PARASRAM's daily newsletter MAY 25, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

 Nifty
Open 16444.57 5945.30
High 16444.57 5946.60
Low 15960.15 5786.45
Today's Cls 16022.48 5806.75
Prev Cls 16469.55 5943.95
% Change -2.71% -2.78%
Index Performance
Index

Dow

 Nasdaq
Open 10193.46 2220.60
High 10196.41 2244.67
Low 10052.67 2212.37
Today's Cls 10066.57 2213.55
Prev Cls 10193.39 2213.55
% Change -1.24% 0.00%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
SUNPHARMA 1590.00 2.70
SIEMENS 675.00 0.16
-
-
-
-
-
-
-
-
-

Losers

SAIL 188.00 -6.09
RCOM 139.30 -5.81
HINDALCO 137.40 -5.63
JINDALSTEL 612.00 -5.59
AMBUJACEM 105.00 -5.58
 MARKET ROUND UP (From the Research Desk)

 

Today on 25th May our market opened gap down and closed deep in the red. Nifty closed down 137 points and BSE Sensex lost 447 points. Advance-decline ratio was very poor and almost 7 stocks declined to every single rising stock.  

 

 
NIFTY VIEW FOR 26-05-2010

 

 

Today a gap is left on upside at 4911. This level will act as a resistance. Nifty major support exists at 4765 on closing basis. We maintain our position that no positional buying for now and allow the market to stabilize. Nifty support levels for intraday are 4765-4729-4706-4679 and Resistance levels are 4839-4866-4892-4911.

 

 

 

 

BANKNIFTY FUTURE:-  Major support for bank nifty exists at 8780 (200 DMA) on closing basis. Intraday levels for today are support at 8815-8725-8630 and resistance levels are 8876-8907-8938.

 

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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

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

 

 

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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