PARASRAM's daily newsletter April 07, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

Nifty
Open 17915.60 5365.70
High 18047.86 5399.65
Low 17878.31 5345.05
Today's Cls 17970.02 5374.65
Prev Cls 17941.37 5366.00
% Change +0.16% +0.16%
Index Performance
Index

Dow

Nasdaq
Open 10972.49 2420.33
High 11017.76 2443.50
Low 10893.89 2417.77
Today's Cls 10969.99 2436.81
Prev Cls 10973.55 2436.81
% Change -0.03% +0.19%
--Market Indicators
Top Movers (Group A)
Company Price
(Rs)
%
chg

Gainers

IDEA 67.00 5.10
POWERGRID 110.90 3.45
GAIL 431.45 3.45
TATAMOTORS 797.10 2.96
IDFC 171.75 2.84

Losers

PNB 1015.40 -1.98
HINDUNILVR 225.45 -1.94
SUNPHARMA 1793.00 -1.58
JINDALSTEL 707.70 -1.14
AXISBANK 1162.00 -1.07
 MARKET ROUND UP (From the Research Desk)

 

Today on 7th April Market closed almost flat .Nifty was up 9 points and Sensex gained just 29 points. However advance/decline ratio was in favor of bulls at both NSE and BSE.  In NSE 559 stocks declined in comparison to 775 advancing stocks whereas in BSE 1277 stocks declined and 1719 gained. Nifty Future added  12.75 lakhs shares in open interest.

NIFTY VIEW FOR 08-04-2010

Nifty is still looking bullish. For all long position major support at 5306 and 5275 Nifty support levels for intraday are 5345-5317-5306 and Resistance levels are 5400-5426-5455.

 

 

BANKNIFTY FUTURE: - Support levels for intraday are 9640-9618-9568 and Resistance levels are 9787 -9860- 9983. For all long position 9630 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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