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, Healthcare, Auto, Metals, Oil & PSU's have ended negative in varying degrees while the Capital Goods, Consumer Durables & IT have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed subdued.
Sensex
Last Close - 14431.06 | Support - 14325, 14243 | Resistance - 14454, 14524
Trading Range - The Sensex opened at 14520.19, moved up to an intra-day high of 14520.19, declined to an intra-day low of 14407.12 and closed at 14431.06.
Review/Outlook - The Sensex has had a rather lacklustre trading session, has had a flattish opening, has declined after facing selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in only above the 14454 level while some resistance at higher levels (14501) - could limit the upside (if any). The outlook seems to have turned better again while resistance comes in at the 14679+ level and support comes in at the 14040 level.
Gvk Power
Last Close - 441.35 | Support - 437, 410 | Resistance - 475, 500
Trading Range - The scrip opened at 428.90, moved up to an intra-day high of 441.35, declined to an intra-day low of 428.90 and closed at 441.35.
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 - 154.55 | Support - 144, 129 | Resistance - 183, 216
Trading Range - The scrip opened at 154.55, moved up to an intra-day high of 154.55, declined to an intra-day low of 149.50 and closed at 154.55.
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.
Simplex Real
Last Close - 219.75 | Support - 193, 160 | Resistance - 224, 260
Trading Range - The scrip opened at 215.10, moved up to an intra-day high of 220.50, declined to an intra-day low of 215.10 and closed at 219.75.
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.
Sulzer India
Last Close - 433.95 | Support - 414, 365 | Resistance - 448, 475
Trading Range - The scrip opened at 429.95, moved up to an intra-day high of 433.95, declined to an intra-day low of 402.05 and closed at 433.95.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
829, 793 |
829.80 |
856, 892 |
Sd |
|
DR. REDDY |
645, 610 |
653.65 |
669, 689 |
Up |
|
HLL |
183, 172 |
190.75 |
192, 203 |
Tu |
|
INFOSYS |
1883, 1812 |
1936.20 |
1962, 2061 |
Sd |
|
ITC |
144, 136 |
153.65 |
155, 168 |
Sd |
|
RIL |
1645, 1625 |
1697.65 |
1705, 1737 |
Sd |
|
SATYAM |
443, 425 |
468.05 |
475, 500 |
Sd |
|
SBI |
1402, 1362 |
1447.20 |
1455, 1479 |
Up |
|
T MOTORS |
670, 635 |
671.90 |
698, 722 |
Tu |
|
TISCO |
593, 570 |
596.25 |
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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