PARASRAM's daily newsletter April 23, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

Nifty
Open 17533.88 5269.65
High 17725.88 5311.05
Low 17533.88 5269.65
Today's Cls 17694.20 5304.10
Prev Cls 17573.99 5269.35
% Change +0.68% +0.66%
Index Performance
Index

Dow

Nasdaq
Open 11,132.18 2,514.85
High 11,247.20 2,530.15
Low 11,058.87 2,507.60
Today's Cls 11,204.28 2,530.15
Prev Cls 11,134.29 2,519.07
% Change 0.63% 0.44%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)
%
chg

Gainers

JPASSOCIATE 159.10 4.26
ICICIBANK 978.75 3.70
LT 1621.00 3.10
M&M 522.95 2.86
DLF 334.50  

Losers

ABB 823.90 -3.44
WIPRO 691.00 -1.88
ACC 904.10 -1.70
BHARTIARTL 298.00 -1.68
HEROHONDA 1880.10 -1.60
 MARKET ROUND UP (From the Research Desk)

 

Today on 23rd April Market closed in green. Nifty was up 34 points and Sensex gained around 120 points.   Advance/decline ratio was almost flat at both the exchanges. Nifty Future added around 9 lakhs shares in open interest. Nifty future closed at 10 points premium to the spot. Banking sector was the out performer of the day and Bank nifty rise more than 2%.

 

NIFTY VIEW FOR 26-04-2010

 

NIFTY is in a range and waiting for global cues for any directional movement. 5331 to act as major resistance and any crossover will put the Nifty again in bull orbit. Nifty support levels for intraday are 5269- 5236-5221 and Resistance levels are 5331-5352-5407.

 

 

BANKNIFTY FUTURE:- Bank Nifty to become weak below 9475. Till then it should be bought on dips. Intraday support exists at 9715- 9610 and resistance at 9820-9890-9925.

 

 

TECHNICAL VIEW ON STOCKS
 

 

IDBI:- This stock is technically strong till it stays above 120. A buy call was given on 23rd April, 2010 for a target of 127-132 with stop loss above 119 on closing basis.

 

 

 

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

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

23/4/2010

Idbi

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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