PARASRAM's daily newsletter April 26, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

Nifty
Open 17692.26 5299.35
High 17826.48 5342.35
Low 17692.26 5299.35
Today's Cls 17745.28 5322.45
Prev Cls 17694.23 5304.10
% Change +0.29% +0.35%
Index Performance
Index

Dow

Nasdaq
Open 10780.00 2391.20
High 10869.55 2396.92
Low 10665.35 2364.53
Today's Cls 10741.98 2374.41
Prev Cls 10779.17 2391.28
% Change -0.35% -0.71%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)
%
chg

Gainers

STER 841.25 5.80
HDFC 283.00 3.91
AXIS BANK 1277.10 3.33
HINDALCO 184.10 3.31
JINDALSTEL 736.80 2.51

Losers

SUNPHARMA 1610.25 -4.39
DLF 322.35 -2.99
RANBAXY 444.15 -2.40
MARUTI 1331.00 -2.23
ABB 809.00 -1.82
 MARKET ROUND UP (From the Research Desk)

 

Today on 26th April Market closed almost flat. Nifty was up 18 points and Sensex gained just 51 points.   Advance/decline ratio was also flat at both the exchanges. Nifty Future added around 19 lakhs shares in open interest.

 

NIFTY VIEW FOR 27-04-2010

 

NIFTY is in a range ahead of settlement and waiting for global cues for any directional movement. 5342 to act as major resistance and any crossover will put the Nifty again in bull orbit. Day traders can buy on dips with stop loss below 5299. Nifty support levels for intraday are 5299-5277-5256 and Resistance levels are 5335-5364-5385.

 

 

BANKNIFTY FUTURE:- Bank Nifty to become weak below 9815. Till then it should be bought on dips. Intraday support exists at 9818-9781-9744 and resistance at 9891-9928-9965-10022.

 

 

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

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

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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