The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in positive territory. Banks, IT, Auto, Oil & PSU's have ended positive in varying degrees while Capital Goods, Healthcare, Consumer Durables, FMCG & Metals have ended in negative territory. Volume registered a clear increase (read as turnover) while the undertone seemed bullish.
Sensex
Last Close - 13796.16 | Support - 13723, 13652 | Resistance - 13857, 13931
Trading Range - The Sensex opened at 13691.86, moved up to an intra-day high of 13864.18, declined to an intra-day low of 13554.34 and closed at 13796.16.
Review/Outlook - The Sensex has reflected significant amount of strength and despite a gap down opening, has received significant buying support to cover up all its losses to come off sharply from its intra-day low and has finally ended in positive territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 13864 level while some resistance comes in at higher levels (14040 which could limit the upside) while a positive bias cannot be ruled out. The outlook seems to be turning better again while resistance comes in at the 14400+ level and support comes in at the 13600 level.
Ansal Infra
Last Close - 312.10 | Support - 290, 258 | Resistance - 364, 408
Trading Range - The scrip opened at 294.30, moved up to an intra-day high of 312.10, declined to an intra-day low of 290.00 and closed at 312.10.
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.
Sh. Ashtavinayak
Last Close - 177.25 | Support - 177, 157 | Resistance - 228, 269
Trading Range - The scrip opened at 167.00, moved up to an intra-day high of 177.25, declined to an intra-day low of 161.20 and closed at 177.25.
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.
Jmc Proj
Last Close - 254.10 | Support - 248, 209 | Resistance - 279, 295
Trading Range - The scrip opened at 240.05, moved up to an intra-day high of 254.30, declined to an intra-day low of 239.00 and closed at 254.10.
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.
Camphor & Allied
Last Close - 116.10 | Support - 095, 072 | Resistance - 120, 150
Trading Range - The scrip opened at 110.00, moved up to an intra-day high of 116.10, declined to an intra-day low of 110.00 and closed at 116.10.
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 |
850.35 |
856, 892 |
Up |
|
DR. REDDY |
669, 645 |
683.45 |
689, 712 |
Td |
|
HLL |
183, 172 |
185.45 |
192, 203 |
Td |
|
INFOSYS |
1962, 1883 |
2000.15 |
2061, 2133 |
Sd |
|
ITC |
155, 144 |
162.05 |
168, 180 |
Tu |
|
RIL |
1547, 1496 |
1590.25 |
1625, 1700 |
Up |
|
SATYAM |
443, 425 |
454.35 |
475, 500 |
Sd |
|
SBI |
1135, 1100 |
1149.20 |
1166, 1190 |
Tu |
|
T MOTORS |
698, 670 |
715.45 |
722, 749 |
Sd |
|
TISCO |
543, 518 |
569.05 |
570, 593 |
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.