The market has actually moved just one way, has come off its intra-day low and has finally ended the day smartly in positive territory. Healthcare, FMCG, IT, Banks, Oil, Metals, Capital Goods, Consumer Durables, Auto & PSU's have ended positive in varying degrees while the no sector has ended in negative territory. Volume registered a marginal decrease (read as turnover) while the undertone seemed hopeful.
Sensex (Daily)
Last Close - 13487.16 | Support - 13461, 13390 | Resistance - 13576, 13652
Trading Range - The Sensex opened at 13256.81, moved up to an intra-day high of 13524.77, declined to an intra-day low of 13239.79 and closed at 13487.16.
Review/Outlook - The Sensex has reflected some amount of relative strength by opening with an upward gap and has recovered to virtually end at the day's highest point in positive territory on wafer-thin lower volume. Volatility can be the order of the day, the positives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day upside while it would be slightly premature to comment on the sustainability factor.
SSI Limited. (Daily)
Last Close - 173.10 | Support - 169, 148 | Resistance - 183, 204
Trading Range - The scrip opened at 158.25, moved up to an intra-day high of 173.10, declined to an intra-day low of 157.00 and closed at 173.10.
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.
Rajesh Exports. (Daily)
Last Close - 329.85 | Support - 328, 260 | Resistance - 353, 400
Trading Range - The scrip opened at 318.00, moved up to an intra-day high of 329.85, declined to an intra-day low of 318.00 and closed at 329.85.
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.
Simplex Real. (Daily)
Last Close - 229.05 | Support - 224, 193 | Resistance - 260, 305
Trading Range - The scrip opened at 215.00, moved up to an intra-day high of 229.70, declined to an intra-day low of 215.00 and closed at 229.05.
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.
Gvk Power. (Daily)
Last Close - 298.60 | Support - 279, 233 | Resistance - 300, 333
Trading Range - The scrip opened at 297.40, moved up to an intra-day high of 300.15, declined to an intra-day low of 287.05 and closed at 298.60.
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 |
1022, 979 |
1031.65 |
1061, 1110 |
Sd |
|
DR. REDDY |
795, 757 |
804.85 |
840, 877 |
Up |
|
HLL |
224, 216 |
227.40 |
240, 252 |
Sd |
|
INFOSYS |
2100, 2000 |
2197.80 |
2200, 2300 |
Sd |
|
ITC |
168, 155 |
177.00 |
180, 190 |
Sd |
|
RIL |
1241, 1195 |
1261.50 |
1293, 1350 |
Sd |
|
SATYAM |
443, 430 |
467.60 |
475, 500 |
Tu |
|
SBI |
1190, 1100 |
1222.95 |
1250, 1300 |
Sd |
|
T MOTORS |
849, 811 |
853.35 |
888, 920 |
Sd |
|
TISCO |
425, 411 |
435.90 |
437, 452 |
Dt |
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.
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