PARASRAM's daily newsletter April 06, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

Nifty
Open 17940.32 5369.55
High 17991.41 5388.65
Low 17898.00 5351.70
Today's Cls 17941.37 5366.00
Prev Cls 17935.68 5368.40
% Change +0.03% -0.04%
Index Performance
Index

Dow

Nasdaq
Open 10927.45 2409.48
High 11026.75 2429.61
Low 10880.36 2403.88
Today's Cls 10973.55 2429.53
Prev Cls 10927.07 2429.53
% Change +0.43% 0.19%
-Market Indicators
Top Movers (Group A)
Company Price
(Rs)
%
chg

Gainers

RPOWER 158.40 3.53
RCOM 172.65 2.66
SUZLON 73.30 2.52
BHEL 2464.25 2.31
DLF 322.25 2.11

Losers

HCL TECH 347.00 -3.82
CIPLA 338.35 -3.31
M&M 533.30 -2.82
JPASSOCIATE 152.00 -1.68
AMBUJACEM 116.85 -1.64
 MARKET ROUND UP (From the Research Desk)

 

Today on 6th April Market closed almost flat .Nifty was down 4 points and Sensex gained just 15 points. However advance/decline ratio was in favor of bulls at both NSE and BSE.  In NSE 568 stocks declined in comparison to 772 advancing stocks whereas in BSE 1243 stocks declined and 1785 gained. Nifty Future added just 2 lakhs shares in open interest.

 

NIFTY VIEW FOR 07-04-2010

 

Nifty is still looking bullish but one must keep stop loss of 5350 for all long position. Nifty support levels for intraday are 5351-5332-5314 and Resistance levels are 5391-5406-5424.

 

 

 

BANKNIFTY FUTURE: - Support levels for intraday are 9663-9607-9552 and Resistance levels are 9774 -9829- 9885. For all long position 9660 must be kept as stop loss level.

 

TECHNICAL VIEW ON STOCKS

 

 

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

First 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

Pending

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

 

 

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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