PARASRAM's daily newsletter April 22, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

 Nifty
Open 17476.48 5248.60
High 17778.34 5331.80
Low 17408.02 5221.10
Today's Cls 17573.99 5269.35
Prev Cls 17472.56 5244.90
% Change +0.58% +0.47%
Index Performance
Index

Dow

 Nasdaq
Open 11116.91 2506.61
High 11217.35 2510.50
Low 11018.95 2490.19
Today's Cls 11124.92 2504.65
Prev Cls 11117.06 2504.61
% Change +0.07% 0.00%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
SBIN 2215.00 5.19
SAIL 225.85 3.01
TATAMOTORS 833.00 2.92
HCL TECH 382.00 2.17
RELIANCE 1075.85 2.06

Losers

TATA STEEL 652.00 -2.52
SUNPHARMA 1705.40 -2.36
UNITECH 83.85 -1.93
DLF 325.15 -1.59
IDEA 66.05 -1.56
 MARKET ROUND UP (From the Research Desk)

 

Today on 22nd April Market closed in green after going through a huge intraday volatility. Nifty was up 24 points and Sensex gained around 100 points.   Advance/decline ratio was almost flat at both the exchanges. Nifty Future added around 27 lakhs shares in open interest. Nifty future initially started with a discount then during the day went into a premium of 10 points and by close of the trade it was again in discount.

 
NIFTY VIEW FOR 23-04-2010

 

NIFTY is looking tired at higher rates and was unable to close above 5295.  Technically nifty will remain weak till it is able to close above 5295. Nifty support levels for intraday are 5246-5221-5158-5111 and Resistance levels are 5280- 5331

 

 

BANKNIFTY FUTURE:- Bank Nifty to become weak below 9475. Till then it should be bought on dips .Intraday support exists at 9475-9382 and resistance at 9618-9736.

 

 
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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