PARASRAM's daily newsletter April 05, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

 Nifty
Open 17693.66 5291.40
High 17948.54 5377.55
Low 17693.66 5291.40
Today's Cls 17935.68 5368.40
Prev Cls 17692.62 5290.50
% Change +1.37% +1.47%
Index Performance
Index

Dow

 Nasdaq
Open 10857.31 2411.68
High 10983.14 2423.43
Low 10851.57 2383.77
Today's Cls 10927.07 2402.58
Prev Cls 10856.63 2402.58
% Change +0.65% 0.19%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
HEROHONDA 2059.00 5.85
RELINFRA 1070.15 5.42
BHARTI ARTL 316.60 4.83
DLF 324.70 4.20
ICICI BANK 985 3.40

Losers

IDEA 63.65 -1.47
GRASIM 2805.00 -0.83
TCS 803.00 -1.59
HINDUNILVR 229.40 -0.43
LT 1644.25 -0.39
 MARKET ROUND UP (From the Research Desk)

 

Today on 5th April Nifty closed 78 points up and Sensex gained more than 240 points. Advance/decline ratio was very much in favor of bulls at both NSE and BSE. In NSE 253 stocks declined in comparison to 1092 advancing stocks whereas in BSE 725 stocks declined and 2291 gained and Nifty Future added more than 29 lakhs shares in open interest.

 
NIFTY VIEW FOR 06-04-2010

 

“5242” acted as a good support in Nifty Spot as well as in Nifty Future and it gave a good bounce back from that level. Nifty is looking bullish as it has closed above the resistance level of 5310. Nifty support levels for intraday are 5334-5291-5248 and Resistance levels are 5391-5420-5460

 

 

BANKNIFTY FUTURE: - As already told in the previous newsletter that 9599 is major resistance and above this level we can expect an upward breakout. Bank nifty gave a 100 points rise after breaking its resistance level of “9599”. Support levels for intraday are 9624-9550-9475 and Resistance levels are 9773- 9850.

 

 

TECHNICAL VIEW ON STOCKS

 

 

IDBI: - This stock has successfully broken its 200 DMA which is at 217 and closed above this level.. Target 125 in spot. Buy with sloss below 113....Positional buy call was given today (5th April) during trading hours.

 

 

PFC: - The stock has support at 254 and 250 spot levels. If these levels hold on closing basis it a good positional buy. The buy call was given on (1st April, 2010) during trading hours. Target 269-273.

 

 

HOTEL LEELA: This stock has taken good support at the level of 45. It has a target of 52-55-59. Buy with stop loss below 45. A positional buy call was given on 30th March 2010.

 

 

 

DATE

POSITIONAL STOCK

STATUS

17/3/2010

Divis Lab

Target achieved

17/3/2010

Ntpc

Partial Profit booked

17/3/2010

Jindal Saw

Partial Profit booked

17/3/2010

Cipla

Target achieved

22/3/2010

Godrej

Target achieved

22/3/2010

Punjllyod

Target achieved

25/3/2010

Rpower

Partial Profit booked

26/3/2010

Sbin

Target achieved

26/3/2010

Areva T&D

Pending

29/3/2010

Tv 18

Target achieved

30/3/2010

Hotel leela

Pending

1/4/2010

Relinfra

Target achieved

1/4/2010

PFC

Pending

5/4/2010

IDBI

Pending

 

 

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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