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

Sensex

 Nifty
Open 17080.47 5124.40
High 17080.47 5124.90
Low 16823.00

5037.75
Today's Cls 16987.53 5090.85
Prev Cls 17087.96 5124.90
% Change -0.59% -0.66%
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
SUZLON 71.40 5.39
CIPLA 346.00 3.22
RANABXY 459.60 3.00
BPCL 540.90 2.73
SUNPHARMA 1563.90 2.28

Losers

JINDALSTEL 661.30 -4.16
ABB 694.50 -4.03
AMBUJACEM 111.50 -3.75
TATAMOTORS 813.00 -2.62
CAIRN 293.15 -2.41
 MARKET ROUND UP (From the Research Desk)

 

Today on 6th May Market closed in the red. Nifty went down on global cues but it pulled back smartly from intraday low.  Advance-decline ratio was very flat. Nifty closed down 34 points and Sensex lost 100 points.

 
NIFTY VIEW FOR 07-05-2010

 

“5037” acted as a good support in Nifty Spot and it gave a good bounce back from that level. Now 5137 and 5221 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 5081-5037-4993 and Resistance levels are 5125-5137-5169.

 

 

 

 

 

BANKNIFTY FUTURE:-  Intraday levels for today are support at 9527- 9435-9342 and resistance levels are 9620-9712-9805.

 

 
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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