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. Capital Goods, Consumer Durables, Healthcare, IT, Metals, Realty, Tech, FMCG, Oil & Psu's have ended negative in varying degrees while Banks & Auto have ended in positive territory. Volume registered a marginal decrease (read as turnover) while the undertone seemed better.
Sensex (Daily)
Last Close -18526.32 | Support -18327, 17953 | Resistance -18833, 19276
Trading Range -The Sensex opened at 18724.11, moved up to an intra-day high of 18744.55, declined to an intra-day low of 18182.83 and closed at 18526.32.
Review/Outlook -The Sensex has had a mixed trading session, has had a good opening, has moved both ways, has received selling pressure at higher levels, has come off from its intra - day low and has finally ended in negative territory on slightly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 18561 level while resistance at higher levels (18905) -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.
Kothari Prod (Daily)
Last Close - 944.25 | Support - 821, 760 | Resistance - 963, 1085
Trading Range - The scrip opened at 944.25, moved up to an intra-day high of 944.25, declined to an intra-day low of 915.00 and closed at 944.25.
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.
Sical Logist. (Daily)
Last Close - 240.65 | Support - 227, 210 | Resistance - 249, 286
Trading Range - The scrip opened at 222.00, moved up to an intra-day high of 246.95, declined to an intra-day low of 222.00 and closed at 240.65.
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.
Khoday India. (Daily)
Last Close - 262.00 | Support - 227, 165 | Resistance - 278, 320
Trading Range - The scrip opened at 243.00, moved up to an intra-day high of 263.80, declined to an intra-day low of 243.00 and closed at 262.00.
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.
Shivvani Oil. (Daily)
Last Close - 433.75 | Support - 429, 390 | Resistance - 467, 500
Trading Range - The scrip opened at 421.05, moved up to an intra-day high of 452.50, declined to an intra-day low of 406.90 and closed at 433.75.
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 |
1099, 1025 |
1103.30 |
1155, 1192 |
Tu |
|
DR. REDDY |
579, 524 |
601.25 |
610, 645 |
Sd |
|
HUL |
192, 183 |
201.90 |
203, 216 |
Sd |
|
INFOSYS |
1510, 1457 |
1531.85 |
1667, 1723 |
Os |
|
ITC |
180, 168 |
185.20 |
193, 213 |
Up |
|
RIL |
2724, 2682 |
2728.80 |
2805, 2929 |
Sd |
|
SATYAM |
406, 385 |
414.35 |
425, 443 |
Os |
|
SBI |
2180, 2050 |
2241.80 |
2279, 2331 |
Sd |
|
T MOTORS |
670, 635 |
692.00 |
698, 722 |
Dt |
|
TISCO |
762, 731 |
818.95 |
820, 858 |
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.