7 Dec 2010 Daily Recommendations

7 Dec 2010 Morning Market Updates  09:07


Intraday traders, Sell Nifty Fut below 5980 sl 6018
Nifty Fut strong support 5944 on closing basis

Buy Aptecht Abv 137 sl 134 T 145 P
Buy Bajajhind Abv 117 sl 112 T 126 P
Buy Bhel Abv 2248 sl 2215 T 2280 P
Buy EKC Abv 106 sl 103 T 117 P
Buy Finantech Abv 937 sl 895 T 990 P
Buy HDIL Abv 211 sl 201 T 228 P
Buy Jindalsaw Abv 194 sl 190 T 206 P
Buy Maruti Abv 1440 sl 1427 T 1482 P
Buy Nagarconst Abv 144 sl 138 T 153 P
Buy OFSS Abv 2128 sl 2117 T 2156
Buy Wipro sl 418 T 442/457 P

Sell Acc Fut Bel 963 sl 977 T 947
Sell Andhrabank Bel 154 sl 159 T 149
Hold Short BankNifty Fut sl 12194 T 11917
Sell BankIndia sl 467 T 438
Hold Short Herohonda If closes below 1774 sl 1797 T 1733
Sell Optocircui Bel 279 sl 285 T 270
Sell Vijayabank sl 103 T 95

Stocks in News :
Public offers

Shipping Corp FPO price fixed at Rs 140/sh: Govt says
-Raised Rs 582 crore via Shipping Corp FPO
IPO Alert: A2Z Maintenance & Engineering Services & Ravi Kumar Distilleries Limited opens tomorrow.


Bharti, Idea say
-TRAI data exposes double standards of some telcos
-TRAI data shows several telcos inflating subscribers
-TRAI data shows some telcos have low active subscribers
-TRAI data shows only 485 million active mobile subscribers


Tata Tele:


-Exclusive: Rajeev Chandresekhar writes open letter to Ratan Tata
-Other applicants rejected, while Tata Group sold equity
-Charge of hoarding applies equally to Tata Tele
-Incumbents must pay for excess spectrum at market rates
-"Tata group hired Ex-TRAI head as consultant”
-“Ex-TRAI head architect of UASL & other shames”
-“Why does the house of Tata require outside lobbyists”
Alert: Rajeev Chandresekhar is Member of Parliament


DGCA
-Directs airlines to upload route-wise tariff on websites
-Directs airlines to maintain transparency in tariff
-Airlines asked to comply to directions by 5 pm of December 8
HCC signs two agreements with VINCI affiliates to jointly work on power and infrastructure Projects


HCC says:
-Look forward to building Jaitapur nuclear sector with VINCI
-We are 50:50 partners
-Projects be subject to bidding & winning contracts
-Future of Lavasa is good; the matter is sub judice; IPO will be announced after legal matter resolved


Other stocks and sectors that are in news today:
-ONGC set to get 10% return on Cairn Fields – ET (Govt to ensure minimum ROI to boost valuations before FPO)
-Carmakers to raise prices from January 1 – ET
-Religare close to buying Piramal’s realty fund – ET
-Manappuram General: Gold loan business crosses Rs 6,000 crore versus Rs 2556 crore on March 31st 2010
-Jyoti Structures board approves setting up a base for manufacture of lattice steel towers in USA, to invest up to USD 12 million, from time to time
-Securities in F&O ban: Core projects, kingfisher, SCI
-Sadbhav Engineering: Ex split 10:1


F&O Cues :

Total Nifty Futures up Rs 379 crore
Total Nifty Options up Rs 1,737 crore

Stock Futures add 30 lakh shares in Open Int
Nifty Fut Open Int add 2.26 lakh shares in Open Int
Nifty Fut prem at 10-pts prem versus 25-pts prem
Nifty Open Int PCR down at 1.22 from 1.26
Nifty Puts add 2.9 lakh shares in Open Int
Nifty Calls add 19.2 lakh shares in Open Int
Nifty 6000 Put adds 5.4 lakh shares in Open Int
Nifty 6100 Put adds 5.3 lakh shares in Open Int
Nifty 6300 Call adds 4.9 lakh shares in Open Int
Nifty 6000 Call adds 4.3 lakh shares in Open Int
Nifty 6200 Call adds 4.3 lakh shares in Open Int
Nifty 6100 Call adds 4.2 lakh shares in Open Int
Nifty 5800 Put sheds 5.2 lakh shares in Open Int


FIIs in F&O on Dec 06


FIIs net sell Rs 594 crore in Index Futures
Index Futures Open Int up by 14,933 contracts
FIIs net sell RS 407 crore in Index Options
Index Options Open Int down by 20, 574 contracts
FIIs net buy Rs 233 crore in Stock Futures
Stock Futures Open Int up by 6,783 contracts


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