28 June 2010 Intraday Calls

28 June 2010 Morning Market Updates  08:50

Market will open flat as US Markets closed flat and Asian cues are also trading flat.

Intraday Calls :
Follow sell calls in negative market bias.

Sell Ambujacem Bel 116.5 sl 118 T 114

Sell ICICIBank sl 862 T 845
Sell Jindalstel sl 648 T 628
Sell LT Bel 1731 sl 1758 T 1680
Sell M&M Bel 611 sl 618 T 598
Sell SBIN sl 2319 T 2261
Stocks in News :
Reliance Communications-GTL

-Rel Comm, GTL infra agree on Rs 50000 crore tower sharing deal
-Rel Infratel to demerge tower assets into GTL Infra
-Rel Comm to receive infusion in cash; to reduce debt
-Merged entity to have over 80,000 towers
-Merged entity to have 1.25 lakh tenancies from 10 telcos
-Quantum of cash infusion to RCOM, and the share swap ratios for RCOM and RINFRATEL minority shareholders will be finalised in due course
Rel Comm -
-Rel Comm to slash International call tariff rates by 60%
-Brings in Tariff war in International Segment
-Call rates to US, Canada slashed to Rs 1.99/minute
Current rates to US, Canada @ Rs 5-10/minute
-Reduces rates for International Call Cards to Rs 37 fm Rs 49
-Intl Call rates applicable to all CDMA & GSM subscribers
Board Meets

-Tata Motors : Fund raising
-Maytas Infra : CDR & Results
-Aqua Logistics: Split
Other stocks and sectors that are in news today:
-Lumax Auto Technologies mulls a Board Meet on 26th June for preferential allotment to promoters
-Essar Oil declared winner of four Coal Bed Methane blocks
-Alembic : Board meet on 29 June for corporate re-organisation
-HCC awarded Rs 431 corre Sainj Hydel Project in HP
-Tata Motors will setup a new manufacturing plant for 2nd plant for ACE – BS -Reliance Power request for USD 650 million in financing to build a coal-fired power plant in India, has been rejected by the US Export-Import bank – FE
-RIL close to selling a 2.5 crore commercial plot at BKC to Wadhwa developer at around Rs 1000 crore: reports
-Rane group is investing Rs 260 crore to meet the rising demands from vehicle manufacturers – BS
F&O cues:

Futures Open Int up Rs 903 crore
Options Open Int up Rs 4984 crore
Nifty Futures Open Int unchanged

Nifty Futures at 15-point premium
Nifty Open Int PCR at 1.29 versus 1.19
Nifty Puts add 62 lakh shares in Open Int
Nifty Calls add 17 lakh shares in Open Int
Nifty 5200 Put adds 8.8 lakh shares in Open Int
Nifty 5000 Put adds 8.7 lakh shares in Open Int
Nifty 4800 Put adds 8.6 lakh shares in Open Int
Nifty 5600 Call adds 3 lakh shares in Open Int
Stock Futures add 4.4 crore shares in Open Int
FIIs in F&O on June 25
Net sell Rs 1604 crore in Nifty Futures
Net buy Rs 1677 crore in Nifty Options
Net sell Rs 236 crore in Stock Futures


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