Corporate News/Announcements 18-07-08

Binani Cement to foray into realty development: Binani Cement is expected to enter into realty
development in the current fiscal. A source said Binani has proposed to develop 56 acre it owns in Thane
into an IT park. The group plans to develop the land with a joint venture partner and is learnt to be looking at
a few options in this regard, said the source.
India on Novartis’ radar for prospecting bio-resources: Swiss drug-major Novartis AG is looking at
bio-diverse resources around the world towards developing medicines from natural sources, and India
features on this plan.
BGR Energy wins Rs 5,023-cr contract from Rajasthan Vidyut: Chennai-based BGR Energy Ltd on
Wednesday announced that it has won aRs 5,023-crore contract from RajasthanVidyut Utpadan Nigam Ltd
— the electricity generation company of Rajasthan’s electricity Board.The ‘engineering, procurement,
construction’ contract is for putting up the 2x600 MW Kalisindh Thermal Power Project at Jhalawar,
Rajasthan (near Kota). The scope of the contract includes design, engineering, supply of boiler, turbine and
generator and ‘balance of plant’.With this order,BGREnergy’s order book swells to Rs 11,000 crore.
Nagarjuna Construction to invest up to Rs 500 cr in airports, ports: Nagarjuna Construction Company
Ltd plans to invest up to Rs 500 crore in the next three years in creating port and airport infrastructure in the
country. The company will focus on creating support infrastructure that will attract other industries. It has
been pre-qualified for the proposed Udaipur airport in Rajasthan.

NSE Today 18-07-08

4001 a nearest crucial hurdle for NIFTY

Nifty: (3947) Expect it to surge up to 3881 & 4001 initially. Consider 4001 a crucial resistance. Crossover above 4001 it'll surge up to 4050 & 4130.
Downward side 3920 a nearest & 3879 a crucial support, keep stop loss of 3879 to your buys.
Break below 3879 it'll turn weak for the day & fall down to 3848 & 3760. Buy on extreme lower levels keeping stop loss of 3760.

BSE index: (13112) Consider 12997 a nearest & 12844 a solid support, keep stop loss of 12802 to your buys on declines.
Upward side it'll rush up to 13196 & 13230 initially. Crossover above 13230 it'll surge up further to 13357 & 13560 to 13616.
Downward side break below 12802 it'll turn bit weak & fall down to 12654 & 12537. Buy on declines keeping stop loss of 12500.


*OIL $130
*DOW +207
*Nikki +48
*Ftse 135
*Nasdaq +27
* Positive opening expected.
* we are stil holding 3700 put