PARASRAM's daily newsletter April 15, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

 Nifty
Open 17807.55 5323.30
High 17975.57 5373.15
Low 17619.02 5265.30
Today's Cls 17639.26 5273.60
Prev Cls 17821.96 5322.95
% Change -1.03% -0.93%
Index Performance
Index

Dow

 Nasdaq
Open 11020.70 2481.80
High 11147.14 2504.86
Low 11004.61 2480.43
Today's Cls 11123.13 2504.86
Prev Cls 11019.42 2504.86
% Change 0.94% 0.00%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
UNITECH 80.30 3.61
CAIRN 307.95 1.65
JPASSOCAITE 152.05 1.64
IDEA 68.75 1.48
SUNPHARMA 180.00 1.46

Losers

KOTAK BANK 745.00 -2.99
RELIANCE 1092.20 -2.56
ICICI BANK 920.15 -2.34
HDFC 2683.95 -2.34
ITC 262.65 -2.22
 MARKET ROUND UP (From the Research Desk)

 

Today on 15th April Market closed in red. Nifty was down 50 points and Sensex lost more than 182 points.  Nifty opened up with a gap but it could not sustain the early morning gains. Advance/decline ratio was very much in favor of bears at both NSE and BSE. Nifty Future added more than 24 lakhs shares in open interest.

 
NIFTY VIEW FOR 16-04-2010

 

Nifty has broken its first support level of 5290.Major weakness starts below 5250 on closing basis. Market is eagerly awaiting RBI Credit policy to be announced on 20th April 2010. Nifty support levels for intraday are 5250-5235-5211 and Resistance levels are 5319-5373-5400.

 

 

BANKNIFTY FUTURE: - 9450 support level has been broken. Avoid long position in Bank Nifty. Intraday support exists at 9267-9226-9186 and resistance at 9464-9577-9656.

 
TECHNICAL VIEW ON STOCKS
 

 

TRIVENI: - This stock is technically good till it stays above 132. A buy call was given on 15th April, 2010 for a target of 143-152 with stop loss below 126.

 

 

INDIA CEMENT :- This stock is technically good till it stays above 132. Buy call was given on 13th April, 2010 for a target of 143-149 with stop loss below 132.

 

 

 

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 Pending
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  Pending
15/4/2010 TRIVENI 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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