PARASRAM's daily newsletter April 20, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

Nifty
Open 17394.68 5208.30
High 17560.09 5257.25
Low 17394.68 5208.30
Today's Cls 17460.58 5230.10
Prev Cls 17400.68 5203.65
% Change +0.34% +0.51%
Index Performance
Index

Dow

Nasdaq
Open 11018.36 2477.80
High 11116.76 2487.67
Low 10940.60 2451.72
Today's Cls 11092.05 2480.11
Prev Cls 11018.66 2480.11
% Change +0.67% 0.00%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)
%
chg

Gainers

GAIL 426.10 5.38
IDFC 169.80 4.65
UNITECH 83.65 4.63
DLF 326.75 3.19
RELINFRA 1123.25 3.17

Losers

TCS 789.00 -2.83
HEROHONDA 1852.85 -2.30
WIPRO 693.40 -1.52
SIEMENS 701.00 -1.30
CIPLA 329.15 1.19
 MARKET ROUND UP (From the Research Desk)

 

Today on 20th April Market closed in green. Nifty was up 26 points and Sensex gained just 60 points. NIFTY saw an intraday volatility after RBI Credit Policy giving opportunities to both bulls and bears. However at the closing bell Nifty was unable to sustain at higher rates due to heavy selling pressure in Index heavy weight like TCS, RIL, JSWSTEEL etc. Advance/decline ratio was very much in favor of bulls at both NSE and BSE. Nifty Future added more than 25 lakhs shares in open interest.

 

NIFTY VIEW FOR 21-04-2010

 

NIFTY is looking tired at higher rates and may lose further ground if it breaks the support level of 5160. Technically nifty will remain weak till it is able to close above 5295. Nifty support levels for intraday are 5208- 5160- 5102 and Resistance levels are 5257- 5295- 5319.

 

 

BANKNIFTY FUTURE:-Avoid long position in Bank Nifty till it closes above 9510. Intraday support exists at 9416-9325-9212 and resistance at 9507- 9598- 9643.

 

 

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

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

First Target achieved

19/4/2010

L&T

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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