The market has remained in a negative frame of mind, has come off its intra-day high and has finally ended the day in negative territory. Banks, Capital Goods, FMCG, IT, Auto, Consumer Durables, Healthcare, Metals, Oil & PSU's have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed subdued.
Sensex
Last Close - 14090.92 | Support - 14035, 13931 | Resistance - 14171, 14243
Trading Range - The Sensex opened at 14219.38, moved up to an intra-day high of 14269.31, declined to an intra-day low of 14045.61 and closed at 14090.92.
Review/Outlook - The Sensex has reflected near term weakness by not being able to sustain itself at higher levels, has remained under pressure to come off from its intra-day high and has finally ended in negative territory on distinctly higher volume. Volatility can be the order of the day, the negatives of the last trading session might just spill over to today's trading session indicating the possibility of an intra-day downside especially below the 14045 level while strong support at lower levels (14025) could mean a rather limited downside.
Bhartiya Int'nl
Last Close - 221.95 | Support - 218, 194 | Resistance - 247, 287
Trading Range - The scrip opened at 219.80, moved up to an intra-day high of 229.00, declined to an intra-day low of 218.00 and closed at 221.95.
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.
Surya Roshni
Last Close - 074.70 | Support - 068, 050 | Resistance - 083, 115
Trading Range - The scrip opened at 067.95, moved up to an intra-day high of 074.70, declined to an intra-day low of 067.00 and closed at 074.70s
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.
GE Cap. Trans
Last Close - 155.30 | Support - 146, 107 | Resistance - 162, 184
Trading Range - The scrip opened at 152.00, moved up to an intra-day high of 155.30, declined to an intra-day low of 149.50 and closed at 155.30.
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.
Ruby Mills
Last Close - 625.90 | Support - 625, 587 | Resistance - 650, 675
Trading Range - The scrip opened at 625.00, moved up to an intra-day high of 625.90, declined to an intra-day low of 600.00 and closed at 625.90.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
979, 924 |
1020.25 |
1022, 1061 |
Td |
|
DR. REDDY |
733, 700 |
742.80 |
757, 795 |
Td |
|
HLL |
203, 192 |
208.20 |
216, 224 |
Td |
|
INFOSYS |
2208, 2163 |
2244.45 |
2270, 2325 |
Tu |
|
ITC |
168, 155 |
173.70 |
180, 190 |
Up |
|
RIL |
1342, 1316 |
1364.60 |
1373, 1409 |
Up |
|
SATYAM |
443, 430 |
472.35 |
475, 500 |
Td |
|
SBI |
1135, 1100 |
1138.05 |
1166, 1190 |
Td |
|
T MOTORS |
849, 811 |
877.75 |
888, 920 |
Td |
|
TISCO |
452, 437 |
463.95 |
466, 480 |
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.