The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in negative territory. Capital Goods, Healthcare, Consumer Durables, IT, Auto, Metals & Oil have ended negative in varying degrees while Banks, FMCG, Healthcare & PSU's have ended in negative territory. Volume registered a marginal increase (read as turnover) while the undertone seemed bullish.
Sensex (Daily)
Last Close - 13929.33 | Support - 13857, 13723 Resistance - 13931, 14035
Trading Range - The Sensex opened at 13948.91, moved up to an intra-day high of 14023.86, declined to an intra-day low of 13885.46 and closed at 13929.33.
Review/Outlook - The Sensex has reflected some minor weakness and despite a negative opening, has received significant selling pressure to give up all of its gains to come off from its intra-day high and has finally ended in negative territory on mildly higher volume. Volatility can be the order of the day; a mild intra-day downside (could be a possibility) could come in below the 13900 level while some support comes in at lower levels (13864 - which could limit the downside) while a mixed 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.
Pratibha Ind. (Daily)
Last Close - 234.20 | Support - 219, 181 | Resistance - 251, 278
Trading Range - The scrip opened at 223.50, moved up to an intra-day high of 234.20, declined to an intra-day low of 223.25 and closed at 234.20.
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 (Daily)
Last Close - 190.20 | Support - 177, 157 | Resistance - 228, 269
Trading Range - The scrip opened at 174.20, moved up to an intra-day high of 190.45, declined to an intra-day low of 174.20 and closed at 190.20.
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.
Bartronics. (Daily)
Last Close - 126.75 | Support - 118, 109 | Resistance - 133, 155
Trading Range - The scrip opened at 115.90, moved up to an intra-day high of 126.75, declined to an intra-day low of 115.90 and closed at 126.75.
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.
Fortis Fin. Ser. (Daily)
Last Close - 103.30 | Support - 099, 082 | Resistance - 106, 127
Trading Range - The scrip opened at 098.00, moved up to an intra-day high of 103.30, declined to an intra-day low of 097.00 and closed at 103.30.
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 |
856, 829 |
875.10 |
892, 924 |
Up |
|
DR. REDDY |
645, 610 |
657.45 |
669, 689 |
Os |
|
HLL |
192, 183 |
193.10 |
203, 216 |
Td |
|
INFOSYS |
1962, 1883 |
1972.55 |
2061, 2133 |
Sd |
|
ITC |
155, 144 |
161.95 |
168, 180 |
Tu |
|
RIL |
1547, 1496 |
1597.85 |
1625, 1700 |
Up |
|
SATYAM |
443, 425 |
452.15 |
475, 500 |
Sd |
|
SBI |
1225, 1190 |
1226.65 |
1281, 1350 |
Up |
|
T MOTORS |
698, 670 |
714.60 |
722, 749 |
Sd |
|
TISCO |
570, 543 |
591.60 |
593, 617 |
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.
DISCLAIMER : While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.
Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.