The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in negative territory. Consumer Durables, FMCG, Auto & Oil have ended positive in varying degrees while Banks, Capital Goods, Healthcare, IT, Metals, Psu's, Realty & Tech have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed stable.
Sensex
Last Close - 19698.36 | Support - 19621, 19276 | Resistance - 19984, 20204
Trading Range - The Sensex opened at 19603.09, moved up to an intra-day high of 19838.03, declined to an intra-day low of 19472.51 and closed at 19698.36.
Review/Outlook - The Sensex has had a mixed trading session, has had a weak opening, has moved both ways, has received buying support at lower levels, has come off from its intra - day low and has finally ended in negative 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 19730 level while resistance at higher levels (20000) - would limit the upside. The outlook has turned bullish again while resistance comes in at the 21200+ level and support comes in at the 18833 level.
Godrej Ind
Last Close - 259.00 | Support - 257, 224 | Resistance - 265, 300
Trading Range - The scrip opened at 260.00, moved up to an intra-day high of 265.90, declined to an intra-day low of 243.30 and closed at 259.00.
Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
India Glycol
Last Close - 385.65 | Support - 371, 307 | Resistance - 393, 450
Trading Range - The scrip opened at 370.85, moved up to an intra-day high of 385.65, declined to an intra-day low of 364.00 and closed at 385.65.
Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Rishi Laser
Last Close - 148.55 | Support - 143, 118 | Resistance - 174, 210
Trading Range - The scrip opened at 147.00, moved up to an intra-day high of 148.55, declined to an intra-day low of 143.05 and closed at 148.55.
Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Bhartiya Int
Last Close - 135.45 | Support - 129, 090 | Resistance - 152, 218
Trading Range - The scrip opened at 135.00, moved up to an intra-day high of 135.45, declined to an intra-day low of 127.90 and closed at 135.45.
Review/Outlook - The scrip has reflected strength by appreciating 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 |
1025, 994 |
1039.65 |
1099, 1155 |
Sd |
|
DR. REDDY |
610, 579 |
620.35 |
645, 669 |
Sd |
|
HUL |
192, 183 |
201.05 |
203, 216 |
Sd |
|
INFOSYS |
1510, 1457 |
1623.50 |
1667, 1723 |
Dt |
|
ITC |
193, 180 |
205.15 |
213, 230 |
Up |
|
RIL |
2805, 2724 |
2875.70 |
2900, 3000 |
Up |
|
SATYAM |
425, 406 |
428.55 |
443, 471 |
Dt |
|
SBI |
2279, 2180 |
2325.60 |
2331, 2400 |
Up |
|
T MOTORS |
698, 670 |
698.15 |
722, 749 |
Td |
|
TISCO |
820, 762 |
843.20 |
858, 890 |
Td |
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 not only be having positions but could even be having contrary positions in the stocks mentioned above.