PARASRAM's daily newsletter April 09, 2010 Visit us at www.parasramindia.com
 
Index Performance
Index

Sensex

 Nifty
Open 17715.16 5302.40
High 17971.47 5377.45
Low 17715.16 5302.25
Today's Cls 17933.14 5361.75
Prev Cls 17714.40 5304.45
% Change +1.23% +1.08%
Index Performance
Index

Dow

 Nasdaq
Open 10926.92 2441.31
High 11032.12 2454.12
Low 10894.15 2432.93
Today's Cls 10997.35 2454.05
Prev Cls 10927.07 2436.81
% Change +0.64% +0.71%
---Market Indicators
Top Movers (Group A)
Company Price
(Rs)		 %
chg

Gainers
HDFC 2845.00 4.37
TATAMOTORS 809.95 4.10
ABB 850.00 2.93
BHEL 2565.00 2.91
HDFC BANK 1956.10 2.80

Losers

BHARTIARTL 307.55 -1.71
IDEA 67.25 -1.25
POWERGRID 109.95 -1.08
WIPRO 709.00 -1.08
SAIL 234.20 1.04
 MARKET ROUND UP (From the Research Desk)

 

Today on 9th April Market closed in green after the overnight news that European Union was ready to rescue Greece and a bailout may be imminent. Nifty was up 58 points and Sensex gained more than 218 points. Advance/decline ratio was very much in favor of bulls at both NSE and BSE.  Nifty Future added 17 lakhs shares in open interest and it maintained a 10 points premium through out the day indicating a short squeeze.

 
NIFTY VIEW FOR 12-04-2010

 

 Short term trend in Nifty is still bullish. 5290 and 5235 are the major support levels for the whole week. Market will very closely watch the Infosys numbers and IIP data expected to be released this week. Nifty support levels for intraday are 5333-5290-5250 and Resistance levels are 5384-5400-5420.

 

 

 

BANKNIFTY FUTURE: - 9450 and 9501 to act as support for all long position. Intraday support exists @ 9627-9546-9501 and resistance @ 9708-9787-9871.

 

 
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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