PARASRAM's daily newsletter April 27, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

 Nifty
Open 17744.93 5322.10
High 17769.25 5330.55
Low 17678.56 5301.40
Today's Cls 17690.62 5308.35
Prev Cls 17745.28 5322.45
% Change -0.31% -0.26%
Index Performance
Index

Dow

 Nasdaq
Open 11205.11 2529.85
High 11308.95 2535.28
Low 11150.01 2521.51
Today's Cls 11205.03 2522.95
Prev Cls 11204.28 2522.95
% Change +0.01% +0.00%
-Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
CAIRN 312.00 3.40
ONGC 1047.10 2.88
POWERGRID 113.50 2.81
RELINFRA 1139.00 2.08
CIPLA 335.30 1.68

Losers

JPASSOCIATE 152.40 -4.18
MARUTI 1281.50 -3.91
IDFC 164.55 -2.78
DLF 315.80 -2.21
SBIN 2213.50 -1.69
 MARKET ROUND UP (From the Research Desk)

 

Today on 27th April Market closed almost flat. Nifty was down 14 points and Sensex lost just 55 points.   Advance/decline ratio was also flat at both the exchanges. Nifty Future added around 30 lakhs shares in open interest.

 
NIFTY VIEW FOR 28-04-2010

 

5299 provided good support for Nifty as mentioned in the previous day News letter. There is complete listlessness in the market ahead of settlement. Till 5299 holds keep buy on dips strategy. Nifty support levels for intraday are 5299-5281-5251 and Resistance levels are 5335-5364-5385.

 

 

BANKNIFTY FUTURE:- Total loss of momentum in Bank nifty. Buy only above 9820. Intraday levels for today are support are 9750-9714-9680 and resistance are 9820-9856-9890.

 

 
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 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

 

 

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