PARASRAM's daily newsletter

MAY 03, 2010

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Index Performance

Index	Sensex	Nifty
Open	17536.86	5278.40
High	17536.86	5278.70
Low	17345.92	5210.05
Today's Cls	17386.08	5222.75
Prev Cls	17558.71	5278.00
% Change	-0.98%	-1.05%

Index Performance

Index	Dow	Nasdaq
Open	11168.23	2509.99
High	11235.94	2514.37
Low	10984.35	2461.09
Today's Cls	11008.61	2461.19
Prev Cls	11167.32	2511.92
% Change	-1.42%	-2.02%

--Market Indicators

Top Movers (Group A)
Company	Price (Rs)	% chg
Gainers
IDEA	63.90	4.50
RANBAXY	452.95	2.18
SUZLON	69.45	0.73
WIPRO	674.25	0.41
SAIL	219.10	0.37
Losers
ABB	743.00	-5.35
HINDALCO	173.25	-2.94
RELINFRA	1104.10	-2.93
SIEMENS	695.00	-2.37
STER	809.90	-2.22

MARKET ROUND UP (From the Research Desk)

Today on 3rd May Market closed in the red falling in line with the global cues after it witnessed a weekend sell off in both American and European market and almost all sector barring some madcap stocks declined and advance-decline ratio was also very poor. Nifty was down 52 points and Sensex lost 172 points.

NIFTY VIEW FOR 04-05-2010

Nifty future has now left two gaps upside at 5252 and 5298 and these levels will act as a major resistance levels in case of any up move. “Nifty is looking very weak and tired at this juncture and it looks like that we may see a major BREAKDOWN in coming days if the levels of 5200 and 5160 are broken on closing basis. REALITY and STEEL sectors are the major under performer sectors at present and buying should be totally avoided till any clear picture emerges. BUY Nifty 5100 PE to protect all your long position.” Nifty support levels for intraday are 5202-5158 and Resistance levels are 5246-5279-5310 .

BANKNIFTY FUTURE:- Bank nifty is also looking weak. Keep sell on rise strategy. Intraday levels for today are support at 9737-9665-9597 and resistance at 9846-9916-9986.

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	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

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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