 cr vs Rs 195.12 cr (up 15% YoY)
-PAT at Rs 95.27 cr vs Rs 35.96 cr (up 165% YoY)
Paper Products Q4
-Sales at Rs 159.08 cr vs Rs 143.17 cr (Up 11.1% YoY)
-Adjusted PAT at Rs 12.15 cr vs Rs 16.31 cr (down 25% YoY)
F&O cues:

NSE F&O Open Int down Rs 212 crore at Rs 1.37 lakh crore
Futures Open Int down Rs 202 crore
Options Open Int down Rs 10 crore
Nifty Fut add 3 lakh shares in total Open Int
Nifty Apr at 1-point premium
Nifty May at 4-point premium
Nifty Open Int PCR at 1.38 versus 1.33
Nifty Puts add 9.5 lakh shares in Open Int
Nifty Calls shed 13 lakh shares in Open Int
Nifty 5300 Put adds 4.8 lakh shares in Open Int
Nifty 5300 Call sheds 9.5 lakh shares in Open Int
Stock Futures add 0.8 cr shares in Open Int
Rollover analysis
Marketwide rollover at 45% versus average of 38%
Nifty rollover at 42% versus average of 40%
FIIs in F&O on April 27
Net sell Rs 203 crore in Nifty Futures
Net buy Rs 261 crore in Nifty Options
Net sell Rs 148 crore in Stock Futures
Net buy Rs 198 crore in Stock Options


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