The market has had a volatile trading session to basically come off its intra-day high and has finally ended the day in negative territory. Consumer Durables, FMCG, IT, Auto, PSU's, Oil & Pharma have ended positive in varying degrees while Banks, Capital Goods & Metals have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed mixed.
Sensex (Daily)
Last Close - 11465.72 | Support - 11453, 11356 | Resistance - 11536, 11618
Trading Range - The Sensex opened at 11498.51, moved up to an intra-day high of 11508.17, declined to an intra-day low of 11409.11 and closed at 11465.72.
Review/Outlook - The Sensex has faced alternate bouts of both, buying & selling and has come off its intra-day high to just about end in negative territory on noticeably lower volume and has managed to close above the 11000 level for the eighth trading session in a row. The outlook seems to be improving and despite the extreme volatility, a range bound movement cannot be ruled out while the intra-day charts seem rather hazy and an upside could come in only above the 11509 level - the sanctity of the 11330 level needs to be maintained at all times.
Vardh. Hold. (Daily)
Last Close - 412.70 | Support - 393, 339 | Resistance - 455, 505
Trading Range - The scrip opened at 395.00, moved up to an intra-day high of 412.70, declined to an intra-day low of 395.00 and closed at 412.70.
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.
GVK Power. (Daily)
Last Close - 189.65 | Support - 180, 152 | Resistance - 220, 279
Trading Range - The scrip opened at 173.90, moved up to an intra-day high of 189.65, declined to an intra-day low of 170.00 and closed at 189.65.
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.
KLG Systel. (Daily)
Last Close - 178.20 | Support - 150, 121 | Resistance - 190, 253
Trading Range - The scrip opened at 172.30, moved up to an intra-day high of 178.20, declined to an intra-day low of 170.50 and closed at 178.20.
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.
Manugraph Ind. (Daily)
Last Close - 212.65 | Support - 200, 176 | Resistance - 244, 300
Trading Range - The scrip opened at 197.00, moved up to an intra-day high of 212.65, declined to an intra-day low of 197.00 and closed at 212.65.
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 |
892, 856 |
902.65 |
924, 979 |
Tu |
|
DR. REDDY |
1466, 1400 |
1494.95 |
1514, 1589 |
Tu |
|
HLL |
224, 216 |
237.80 |
240, 252 |
Tu |
|
INFOSYS |
1721, 1661 |
1761.70 |
1800, 1900 |
Up |
|
ITC |
180, 168 |
180.00 |
190, 210 |
Up |
|
RIL |
1041, 1001 |
1055.50 |
1083, 1109 |
Tu |
|
SATYAM |
770, 752 |
792.85 |
810, 830 |
Tu |
|
SBI |
871, 850 |
878.70 |
900, 926 |
Up |
|
T MOTORS |
849, 811 |
849.95 |
888, 944 |
Up |
|
TISCO |
500, 480 |
512.55 |
530, 550 |
Sd |
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.
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