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

Sensex

Nifty
Open 18,132.29 5441.50
High 18,237.56 5477.50
Low 18,093.93 5435.15
Today's Cls 18,130.98 5449.10
Prev Cls 18,113.15 5441.95
% Change 0.00% 0.13%
Index Performance
Index

Dow

Nasdaq
Open 10,321.16 2,234.34
High 10,465.19 2,269.47
Low 10,237.84 2,227.50
Today's Cls 10,424.62 2,269.47
Prev Cls 10,322.30 2,245.89
% Change 0.99% 1.05%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)
%
chg

Gainers

IDEA 68.90 5.19
BHARTIARTL 312.75 3.53
AXISBANK 1391.95 2.59
BHEL 2454.00 1.52
CAIRN 327.40 1.24

Losers

RELCAPITAL 792.30 -2.83
UNITECH 84.10 -2.04
GAIL 465.00 -1.99
RANBAXY 448.25 -1.86
JPASSOCIATE 128.50 -1.80
 MARKET ROUND UP (From the Research Desk)

 

Today on 23rd July our market closed almost flat. Nifty closed up 7 points and BSE Sensex gained 18 points. However advance/decline ratio was in favor of bears. In NSE 878 stocks declined in comparison to 470 advancing stocks whereas in BSE 1643 stocks declined and 1297 gained. Nifty Future added more than 17 lakhs (prov.) shares in open interest.

 

 

NIFTY VIEW FOR 26-07-2010

 

Nifty took a small range breakout and has a maximum target of 5483-5506. Further strength only if able to close above 5506. Now 5351 to act as major support. Nifty support levels for intraday are 5435-5415-5394 and Resistance levels are 5477-5484-5506.

 

 

 

 

 

BANKNIFTY FUTURE: - Intraday levels for today are support at 10013-9958-9903 and resistance levels are 10124-10179-10234.

.

 

TECHNICAL VIEW ON STOCKS

 

IDFC: - It has taken good support around 185 level and the outlook is bullish till it hold this level. Buy call was given today on 22nd July with Target of 196-204.

 

 

 

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

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

First Target achieved

21/6/2010

BIOCON

Target achieved

22/6/2010

IVRCL Infra

Sl Triggered

23/6/2010

JINDAL STEEL

Target achieved

1/7/2010

JPASSO

Target achieved

13/7/2010

JP Power

Target achieved

22/7/2010

IDFC

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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