18 May 2010 Intraday Calls

18 May 2010 Morning Market Updates  08:48

Today market will open flat and the movememnt will be expected after European opening trend.Nifty has a support at 4970-4950 and resistance is at 5050.

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

Buy Bhartiartl Above 269 sl 265 T 274

Buy Gail sl 430 T 441
Buy ITC sl 264 T 271
Buy Jindalstel Around 640-645 sl 637 T 664
Buy Maruti sl 1234 T 1258
Buy Sunpharma sl 1568 T 1604
Buy McDowell-n Above 1241 sl 1220 T 1276
Buy Sesagoa Above 392 sl 384 T 404
Buy Syndibank Above 92 sl 91 T 94
Buy Techm Above 725 sl 712 T 742
Buy Renuka sl 52 T 60 Positional
Buy bajajhind Above 111 sl 107 T 116
Abirlanuvo Bounceback exp


Sell Axisbank Below 1258 sl 1267 T 1231
Sell DLF sl 292 T 280
Sell HDFCBank Below 1914 sl 1928 T 1896
Sell M&M Below 549 sl 554 T 540
Sell Adanient Below 572 sl 580 T 558
Sell Lupin Below 1761 sl 1772 T 1740
Sell Patni Below 558 sl 564 T 548
Stocks in News :
Results Today:

Chennai Petro, Bombay Rayon, ICRA, JK Lakshmi Cement, Bilpower
Tarapur Transformers lists today
ABB CONCALL
No intention to de-list ABB India from exchanges
Looking at acquisition in Indian market,India will be the next export market for ABB
Not talked to LIC & other institution about open offer
GAIL Q4
Sales at Rs.6522cr vs Rs.6128cr ( up 6% YoY)
PAT at Rs.911cr vs Rs.630cr ( up 45% YoY)
Karnataka Bank Q4
NII at Rs.130.5cr vs Rs.96.3cr ( up 36% YoY)
PAT at Rs.74.1cr vs Rs.83.1 ( down 10.8% YoY)
CDMA Operators Association
GSM Cos Attempt To Browbeat Govt On TRAI Report
TRAI Recos Well Balanced, Progressive & Transparent
TRAI Has Accepted More Demands Of GSM Operators Than CDMA
Vicious Attack By GSM Cos Attempt To Force Govt & TRAI
Tata Tele Says
TRAI Order Of Priority On Allocation Needs Correction
First Priority Should Be Given To Co For Initial Spectrum
Spectrum Above Permissible Limits Must Be Withdrawn
No Spectrum Above Permissible Level In Merged Cos
Other stocks and sectors in the news
Godrej Consumer completes acquisition of Megasari Group in Indonesia
SAIL In Initial Talks With Tata Steel To Set Up Steel Plant, To Set Up 2 mt Steel Plant In JV With POSCO In Jharkhand
Fitch Removes Bharti -ve rating Watch; Outlook Stable
Tata Power Offers To Take Up 4 Lakh Rel Infra Customers
DoT may reject TRAI’s 2G pricing recommendation – BS
NTPC to float new order for $4.2bn – Mint
Talwalkars: Reliance Capital Trustee increases stake to 11.45% from 6.35%
Rajan Mittal says: No more room for tariff cuts, consolidation inevitable
F&O cues:

NSE F&O Open Int was up Rs 3284 crore at Rs 1.37 lakh crore
Futures Open Int up Rs 1629 crore
Options Open Int up Rs 1655 crore
Nifty Futures add 18 lakh shares in Open Int
Nifty Futures at 2-point discount
Nifty Open Int PCR at 1.10 versus 1.12
Nifty Puts add 11 lakh shares in Open Int
Nifty Calls add 20 lakh shares in Open Int
Nifty 4900 Put adds 5.8 lakh shares in Open Int
Nifty 4800 Put adds 5.6 lakh shares in Open Int
Nifty 4700 Put adds 5 lakh shares in Open Int
Nifty 5100 Put sheds 10.8 lakh shares in Open Int
Nifty 5200 Put sheds 10 lakh shares in Open Int
Nifty 5100 Call adds 10.7 lakh shares in Open Int
Nifty 5000 Call adds 10.6 lakh shares in Open Int
Stock Futures add 3.2 cr shares in Open Int
FIIs in F&O on May 17
Net sell Rs 1272 crore in Nifty Futures
Nifty Futures Open Int up 51,808 contracts
Net buy Rs 507 crore in Nifty Options
Nifty Options Open Int up 29,694 contracts
Net sell Rs 185 crore in Stock Futures
Stock Futures Open Int up 8,405 contracts
US Markets :
The US stocks erased their losses in the final half-hour of trading as the dollar gave up its gains against the euro after earlier hitting a four-year high. Dow closed flat at 10,626, while the S&P 500 shut shop at 1,137. The Nasdaq closed the session 7 points higher at 2,354.



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