The market has remained in a positive state of mind, has come off its intra-day low and has finally ended the day in positive territory. Capital Goods, Healthcare, FMCG, IT Auto, Consumer Durables, Banks, Metals, PSU & Oil have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed hopeful.
Sensex
Last Close - 14424.87 | Support - 14325, 14243 | Resistance - 14454, 14524
Trading Range - The Sensex opened at 14237.26, moved up to an intra-day high of 14455.49, declined to an intra-day low of 14163.61 and closed at 14424.87.
Review/Outlook - The Sensex has had a stable trading session, has had a strong opening, has appreciated after receiving buying support even at higher levels, has come off from its intra - day low and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a formality) could come in above the 14455 level while resistance at higher levels (14695) - would limit the upside. The outlook seems to be turning stable again while resistance comes in at the 16000+ level and support comes in at the 14005 level.
Kothari Prod
Last Close - 690.75 | Support - 672, 585 | Resistance - 754, 841
Trading Range - The scrip opened at 688.80, moved up to an intra-day high of 690.75, declined to an intra-day low of 671.05 and closed at 690.75.
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.
Schrader Dun
Last Close - 332.05 | Support - 326, 295 | Resistance - 360, 400
Trading Range - The scrip opened at 332.05, moved up to an intra-day high of 332.05, declined to an intra-day low of 325.05 and closed at 332.05.
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.
Tempt. Foods
Last Close - 160.65 | Support - 121, 091 | Resistance - 163, 198
Trading Range - The scrip opened at 159.00, moved up to an intra-day high of 162.05, declined to an intra-day low of 150.00 and closed at 160.65.
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.
Indiabulls
Last Close - 478.95 | Support - 443, 411 | Resistance - 514, 563
Trading Range - The scrip opened at 475.00, moved up to an intra-day high of 491.40, declined to an intra-day low of 464.00 and closed at 478.95.
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 |
994, 965 |
1010.35 |
1025, 1057 |
Tu |
|
DR. REDDY |
610, 579 |
627.40 |
645, 669 |
Sd |
|
HUL |
192, 183 |
199.70 |
203, 216 |
Sd |
|
INFOSYS |
1785, 1723 |
1823.20 |
1834, 1878 |
Td |
|
ITC |
155, 144 |
161.90 |
168, 180 |
Tu |
|
RIL |
1737, 1705 |
1774.50 |
1785, 1834 |
Tu |
|
SATYAM |
425, 406 |
436.80 |
443, 471 |
Tu |
|
SBI |
1402, 1362 |
1466.25 |
1470, 1509 |
Sd |
|
T MOTORS |
635, 610 |
657.65 |
698, 722 |
Sd |
|
TISCO |
570, 543 |
582.35 |
593, 617 |
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 even be having contrary positions in the stocks mentioned above.