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

Sensex

 Nifty
Open 17555.04 5249.20
High 17706.56 5298.60
Low 17555.04 5249.20
Today's Cls 17692.62 5290.50
Prev Cls 17527.77 5249.10
% Change 0.94% +0.79%
Index Performance
Index

Dow

 Nasdaq
Open 10857.31 2311.68
High 10983.14 2423.43
Low 10851.57 2383.77
Today's Cls 10927.07 2402.58
Prev Cls 10856.63 2397.96
% Change +0.65% 0.19%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
TCS 808.00 3.50
JPASSOCIATE 154.65 3.41
TATASTEEL 652.60 3.25
TATAMOTORS 779.70 2.90
HDFC 270.00 2.31

Losers

HINDUNILVR 230.45 -3.80
BHARTIARTL 302.10 -3.34
MARUTI 1391.60 -1.86
IDEA 64.45 -1.60
TATAPOWER 1353.15 -1.49
 MARKET ROUND UP (From the Research Desk)

 

Today on 1st April Nifty closed 41 points up and Sensex gained more than 160 points. Advance/decline ratio was very much in favor of bulls at both NSE and BSE. In NSE 253 stocks declined in comparison to 1099 advancing stocks whereas in BSE 702 stocks declined and 2265 gained and Nifty Future added more than 18 lakhs shares in open interest.

 
NIFTY VIEW FOR 05-04-2010

 

“5242” acted as a good support in Nifty Spot as well as in Nifty Future and it gave a good bounce back from that level. Nifty is looking bullish but more confirmation if spot nifty closes above 5310. Below 5242 weakness starts. Nifty support levels for intraday are 5349-5235-5224-5199 and Resistance levels are 5298-5329-5348

 

 

 

 

BANKNIFTY FUTURE: - 9599 still remains a major resistance level and expect an upward breakout if this level is breached. Support levels for intraday are 9475-9450-9398 and Resistance levels are 9552 -9599- 9667.

 

TECHNICAL VIEW ON STOCKS

 

RELINFRA: - Good support at 1002 spot. Buy with stop loss below 1000 target 1037-1042. Positional buy call was given today (1st April, 2010) during trading hours.

 

 

PFC: - The stock has support at 254 and 250 spot levels. If these levels hold on closing basis it a good positional buy. The buy call was given on (1st April, 2010) during trading hours. Target 269-273.

 

 

HOTEL LEELA: This stock has taken good support at the level of 45. It has a target of 52-55-59. Buy with stop loss below 45. A positional buy call was given on 30th March 2010.

 

 

DATE

POSITIONAL STOCK

STATUS

17/3/2010

Divis Lab

Target achieved

17/3/2010

Ntpc

Partial Profit booked

17/3/2010

Jindal Saw

Partial Profit booked

17/3/2010

Cipla

Target achieved

22/3/2010

Godrej

Pending

22/3/2010

Punjllyod

Target achieved

25/3/2010

Rpower

Partial Profit booked

26/3/2010

Sbin

Target achieved

26/3/2010

Areva T&D

Pending

29/3/2010

Tv 18

Target achieved

30/3/2010

Hotel leela

Pending

1/4/2010

Relinfra

Pending

1/4/2010

PFC

Pending

 

 

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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