Markets For 15/07/2009

Results In US Markets Of GOLDMAN , JPMORGAN , CITI , DELL & GOOGLE Are Estimated To Be Positive.

NIFTY (4111.4)

Resistance : 4145 / 4170 / / 4210 / 4235

Support : 4070 / 4015 / 3960 / 3920

SENSEX (13854)

Resistance : 13935 / 14040 / 14160 / 14225

Support : 13650/ 13535 / 13320 / 13215

NIFTY FUT (4113) : 4145/65 Is An Important Resistance Levels To Watch.

Resistance : 4160 / 4205 / 4275

Support : 4040 / 3975 / 3925

MKT COMMENTS

NIFTY FUT OI flat with 5% increasing volumes indicating not only short covering plus forming of long positions for BTST.

We expect NIFTY FUT to trade volatile.

On Wednesday,Opening Is Flat To Up,

Buy NIFTY Above 4095,Sl 4075,Tgt 4125/45/75/4220

Sell NIFTY Below 4070,Sl 4090,Tgt 4040/10 /3960/15

BUY

JPASS,Sl 189,Tgt 195/200/205

SESAGOA,Sl 190,Tgt 200/05/10

POWERGRID,Sl 100,Tgt 110

TATAMOTOR,Tgt 300/05

DISHTV Above 32,Sl 29,Tgt 36/38/40

STERBIO Above 100,Sl 95,Tgt 110/15/20

SBIN (1583),Sl Below 1565,Tgt 1595/1605/15

MCLEOD Above 125,Sl 120

ITC Above 215,Sl 210,Tgt 220/25/30

BOB

Buy Above 395,Sl 390,Tgt 400/05/10

Sell Below 390,Sl 395,Tgt 385/80/75

SINTEX

Buy Above 185,Sl 180,Tgt 190/95

Sell Below 180,Sl 185,Tgt 175/70

L&T

Buy Above 1375,Sl 1365,Tgt 1385/95/1405/15

Sell Below 1360,Sl 1370,Tgt 1350/40/30/20

ONGC

Buy Above 1005,Sl 995,Tgt 1015/25/35

Sell Below 995,Sl 1005,Tgt 985/75/65

M&M

Buy Above 710,Sl 700,Tgt 720/25/30

Sell Below 700,Sl 710,Tgt 690/85/80

SIEMENS

Buy Above 400,Sl 395,Tgt 405/10/15/25

Sell Below 395,Sl 400,Tgt 390/85/80/75

FUTURES

Sell BHEL (2047)@ 2080/90,Sl 2110,Tgt 2065/55/45/35

Sell RELINFRA (1054)@ 1080/90,Sl 1100,Tgt 1060/50/40/30

BAJAJ HINDUSTAN :-Bajaj Hindusthan has announced that the net proceeds from issue of 3,54,50,000 equity shares of the face value of Re 1 each at a price of Rs 204/- per share to QIBs under the recent QIP accomplished by the Company have been utilized in full for repayment / prepayment of working capital in accordance with the terms of the issue, resulting into reduction in the indebtedness of the Company by approx Rs 710 crore.

HDFC BANK :- The Bank has posted a net profit of Rs 6061.10 million for the quarter ended June 30, 2009 as compared to Rs 4643.50 million for the quarter ended June 30, 2008. Total Income has increased from Rs 42151.50 million for the quarter ended June 30, 2008 to Rs 51367.50 million for the quarter ended June 30, 2009.

SINTEX INDS :- The Group has posted a net profit of Rs 605.887 million for the quarter ended June 30, 2009 as compared to Rs 564.771 million for the quarter ended June 30, 2008. Total Income has decreased from Rs 7528.536 million for the quarter ended June 30, 2008 to Rs 6982.848 million for the quarter ended June 30, 2009.

ABB :- ABB has won orders worth Rs 1410 million from Maharashtra State Electricity Transmission Company (MSETCL) for substations to help improve the efficiency and reliability of the state's network. The 220kv and 132kV substations will be located in the Nashik, Amravati and Nagpur zones of the western Indiain state of Maharashtra, and are an integral part of MSETCL's efforts to reduce transmission and distribution losses.

ABAN OFFSHORE :- Aban Offshore has announced that the equity shares originally issued by the erstwhile M/s. Hitech Drilling Services India Limited (Hitech) for which the final call notice was made on 28.09.1991. Hitech was subsequently merged with Aban Offshore Ltd. (formerly Aban Loyd Chiles Offshore Ltd.) (Aban) and 2 equity shares of Rs 10/- each of which Rs 5/- per share was paid-up were Issued for every 5 partly paid up equity shares held in Hitech. Subsequently each equity share of the face value of Rs 10/- per share was split into 5 shares of Rs 2/- per share. The Partly paid equity shares of Rs 10/- each in which Rs 5/- per share were paid up were consequently split into 5 Partly paid up equity shares of Rs 2/- per share of which Re 1/- per share was paid up. The members holding partly paid shares in Aban be and are hereby advised to pay the balance amount of Re 1/- per share towards face value and interest @18% p.a from 5.11.1991 as per the Final call Notice dated 28.09.1991 issued by Hitech.