PARASRAM's daily newsletter April 08, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

 Nifty
Open 17950.56 5376.30
High 17960.91 5383.65
Low 17679.34 5290.65
Today's Cls 17714.40 5304.45
Prev Cls 17970.02 5374.65
% Change -1.42% -1.31%
Index Performance
Index

Dow

 Nasdaq
Open 10961.95 2433.10
High 11000.22 2442.27
Low 10835.77 2418.73
Today's Cls 10897.52 2431.16
Prev Cls 10969.99 2431.16
% Change 0.66% 0.00%
--Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
IDEA 68.25 1.71
INFOSYSTCH 2657.20 0.51
BPCL 508.00 0.51
DLF 332.50 0.27
WIPRO 715.40 0.09

Losers

SAIL 237.00 -7.11
HINDALCO 176.00 -4.66
HDFC 2720.00 -3.08
ICICIBANK 959.80 -2.79
TATASTEEL 669.50 -2.36
 MARKET ROUND UP (From the Research Desk)

 

Today on 8th April Market closed in red. Nifty was down 70 points and Sensex lost more than 250 points. Advance/decline ratio was in favor of bears at both NSE and BSE.  In NSE 880 stocks declined in comparison to 464 advancing stocks whereas in BSE 1755 stocks declined and 1238 gained. Nifty Future added 16 lakhs shares in open interest.

 
NIFTY VIEW FOR 09-04-2010

 

For all long position major support at 5235 on closing basis. Final weakness to start only below 5235. Nifty support levels for intraday are 5290-5275-5245 and Resistance levels are 5336-5383-5400.

 

 

BANKNIFTY FUTURE: - It was unable to sustain at higher levels. 9450 is a support for all long position. Intraday support exists @ 9450-9416-9331 and resistance @ 9586-9671-9756.

 

 
TECHNICAL VIEW ON STOCKS
 

 

WIPRO: - The stock has support at 711 and 707 spot levels. If these levels hold on closing basis it a good positional buy with target of 735-747. A positional Buy call with stop loss of 705 was given on 8th April, 2010 during trading hours.

 

 

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

8/4/2010

WIPRO

Pending

 

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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