Sensex (Daily)
Last Close - 17491.39 | Support 17361, 17188| Resistance 17494, 17953
Trading Range - The Sensex opened at 17901.94, moved up to an intra-day high of 17982.59, declined to an intra-day low of 17322.14 and closed at 17491.39.
Review/Outlook - The Sensex has had a mixed trading session, has had a good opening, has moved both ways, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 17322 level while support at lower levels (17144) would limit the downside. The outlook has turned bullish again while resistance comes in at the 19200+ level and support comes in at the 16800 level.
Panch. Steel. (Daily)
Last Close - 310.50 | Support 275, 228 | Resistance - 325, 350
Trading Range - The scrip opened at 255.00, moved up to an intra-day high of 318.00, declined to an intra-day low of 225.10 and closed at 310.50.
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.
Ifb Agro. (Daily)
Last Close - 098.85 | Support 095, 077 | Resistance - 102, 116
Trading Range - The scrip opened at 098.90, moved up to an intra-day high of 100.10, declined to an intra-day low of 094.00 and closed at 098.85.
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.
Pan Packaging. (Daily)
Last Close - 428.85 | Support - 408, 375| Resistance - 450, 500
Trading Range - The scrip opened at 418.00, moved up to an intra-day high of 428.85, declined to an intra-day low of 417.00 and closed at 428.85.
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.
Birla Kenna. (Daily)
Last Close - 550.25 | Support - 550, 500 | Resistance - 600, 650
Trading Range - The scrip opened at 534.90, moved up to an intra-day high of 560.00, declined to an intra-day low of 520.30 and closed at 550.25.
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 |
1115.10 |
1155, 1192 |
Sd |
|
DR. REDDY |
610, 579 |
629.10 |
645, 669 |
Sd |
|
HUL |
216, 203 |
221.05 |
224, 240 |
Sd |
|
INFOSYS |
1962, 1883 |
2000.45 |
2009, 2061 |
Up |
|
ITC |
168, 155 |
178.50 |
180, 193 |
Td |
|
RIL |
2364, 2309 |
2416.95 |
2426, 2500 |
Up |
|
SATYAM |
443, 425 |
455.55 |
471, 496 |
Up |
|
SBI |
1782, 1760 |
1782.65 |
1837, 1877 |
Up |
|
T MOTORS |
749, 722 |
764.40 |
771, 811 |
Up |
|
TISCO |
762, 731 |
789.00 |
808, 875 |
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 not only be having positions but could even be having contrary positions in the stocks mentioned above.