Buy Tata Steel; target of Rs 546: IIFL

IIFL is bullish on Tata Steel and has recommended buy rating on the stock with a target of Rs 546, in its August 31, 2010 research report.

"Tata Steel has bounced back strongly after testing a low of Rs 493 last week. The falling resistance line also corresponds to short term breakout levels at Rs 520, above which stock is likely to test its 200-DMA (Rs565). Positive crossover in RSI also support buying argument after breakout is confirmed on price chart. The other momentum oscillators also suggest strength in the counter. Based on the above observations, we recommend traders to buy the stock between 525-529 with stop loss of Rs 519 for target of Rs 546. Traders are advised to build fresh long positions on a successful close above its 100-DMA, i.e. Rs 534,” says IIFL research report.

Intraday Buy Tips 31-Aug-10

NSE Equity code	Buy Above	Target (1)	Target (2)	Stop Loss
POWERGRID	107.80	110.60	112.30	106.10

Intraday Sale Tips 31-Aug-10

NSE Equity code	Sale Below	Target (1)	Target (2)	Stop Loss
JYOTISTRUC	138.90 1	134.10	129.25	141.90
GEOMETRIC	67.00	64.80	62.55	68.40
PURVA	110.40	107.70	104.40	112.30
BAJAJHIND	114.80	112.10	109.00	116.40
INDIABULLS	140.60	137.40	133.30	142.80
TRIVENI	97.10	95.10	92.50	98.40
TATAMETALI	138.10	135.30	132.00	139.60
IVRCLINFRA	156.40	153.30	148.95	158.70

Intraday Sale Tips 30th august

NSE Equity code	Sale Below	Target (1)	Target (2)	Stop Loss
TVTODAY	87.40	83.20	79.65	89.80
ESSAROIL	129.70	123.50	118.45	133.00
HCC	60.90	58.80	56.75	62.20
PSL	126.30	122.60	119.05	128.20
STRTECH	99.30	96.70	93.65	101.10
SHAKTISUG	50.80	49.60	48.40	51.40
UNITECH	78.10	76.30	74.35	79.00
RENUKA	65.50	64.00	62.10	66.60
DCHL	127.90	125.20	121.75	129.60

Gold recovers marginally on firm global cues

Gold recovered marginally by Rs 5 to Rs 19,145 per ten grams in the national capital today on emergence of buying by stockists and jewellers triggered by a firm global trend.

Silver also rebounded by Rs 135 to Rs 30,535 per kg on fresh buying by industrial units and coins manufacturers.

Buying activity in gold picked up as metal prices rose in global markets, on speculation that the dollar will weaken, boosting the appeal of the precious metal as an alternative asset.

Gold in global markets, which normally sets a price trend on the domestic front, rose by 20 cents to settle at USD 1,237.90 an ounce on the Comex in New York. The precious metal gained 0.7 per cent this week.

Stockists and jewellers purchased the metal for the festival season, after the prices fell in the previous session, they said.

Gold of 99.9 per cent and gold of 99.5 per cent purity recovered by Rs 5 each to Rs 19,145 and Rs 19,045 per ten grams, respectively. They had lost Rs 60 each in the previous session.

However, sovereign, continued to trade around their previous level of Rs 14,900 per piece of eight gram.

In line with a general trend, silver ready rebounded by Rs 135 to Rs 30,535 per kg and weekly-based delivery by Rs 155 to Rs 30,390 per kg. Silver coins also gained Rs 100 to Rs 34,800 for buying and Rs 34,900 for selling of 100 pieces.

Indian ADRs: Wipro, Tata Comm, Tata Motors up

Indian ADRs ended higher yesterday. In the telecom pack, Tata Comm was up 3.87% at $14.5 and MTNL was up 0.75% at $2.68. In the banking space, ICICI Bank was up 0.36% at $41.54 and HDFC Bank was up 1.76% at $162.47.

In the IT space, Wipro was up 4.14% at $13.08, Satyam was unchanged at $4.5, while Infosys was down 0.48% at $58.01 and Patni was down 2.74% at $19.91.

In the other space, Dr Reddys was up 1.24% at $28.62, Sterlite was up 2.34% at $13.13 and Tata Motors was up 2.32% at $22.08.

Nifty trades with modest losses on global cues; IT slips

The benchmark Nifty has started the session on a flat note with a negative bias. Weak global cues and fall in technology, telecom, financial & cement companies' shares weighed on markets.

At 9:01 hours IST, the Nifty was trading at 5465, down 12 points and the Sensex was at 18199, down 26 points. However, the CNX Midcap rose 18 points to 8847; about 476 shares advanced while 273 shares declined on NSE.

Among the frontliners, Infosys (down 2.7% as yesterday CNBC-TV18 learns that BT is likely to cut FY11 global IT budgets by 50%), Ambuja Cements, PNB, Sun Pharma, M&M, Bharti, ICICI Bank, TCS, Idea, HCL Tech, Wipro and SBI were witnessing selling pressure.

However, GAIL (up 3%), Reliance Power, JSPL, HDFC, IDFC, Reliance Communications and Suzlon Energy were gainers in early trade.

Midcap & Smallcap space:

Kamat Hotels shot up 10%; Clearwater will acquire 33% stake in company, concerted USD 5.6 million FCCB at Rs 135/share and will convert further USD 12.4 million in a year. This deal will trigger open offer.

Jindal Poly was up 4.7% and Essar Shipping up 3%.

Jet Airways gained 3% as it has sought RBI approval to raise USD 750 million via ECBs. The company will finalise JV with Godrej Properties in 1-2 months and will dilute 20% equity

Godrej Properties gained 1.3%, as it has plans Rs 1000 crore QIP issue in FY11.

Eicher Motors was up 4.5%.

However, J&K Bank lost 6%
Prakash Steelage declined 2.63% and Punj Lloyd was down 0.9%.

Intraday Sale Tips 27-Aug-10

FREE CALLS CLICK HERE!!!

NSE Equity code	Sale Below	Target (1)	Target (2)	Stop Loss
TATAELXSI	251.80	243.70	235.90	256.30
ABGSHIP	236.90	232.20	226.40	239.60
TULIP	172.20	169.10	164.85	174.20

Intraday Buy Tips 27-Aug-10

FREE CALLS CLICK HERE!!!

NSE Equity code	Buy Above	Target (1)	Target (2)	Stop Loss
TV-18	89.20	90.75	91.80	88.20

Intraday Sale Tips 26-Aug-10

FREE INTRADAY CALLS!!!

NSE Equity code	Sale Below	Target (1)	Target (2)	Stop Loss
JAYSREE TEA	150.90	146.20	141.35	153.80
CARBORUNIV	209.20	203.80	197.80	212.40
KSOILS	51.60	50.50	49.10	52.30
HCC	62.00	60.80	59.35	62.60
TVTODAY	86.10	84.50	82.20	87.30
TATAAELXSI	248.40	243.80	237.70	251.30

GLOBAL MARKET NEWS

Global News

Japan’s export growth slowed for a fifth month in July, adding
to risks in an economy already under threat by the yen’s surge to a 15-
year high against the dollar.

Ireland’s long-term sovereign credit rating was cut one step
to AA- by Standard & Poor’s on concern about the rising cost of
supporting the country’s struggling banks.

Asian stocks declined for a second day as a record plunge in
U.S. home sales and slowing export growth in Japan added to evidence a
global economic recovery is weakening.

Corporate India News

GTL Infrastructure Ltd. and Reliance Communications Ltd.’s
tower unit will convert around 60 billion rupees ($1.3 billion) of
loans from promoters into equity and issue fresh shares worth $1
billion to investors to create a combined tower entity.

Ansal Properties & Infrastructure Ltd. may raise as much as 4
billion rupees ($85 million) through a placement of shares with
institutional investors.

Muthoot Finance Ltd. raised 430 million rupees from Kotak
India Private Equity Fund.

Prakash Steelage Ltd. will make its listing debut on the
bourses. The company raised 687.5 million rupees selling 6.25 million
shares for 100 rupees to 110 rupees each in its initial public
offering.

RPower may invest $5bn in Indonesia
Impact: Positive

Religare Enterprises promoters Malvinder Mohan Singh and
Shivinder Mohan Singh would infuse Rs 857 crore to hike their stake
by 8 per cent which would trigger an open offer.
Impact: Positive

Cairn Energy finds gas in Greenland
Impact: Positive

INDIA'S MINISTRY REJECTS VEDANTA'S PROPOSAL FOR ORISSA MINING
Impact: Negative

Piramal Healthcare may a special dividend of Rs. 75/share.
Impact: Positive

Silver looks positive

Buy Jk tyre and Ind with s/L Rs 181 target Rs 186,188
Buy Radico Khaitan (150.05) s/L 148 target 152,155

Commodity and Forex: Silver looks positive.

Stocks to buy today

Short Jet Airways ; target Rs 771
Buy Allied Digital Services; target Rs 245
Buy Talbros Automotive Components; target Rs 78.50
Buy SRF; target Rs 288

Mukand
-Co plans to sell 60 acre land near Thane
-Sale of land for Rs 600 cr
-Current mkt cap of co around Rs 560 cr
-Plans to reduce debt to boost bottomline
-FY11 EPS seen at Rs 14
-Medium term target at Rs 100

Natco Pharma
-Mkt cap of co around Rs 600-700 cr
-Owns 300 acre of land near Hyderabad airport
-Entered into JV with Mylan for oncology pdt
-Promoters say not looking to dilute stake
-Target of `600 over next 6-8 mnths

Gitanjali Gems
-Stk available at deep discount to mkt leader Titan
-Forayed into all biz areas where Titan is present
-Brands: Gili, Asmi, D'damas, Nakshatra
-4 brands valued at Rs 1500 cr
-Limited downside on the stock

Panacea Biotec
-Bagged orders from UNICEF worth over $300 m
-Only 2 competitors in polio vaccine biz in India
-More orders expected from UNICEF going fwd
-Recently concluded buyback on the stock
-FY11 EPS seen at over Rs 18-20
-Long term target of Rs 250-300

Tata Global Beverage
-Steady play on improving tea prices
-Tie up with Pepsi for health beverages
-Substantial presence in export markets
-Higher tea prices will lead to higher profits & margins
-Significant upside from the coffee business
-Long term target seen at `150

Shree Renuka Sugars
-Brazilian acqn helped to even out sugar cycle
-Expect positive news in sugar industry
-Domestic & intl sugar prices may harden
-Long term target seen at `100

United Breweries
-Posted strong Q1 earnings
-Planned invst of over `600 cr in mfg biz
-Debt mitigation led to reduction in int cost
-May post 20-25% vol growth YoY, for 3 yrs

Opto Circuits India
-Improved biz model with global acqns
-Expect over 25% growth in topline
-Recent US acqn to improve outlook

FIIs net buy $153.3 mn in equities

US markets weak on disappointing home sales data.

FIIs were net buyers of USD 153.3 million in equities on August 23

NSE F&O Open Int up Rs 2112 crore at Rs 1.96 lakh crore

As per provisional data of August 24, FIIs were net buyers of Rs 191 crore; DIIs were net sellers of Rs 690 crore in cash markets. FIIs were net buyers of Rs 1470 crore in F&O.

Bajra slips on reduced offtake

Bajra prices declined by Rs 10 a quintal in lacklustre trade on the wholesale grains market on Monday due to reduced industrial offtake.

Elsewhere, other grains moved in a tight range in the absence of worthwhile buying activity and pegged around previous levels.

Traders said fall in industrial demand against adequate stocks position led to fall in wholesale bajra. Bajra prices fell by Rs 10 to Rs 940-950 a quintal.

Following are today’s quotations in Rs a quintal: Wheat MP (deshi) 1,700-1,800, wheat dara (for mills) 1,230-1,235 chakki atta (delivery) 1,235-1,240, atta Rajdhani (10 kg) 175, Shakti bhog (10 kg) 175, Roller flour mill 650-670 (50 kg), Maida 765-795 (5 0 kilos) and Sooji 890-910 (50 kg).

Basmati rice (Lal Quila) 9,300, Shri Lal Mahal 9,300, Super basmati rice 9,000, Basmati common 5,400-5,500, rice Pusa-(1121) 4,300-4,800, Permal raw 1,875-1,925, Permal wand 1,950-2,100, Sela 2,175-2,225 and Rice IR-8-1,700-1,725, Bajra 940-0950, Jowar y ellow 1,300-1,400, white 2,350-2,400, Maize 1,040-1,050, Barley (UP) 1,080-1,100 and Rajasthan 1,080-1,090.

Rupee to trade on mixed note

"Asian equity market opened on mixed note tracking weak US economy and Europe debt concern. Moreover, Japan indices shows weak sentiment due to Yen strengthened issue. This could instill volatility in the market. The domestic indices would gain if further capital inflow surged into the market. Moreover, in last two month domestic indices tracked the global stock market but still many days it moved against global factor. The dollar index is currently trading at 82.939 down by 0.12%. Moreover, expectation of economic data releases from Europe also lower than previous one which would help greenback to strengthen during European hours. Thus, rupee may open on appreciate note but later it may erase it gains. Overall, it is been expected that rupee to trade on mixed note and closing would be on depreciating note still the dollar index and domestic indices provide further cues to investors."

Intraday Sale Tips for 23-Aug-10

NSE Equity code	Sale Below	Target (1)	Target (2)	Stop Loss
KOHINOOR	51.80	49.60	47.60	53.10

Intraday Buy Tips for 23-Aug-10

NSE Equity code	Buy Above	Target (1)	Target (2)	Stop Loss
APOLLOTYRE	70.60	73.70	75.60	68.70
ENIL	239.00	245.80	250.30	234.50
MUKTAARTS	55.90	57.45	58.30	55.10
COSMOFILMS	131.70	135.15	137.35	129.50
EXIDEIND	146.00	149.70	151.70	144.00

Sensex falls as US data worries global markets

The Bombay Stock Exchange (BSE) benchmark Sensex fell on Friday, a day after scaling 30-month highs, as fresh US data deepened fears about the health of the world’s largest economy and depressed global markets.

The decline was led by the top three software outsourcers who earn more than half their revenue from the United States.

By 10:50 am, the BSE 30-share index Sensex was trading down 0.2% at 18,419.49, with 20 of its components declining.

“The US data has spooked the markets, yes, but not that much. Today it might languish a little, depending on Europe. But It seems breather as a positive.

US stocks tumbled to their lowest close in nearly a month as the Federal Reserve Bank of Philadelphia reported an unexpected contraction in manufacturing in the Mid-Atlantic region and new US jobless claims hit a nine-month high.

The Sensex, which has gained over 5% so far this year, has risen in the last three sessions propped by a robust domestic growth outlook and foreign funds buying shares, which totals $11.8 billion so far.

India’s economy, Asia’s third-largest, is forecast to expand 8.5% this year, the fastest pace among major economies after China. The growth is expected to drive consumer spending and demand for loans.

“Despite valuations being stretched, thereis not seen serious selling coming in,” “There will be a short-term impact but a strong outlook for India’s growth should see the market charting its own course.”

India’s No. 1 technology firm, Tata Consultancy Services, fell 0.3%, Infosys Technologies Ltd slipped 1.5% while Wipro was down 1%.

Bank counters, which had seen positive momentum in the past few sessions on a firm demand outlook, also took a breather in select stocks. India’s No. 2 lender, ICICI Bank, was down 1% while HDFC Bank dipped 0.9%.

However, top lender State Bank of India was up 0.2%.

Jet Airways also bucked the trend to rise 6.7% to a 12-month high after the Economic Times said the airline had sought Reserve Bank of India approval to raise a Rs3,450 crore ($742 million) foreign loan to repay higher-cost domestic debt.

In the broader market, gainers outnumbered losers in a ratio of 1.2:1 on volume of 138.3 million shares.

Elsewhere, the MSCI’s measure of Asian markets other than Japan was down over 0.8%, while Japan’s Nikkei fell 1.8%.

The NSE 50-share index Nifty was down 0.2% at 5,528.95 points.

Mkts likely to remain rangebound in near-term: IIFL

The Nifty has seen neither significant upgrades nor downgrades after the earnings season. Market valuations are reasonable and markets are likely to remain rangebound in the near-term. We continue to prefer domestic consumption, cyclicals over global cyclicals like commodities. Our top large cap buys are SBI, Dr Reddy's, ITC & Infosys.

Intraday Buy Tips 20-Aug-10

FREE INTRADAY CALLS!!!

NSE Equity code	Buy above	Target (1)	Target (2)	Stop Loss
INDIACEM	108.80	114.00	117.15	105.70
ELGIEQUIP	134.10	138.70	141.50	131.30
PRISMCEM	55.40	56.95	57.90	54.50
DCHL	137.50	140.75	142.85	135.40

Intraday Sale Tips for 19-Aug-10

NSE Equity code	Sale below	Target (1)	Target (2)	Stop Loss
MOTILALOFS	159.50	156.30	151.75	162.00
SAKHTISUG	52.60	51.60	50.40	53.10

Intraday Buy Tips for 19-Aug-10

NSE Equity code	Buy above	Target (1)	Target (2)	Stop Loss
APOLLOTYRE	68.10	70.30	71.60	66.80
UNIPHOS 194.90	194.90	200.85	204.30	191.50
HINDALCO	174.00	179.25	182.25	171.00
GMRINFRA	61.90	63.70	64.80	60.80
INDUSINDBK	225.40	231.60	235.20	221.80
MLL	52.90	54.25	54.95	52.20

Crude oil trades at around USD 75.35/bbl

* CRB Index edged lower, choppy dollar largely ignored
* ended above USD 1230 an ounce on physical buying, weak dollar
* Silver & platinum were down on broader uncertainty
* oil ended lower, but trimmed losses as equities rise; it is currently trading at USD 75.35 a barrel.
* EIA report differed with API's, shows inventory loss
* mortgage applications boosted consumer demand outlook

It is Advised to:

* Buy gold MCX October contract at Rs 18,580-18,600 per 10 grams, with a target of Rs 18,750 and keep a stoploss at Rs 18,480
* Buy nickel MCX August contract at Rs 1,005-1,010 per kg, with a target of Rs Rs 1,038 and keep a stoploss at Rs 988
* Buy crude MCX August contract at Rs 3,460-3,470 per barrel, with a target of Rs 3,550 and keep a stoploss at Rs 3,420

F&O cues: Futures Open Int up Rs 2320 crore

Futures Open Int up by Rs 2320 crore.

Options Open Int up by Rs 1598 crore

NIfty Fut shed 2.16 lakh in Open Int in August

NIfty Futures add 9.6 lakh shares in Open Int in Sep

NIfty Futures at 5 pts prem versus 10.8 pts prem

NIfty Int PCR at 1.57 versus 1.45

NIfty add 46.5 lakh shares in Open Int

NIfty Calls shed 24 lakh shares in Open Int

NIfty Aug 5500 Put adds 13.5 lakh shares in Open Int

NIfty Sep 5400 Put adds 9.15 lakh shares in Open Int

NIfty 5400 Put adds 7 lakh shares in Open Int

NIfty 5300 Put adds 5.25 lakh shares in Open Int

NIfty Aug 5500 Call sheds 18.7 lkh shrs in Open Int.

NIfty Aug 5400 Call sheds 17 lk shrs in Open Int

Stock Futures add 4.55 cr shares in Open Int

FIIs in F&O on August 18

Net buy Rs 517 crore in NIfty Futures

Net buy Rs 135 crore in NIfty Options

Net buy Rs 194 crore in Stock Futures

Market cues: FIIs net buy $110.5 mn on Aug 17

FIIs were net buyers of USD 110.5 million on August 17.

MFs were net sellers of Rs 170 crore on August 17

NSE F&O Open Int ws up by Rs 3918 crore at Rs 1.78 lakh crore

As per provisional data of August 18, FIIs were net buyers of Rs 674.5 crore; DIIs were net sellers of Rs 113.5 crore in cash markets. FIIs were net buyers of Rs 814 cr in F&O.

Intraday Sale Tips for 18-Aug-10

FREE INTRADAY CaLLS!!!

NSE Equity code	Sale below	Target (1)	Target (2)	Stop Loss
INDIAGLYCO	124.10	121.70	118.60	125.60
FDC	83.80	82.30	80.30	84.70
MOTILALOFS	159.80	157.00	152.85	161.80
SUZLON	51.70	50.90	49.75	52.1

Intraday Buy Tips for 18-Aug-10

FREE INTRADAY CaLLS!!!

NSE Equity code	Buy above	Target (1)	Target (2)	Stop Loss
ELECTCAST	52.50	54.45	55.65	51.30
FORTIS	159.70	165.15	168.35	156.50
ASAHIINDIA	81.30	83.90	85.50	79.70
IDBI	127.70	131.10	133.15	125.70
UTTAMSTL	130.70	133.90	135.90	128.70
DENABANK	106.50	108.95	110.60	104.90

Sensex off highs; Sterlite, ONGC, Tata Steel down.

“Nifty has managed to close a shad above 21 daily exponential moving averages at 5415 which is now a key trigger point on a closing basis for the market direction. The momentum oscillators MACD and RSI have rolled bearish on the hourly chart and continue to do the same on the daily chart.

Market continues to be in a flux and unable to find a direction for itself. The trading range for the Nifty is at 5350 to 5530. In a scenario where market internals are weakening and price is holding up, a breakdown is imminent and hence it is advisable to be adequately protected,” said Edelweiss report.

At 11:18 am; Bombay Stock Exchange’s Sensex was at 18071.45, up 20.67 points or 0.11 per cent. The index touched a high of 18140.15 and low of 18049.19 in trade so far.

National Stock Exchange’s Nifty was at 5420.50, up 2.2 points or 0.04 per cent. The index touched intraday high of 5443.55 and low of 5418.30.

BSE Midcap Index was up 0.50 per cent and BSE Smallcap Index moved 0.56 per cent higher.

Amongst the sectoral indices, BSE Bankex was up 0.78 per cent, BSE FMCG Index gained 0.40 per cent and BSE Capital Goods Index advanced 0.35 per cent.

HDFC (1%), ACC (0.94%), HDFC Bank (0.86%), ITC (0.79%) and Hindalco Industries (0.73%) were amongst the top Sensex gainers.

Losers included Sterlite Industries (-1.96%), ONGC (-1.07%), Tata Steel (-0.93%), Infosys Technologies (-0.72%) and Reliance Infrastructure (-0.64%).

Market breadth was positive on the BSE with 1543 gainers against 1118 losers.

Asian markets continued to remain mixed. Shanghai Composite was up 0.08 per cent and Seoul Composite moved 0.76 per cent higher. Nikkei 225 was down 0.25 per cent and Strait Times slipped 0.16 per cent lower.

Intraday Sale Tips for 17-Aug-10

NSE Equity code	Sale below	Target (1)	Target (2)	Stop Loss
HERITGFOOD	171.90	167.20	161.90	175.00
STER	161.60	158.80	154.90	163.40

Intraday Buy Tips for 17-Aug-10

NSE Equity code	Buy above	Target (1)	Target (2)	Stop Loss
UTTAMSTL	128.00	131.75	134.15	125.60
ANDHRABANK	155.80	160.10	162.80	153.10
SYNDIBANK	110.90	113.50	115.05	109.40
HSIL	131.60	133.90	135.10	130.40
DENABANK	103.20	104.90	105.85	102.30

Market News

HAPPY INDEPENDENCE DAY!!!

Global Key Events

* More Americans unexpectedly filed applications for unemployment insurance last week. Initial jobless claims rose by 2,000 to 4,84,000 in the week ended Aug. 7.
* The trade deficit in the US unexpectedly widened in June to the highest level since October 2008 as consumer goods imports rose to a record and exports declined. The gap expanded USD 7.9 bn, the most since record-keeping began in 1992, to USD 49.9 bn in June.
* The UK’s trade deficit narrowed more than forecast in June as exports rose to a two- year high. The goods-trade gap shrank to GBP 7.4 bn from GBP 8 bn in May. Exports jumped 4.3% to the highest since June 2008, and imports rose 1%.
* European industrial production unexpectedly declined in June, led by a drop in durable consumer goods. Output in the economy of the 16 nation’s euro region dropped 0.1% from May, when it increased 1.1%.
* German exports rose more than economists forecast in June as the global recovery helped bolster an export-led expansion in Europe’s largest economy. Sales abroad, adjusted for working days and seasonal changes, rose 3.8% from May, when they increased a revised 7.9%.
* China’s industrial output rose the least in 11 months, retail sales growth eased and new loans climbed less than estimated, adding to signs that a slowdown is deepening. Production rose 13.4% in July from a year earlier, the statistics bureau said. Retail sales grew an annual 17.9% in July.
* China was a net buyer of Japanese bonds for a sixth straight month in June which is the biggest annual increase on record dating from 2005, according to a report released today by the ministry of finance in Tokyo. China purchased a net 456.4 billion yen of Japanese debt in June, which followed a net buy of 735.2 billion yen in May.
* Japan’s current-account surplus unexpectedly shrank for a second month in June as export growth cooled in a sign the recovery in the world’s second- largest economy is losing momentum. The gap narrowed 18% to Yen 1.047 tn from a year earlier.


Domestic Key Events

* The Centre’s indirect tax collections grew a strong 46.2% in the first four months of the current fiscal from a year ago, pointing at a pick up in economic activity in July after industrial production growth in June came in below expectation.The total indirect tax mop for April-July was Rs 96,223 crore, driven largely by customs collections, which grew over 70% in this period to Rs 41,545 crore.
* Govt will impose a 10% import tax on power equipment for big projects within weeks to help level the playing field between domestic and foreign firms jostling in what may soon be the world's biggest market. The tax would reverse a policy of zero import duty on equipment for mega projects introduced to meet India's urgent capacity shortages.
* Government agreed to allow import of Chinese-made telecom equipment by leading telecom operators in India. The decision was taken after Prime Minister's Office (PMO) level talks. By this new instruction the department of telecommunications (DoT) will allow leading operators to import equipments, which have been stuck for over eight months and were menacing the launch of 3G services.
* Food inflation rose to 11.4% for the week ended July 31. On an annual basis, cereals turned expensive by 6.97%. Within this group, prices of pulses soared by over 20% while rice and wheat increased by 6.89% and 7.93%, respectively.
* India has allowed export of 1,50,000 tonnes to 2,00,000 tonnes of sugar that was imported by millers but could not be shifted out of the port due to a shortage of railway wagons. Indian millers had asked the government to allow exports of about 7,50,000 tonnes of imported sugar, which has piled up at a key port due to a shortage of railway wagons.
* Growth in industrial production slipped to its slowest pace in 13 months, whereas food price inflation shot through the double digit mark yet again. IIP for the month of June to be only 7.1% higher than its level a year ago, way below the May growth rate of 11.3% and lower than markets expectation.
* State-owned BHEL is in the process of setting up new manufacturing plants at Pudukottai in Tamil Nadu for which it would invest Rs 293 crore and another at Jagdishpur in Uttar Pradesh at an investment of Rs 230 crore.

Intraday Sale Tips for 16-Aug-10

FREE CaLLS!!!

NSE Equity code	Sale below	Target (1)	Target (2)	Stop Loss
FDC	83.50	81.70	79.55	84.60
TVTODAY	88.40	86.60	84.50	89.40
RCOM	169.60	167.10	163.15	171.30

Intraday Buy Tips for 16-Aug-10

FREE BUY TIPS CLICK HERE!!!

NSE Equity code	Buy above	Target (1)	Target (2)	Stop Loss
CANFINHOME	163.60	171.30	176.40	158.50
ANDHRABANK	150.90	153.80	155.75	149.00
JAYSREETEA	164.00	167.00	168.70	162.30
ORCHIDCHEM	194.80	198.35	200.60	192.60

Day Trading Tips for NIFTY CALL/PUT

NIFTY - CE - 5400.00 (26-Aug-2010)

Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	75.1	68.2	86.4	98.2	116.4
NIFTY - CE - 5500.00 (26-Aug-2010)
Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	27.5	24.3	33.3	39.3	48.3
NIFTY - PE - 5400.00 (26-Aug-2010)
Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	65.6	65.2	78.8	99	112.6
NIFTY - PE - 5300.00 (26-Aug-2010)
Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	35.9	35.7	44.1	56.8	65.2