PARASRAM's daily newsletter MAY 11, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

 Nifty
Open 17,336.13 5,189.75
High 17,379.15 5,206.70
Low 17,104.45 5,126.50
Today's Cls 17,141.53 5,130.60
Prev Cls 17,330.15 5193.60
% Change -1.09% 1.11%
Index Performance
Index

Dow

 Nasdaq
Open 10,386.18 2,365.97
High 10,880.14 2,379.87
Low 10,386.18 2,349.40
Today's Cls 10,785.14 2,374.67
Prev Cls 10,380.43 2,374.67
% Change 3.90% 0.00%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
M&M 561.00 1.33
AXISBANK 1259.00 0.76
HDFCBANK 1948.05 0.72
HEROHONDA 1893.90 0.29
PNB 1018.00 0.19

Losers

IDEA 59.70 -5.24
RELINFRA 1011.65 -4.98
RCOM 146.75 -4.83
HINDALCO 168.85 -3.76
TATASTEEL 579.50 -3.65
 MARKET ROUND UP (From the Research Desk)

 

Today on 11th May Market closed in the red after the euphoria generated by the EU bail out package subsided. Advance-decline ratio was in favor of bears and almost 3 stocks declined to every single rising stock. Nifty closed down 63 points and Sensex lost 205 points.

 

 
NIFTY VIEW FOR 12-05-2010

 

Below 5126 it will once again show weakness and may retest the 200 DMA at 4971.  Nifty support levels for intraday are 5126-5086-5046 and Resistance levels are 5166-5207-5247.

 

 

 

 

BANKNIFTY FUTURE:- Intraday levels for today are support at 9572-9493-9415 and resistance levels are 9652-9729-9809.

 

 
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

Pending

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

First Target achieved

10/5/2010

Jindal steel

First 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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