The market has remained in a positive frame of mind, has come off its intra-day low and has finally ended the day in positive territory. Banks, Auto, PSU, Capital Goods, FMCG, Consumer Durables, Metals, Oil, IT & Healthcare have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed upbeat.
Sensex
Last Close - 14355.55 | Support - 14325, 14243 | Resistance - 14454, 14524
Trading Range - The Sensex opened at 14107.09, moved up to an intra-day high of 14372.96, declined to an intra-day low of 14107.09, and closed at 14355.55.
Review/Outlook - The Sensex has reflected significant amount of strength, has actually moved just one way, has remained positive to come off from its intra-day low and has finally ended in positive territory on distinctly higher volume. Volatility can be the order of the day, the positives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day upside especially above the 14373 level while strong support at lower levels (14171) could lead to a rather limited downside.
Taneja Aero
Last Close - 276.95 | Support - 243, 225 | Resistance - 294, 325
Trading Range - The scrip opened at 269.40, moved up to an intra-day high of 276.95, declined to an intra-day low of 266.00 and closed at 276.95.
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.
Thiru Arooran
Last Close - 140.40 | Support - 132, 094 | Resistance - 173, 192
Trading Range - The scrip opened at 129.90, moved up to an intra-day high of 140.40, declined to an intra-day low of 128.00 and closed at 140.40.
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.
Goldiam Int
Last Close - 143.50 | Support - 139, 126 | Resistance - 171, 199
Trading Range - The scrip opened at 138.90, moved up to an intra-day high of 143.50, declined to an intra-day low of 138.90 and closed at 143.50.
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.
Suraj Stainless
Last Close - 183.85 | Support - 175, 150 | Resistance - 200, 250
Trading Range - The scrip opened at 183.00, moved up to an intra-day high of 183.85, declined to an intra-day low of 180.00 and closed at 183.85.
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 |
994, 979 |
1017.55 |
1022, 1061 |
Td |
|
DR. REDDY |
733, 712 |
734.90 |
757, 795 |
Sd |
|
HLL |
203, 192 |
205.75 |
216, 224 |
Sd |
|
INFOSYS |
2325, 2270 |
2374.35 |
2400, 2500 |
Up |
|
ITC |
168, 155 |
173.85 |
180, 190 |
Up |
|
RIL |
1373, 1342 |
1406.90 |
1409, 1450 |
Up |
|
SATYAM |
475, 443 |
485.45 |
500, 538 |
Sd |
|
SBI |
1100, 1050 |
1123.15 |
1135, 1166 |
Sd |
|
T MOTORS |
849, 811 |
869.60 |
888, 920 |
Td |
|
TISCO |
437, 425 |
442.10 |
452, 466 |
Os |
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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