PARASRAM's daily newsletter

JUNE 24, 2010

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Index Performance

Index	Sensex	Nifty
Open	17,750.51	5,323.25
High	17,845.65	5,348.30
Low	17,632.80	5,284.55
Today's Cls	17,730.24	5,320.60
Prev Cls	17,755.94	5,323.15
% Change	-0.14%	0.05%

Index Performance

Index	Dow	Nasdaq
Open	10,293.30	2,264.41
High	10,393.89	2,271.74
Low	10,195.81	2,236.99
Today's Cls	10,298.44	2,254.23
Prev Cls	10,293.52	2,254.23
% Change	0.05%	0.00%

Market Indicators

Top Movers (Group A)
Company	Price (Rs)	% chg
Gainers
AXISBANK	1267.00	1.41
LT	1790.00	1.41
IDFC	170.70	1.34
SUNPHARMA	1822.00	1.26
PNB	1063.00	1.21
Losers
KOTAKBANK	755.55	-3.64
AMBUJACEM	117.25	-2.74
ICICIBANK	880.00	-2.27
HCLTECH	364.95	-2.09
UNITECH	74.55	-1.91

MARKET ROUND UP (From the Research Desk)

Today on 24th JUNE our market remained sideways and closed flat. Nifty closed down 2 points and BSE Sensex lost 25 points. Advance-decline ratio was also flat.

NIFTY VIEW FOR 25-06-2010

Nifty 21st June high and low (5366-5266) has not been violated for the last 3 days, and it has made only inside bars so far. Confirmation of directional move only after violation of this range Nifty support levels for intraday are 5285-5266-5234 and Resistance levels are 5348-5366-5399.

BANKNIFTY FUTURE: - Major resistance for bank nifty near 9839 and 9894. Intraday levels for today are support at 9625-9605-9569-9530 and resistance levels are 9681-9736-9760-9779.

TECHNICAL VIEW ON STOCKS

JINDAL STEEL: - It has taken good resistance around 677 level and the outlook is bearish. Sell call was given today on 23rd June with Target of 649-635.

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
23/6/2010	JINDAL STEEL	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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