PARASRAM's daily newsletter JUNE 01, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

 Nifty
Open 16942.82 5086.25
High 16942.82 5086.95
Low 16318.39 4961.05
Today's Cls 16572.03 4970.20
Prev Cls 16944.63 5086.30
% Change -2.20% -2.28%
Index Performance
Index

Dow

 Nasdaq
Open 10258.00 2275.19
High 10258.00 2277.10
Low 10095.90 2241.52
Today's Cls 10136.63 2257.04
Prev Cls 10258.99 2257.04
% Change -1.19% 0.00%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
MARUTI 1258.05 1.71
SUNPHARMA 1692.00 1.67
CIPLA 322.70 1.16
POWERGRID 104.00 0.68
ITC 284.00 0.28

Losers

JPASSOCIATE 117.60 -5.62
STER 627.15 -5.32
UNITECH 68.80 -5.23
HCL TECH 363.90 -4.83
HINDALCO 143.15 -4.73
 MARKET ROUND UP (From the Research Desk)

 

Today on 1st June our market closed in deep red. Nifty closed down 116 points and BSE Sensex lost 372 points. Advance/decline ratio was very much in favor of bears both at NSE and BSE. In NSE 959 stocks declined in comparison to 368 advancing stocks whereas in BSE 1647 stocks declined and 1177 gained.

 
NIFTY VIEW FOR 02-06-2010

 

As told earlier Nifty is weak below 5095 and further weakness will be below 5038. Nifty not only broke these levels but also closed well below 200 DMA which is currently at 5005. Nifty future maintained 25 points discount to spot nifty throughout the day. Nifty support levels for intraday are 4942-4898-4835-4788 and Resistance levels are 5024-5087-5097.

 

 

 

 

BANKNIFTY FUTURE: - Intraday levels for today are support at 8950-8804-8725-8658 and resistance levels are 9096-9145-9243.

 

 
TECHNICAL VIEW ON STOCKS

 

 

DATE

POSITIONAL STOCK

STATUS

17/3/2010

Divis Lab

Target achieved

17/3/2010

Ntpc

Target achieved

17/3/2010

Jindal Saw

First Target achieved

17/3/2010

Cipla

Target achieved

22/3/2010

Godrej

Target achieved

22/3/2010

Punjllyod

Target achieved

25/3/2010

Rpower

First Target achieved

26/3/2010

Sbin

Target achieved

26/3/2010

Areva T&D

Sl Triggered

29/3/2010

Tv 18

Target achieved

30/3/2010

Hotel leela

First Target achieved

1/4/2010

Relinfra

Target achieved

1/4/2010

Pfc

Target achieved

5/4/2010

Idbi

Target achieved

8/4/2010

Wipro

Sl Triggered

12/4/2010

Petronet

Pending

13/4/2010

India Cement

Sl Triggered

15/4/2010

Triveni

Sl Triggered

16/4/2010

Godrej Ind

First Target achieved

19/4/2010

L&T

First Target achieved

23/4/2010

Idbi

First Target achieved

4/5/2010

Punjllyod

Target achieved

10/5/2010

Jindal steel

Target achieved

 

 

Disclaimer: The information provided in the document is from publicly available data and other sources, which we believe are reliable. It also includes analysis and views expressed by our research team. The report is purely for information purposes and does not construe to be investment recommendation/advice. Investors should not solely rely on the information contained in this document and must make investment decisions based on their own investment objectives, risk profile and financial position. Efforts are made to try and ensure accuracy of data however, Shri Parasram Holdings Pvt. Ltd. and/or any of its affiliates and/or employees shall not be liable for loss or damage that may arise from any error in this document. This document is not for public distribution and should not be reproduced or redistributed without prior permission.

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