The market has moved up virtually from open to close and has ended sharply in positive territory. Banks, capital goods, FMCG, PSUs and the IT sector have all ended positive in varying degrees, while consumer durables and the pharma sectors have ended in negative territory.
Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.
Sensex (Daily)
Last Close -- 9394.27 Support -- 9348, 9274; Resistance -- 9500, 9600
Trading Range: The Sensex opened at 9263.38, moved up to an intra-day high of 9402.68, declined to an intra-day low of 9263.32 and closed at 9394.27.
Review/Outlook: The Sensex has reflected strength to post a fresh all time high and has also given an all time high closing on higher volume to end smartly in positive territory. The outlook continues to remain positive while a further upside especially above the 9403 level cannot be ruled out, support comes in at the 9348 level.
TTK Prestige (Daily)
Last Close -- 138.15; Support -- 135, 121; Resistance -- 150, 182
Trading Range: The scrip opened at 135.50, moved up to an intra-day high of 138.15, declined to an intra-day low of 132.50 and closed at 138.15.
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.
Garware Ship. (Daily)
Last Close -- 062.50; Support -- 059, 043; Resistance -- 067, 088
Trading Range: The scrip opened at 057.95, moved up to an intra-day high of 062.50, declined to an intra-day low of 057.95 and closed at 062.50.
Review/Outlook: The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards.
FCS Softw. (Daily)
Last Close -- 118.75; Support -- 106, 091; Resistance -- 133, 160
Trading Range: The scrip opened at 111.90, moved up to an intra-day high of 118.75, declined to an intra-day low of 111.90 and closed at 118.75.
Review/Outlook: The scrip has reflected strength by closing above the 34 day moving average and with the indicators looking positive, a further upside seems to be on the cards.
Onward Tech. (Daily)
Last Close -- 089.75; Support -- 084, 071; Resistance -- 099, 120
Trading Range: The scrip opened at 084.80, moved up to an intra-day high of 089.75, declined to an intra-day low of 084.80 and closed at 089.75.
Review/Outlook: The scrip has reflected strength by appreciating with an upward gap 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 |
542, 516 |
556.05 |
569, 600 |
Up |
|
DR. REDDY |
934, 879 |
945.35 |
998, 1089 |
Tu |
|
HLL |
192, 183 |
194.80 |
203, 216 |
Up |
|
INFOSYS |
2813, 2769 |
3017.60 |
3074, 3453 |
Up |
|
ITC |
144, 136 |
144.70 |
155, 170 |
Up |
|
RIL |
850, 810 |
857.05 |
900, 950 |
Tu |
|
SATYAM |
700, 678 |
733.15 |
750, 800 |
Up |
|
SBI |
926, 900 |
942.00 |
950, 1000 |
Tu |
|
T MOTORS |
600, 568 |
623.65 |
650, 700 |
Up |
|
TISCO |
373, 361 |
379.80 |
390, 411 |
Up |
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Sebi Disclosure: The author is an active market participant and could be having positions in the stocks mentioned above.