11 June 2010 Intraday Calls

11 June 2010 Morning Market Updates 08:35
Short windup scenario will continue today also.Yesterday's adjusted close of Nifty spot was 5078.60 while closing was 5082.35 whereas Nifty June month future closed at 5086.10 which is in premium at the time of closing.It indicates the positions are been converted from shorts to long.Its difficult to say it is for time being or positionaly.We recommend to follow the trend.
Today's Recommendations :

Hold Nifty Long Trail sl 5045 T 5165

Buy Aban strct sl 630 T 662 / 678 Bounceback exp
Buy Acc sl 863 T 882
Buy Cipla sl 329 T 343
Buy DLF Abv 264 sl 260 T 270
Buy Grasim sl 1757 T 1792
Buy HDFC Abv 2760 sl 2735 T 2792
Buy Hindalco sl 136 T 142
Buy ICICIBank Abv 835 sl 828 T 850
Buy Relcapital Abv 688 sl 670 T 712 Positional
Buy Reliance sl 1006 T 1028 / 1040
Buy Sail sl 194 T 204
Buy Ster sl 634 T 656
Buy Suzlon Abv 54.5 sl 53.5 T 56
Buy Bankindia Abv 335 sl 331 T 339
Buy Ibrealest sl 146 T 155
Buy JSWSteel Abv 1056 sl 1045 T 1074
Buy Videoind sl 195 T 205
Sell Abb Bel 852 sl 868 T 835

Sell Gail Bel 453 sl 456 T 448
Sell Sunpharma Bel 1691 sl 1702 T 1662
Stocks in News :
Listing of Standard Chartered IDR today, issue price at Rs 104 ((Last traded at pound 16.49, translates into Rs 1129.60; 10 IDRs represent one share, so translates into Rs 112.96 as listing price))

Jet Airways
-Carried 8.69 lakh revenue passenger in May 2010 (up 41% YoY)
-Domestic load factor for may stood at 82.5% ((10% increase MOM))
-International seat factor stood 80.3% (up 5% YoY)
Econet Chairman says

-Irrational to say that Zain Nigerian issue resolved
-Issues cannot be resolved without Econet involvement
Other stocks and sectors that are in news today:
-EGoM meet on fuel price issue likely on June 17: PTI
-Bombay HC dismisses govt regulation on TDR Policy, cuts FSI back to 1, to benefit HDIL, DB Realty, negative for other Mumbai based realty companies
-Whirlpool of India, Sri Adhikari Brothers to be included in T2T Segemnt
-Board meet today: Dish TV: restructuring of subsidiary
-HUL: Board meet today on buyback of shares
-LIC, 4 Banks likely to invest in Videocon ((Mint))
-Eli Lilly said to be looking to Clinical Trial opportunities in India ((DNA))
-HCC looking to sell 20%-30% in Infra Subsidiary ((DNA))
-Network 18 to do away with cross-holdings – BS
-Indian ADRs: Sterlite up 6%, Tata Comm up 5.6%

F&O Cues :
Nifty Futures add 1.5 lakh shares in Open Int
Nifty Futures at 7-point premium
Nifty Open Int PCR at 1.39 versus 1.33
Nifty Puts add 38 lakh shares in Open Int
Nifty Calls add 1 lakh shares in Open Int
Nifty 5000 Put adds 17 lakh shares in Open Int
Nifty 5100 Put adds 6.7 lakh shares in Open Int
Nifty 5300 Call adds 4 lakh shares in Open Int
Nifty 5000 Call sheds 9.5 lakh shares in Open Int
Stock Futures add 2.6 cr shares in Open Int
FIIs in F&O on June 10
Net buy Rs 243 crore in Nifty Futures
Net sell Rs 267 crore in Nifty Options
Net buy Rs 406 crore in Stock Futures


US Markets :
U.S. stocks rallied broadly Thursday, with Caterpillar, American Express and Chevron among the gainers, as economic data from the U.S. and China and comments from European officials reassured investors about the global economy. All three major large-cap measures experienced their third-largest one-day gains of the year.The Dow Jones Industrial Average rose 273.28 points, or 2.76%, to 10172.53.The Nasdaq Composite added 59.86, or 2.77%, to 2218.71. The Standard & Poor's 500 index rose 31.15, or 2.95%, to 1086.84. All of the S&P 500's sectors rose, with the energy, industrial and materials sectors experiencing the largest percentage gains.


Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.