The market has had a volatile trading session to basically remain under pressure from open to close and has finally ended the day sharply in negative territory. Banks, Auto, Pharma, PSU, Capital Goods, IT, Oil, FMCG and Metals have ended negative in varying degrees while the Consumer Durables sector has ended in positive territory. Volume registered a wafer thin decrease (read as turnover) while the undertone seemed subdued.
Last Close - 10767.97 | Support - 10740, 10662 | Resistance - 10884, 10947
Sensex (Daily)
Trading Range - The Sensex opened at 10836.49, moved up to an intra-day high of 10839.53, declined to an intra-day low of 10703.00 and closed at 10767.97.Review/Outlook - The Sensex has reflected some amount of indecision by remaining lacklustre within the previous day's trading range (hasn't crossed either the intra-day or the intra-day low) on marginally lower volume. The outlook is improving and despite the extreme volatility, a range bound movement cannot be ruled out while an intra-day upside could come in only above the 10840 level while an intra-day downside could come in only below the 10703 level.
Binani Ind. (Daily)
Last Close - 145.00 | Support - 125, 095 | Resistance - 160, 200
Trading Range - The scrip opened at 138.00, moved up to an intra-day high of 145.00, declined to an intra-day low of 138.00 and closed at 145.00.
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.
Zuari Ind. (Daily)
Last Close - 163.40 | Support - 148, 134 | Resistance - 179, 215
Trading Range - The scrip opened at 155.00, moved up to an intra-day high of 163.40, declined to an intra-day low of 153.10 and closed at 163.40.
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.
Saregama Ind. (Daily)
Last Close - 175.95 | Support - 157, 120 | Resistance - 189, 241
Trading Range - The scrip opened at 170.25, moved up to an intra-day high of 175.95, declined to an intra-day low of 170.00 and closed at 175.95.
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.
Deccan Cement (Daily)
Last Close - 140.80 | Support - 137, 123 | Resistance - 155, 172
Trading Range - The scrip opened at 135.50, moved up to an intra-day high of 141.70, declined to an intra-day low of 132.10 and closed at 140.80.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
793, 750 |
814.40 |
829, 856 |
Tu |
|
DR. REDDY |
1282, 1225 |
1331.70 |
1342, 1400 |
Tu |
|
HLL |
240, 224 |
242.80 |
252, 266 |
Tu |
|
INFOSYS |
3155, 3074 |
3163.50 |
3250, 3321 |
Tu |
|
ITC |
180, 168 |
181.65 |
190, 210 |
Tu |
|
RIL |
1041, 1001 |
1082.10 |
1083, 1109 |
Tu |
|
SATYAM |
705, 678 |
708.10 |
730, 752 |
Tu |
|
SBI |
725, 695 |
748.20 |
784, 809 |
Sd |
|
T MOTORS |
771, 749 |
797.25 |
811, 849 |
Tu |
|
TISCO |
530, 500 |
547.30 |
550, 593 |
Tu |
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.
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