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

Sensex

 Nifty
Open 16939.58 5072.30
High 16939.58 5085.65
Low 16684.13 4984.60
Today's Cls 16769.11 5018.05
Prev Cls 16987.53 5090.85
% Change -1.29% -1.43%
Index Performance
Index

Dow

 Nasdaq
Open 10519.42 2308.71
High 10579.12 2330.65
Low 10241.23 2228.06
Today's Cls 10380.43 2265.64
Prev Cls 10520.32 2319.64
% Change 1.33% -2.33%
Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
RELIANCE 1040.00 3.19
IDEA 64.55 3.12
M&M 526.10 1.60
BPCL 527.00 1.43
HINDUNILVR 234.95 1.21

Losers

RPOWER 139.95 -9.09
RELINFRA 976.15 -7.60
TATAMOTORS 763.00 -6.20
SUZLON 67.60 -5.12
UNITECH 73.40 -5.05
 MARKET ROUND UP (From the Research Desk)

 

Today on 7th May Market closed deep in the red in line with the global cues. Supreme Court decision came in favor of RIL which tried to improve the overall sentiment but the advance-decline ratio was so poor that it ultimately pulled down the market in negative territory. Nifty closed down 73 points and Sensex lost 219 points.

 
NIFTY VIEW FOR 10-05-2010

 

“5037” has been broken on closing basis. Now 4960 (200 DMA) and 4917 will act as major support levels. As already advised positional buying should be totally avoided in the current scenario. Nifty support levels for intraday are 4984-4959-4917 and Resistance levels are 5037-5086-5104.

 

 

 

 

BANKNIFTY FUTURE:- Intraday levels for today are support at 9355-9235-9212 and resistance levels are 9395-9475-9574.

 

 
TECHNICAL VIEW ON STOCKS

 

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

First 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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