The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in negative territory. Banks & FMCG have ended positive in varying degrees while Consumer Durables, Healthcare, PSU, Auto, Capital Goods, Metals, Oil & IT have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed shaky.
Sensex
Last Close - 14080.14 | Support - 14035, 13931 | Resistance - 14171, 14243
Trading Range - The Sensex opened at 14241.76, moved up to an intra-day high of 14283.71, declined to an intra-day low of 14057.26 and closed at 14080.14.
Review/Outlook - The Sensex has reflected some amount of strength, has had a rather positive opening, but hasn't been able to sustain itself after facing strong selling pressure and has come off from its intra- day high, has finally ended in negative territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 14057 level while good support at lower levels (13984) - would limit the downside. The outlook seems to have turned shaky again while resistance comes in at the 14480+ level and support comes in at the 13953 level.
Asian Elect
Last Close - 764.80 | Support - 750, 693 | Resistance - 800, 850
Trading Range - The scrip opened at 735.00, moved up to an intra-day high of 764.80, declined to an intra-day low of 735.00 and closed at 764.80.
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.
Geodesic Info
Last Close - 274.50 | Support - 264, 235 | Resistance - 293, 327
Trading Range - The scrip opened at 260.00, moved up to an intra-day high of 274.50, declined to an intra-day low of 260.00 and closed at 274.50.
Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Ess Dee Alumin
Last Close - 431.20 | Support - 409, 378 | Resistance - 449, 500
Trading Range - The scrip opened at 396.00, moved up to an intra-day high of 431.20, declined to an intra-day low of 393.50 and closed at 431.20.
Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Paradyne Inf
Last Close - 167.20 | Support - 150, 127 | Resistance - 175, 200
Trading Range - The scrip opened at 160.50, moved up to an intra-day high of 167.20, declined to an intra-day low of 157.45 and closed at 167.20.
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.
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
793, 750 |
823.60 |
829, 856 |
Sd |
|
DR. REDDY |
610, 579 |
631.15 |
645, 669 |
Tu |
|
HLL |
183, 172 |
187.45 |
192, 203 |
Td |
|
INFOSYS |
1962, 1883 |
1988.90 |
2061, 2133 |
Up |
|
ITC |
144, 136 |
152.90 |
155, 168 |
Dt |
|
RIL |
1645, 1625 |
1671.25 |
1705, 1737 |
Td |
|
SATYAM |
475, 443 |
477.05 |
500, 538 |
Sd |
|
SBI |
1304, 1281 |
1318.40 |
1332, 1362 |
Td |
|
T MOTORS |
635, 610 |
645.35 |
670, 698 |
Dt |
|
TISCO |
570, 543 |
588.95 |
593, 617 |
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.