PARASRAM's daily newsletter MAY 28, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

 Nifty
Open 16692.66 5005.60
High 16891.17 5077.25
Low 16692.66 5005.60
Today's Cls 16863.06 5066.55
Prev Cls 16666.40 5003.10
% Change +1.18% +1.27%
Index Performance
Index

Dow

 Nasdaq
Open 10258.00 2271.19
High 10528.00 2277.10
Low 10095.90 2241.52
Today's Cls 10136.63

2257.04
Prev Cls 10258.00 2277.68
% Change -1.19% -0.91%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
STER 681.50 5.81
RCOM 146.90 5.53
JINDALSTEL 654.80 5.23
SUZLON 61.00 4.99
RANBAXY 428.00 3.37

Losers

BPCL 564.00 -1.53
GAIL 447.00 -1.14
MARUTI 1225.00 -1.06
AMBUJACEM 108.05 -1.01
IDFC 153.65 -0.85
 MARKET ROUND UP (From the Research Desk)

 

Today on 28th May our market closed in the green. Nifty closed up 63 points and BSE Sensex gained 197 points. Advance/decline ratio was very much in favor of bulls at both NSE and BSE. In NSE 346 stocks declined in comparison to 998 advancing stocks whereas in BSE 989 stocks declined and 1956 gained.

 
NIFTY VIEW FOR 31-05-2010

 

Nifty to become positive only if it closes above 5095 for two consecutive days. Nifty future maintained a 20 points discount to spot nifty throughout the day. Nifty major support exists at 5005 on closing basis. Some resistance exists near 5095. We maintain our position that no positional buying for now and allow the market to stabilize. Nifty support levels for intraday are 5041-5005-4969-4933 and Resistance levels are 5077-5096-5113-5149.

 

 

 

 

BANKNIFTY FUTURE: - Major resistance for bank nifty exists at 9290 on closing basis. Intraday levels for today are support at 9168-9111-9024-8937 and resistance levels are 9284-9342-9371-9458.

 

 
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.

To unsubscribe write to research@sphpl.com.