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

Sensex

 Nifty
Open 17,868.12 5,353.95
High 17,868.12 5,354.35
Low 17,725.63 5,311.05
Today's Cls 17,749.69 5,316.55
Prev Cls 17,876.55 5,353.30
% Change -0.71% 0.69%
Index Performance
Index

Dow

 Nasdaq
Open 10,452.46 2,341.11
High 10,627.17 2,341.11
Low 10,387.54 2,277.73
Today's Cls 10,442.41 2,289.08
Prev Cls 10,450.64 2,289.09
% Change 0.08% 0.00%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
BPCL 551.45 4.73
RANBAXY 458.10 2.49
HINDUNILVR 261.70 1.14
ITC 302.50 1.14
UNITECH 74.25 1.09

Losers

HCLTECH 377.70 -2.72
ACC 858.60 -2.44
STER 177.15 -2.32
JPASSOCIATE 130.10 -2.32
TATASTEEL 492.30 -2.16
 MARKET ROUND UP (From the Research Desk)

 

Today on 22nd June market closed in negative. Nifty closed down 36 points and BSE Sensex lost 128 points. Advance/decline ratio was in favor of bears. Nifty future maintained 8 point premium.

 

 
NIFTY VIEW FOR 23-06-2010

 

Yesterday it was clearly stated in newsletter that nifty future will come down to fill the gap. Almost 50% of the gap has been filled. Nifty levels for intraday are 5311-5286-5267-5359 and Resistance levels are 5354-5366-5375-5396.

 

 

 

BANKNIFTY FUTURE: - Major resistance for bank nifty near 9839 and 9894. Intraday levels for today are support at 9651-9601-9551-9501 and resistance levels are 9701-9750-9801.

 

 
TECHNICAL VIEW ON STOCKS

 

IVRCL INFRA: - It has taken good resistance around 187 level and the outlook is bearish. Sell call was given today on 22nd June with Target of 176-165.

 

 

 

BIOCON: - It has taken good support around 308 level and the outlook is bullish till it hold this level. Buy call was given today on 21st June with Target of 324-330.

 

 

CHAMBAL FERT:-  It has taken good support around 59 level and the outlook is bullish till it hold this level . Buy call was given today on 16th June with Target of 67-70.

 

 

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

First Target achieved

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

Target achieved

10/5/2010

Jindal steel

Target achieved

16/6/2010

Chambal fert

Pending

21/6/2010

BIOCON

Target achieved

22/6/2010

IVRCL Infra

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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