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. Capital Goods, Consumer Durables, IT, Oil, FMCG, Metals, Banks, Auto, PSU & Healthcare have ended negative in varying degrees while no sector has ended in positive territory.
Volume registered a noticeable decrease (read as turnover) while the undertone seemed weak.
Sensex (Daily)
Last Close -- 12415.05; Support -- 12308, 12231; Resistance -- 12461, 12546
Trading Range: The Sensex opened at 12716.85, moved up to an intra-day high of 12716.85, declined to an intra-day low of 12344.44, and closed at 12415.04.
Review/Outlook: The Sensex has continued to reflect significant amount of weakness by facing continuous selling pressure after a rather volatile trading session to continue its downtrend and has finally ended in negative territory on distinctly lower volume. Volatility can be the order of the day, the negatives of the last trading session might just spill over to today's trading session indicating the possibility of an intra-day downside especially below the 12344 level while a decisive breach of this level could mean a fall to the 12150 level in a couple of trading sessions.
Vivimed Labs(Daily)
Last Close -- 179.45; Support -- 166, 140; Resistance -- 182, 215
Trading Range: The scrip opened at 198.30, moved up to an intra-day high of 198.30, declined to an intra-day low of 178.25 and closed at 179.45.
Review/Outlook -- The scrip has reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.
Amara Raja.(Daily)
Last Close -- 345.90; Support -- 323, 295; Resistance -- 358, 338
Trading Range: The scrip opened at 346.50, moved up to an intra-day high of 354.70, declined to an intra-day low of 345.90 and closed at 345.90.
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.
Ansal Infra.(Daily)
Last Close -- 530.85; Support -- 500, 455; Resistance -- 568, 620
Trading Range: The scrip opened at 541.00, moved up to an intra-day high of 541.00, declined to an intra-day low of 530.85 and closed at 530.85.
Review/Outlook: The scrip has reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.
Reliance Energy(Daily)
Last Close -- 470.05; Support -- 464, 448; Resistance -- 479, 498
Trading Range: The scrip opened at 468.00, moved up to an intra-day high of 476.90, declined to an intra-day low of 448.20 and closed at 470.05.
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 |
793, 750 |
813.20 |
829, 856 |
Dt |
|
DR. REDDY |
610, 583 |
618.65 |
645, 669 |
Os |
|
HLL |
172, 163 |
173.55 |
183, 192 |
Dt |
|
INFOSYS |
1962, 1883 |
2006.60 |
2061, 2133 |
Dt |
|
ITC |
155, 144 |
162.50 |
168, 180 |
Dt |
|
RIL |
1241, 1202 |
1259.20 |
1293, 1316 |
Td |
|
SATYAM |
406, 387 |
413.60 |
425, 443 |
Dt |
|
SBI |
950, 926 |
962.35 |
973, 1000 |
Dt |
|
T MOTORS |
722, 698 |
736.30 |
749, 771 |
Dt |
|
TISCO |
416, 406 |
420.25 |
425, 437 |
Td |
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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