The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in positive territory. Banks, Capital Goods, IT, Metal & Psu's have ended positive in varying degrees while Consumer Durables, FMCG, Healthcare, Auto & Oil have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed cautious.
Sensex (Daily)
Last Close - 15794.92 | Support - 15683,15650 | Resistance - 15800, 15900
Trading Range - The Sensex opened at 15802.19, moved up to an intra-day high of 15868.85, declined to an intra-day low of 15742.32 and closed at 15794.92.
Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has depreciated after facing selling pressure at higher levels, but has come off from its intra - day low and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day downside (seems like a strong possibility) could come in below the 15742 level while some support at lower levels (15691) could limit the downside. The outlook seems to have turned better again while resistance comes in at the 16000+ level and support comes in at the 14800 level.
Godavari Fert. (Daily)
Last Close - 133.45 | Support - 114, 093 | Resistance - 135, 160
Trading Range - The scrip opened at 131.80, moved up to an intra-day high of 134.50, declined to an intra-day low of 129.95 and closed at 133.45.
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.
Caprihans Ltd. (Daily)
Last Close - 124.75 | Support - 118, 099 | Resistance - 132, 150
Trading Range - The scrip opened at 116.90, moved up to an intra-day high of 125.00, declined to an intra-day low of 113.60 and closed at 124.75.
Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Ok Play India. (Daily)
Last Close - 119.75 | Support - 106, 083 | Resistance - 129, 142
Trading Range - The scrip opened at 113.00, moved up to an intra-day high of 119.75, declined to an intra-day low of 110.00 and closed at 119.75.
Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Bihar Tubes. (Daily)
Last Close - 151.80 | Support - 145, 131 | Resistance - 175, 200
Trading Range - The scrip opened at 144.90, moved up to an intra-day high of 151.80, declined to an intra-day low of 144.00 and closed at 151.80.
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 |
1099, 1075 |
1117.85 |
1155, 1192 |
Up |
|
DR. REDDY |
669, 645 |
672.95 |
689, 712 |
Sd |
|
HLL |
192, 183 |
199.65 |
203, 216 |
Tu |
|
INFOSYS |
1962, 1883 |
1976.70 |
2009, 2061 |
Tu |
|
ITC |
144, 136 |
152.25 |
155, 168 |
Sd |
|
RIL |
1900, 1849 |
1911.70 |
1925, 1950 |
Up |
|
SATYAM |
500, 475 |
518.30 |
538, 575 |
Sd |
|
SBI |
1550, 1531 |
1574.95 |
1591, 1625 |
Up |
|
T MOTORS |
722, 698 |
747.30 |
749, 771 |
Up |
|
TISCO |
710, 695 |
721.10 |
725, 750 |
Up |
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.