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 & Consumer Durables have ended positive in varying degrees while Healthcare, Banks, Oil, PSU, Metal, Auto, IT & FMCGs have ended in negative territory. Volume registered a sharp increase (read as turnover) while the undertone seemed hopeful.
Sensex (Daily)
Last Close - 14411.38 | Support - 14325, 14243 | Resistance - 14454, 14524
Trading Range - The Sensex opened at 14501.46, moved up to an intra-day high of 14576.37, declined to an intra-day low of 14379.21 and closed at 14411.38.
Review/Outlook - The Sensex has reflected some amount of late weakness, has had a slightly positive opening, has received significant selling pressure to come off from its intra-day high and has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 14435 level while some resistance at higher levels (14620) - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 14600+ level and support comes in at the 14040 level.
Hind. Oil. Exp. (Daily)
Last Close - 111.90 | Support - 109, 085 | Resistance - 127, 149
Trading Range - The scrip opened at 110.10, moved up to an intra-day high of 115.45, declined to an intra-day low of 108.00 and closed at 111.90.
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.
Prime Securities. (Daily)
Last Close - 059.40 | Support - 055, 044 | Resistance - 060, 069
Trading Range - The scrip opened at 058.20, moved up to an intra-day high of 060.30, declined to an intra-day low of 057.50 and closed at 059.40.
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. (Daily)
Last Close - 201.60 | Support - 177, 157 | Resistance - 228, 269
Trading Range - The scrip opened at 192.75, moved up to an intra-day high of 201.60, declined to an intra-day low of 189.20 and closed at 201.60.
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.
Eicher Motors. (Daily)
Last Close - 353.15 | Support - 329, 299 | Resistance - 369, 394
Trading Range - The scrip opened at 351.75, moved up to an intra-day high of 353.15, declined to an intra-day low of 332.00 and closed at 353.15.
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 |
861.70 |
892, 924 |
Sd |
|
DR. REDDY |
645, 610 |
654.40 |
669, 689 |
Os |
|
HLL |
192, 183 |
198.70 |
203, 216 |
Sd |
|
INFOSYS |
1883, 1812 |
1904.30 |
1962, 2061 |
Sd |
|
ITC |
155, 144 |
162.35 |
168, 180 |
Sd |
|
RIL |
1737, 1705 |
1752.95 |
1785, 1820 |
Up |
|
SATYAM |
443, 425 |
465.20 |
475, 500 |
Tu |
|
SBI |
1304, 1281 |
1324.75 |
1332, 1379 |
Up |
|
T MOTORS |
722, 698 |
742.15 |
749, 771 |
Tu |
|
TISCO |
617, 593 |
627.75 |
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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Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.