12 July 2010 Intraday Calls

12 July 2010 Morning Market Updates  08:50
Market will continue Friday's Northsided rally as global cues are positive.
Nifty has a resistance at 5400 levels whereas immediate support will be considered at 5260-5270 on closing basis.
May IIP numbers will be declared today and those will decide the trend. 
Intraday Calls :
Buy Bhel Abv 2420 sl 2400 T 2444



Buy Cairn Abv 304 sl 301 T 309


Buy DLF sl 292 T 301


Buy Grasim sl 1875 T 1924


Buy HCLTech Abv 364 sl 361 T 368


Buy HDFCBank Abv 2010 Close sl 1998 T 2045


Buy Hindalco sl 147 T 152


Buy Jindalstel Abv 637 sl 634 T 648


Hold Long SBIN Ref.08/07 Trail sl 2336 T 2400


Buy Ster Abv 169 sl 166 T 173


Buy Tatasteel Abv 501 close sl 493 T 510/528/545 Positional


Buy Wipro sl 398 T 405


Buy HDIL sl 247 T 254


Buy LICHSGFIN Abv 1003 sl 993 T 1013/1019


Sell Hindunilvr Bel 261 sl 263 T 258


Sell NTPC sl 199 T 195


Sell Relinfra Bel 1168 sl 1175 T 1154


Sell Drreddy Bel 1454 sl 1464 T 1441


Sell Apil Bel 648 sl 655 T 638


 
Stocks in News :
Results today - CMC, Geojit BNP, JP Infra, Moser Baer, Pfizer, Sintex Inds, Wyeth

Stocks in news: Cairn, Rel Cap, EIL, RIL, Piramal Health
Piramal-SRL deal?: CNBC-TV18 learns
-Piramal to sell diagnostic arm to SRL
-Deal seen at Rs 600-700 crore
-Diagnostic biz revenues @ Rs 200 crore
-Deal may be announced early this week
-Alert: SRL promoted by Malvinder Singh
Govt says
-Gives infra status to bonds issued by LIC, IDFC, IFCI
-Also gives infra status to bonds issued by infra NBFCs
CBI on Satyam:
-Promoters & family wrongfully gained Rs 2,743 crore
-Satyam had inflated non existent cash of Rs 5,040 crore
Board Meeting
-Surya Roshni : Allotment of Securities
-Celebrity Fashion : Issue of Prefrence Shares
-Camlin Fine : Rights issue committee meeting
Ex-Dividends
-Tata Steel : Ex-Dividend @ Rs 8/share
-Orchid Chemical : Ex-Dividend @ Rs 10/share
-Redington India : Ex-Dividend @ Rs 5/share
-Tata Elxsi : Ex-Dividend @ Rs 7/share
-VST Inds : Ex-Dividend @ Rs 30/share
Kajaria Ceramics Q1’FY10
PAT at Rs 11.3 crore versus Rs 6.04 crore ((Up 87% YoY))
Sales at Rs 207 crore versus Rs 159.8 crore ((up 29% YoY))
Amrutanjan Health : Board meet on July 14 to consider update on buy-back of shares

Essar Oil :Allots FCCB 2nd tranche worth USD 147 million to promoter co
RIL may vie for Bombay Dyeing plant.
Re-listing of Usha Martin Education & Solution ((Circuit Filters open))
Hotel Leela promoters hiking stake in company to fence against takeover bid from ITC.
Relliance Life scouts for strategic partner.
EIL to launch FPO on July 27, plans to raise about Rs 1200 crore by disinvesting 10% stake
Cairn India, JV partners ONGC, Videocon & Ravva Oil in producing East Coast Ravva are looking at a new gas price of USD 4.75/mBtu.