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. Consumer Durables, Auto, Metals, FMCG, Banks, PSU, Capital Goods, Oil, IT & Healthcare 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 (Daily)
Last Close - 13632.53 | Support - 13576, 13461 | Resistance - 13652, 13723
Trading Range - The Sensex opened at 14071.27, moved up to an intra-day high of 14071.27, declined to an intra-day low of 13568.08, and closed at 13632.53.
Review/Outlook - The Sensex has reflected some more weakness by facing stiff resistance at higher levels to decline for 5 trading sessions in a row, has faced significant 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 13568 level while an oversold situation on the intra-day charts could lead to a recovery.
Keynote Corp. Ser. (Daily)
Last Close - 056.10 | Support - 051, 039 | Resistance - 062, 075
Trading Range - The scrip opened at 055.00, moved up to an intra-day high of 056.10, declined to an intra-day low of 052.10 and closed at 056.10.
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.
Manappuram GF. (Daily)
Last Close - 094.95 | Support - 091, 076 | Resistance - 099, 118
Trading Range - The scrip opened at 093.00, moved up to an intra-day high of 096.70, declined to an intra-day low of 088.00 and closed at 094.95.
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.
Ssi Limited. (Daily)
Last Close - 157.70 | Support - 148, 117 | Resistance - 169, 183
Trading Range - The scrip opened at 155.00, moved up to an intra-day high of 157.70, declined to an intra-day low of 152.50 and closed at 157.70.
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.
Ansal Infra. (Daily)
Last Close - 574.65 | Support - 568, 500 | Resistance - 620, 650
Trading Range - The scrip opened at 568.00, moved up to an intra-day high of 586.00, declined to an intra-day low of 566.20 and closed at 574.65.
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 |
915.65 |
924, 979 |
Dt |
|
DR. REDDY |
669, 645 |
681.90 |
689, 712 |
Dt |
|
HLL |
183, 172 |
187.45 |
192, 203 |
Dt |
|
INFOSYS |
2208, 2133 |
2237.35 |
2270, 2325 |
Dt |
|
ITC |
155, 144 |
166.10 |
168, 180 |
Td |
|
RIL |
1409, 1373 |
1412.80 |
1450, 1500 |
Up |
|
SATYAM |
443, 425 |
448.75 |
475, 500 |
Td |
|
SBI |
1050, 1000 |
1058.40 |
1100, 1135 |
Dt |
|
T MOTORS |
811, 771 |
814.60 |
849, 888 |
Dt |
|
TISCO |
452, 437 |
459.20 |
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.