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. Capital Goods, Metals, Oil & PSU's have ended positive in varying degrees while the Banks, Consumer Durables, FMCG, Healthcare, IT & Auto have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed hopeful.
Sensex
Last Close - 14487.72 | Support - 14454, 14325 | Resistance - 14524, 14620
Trading Range - The Sensex opened at 14469.43, moved up to an intra-day high of 14521.62, declined to an intra-day low of 14424.71 and closed at 14487.72.
Review/Outlook - The Sensex has reflected significant amount of strength, has had a decent opening, has recovered after receiving buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 14521 level while some resistance at higher levels (14582) - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 14679+ level and support comes in at the 14040 level.
Hind. Oil. Exp
Last Close - 117.75 | Support - 109, 099 | Resistance - 127, 149
Trading Range - The scrip opened at 112.70, moved up to an intra-day high of 117.75, declined to an intra-day low of 112.00 and closed at 117.75.
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.
Gmr Industries
Last Close - 140.20 | Support - 129, 113 | Resistance - 144, 183
Trading Range - The scrip opened at 131.35, moved up to an intra-day high of 140.20, declined to an intra-day low of 131.35 and closed at 140.20.
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.
Amara Raja
Last Close - 454.80 | Support - 424, 402 | Resistance - 477, 500
Trading Range - The scrip opened at 444.80, moved up to an intra-day high of 454.80, declined to an intra-day low of 438.90 and closed at 454.80.
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.
Saregama Ind
Last Close - 290.10 | Support - 284, 253 | Resistance - 295, 319
Trading Range - The scrip opened at 284.95, moved up to an intra-day high of 290.35, declined to an intra-day low of 277.05 and closed at 290.10.
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 |
829, 793 |
856.15 |
856, 892 |
Up |
|
DR. REDDY |
645, 610 |
650.10 |
669, 689 |
Up |
|
HLL |
183, 172 |
188.80 |
192, 203 |
Tu |
|
INFOSYS |
1883, 1812 |
135.85 |
1962, 2061 |
Sd |
|
ITC |
144, 136 |
154.15 |
155, 168 |
Sd |
|
RIL |
1705, 1645 |
1706.05 |
1737, 1785 |
Up |
|
SATYAM |
443, 425 |
454.75 |
475, 500 |
Sd |
|
SBI |
1402, 1362 |
1448.50 |
1455, 1479 |
Up |
|
T MOTORS |
670, 635 |
677.15 |
698, 722 |
Tu |
|
TISCO |
593, 570 |
599.55 |
617, 646 |
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.