07 June 3010 Daily Recommendations

07 June 3010 Morning Market Updates  08:43
Market will open gap down because global worries.Nifty support at 4950-4910.Parkikh committee is expecting Govt decision about fuel prices today.It will add some volatility to the market.European market opening will decide the base market trend.
Recommendations :
Follow Sell Calls in negative market bias and v.v.
Sell Andhrabank sl 140 T 131
Sell Bajaj-Auto Bel 2181 sl 2198 T 2164 / 2143
Sell Drreddy Bel 1392 sl 1408 T 1374
Sell Federalbnk Bel 335 sl 341 T 327
Sell Glaxo sl 2045 T 2006
Sell Hindpetro Bel 362 sl 367 T 354
Sell Lupin Bel 1844 sl 1859 T 1825
Sell Jindalswhl Bel 1702 sl 1723 T 1681
Sell Tulip sl 944 T 916
Sell RIIL Bel 758 sl 764 T 745
Buy Aban Abv 709 sl 700 T 726
Buy Bhartiartl Abv 279 sl 275 T 285
Buy Hindalco Abv 150.5 sl 147.5 T 156
Buy Ranbaxy Abv 435 sl 431 T 445
Buy Suzlon sl 54 T 58
Buy Tatasteel Abv 490 sl 482 T 501 / 505 /518 Positional
Buy Abirlanuvo sl 738 T 774 Positional
Buy IOB sl 91 T 94
Stocks in News :
HUL board meet on June 11 to mull buyback
BWA Auction, Day 9:
All-India bid closes at Rs 8,980 crore
Govt revenue rises to Rs 26,940 crore
F&O cues:

Futures Open Int up Rs 709 crore
Options Open Int up Rs 1825 crore
Nifty Futures shed 2 lakh shares in Open Int
Nifty Futures at 16-point discount

Nifty Open Int PCR at 1.40 versus 1.35
Nifty Puts add 25 lk shrs, Call OI unchanged
Nifty 5100 Put adds 7 lakh shares in Open Int
Nifty 5000 Put adds 6.5 lakh shares in Open Int
Nifty 5400 Call adds 3.3 lakh shares in Open Int
Nifty 5300 Call adds 3 lakh shares in Open Int
Nifty 5200 Call sheds 5.6 lakh shares in Open Int
Stock Futures Open Int unchanged
FIIs in F&O on June 4
Net buy Rs 136 crore in Nifty Futures
Net buy Rs 1338 crore in Nifty Options
Net buy Rs 330 crore in Stock Futures
Market cues:
EGOM meet on fuel pricing today
Global markets melt after US jobs data
Euro slips below USD 1.20 for the first time in nearly 5 years

Govt Mandate
Listed cos to have 25% floating stock
FIIs were net buyers of USD 106 million in equities on June 3
NSE F&O Open Int was up Rs 2534 crore at Rs 1.19 lakh crore
As per provisional data of June 4, FIIs were net buyers of Rs 101 crore; DIIs were net sellers of Rs 127 crore in cash markets. FIIs were net buyers of Rs 1793 crore in F&O.
US markets tumbled  Friday on U.S. jobs and as Hungary emerged as Europe's latest economic problem.
The Dow Jones Industrial Average fell 323.31 points, or 3.15%, to 9931.97, its lowest close since Feb. 8.The Nasdaq Composite dropped 83.86, or 3.64%, to 2219.17, its lowest close since May 26. It slid 1.68% this week.
The declines came after a government report that showed the U.S. economy added jobs in May at the fastest pace in a decade, but the gains were inflated by temporary government hiring for the 2010 Census and were not enough to bring unemployment down much. The gain in nonfarm payrolls was 431,000, weaker than the 515,000 increase economists had expected, and only 41,000 private-sector jobs were added. Meanwhile, investors grew increasingly concerned about Hungary's economy after a leading official in Hungary's ruling Fidesz party said Thursday that Hungary faces a Greek-like sovereign-debt problem.