The market has remained in a positive frame of mind, has come off its intra-day low and has finally ended the day in positive territory. Banks, Capital Goods, Healthcare, FMCG, IT, Metal, PSU, Consumer Durables, Auto & Oil have ended positive in varying degrees while the no sector has ended in negative territory. Volume registered a distinct decrease (read as turnover) while the undertone seemed upbeat.
Sensex (Daily)
Last Close - 12945.88 | Support - 12925, 12819 | Resistance - 13030, 13135
Trading Range - The Sensex opened at 12735.91, moved up to an intra-day high of 12964.94, declined to an intra-day low of 12664.33, and closed at 12945.88.
Review/Outlook - The Sensex has been a contrast of sorts by breaching the previous trading session's low to recover sharply to give an upward bar reversal, has come off from its intra-day low and has finally ended the day in positive territory on clearly lower volume. Volatility can be the order of the day; intra-day upside seems almost like a formality especially above the 12965 level - an upward opening gap seems like a distinctly possibility while resistance from its earlier high of 13146 cannot be ruled out.
Paradyne Inf. (Daily)
Last Close - 091.85 | Support - 088, 069 | Resistance - 100, 121
Trading Range - The scrip opened at 084.00, moved up to an intra-day high of 091.85, declined to an intra-day low of 083.50 and closed at 091.85.
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.
Diamond Cable. (Daily)
Last Close - 147.05 | Support - 136, 117 | Resistance - 149, 170
Trading Range - The scrip opened at 148.00, moved up to an intra-day high of 149.00, declined to an intra-day low of 144.00 and closed at 147.05.
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.
Nelco Limited. (Daily)
Last Close - 084.90 | Support - 077, 051 | Resistance - 086, 100
Trading Range - The scrip opened at 081.65, moved up to an intra-day high of 084.90, declined to an intra-day low of 080.10 and closed at 084.90.
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.
Garware Off. (Daily)
Last Close - 173.80 | Support - 170, 139 | Resistance - 188, 230
Trading Range - The scrip opened at 169.80, moved up to an intra-day high of 174.80, declined to an intra-day low of 163.20 and closed at 173.80.
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 |
750, 724 |
752.50` |
793, 829 |
Tu |
|
DR. REDDY |
669, 645 |
678.25 |
689, 712 |
Sd |
|
HLL |
183, 172 |
190.75 |
192, 203 |
Tu |
|
INFOSYS |
2061, 1962 |
2093.85 |
2133, 2208 |
Sd |
|
ITC |
144, 136 |
144.90 |
155, 168 |
Sd |
|
RIL |
1316, 1293 |
1340.05 |
1342, 1373 |
Sd |
|
SATYAM |
443, 425 |
451.40 |
475, 500 |
Tu |
|
SBI |
973, 950 |
982.15 |
1000, 1050 |
Sd |
|
T MOTORS |
771, 749 |
776.05 |
811, 849 |
Sd |
|
TISCO |
425, 416 |
430.05 |
437, 452 |
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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Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.