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, Consumer Durables, Healthcare, IT, Auto, Metals, Realty, Tech, Banks, FMCG, Oil & Psu's have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed shaky.
Sensex (Daily)
Last Close - 19280.80 | Support - 19276, 18833 | Resistance - 19621, 19984
Trading Range - The Sensex opened at 19510.94, moved up to an intra-day high of 19714.22, declined to an intra-day low of 19196.42 and closed at 19280.80.
Review/Outlook - The Sensex has had a mixed trading session, has had a weak opening, has moved both ways, has received 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 downside (seems like a possibility) could come in below the 19198 level while strong support at lower levels (19000) - would limit the downside. The outlook has turned bullish again while resistance comes in at the 21200+ level and support comes in at the 18833 level.
Mukta Arts. (Daily)
Last Close - 146.20 | Support - 133, 105 | Resistance - 150, 200
Trading Range - The scrip opened at 139.80, moved up to an intra-day high of 146.20, declined to an intra-day low of 135.20 and closed at 146.20.
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. (Daily)
Last Close - 425.10 | Support - 393, 371 | Resistance - 450, 500
Trading Range - The scrip opened at 403.00, moved up to an intra-day high of 425.10, declined to an intra-day low of 403.00 and closed at 425.10.
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.
Tilaknagar Ind. (Daily)
Last Close - 233.65 | Support - 215, 170 | Resistance - 240, 300
Trading Range - The scrip opened at 234.80, moved up to an intra-day high of 237.15, declined to an intra-day low of 221.05 and closed at 233.65.
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.
Bartonics In. (Daily)
Last Close - 250.45 | Support - 228, 195 | Resistance - 255, 288
Trading Range - The scrip opened at 251.45, moved up to an intra-day high of 265.30, declined to an intra-day low of 238.25 and closed at 250.45.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
1025, 994 |
1084.65 |
1099, 1155 |
Tu |
|
DR. REDDY |
610, 579 |
617.30 |
645, 669 |
Sd |
|
HUL |
203, 192 |
205.30 |
216, 224 |
Sd |
|
INFOSYS |
1510, 1457 |
1564.40 |
1667, 1723 |
Dt |
|
ITC |
193, 180 |
196.55 |
213, 230 |
Up |
|
RIL |
2724, 2682 |
2786.95 |
2805, 2929 |
Up |
|
SATYAM |
406, 385 |
418.55 |
425, 443 |
Dt |
|
SBI |
2279, 2180 |
2279.60 |
2331, 2400 |
Up |
|
T MOTORS |
698, 670 |
707.85 |
722, 749 |
Td |
|
TISCO |
858, 820 |
859.55 |
890, 924 |
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 not only be having positions but could even be having contrary positions in the stocks mentioned above.