The market once again shown fine momentum to move up from open to close to end the day in positive territory. Banks, Consumer Durables, Metals, Pharma, IT, Capital Goods, FMCG, Auto, Oil and PSU's have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed bullish.
Sensex (Daily)
Last Close - 12042.56 | Support - 12000, 11931 | Resistance - 12100, 12200
Trading Range - The Sensex opened at 11881.51, moved up to an intra-day high of 12061.06, declined to an intra-day low of 11881.51 and closed at 12042.56.
Review/Outlook - The Sensex has reflected strength to stage another brilliant intra-day rally to not only end in positive territory but has also given an all time high closing on lower volume. The outlook continues to remain positive, as the bigger picture remains quite solid while the intra-day picture seems to be improving again while an intra-day upside above the 12061 level can not be ruled out.
Zenith Comp. (Daily)
Last Close - 103.25 | Support - 091, 080 | Resistance - 110, 124
Trading Range - The scrip opened at 096.00, moved up to an intra-day high of 103.25, declined to an intra-day low of 096.00 and closed at 103.25.
Review/Outlook - The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards.
Godrej Ind. (Daily)
Last Close - 757.20 | Support - 750, 700 | Resistance - 800, 850
Trading Range - The scrip opened at 740.00, moved up to an intra-day high of 757.20, declined to an intra-day low of 725.00 and closed at 757.20.
Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Suryajyoti Spg. (Daily)
Last Close - 057.30 | Support - 054, 040 | Resistance - 063, 075
Trading Range - The scrip opened at 054.90, moved up to an intra-day high of 057.30, declined to an intra-day low of 054.00 and closed at 057.30.
Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Elecon Eng. (Daily)
Last Close - 1339.25 | Support - 1237, 1010 | Resistance - 1420, 1500
Trading Range - The scrip opened at 1299.95, moved up to an intra-day high of 1339.80, declined to an intra-day low of 1295.00 and closed at 1339.25.
Review/Outlook - The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards.Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
1000, 950 |
1013.50 |
1050, 1100 |
Tu |
|
DR. REDDY |
1400, 1342 |
1431.85 |
1466, 1500 |
Td |
|
HLL |
281, 266 |
287.95 |
295, 305 |
Tu |
|
INFOSYS |
3155, 3074 |
3177.50 |
3250, 3543 |
Sd |
|
ITC |
190, 180 |
203.70 |
210, 225 |
Tu |
|
RIL |
1000, 950 |
1021.70 |
1050, 1100 |
Up |
|
SATYAM |
750, 730 |
759.10 |
770, 810 |
Os |
|
SBI |
900, 871 |
913.65 |
926, 950 |
Sd |
|
T MOTORS |
950, 900 |
950.50 |
999, 1000 |
Sd |
|
TISCO |
605, 550 |
645.35 |
700, 800 |
Up |
GLOSSARY : CMP -- Current Market Price, MACD -- Moving Average Convergence Divergence, RMI -- Relative Momentum Index, RSI -- Relative Strength Index, ROC -- Rate of Change, EMA -- Exponential Moving Average, Cls -- Closing Price, Support -- Level where buying can be expected, Resistance -- Level where selling can be expected, Tu -- Turning Upwards, Td -- Turning Downwards, Sd -- Sideways, Up -- Uptrend, Dt -- Downtrend, Ob -- Overbought, Os - Oversold.
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Sebi Disclosure: The author is an active market participant and could be having positions in the stocks mentioned above.