PARASRAM's daily newsletter April 16, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

 Nifty
Open 17645.91 5273.40
High 17663.99 5283.05
Low 17529.55 5237.55
Today's Cls 17591.18 5262.60
Prev Cls 17639.26 5273.60
% Change -0.27% -0.21%
Index Performance
Index

Dow

 Nasdaq
Open 11143.66 2505.38
High 11186.62 2510.06
Low 10947.55 2467.68
Today's Cls 11018.66 2481.26
Prev Cls 11144.57 2515.69
% Change -1.13% -1.37%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
ITC 269.00 2.38
GAIL 410.00 1.75
ABB 846.00 1.44
TATASTEEL 695.05 1.30
TATAMOTORS 784.55 1.19

Losers

KOTAK BANK 723.60 -2.88
IDEA 67.00 -2.62
DLF 330.00 -2.37
JPASSOCIATE 148.20 -2.21
M&M 500.50 -2.02
 MARKET ROUND UP (From the Research Desk)

 

Today on 16th April Market closed in red. Nifty was down 11 points and Sensex lost more than 48 points.  Nifty opened with a gap down and closed almost at the lowest point of the day. Advance/decline ratio was very much in favor of bears at both NSE and BSE. Nifty Future added more than 11 lakhs shares in open interest.

 
NIFTY VIEW FOR 19-04-2010

 

As stated earlier 5235 is a major support level for NIFTY and on 16th April it took support near this level only. It will be difficult task for Bears to take the Nifty below this level. Market is eagerly awaiting RBI Credit policy to be announced on 20th April 2010. Nifty support levels for intraday are 5235- 5214- 5191 and Resistance levels are 5283- 5305- 5328.

 

 

 

BANKNIFTY FUTURE:-Avoid long position in Bank Nifty. Intraday support exists at 9278- 9203- 9128 and resistance at 9428- 9503- 9578.

 

 
TECHNICAL VIEW ON STOCKS
 

 

GODREJ IND: - This stock is technically weak till it stays below 167. A sell call was given on 16th April, 2010 for a target of 156- 152 with stop loss above 167 on closing basis.

 

 

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

Sl Triggered

16/4/2010

Godrej Ind

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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