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, Healthcare, Capital Goods, PSU, IT, Realty, Metal, Auto & Consumer Durables have ended positive in varying degrees while FMCG & Oil have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.
Sensex
Last Close - 16481.20 | Support - 16416, 16308 | Resistance - 16681, 16964
Trading Range - The Sensex opened at 16456.04, moved up to an intra-day high of 16570.57, declined to an intra-day low of 16397.17 and closed at 16481.20.
Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has faced buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 16497 level while significant resistance at higher levels (16800) - would limit the upside. The outlook has turned positive again while resistance comes in at the 16609+ level and support comes in at the 15300 level.
Vakrangee Soft
Last Close - 222.75 | Support - 207, 162 | Resistance - 232, 280
Trading Range - The scrip opened at 221.00, moved up to an intra-day high of 225.00, declined to an intra-day low of 215.10 and closed at 222.75.
Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Kaveri Tele
Last Close - 239.35 | Support - 233, 214 | Resistance - 279, 309
Trading Range - The scrip opened at 240.00, moved up to an intra-day high of 249.00, declined to an intra-day low of 235.10 and closed at 239.35.
Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Bang Overseas
Last Close - 176.25 | Support - 172, 144 | Resistance - 207, 232
Trading Range - The scrip opened at 177.30, moved up to an intra-day high of 184.80, declined to an intra-day low of 174.20 and closed at 176.25.
Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Asian Oil
Last Close - 202.95 | Support - 188, 148 | Resistance - 254, 306
Trading Range - The scrip opened at 197.95, moved up to an intra-day high of 202.95, declined to an intra-day low of 193.90 and closed at 202.95.
Review/Outlook - The scrip has reflected strength by appreciating 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 |
778, 750 |
799.40 |
829, 856 |
Tu |
|
DR. REDDY |
579, 530 |
606.30 |
610, 645 |
Tu |
|
HUL |
224, 216 |
232.40 |
240, 252 |
Tu |
|
INFOSYS |
1510, 1457 |
1666.45 |
1667, 1723 |
Up |
|
ITC |
193, 180 |
211.05 |
213, 227 |
Up |
|
RIL |
2615, 2539 |
2636.95 |
2684, 2724 |
Up |
|
SATYAM |
443, 425 |
468.95 |
475, 522 |
Up |
|
SBI |
1624, 1539 |
1682.85 |
1760, 1802 |
Tu |
|
T MOTORS |
600, 567 |
618.10 |
635, 670 |
Sd |
|
T STEEL |
695, 670 |
715.20 |
731, 762 |
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 not only be having positions but could even be having contrary positions in the stocks mentioned above.