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. FMCG, Pharma, IT, Auto, PSU's, Oil & Capital Goods have ended negative in varying degrees while Banks, Consumer Durables & Metals have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed subdued.
Sensex (Daily)
Last Close - 11502.62 | Support - 11453, 11356 | Resistance - 11536, 11618
Trading Range - The Sensex opened at 11547.42, moved up to an intra-day high of 11619.86, declined to an intra-day low of 11460.93 and closed at 11502.62.
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 higher volume and has managed to close above the 11000 level for the tenth 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 a downside could come in only below the 11460 level - the sanctity of the 11330 level needs to be maintained at all times.
GTC Ind. (Daily)
Last Close - 159.90 | Support - 150, 129 | Resistance - 164, 195
Trading Range - The scrip opened at 154.40, moved up to an intra-day high of 159.90, declined to an intra-day low of 153.50 and closed at 159.90.
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.
Vivimed Lab. (Daily)
Last Close - 173.10 | Support - 166, 140 | Resistance - 182, 215
Trading Range - The scrip opened at 165.95, moved up to an intra-day high of 173.10, declined to an intra-day low of 164.10 and closed at 173.10.
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.
Nectar Life. (Daily)
Last Close - 146.80 | Support - 140, 118 | Resistance - 162, 199
Trading Range - The scrip opened at 146.00, moved up to an intra-day high of 149.20, declined to an intra-day low of 145.60 and closed at 146.80.
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.
Gitanjali Gems. (Daily)
Last Close - 176.95 | Support - 170, 144 | Resistance - 186, 219
Trading Range - The scrip opened at 169.00, moved up to an intra-day high of 176.95, declined to an intra-day low of 169.00 and closed at 176.95.
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 |
906.65 |
924, 979 |
Tu |
DR. REDDY |
1400, 1342 |
1439.85 |
1466, 1514 |
Sd |
HLL |
224, 216 |
232.25 |
240, 252 |
Tu |
INFOSYS |
1721, 1661 |
1782.15 |
1800, 1900 |
Up |
ITC |
180, 168 |
181.70 |
190, 210 |
Up |
RIL |
1041, 1001 |
1064.85 |
1083, 1109 |
Tu |
SATYAM |
770, 752 |
794.15 |
810, 830 |
Tu |
SBI |
871, 850 |
877.90 |
900, 926 |
Up |
T MOTORS |
811, 770 |
845.65 |
849, 888 |
Up |
TISCO |
500, 480 |
515.25 |
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.
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.