The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in negative territory. Consumer Durables, Capital Goods, FMCG, PSU, Oil & Metals have ended positive in varying degrees while Banks, Healthcare, IT & Auto have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed better.
Sensex (Daily)
Last Close - 15542.77 | Support - 15440, 15341 | Resistance - 15773, 15812
Trading Range - The Sensex opened at 15668.40, moved up to an intra-day high of 15698.98, declined to an intra-day low of 15506.10 and closed at 15542.77.
Review/Outlook - The Sensex has had a mixed trading session, has had a strong opening, has depreciated after facing selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 15569 level while resistance at higher levels (15716) - would limit the upside. The outlook seems to be turning bullish again while resistance comes in at the 16400+ level and support comes in at the 14005 level.
Birla Kenna. (Daily)
Last Close - 299.95 | Support - 295, 255 | Resistance - 345, 396
Trading Range -The scrip opened at 292.95, moved up to an intra-day high of 299.95, declined to an intra-day low of 277.00 and closed at 299.95.
Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Jayant Agro. (Daily)
Last Close - 097.40 | Support - 091, 077 | Resistance - 112, 131
Trading Range - The scrip opened at 093.45, moved up to an intra-day high of 097.40, declined to an intra-day low of 093.00 and closed at 097.40.
Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Gontermann Peip. (Daily)
Last Close - 092.55 | Support - 088, 071 | Resistance - 100, 125
Trading Range - The scrip opened at 089.70, moved up to an intra-day high of 092.55, declined to an intra-day low of 088.50 and closed at 092.55.
Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Sh. Precoated. (Daily)
Last Close - 399.30 | Support - 363, 315 | Resistance - 419, 470
Trading Range - The scrip opened at 384.40, moved up to an intra-day high of 399.30, declined to an intra-day low of 381.30 and closed at 399.30.
Review/Outlook - The scrip has reflected strength by appreciating 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 |
1104.05 |
1155, 1192 |
Up |
|
DR. REDDY |
645, 610 |
651.20 |
669, 689 |
Up |
|
HUL |
216, 203 |
217.05 |
224, 240 |
Up |
|
INFOSYS |
1785, 1723 |
1823.20 |
1834, 1878 |
Tu |
|
ITC |
180, 168 |
183.80 |
193, 213 |
Up |
|
RIL |
1948, 1911 |
1986.30 |
2000, 2050 |
Up |
|
SATYAM |
425, 406 |
433.25 |
443, 471 |
Sd |
|
SBI |
1608, 1591 |
1622.20 |
1652, 1726 |
Up |
|
T MOTORS |
670, 635 |
689.95 |
698, 722 |
Tu |
|
TISCO |
695, 670 |
708.70 |
731, 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.