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

Sensex

Nifty
Open 16,410.88 4,915.15
High 16,694.55 5,016.60
Low 16,331.10 4,897.60
Today's Cls 16,666.40 5,003.10
Prev Cls 16,387.84 4917.40
% Change 1.70% 1.74%
Index Performance
Index

Dow

Nasdaq
Open 10,045.11 2,226.24
High
10,211.60
2,257.33
Low 9,937.79 2,190.44
Today's Cls 9,974.45 2,195.88
Prev Cls 10,043.75 2,195.88
% Change 0.69% 0.00%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)
%
chg

Gainers

RPOWER 155.25 6.70
TATAMOTORS 749.95 5.70
STER 646.45 4.84
AXISBANK 1210.00 4.59
UNITECH 71.65 4.22

Losers

POWERGRID 102.00 -1.16
ACC 821.00 -1.10
IDEA 49.65 -1.00
BHARTIARTL 261.20 -0.93
SUZLON 58.25 -0.85
 MARKET ROUND UP (From the Research Desk)

 

Today on 27th May our market closed in the green. Nifty closed up 86 points and BSE Sensex gained 278 points. Advance/decline ratio was very much in favor of bulls at both NSE and BSE. In NSE 499 stocks declined in comparison to 817 advancing stocks whereas in BSE 1228 stocks declined and 1544 gained.

 

 

 

NIFTY VIEW FOR 28-05-2010

 

Nifty to become positive only if it closes above 5095 for two consecutive days. Nifty major support exists at 4987 on closing basis. Some resistance exists near 5030 and 5093. We maintain our position that no positional buying for now and allow the market to stabilize. Nifty support levels for intraday are 4976-4956-4936 and Resistance levels are 5030-5056-5076-5096.

 

 

 

 

BANKNIFTY FUTURE: - Major resistance for bank nifty exists at 9290 on closing basis. Intraday levels for today are support at 9161-9110-9059 and resistance levels are 9290-9363-9415.

 

 

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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