The market has remained in a negative frame of mind, has come off its intra-day high and has finally ended the day in negative territory. FMCG, Banks, PSU, Capital Goods, Oil, IT & Healthcare have ended negative in varying degrees while Consumer Durables, Auto & Metals have ended in positive territory. Volume registered a nominal increase (read as turnover) while the undertone seemed subdued.
Sensex
Last Close - 14188.49 | Support - 14171, 14035 | Resistance - 14243, 14325
Trading Range - The Sensex opened at 14199.07, moved up to an intra-day high of 14312.88, declined to an intra-day low of 14157.72, and closed at 14188.49.
Review/Outlook - The Sensex has reflected some more heaviness by facing stiff resistance at higher levels after a 675 point rise in merely 3 trading sessions, has faced significant pressure to come off from its intra-day high and has finally ended in negative territory on marginally higher volume. Volatility can be the order of the day, the minor positives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day upside especially above the 14220 level while support comes in at the 14010 14040 levels.
Suashish Diamonds
Last Close - 216.55 | Support - 200, 166 | Resistance - 230, 254
Trading Range - The scrip opened at 210.00, moved up to an intra-day high of 216.55, declined to an intra-day low of 210.00 and closed at 216.55.
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.
Pyramid Saimira
Last Close - 371.15 | Support - 369, 313 | Resistance - 410, 488
Trading Range - The scrip opened at 358.00, moved up to an intra-day high of 371.15, declined to an intra-day low of 348.00 and closed at 371.15.
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.
Donear Ind
Last Close - 206.30 | Support - 182, 134 Resistance - 207, 231
Trading Range - The scrip opened at 201.50, moved up to an intra-day high of 209.00, declined to an intra-day low of 194.00 and closed at 206.30.
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.
Hind. Everest
Last Close - 043.10 | Support - 041, 034 | Resistance - 051, 063
Trading Range - The scrip opened at 042.40, moved up to an intra-day high of 043.10, declined to an intra-day low of 041.00 and closed at 043.10s
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 |
994, 979 |
1008.00 |
1022, 1061 |
Td |
|
DR. REDDY |
712, 689 |
729.50 |
733, 757 |
Sd |
|
HLL |
192, 183 |
195.50 |
203, 216 |
Dt |
|
INFOSYS |
2270, 2208 |
2312.90 |
2325, 2400 |
Sd |
|
ITC |
168, 155 |
174.70 |
180, 190 |
Up |
|
RIL |
1373, 1342 |
1406.15 |
1409, 1450 |
Up |
|
SATYAM |
443, 425 |
462.20 |
475, 500 |
Sd |
|
SBI |
1100, 1050 |
1106.40 |
1135, 1166 |
Sd |
|
T MOTORS |
849, 811 |
858.90 |
888, 920 |
Td |
|
TISCO |
452, 437 |
455.20 |
466, 480 |
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.