The market has remained volatile, has come off its intra-day low and has finally ended the day in positive territory. Banks, Healthcare & IT have ended positive in varying degrees while Capital Goods, Consumer Durables, FMCG, Auto, Metals, Oil & PSU's have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed mixed.
Sensex (Daily)
Last Close - 13425.50 | Support - 13400, 13300 | Resistance - 13500, 13600
Trading Range - The Sensex opened at 13439.71, moved up to an intra-day high of 13486.74, declined to an intra-day low of 13380.77 and closed at 13425.50.
Review/Outlook - The Sensex has reflected near term strength to once again post a fresh all time high but has run into resistance in the proximity of the 13500 level to still finally end in positive territory after coming off from its intra-day high on clearly higher volume. A range bound movement seems to be on the cards while an intra-day upside cannot be ruled out especially above the 13460 level while intra-day support comes in at the 13380 level.
Crest Animation. (Daily)
Last Close - 111.95 | Support - 107, 090 | Resistance - 115, 143
Trading Range - The scrip opened at 108.00, moved up to an intra-day high of 111.95, declined to an intra-day low of 106.55 and closed at 111.95.
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.
Bartronics. (Daily)
Last Close - 109.90 | Support - 090, 076 | Resistance - 125, 150
Trading Range - The scrip opened at 100.75, moved up to an intra-day high of 109.90, declined to an intra-day low of 100.00 and closed at 109.90.
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.
Uni-Abex Alloy. (Daily)
Last Close - 108.45 | Support - 100, 071 | Resistance - 122, 145
Trading Range - The scrip opened at 107.90, moved up to an intra-day high of 108.45, declined to an intra-day low of 104.25 and closed at 108.45.
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.
Kalindee Rail. (Daily)
Last Close - 181.00 | Support - 167, 141 | Resistance - 191, 224
Trading Range - The scrip opened at 175.00, moved up to an intra-day high of 181.30, declined to an intra-day low of 174.95 and closed at 181.00.
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.
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
979, 924 |
1007.00 |
1022, 1061 |
Tu |
|
DR. REDDY |
757, 733 |
790.90 |
795, 840 |
Up |
|
HLL |
240, 224 |
247.95 |
252, 266 |
Tu |
|
INFOSYS |
2200, 2100 |
2209.75 |
2300, 2400 |
Tu |
|
ITC |
180, 168 |
184.20 |
190, 210 |
Sd |
|
RIL |
1241, 1195 |
1277.80 |
1300, 1350 |
Sd |
|
SATYAM |
430, 415 |
431.50 |
443, 475 |
Sd |
|
SBI |
1100, 1050 |
1126.75 |
1190, 1250 |
Sd |
|
T MOTORS |
811, 771 |
829.25 |
849, 888 |
Sd |
|
TISCO |
480, 466 |
490.95 |
500, 530 |
Sd |
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 even be having contrary positions in the stocks mentioned above.
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