PARASRAM's daily newsletter MAY 04, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

 Nifty
Open 17371.75 5223.90
High 17464.82 5250.15
Low 17101.96 5134.85
Today's Cls 17137.14 5148.50
Prev Cls 17386.08 5222.75
% Change -1.43% -1.42%
Index Performance
Index

Dow

 Nasdaq
Open 11009.60 2472.32
High 11203.37 2503.00
Low 11004.15 2472.32
Today's Cls 11151.83 2498.71
Prev Cls 11008.61 2498.74
% Change +1.30% 0.00%
--Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
HCLTECH 399.00 2.47
PNB 1035.00 0.50
HDFC 2813.20 0.41
HEROHONDA 1925.00 0.23
     

Losers

TATASTEL 572.90 -5.63
HINDALCO 163.30 -5.58
STER 772.60 -4.46
SAIL 209.00 -4.39
AMBUJACEM 115.90 -3.74
 MARKET ROUND UP (From the Research Desk)

Today on 4th May Market closed deep in the red.  Major heavy weight index stocks like RIL, JSWSTEEL, TATASTEEL, SAIL etc were responsible for dragging the index. Advance-decline ratio was also very poor. Nifty closed down 75 points and Sensex lost 249 points.

 
NIFTY VIEW FOR 05-05-2010

 

Nifty future was unable to fill the upside gap which is at 5252 and 5298 and these levels will act as a major resistance levels in case of any up move. “5160 has been broken on closing basis. REALITY and STEEL sectors are the major under performer sectors. Now buying should be totally avoided till any clear picture emerges”. Nifty support levels for intraday are 5091-5073-5054 and Resistance levels are 5164-5183-5200.

 

 

 

BANKNIFTY FUTURE:- Keep sell on rise strategy. Intraday levels for today are support at 9602-9551-9490 and resistance at 9676-9713-9750.

 
TECHNICAL VIEW ON STOCKS

 

PUNJLLOYD:- This stock is technically weak till it stays below 169. A sell call was given on 4th May, 2010. For a target of 143 with stop loss above 169 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
4/5/2010 Punjllyod Pending

 

 

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