20 May 2010 Intraday Calls

20 May 2010 Morning Market Updates  08:32

Market will open flat to positive as Asian markets trading in positive.
Nifty will have a resistance at 4950-4970 levels.As per yesterday's advice,value buying should be started at current levels to 4870 level.

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

Buy Herohonda Above 1864 sl 1850 T 1885

Buy Siemens Above 682 sl 677 T 691
Buy Abirlanuvo Above 777 sl 768 T 789
Buy BEL Above 1800 sl 1788 T 1828
Buy Hindpetro Above 340 sl 335 T 347
Buy RNRL Above 47.5 sl 45 T 51
Buy Ultracemco Above 960 sl 948 T 980

Sell ITC sl 261 T 256
Sell Glenmark sl 271 T 260/257

Sell Indhotel sl 111.5 T 108
Sell Bajaj-Auto Below 2120 sl 2138 T 2096
Sell Bankbaroda Below 670 sl 674 T 661
Sell PFC Below 277 sl 280 T 272



Stocks in News :
After 34 days of competitive bidding, auctions for India's third-generation airwaves drew to a close on Wednesday, throwing open doors for faster data services and making the government richer by Rs 67,718.95 crore. At this price, the cost of one Mhz of 3G spectrum works out to Rs 1,675 crore. In comparison, 4.4 MHz of 2G spectrum and licence were doled out at a paltry Rs 1,651 crore by telecom minister A Raja in January 2008.
The other major highlight of the auctions is that no operator has won 3G spectrum for all 22 telecom circles. The big winners were Bharti Airtel ,Reliance Communications and Aircel, which have bagged spectrum in 13 circles each. Idea Cellular won spectrum for 11 circles, while Vodafone-Essar and Tatas (Tata Teleservices and Tata Teleservices Maharashtra combined) won 9 circles each.

Outlining a new growth and brand strategy for its value format business, Reliance Retail, a subsidiary of Reliance Industries said it would base its business on four growth pillars -- strengthen presence in multi-brand format; drive growth through hypermarkets; become a leader in fresh food quality and enable growth through world-class infrastructure such as distribution centres, fresh processing centres and customer innovation centres.

The government on Wednesday sharply raised the price of natural gas sold by state-owned ONGC  and OIL from $1.79 to $4.2 per unit the same price at which private sector RIL sells gas.

Gems & jewellery, petro items lift Apr exports 36%


Volkswagen, Maruti start integration talks



To make inroads into the European market, Apollo Tyres will showcase all passenger vehicle product brands in its portfolio at this year's Reifen 2010, in Essen, Germany.

Steel ministry seeks duty hike on iron ore export



F&O cues:

Futures Open Int up Rs 286 crore
Options Open Int up Rs 3189 crore
Nifty May Futures add 5 lakh shares in Open Int
Nifty June Futures add 15 lakh shares in Open Int
Nifty May at 3-point premium
Nifty June at 1-point discount
Nifty Open Int PCR at 1.03 versus 1.08
Nifty Puts add 12 lakh shares in Open Int
Nifty Calls add 50 lakh shares in Open Int
Nifty 4800 Put adds 4.5 lakh shares in Open Int
Nifty 5100 Put sheds 12 lakh shares in Open Int
Nifty 5000 Put sheds 11 lakh shares in Open Int
Nifty 4900 Call adds 17 lakh shares in Open Int
Nifty 5000 Call adds 16 lakh shares in Open Int
Stock Futures add 1.9 cr shares in Open Int
FIIs in F&O on May 19
Net sell Rs 1555 crore in Nifty Futures
Nifty Futures Open Int up 16,346 contracts
Net buy Rs 2668 crore in Nifty Options
Nifty Options Open Int up 6,158 contracts


US Markets :
U.S. stocks fell Wednesday, led by such industrial companies as Caterpillar, Boeing and 3M as investors worried that the weak euro could hurt the profits of companies that do business in the euro zone. The Dow Jones Industrial Average fell 66.58 points, or 0.63%, to 10444.37 and the Nasdaq Composite declined 18.89, or 0.82%, to 2298.37

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