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. Healthcare, Banks, Oil, PSU, Metal, Auto, IT, FMCG, Capital Goods & Consumer Durables have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a sharp decrease (read as turnover) while the undertone seemed better.
Sensex
Last Close - 14544.46 | Support - 14524, 14454 - Resistance - 14620, 14723
Trading Range - The Sensex opened at 14451.31, moved up to an intra-day high of 14573.81, declined to an intra-day low of 14448.57 and closed at 14544.46.
Review/Outlook - The Sensex has reflected some amount of strength, has had a rather positive opening, has received significant buying support to 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 distinct possibility) could come in above the 14574 level while some resistance at higher levels (14673) - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 14700+ level and support comes in at the 14040 level.
Gtc industries
Last Close - 168.75 | Support - 145, 104 | Resistance - 174, 188
Trading Range - The scrip opened at 166.40, moved up to an intra-day high of 168.75, declined to an intra-day low of 166.40 and closed at 168.75.
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.
Prime Securities
Last Close - 063.15 | Support - 060, 044 | Resistance - 069, 080
Trading Range - The scrip opened at 060.50, moved up to an intra-day high of 065.40, declined to an intra-day low of 060.00 and closed at 063.15.
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.
Shree Ashtavinayak
Last Close - 210.75 | Support - 177, 157 | Resistance - 228, 269
Trading Range - The scrip opened at 204.70, moved up to an intra-day high of 210.90, declined to an intra-day low of 200.00 and closed at 210.75.
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.
United Brew
Last Close - 683.80 | Support - 660, 616 | Resistance - 726, 799
Trading Range - The scrip opened at 638.00, moved up to an intra-day high of 683.80, declined to an intra-day low of 630.00 and closed at 683.80.
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 |
829, 793 |
855.60 |
856, 892 |
Sd |
|
DR. REDDY |
645, 610 |
649.45 |
669, 689 |
Sd |
|
HLL |
203, 192 |
203.50 |
216, 224 |
Sd |
|
INFOSYS |
1883, 1812 |
1920.25 |
1962, 2061 |
Sd |
|
ITC |
155, 144 |
163.60 |
168, 180 |
Sd |
|
RIL |
1737, 1705 |
1760.20 |
1785, 1820 |
Up |
|
SATYAM |
443, 425 |
469.60 |
475, 500 |
Tu |
|
SBI |
1332, 1304 |
1352.40 |
1379, 1400 |
Up |
|
T MOTORS |
749, 722 |
757.50 |
771, 811 |
Up |
|
TISCO |
617, 593 |
632.20 |
646, 670 |
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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