Friday, May 15, 2009

Corporate News

NTPC signs a loan agreement with SBI for Rs85bn for funding a basket of projects (BS)

BHEL wins an order worth Rs14.75bn for a 600MW thermal power plant in Chattisgarh (ET)

Cairn India is open to buying ONGC's 30% stake in its oil block in Rajasthan (BS)

ONGC could report a drop in profit for 2008-09 with Government planning to ask the company to shell-out more cash to make-up for the losses of fuel retailers (ET)

HDFC to reduce deposit rates (ET)

HPCL may post a net loss of Rs4-5bn in FY09 (ET)

IOC signs term loan pact for Paradip project (BL)

Tata Power moves to Supreme Court challenging Government's decision that allowed Reliance Power to divert surplus coal from the Sasan power project (BL)

ONGC may cancel Rs10bn order which it had placed with Great Offshore three years ago for a rig (ET)

AB Nuvo to shut down ammonia and urea plant operations at Jagdishpur due to sudden breakdown (FE)

Axis Bank cuts PLR by 50 bps to 14.75% wef May 15th (FE)

PowerGrid to raise up to Rs30bn through issue of bonds by August 2009 (ET)

Eveready to acquire a French company for Rs600mn (ET)

Chettinad Cement to expand capacity at its Tamil Nadu unit (BL)

Shiv-vani Oil may miss deadline for supplying rigs to ONGC (BL)

Source: Indiainfoline.com

Intraday Trading Calls for 15th May

Stock Market India may open flat to positive but remains very volatile throughout the day today.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

IRB INFRA

Buy Above

110.60

114.80

120.00

Sell Below

108.50

104.15

100.00

GMR INFRA

Buy Above

113.20

115.75

120.00

Sell Below

111.40

107.55

102.00

ADLABS

Buy Above

242.60

248.75

255.00

Sell Below

238.20

232.45

225.00

TATA STEEL

Buy Above

267.55

273.55

280.00

Sell Below

263.20

257.35

250.00

KALINDI RAIL NIRMAN

Buy Above

110.25

114.75

120.00

Sell Below

108.35

104.15

100.00

BLUE STAR

(500067)

Buy Above

190.10

195.20

202.00

Sell Below

187.35

183.45

178.00

VIDEOCON INDUSTRIES

Buy Above

113.75

118.20

124.00

Sell Below

111.40

107.65

102.00

Short Term Delivery Buy:

Buy EKC (532684) CMP Rs. 141/- Very Short Term Target Rs. 180/-

GOOD LUCK

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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