21 April 2010 Intraday Calls

21 April 2010 Morning Market Updates  09:04
Due to some technical error,publishing today's blog just after market opening.We apologize for the same.
Today market will open flat/negative as global markets are trading mixed.Nifty has a support of 5210.If it breaks then again 5165 is a major resistance.Nifty resistance at 5280 level.
Recommendations :
Follow Buy calls in positive market bias.
Buy HCLTech sl 369 Target 382

Buy Cipla Above 336 sl 333 Target 341
Buy Powergrid sl 108 Target 114
Buy Maruti Above 1380 sl 1371 Target 1418
Buy PNB sl 1001 Target 1014
Buy ICICIBank Above 955 sl 947 Target 969
Buy Punjlloyd Above 169 sl 167 Target 174
Buy HDIL Above 298 sl 295 Target 303
Buy TechM
Buy Relinfra sl 1115 Target 1197 Positional
Buy Torntpower Above 321 sl 315 Target 349 Positional
Stocks in News :
Results today: ACC, Ambuja, Sterlite Tech, Zensar, Tata Sponge, Strides Arcolab, Rallis, Indiabulls Power, Coromandel Int, Gujarat Gas, Escorts

Bharat Forge - launches USD 120 m QIP
-Bharat Forge to raise money via equity, NCD, warrants
-Bharat Forge to raise USD 50.7 million via equity at Rs 272/share
-Bharat Forge to raise USD 33.7 million via NCD
-Bharat Forge to raise USD 34.5 million via warrants
Glenmark
-NJ court rules three claims of Schering Plough’s asserted patent are invalid for Zetia generic
-Glenmark is under litigation with Schering for Zetia generic, has FTF on the drug
-Three Claims being invalidated are for Patent Re issue for Zetia Schering Plough had 13 claims originally against Glenmark
-6 were invalidated with 7 remaining
-Glenmark now 4 claims remaining as 3 more got invalidated
-Glenmark recieved tentative approval in April 2009
-Zetia sales are USD 1.4 biliion
-Could add Rs 25-30 EPS on exclusivity to Glenmark
Auto Fuel policy - Sources
-Auto Fuel policy on cabinet agenda
-Capitalisation of PSU Banks on Cabinet Agenda
-CCEA to discuss remunerative & fair price for sugarcane
Dewan Housing Finance board
-Aapproves issue of equity shares up to Rs.375 crore via QIP
-Issue of shares to promoters up to Rs 100 crore on preferential basis
-Issue equity shares up to Rs 25 crore to Caledonia Investments Plc, UK
United Spirits Q4 (cr - crore, vs - versus)

-Net sales at Rs 1,252.14 Cr Vs Rs 907.8 Cr (YoY)
-Net profit at Rs 56.85 Cr Vs Rs 55.62 Cr (YoY)
Infotech Enterprises Q4
-Net profit at Rs 51.3 cr vs Rs 37.9 cr
-Revenues at Rs 244 cr vs Rs 239 cr
-OPM at 17.7% vs 17%
Pennar Industries
-Q4 sales at Rs 240.4 cr vs Rs 154.4 cr
-Q4 PAT at Rs 25 cr vs Rs 14.9cr
Other stocks and sectors that are in news today:
-IT raids at India Cements' office in Chennai, CNBC-TV18 ALERT: India Cements is the owner of Chennai Superkings
-Trent board meet on April 26 to consider fund raising option & right issue
-Jet, Kingfisher resume flights to US, UK
-Sundaram Finance to acquire BNP Paribas’s 49.9% stake in MF JV
-HUL puts 2 residential properties in Mumbai on the block
-Singapore based InfraCo may buy 45% stake in RIL’s SEZ.
-Exide Labour stir hits Hero Honda output.
Market cues:
FIIs were net buyers USD7.3 million in equities on April 20
NSE F&O Open Int was up by Rs 2533 crore at Rs 1.30 lakh crore
As per provisional data of April 21, FIIs were net buyers of Rs 83 crore, DIIs were net buyers of Rs 25 crore in cash markets. FIIs were net buyers of Rs 473 crore in F&O.
F&O cues:

Futures Open Int up Rs 1658 crore, Options Open Int up Rs 875 crore
Nifty futures add 7 lakh shares in total Open Int
Nifty futures at par with spot
Nifty Open Int PCR at 1.20 versus 1.18
Nifty Puts add 10 lakh shares, Calls add 1.6 lakh shares in Open Int
Nifty 5100 Put adds 5 lakh shares in Open Int
Nifty 5200 Put adds 3 lakh shares in Open Int
Nifty 5500 Call adds 2 lakh shares in Open Int
Nifty 5300 Call adds 1.6 lakh shares in Open Int
FIIs in F&O on April 21
Net sell Rs 375 crore in Nifty Futures
Net buy Rs 363 crore in Nifty Options
Net buy Rs 535 crore in Stock Futures


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