The market has actually moved with an upward gap, has come off its intra-day low and has finally ended the day in positive territory. Banks, Oil, Consumer Durables, FMCG, Metals, PSU, Capital Goods, Healthcare, IT & Auto have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a decent increase (read as turnover) while the undertone seemed upbeat.
Sensex
Last Close - 14129.64 | Support - 14100, 14035 | Resistance - 14200, 14300
Trading Range - The Sensex opened at 14110.44, moved up to an intra-day high of 14202.12, declined to an intra-day low of 14103.12 and closed at 14129.64.
Review/Outlook - The Sensex has reflected some amount of strength by moving up virtually one way in a hectic trading session with movement basically in an upward direction but has come off sharply from its intra-day high to finally end in positive territory on marginally higher volume. Volatility can be the order of the day, the positives of the last trading session are not expected to spill over to today's trading session indicating the possibility of an intra-day downside especially below the 14103 level while support comes in at the 14057 level.
Phillips Carbon
Last Close - 136.60 | Support - 126, 102 | Resistance - 139, 160
Trading Range - The scrip opened at 136.50, moved up to an intra-day high of 136.60, declined to an intra-day low of 132.00 and closed at 136.60.
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.
Gmr Ind
Last Close - 337.50 | Support - 310, 257 | Resistance - 368, 440
Trading Range - The scrip opened at 330.00, moved up to an intra-day high of 337.50, declined to an intra-day low of 330.00 and closed at 337.50.
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.
Heritage Foods
Last Close - 224.75 | Support - 218, 192 | Resistance - 228, 260
Trading Range - The scrip opened at 215.10, moved up to an intra-day high of 224.75, declined to an intra-day low of 210.00 and closed at 224.75.
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.
Ruby Mills
Last Close - 461.65 | Support - 440, 367 | Resistance - 475, 525
Trading Range - The scrip opened at 442.55, moved up to an intra-day high of 461.65, declined to an intra-day low of 442.55 and closed at 461.65.
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 |
1061, 1022 |
1083.60 |
1110, 1155 |
Sd |
|
DR. REDDY |
795, 757 |
805.35 |
840, 877 |
Sd |
|
HLL |
216, 203 |
221.70 |
224, 240 |
Tu |
|
INFOSYS |
2208, 2133 |
2243.05 |
2270, 2325 |
Sd |
|
ITC |
168, 155 |
171.40 |
180, 190 |
Sd |
|
RIL |
1350, 1293 |
1364.65 |
1400, 1450 |
Up |
|
SATYAM |
500, 475 |
500.55 |
538, 600 |
Td |
|
SBI |
1190, 1166 |
1222.00 |
1250, 1300 |
Sd |
|
T MOTORS |
944, 920 |
946.75 |
970, 990 |
Sd |
|
TISCO |
480, 466 |
485.70 |
500, 518 |
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.
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