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

Sensex

 Nifty
Open 17103.95 5148.35
High 17121.66 5148.35
Low 16858.23 5056.50
Today's Cls 17087.96 5124.90
Prev Cls 17137.14 5148.50
% Change -0.29% -0.46%
Index Performance
Index

Dow

 Nasdaq
Open 10,918.40 2,395.21
High 10,947.00 2,421.05
Low 10,867.00 2,382.07
Today's Cls 10,868.12 2,402.29
Prev Cls 10,926.77 2,424.25
% Change 0.54% 0.91%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
BHARTIARTL 296.00 2.42%
SAIL 215.00 2.33%
WIPRO 674.00 2.12%
BPCL 526.65 2.10%
KOTAKBANK 747.00 2.01%

Losers

JPASSOCIATE 133.90 -4.43%
JINDALSTEL 688.50 -4.31%
STER 753.20 -2.91%
RELINFRA 1059.00 -2.33%
UNITECH 78.30 -2.25%
 MARKET ROUND UP (From the Research Desk)

 

Today on 5th May Market closed in the red. Nifty opened gap down on global cues but in the last hour of trade regained the lost ground and filled the early morning gap. Advance-decline ratio was very flat. Nifty closed down 24 points and Sensex lost 50 points.

 

 
NIFTY VIEW FOR 06-05-2010

 

As stated earlier below 5200 and 5158 Nifty has shown real weakness. Now 5150 and 5240 will act as major resistance levels in case of any up move .As advised positional buying should be totally avoided in current scenario. Nifty support levels for intraday are 5056-5037-5002 and Resistance levels are 5150-5194-5240.

 

 

 

BANKNIFTY FUTURE:- Intraday levels for today are support at 9535- 9441-9348.

 

 
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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