The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in positive territory. Metal, Capital Goods, Auto, Consumer Durables, FMCG, Oil & Psu's have ended positive in varying degrees while Banks, Healthcare & IT have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed bullish.
Sensex (Daily)
Last Close - 15732.20 | Support - 15683, 15650 | Resistance - 15800, 15900
Trading Range - The Sensex opened at 15560.57, moved up to an intra-day high of 15773.37, declined to an intra-day low of 15477.91 and closed at 15732.20.
Review/Outlook - The Sensex has had a mixed trading session, has had a decent opening, has depreciated after facing selling pressure at higher levels, but has come off from its intra - day low and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15773 level while some resistance at higher levels (15800) - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 16000+ level and support comes in at the 14600 level.
Godavari Fert. (Daily)
Last Close - 130.20 | Support - 114, 093 | Resistance - 135, 160
Trading Range - The scrip opened at 132.00, moved up to an intra-day high of 136.40, declined to an intra-day low of 126.10 and closed at 130.20.
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.
Radha Madhav. (Daily)
Last Close - 076.35 | Support - 074, 062 | Resistance - 079, 087
Trading Range - The scrip opened at 071.70, moved up to an intra-day high of 076.35, declined to an intra-day low of 071.70 and closed at 076.35.
Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Action Const. (Daily)
Last Close - 302.65 | Support - 266, 235 | Resistance - 305, 336
Trading Range - The scrip opened at 266.00, moved up to an intra-day high of 302.65, declined to an intra-day low of 266.00 and closed at 302.65.
Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Mcd Holdings. (Daily)
Last Close - 245.45 | Support - 237, 201 | Resistance - 259, 315
Trading Range - The scrip opened at 217.00, moved up to an intra-day high of 245.45, declined to an intra-day low of 217.00 and closed at 245.45.
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 |
1099, 1075 |
1139.75 |
1155, 1192 |
Up |
|
DR. REDDY |
645, 610 |
667.10 |
669, 689 |
Sd |
|
HLL |
203, 192 |
204.00 |
216, 224 |
Tu |
|
INFOSYS |
1883, 1812 |
1946.80 |
1962, 2009 |
Tu |
|
ITC |
144, 136 |
153.25 |
155, 168 |
Sd |
|
RIL |
1900, 1849 |
1910.90 |
1925, 1950 |
Up |
|
SATYAM |
475, 443 |
491.65 |
500, 538 |
Sd |
|
SBI |
1550, 1531 |
1587.25 |
1591, 1625 |
Up |
|
T MOTORS |
771, 749 |
771.15 |
811, 849 |
Up |
|
TISCO |
710, 695 |
721.00 |
725, 750 |
Up |
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.