The market has remained in a weak state of mind, has come off its intra-day high and has finally ended the day in negative territory. Banks, Auto, FMCG, Capital Goods, Realty, Consumer Durables, Healthcare, Metal, PSU & Oil have ended negative in varying degrees while IT has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed panicky.
Sensex (Daily)
Last Close - 16630.91 | Support - 16416, 16308 | Resistance - 16681, 16964
Trading Range - The Sensex opened at 17247.34, moved up to an intra-day high of 17427.34, declined to an intra-day low of 16457.74 and closed at 16630.91.
Review/Outlook - The Sensex has had a weak trading session, has had a negative opening, has moved just one way, has received selling pressure even at lower levels, has come off from its intra - day low and has finally ended in negative territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 16652 level while significant resistance at higher levels (16800) - would limit the upside. The outlook has turned negative again while resistance comes in at the 18800+ level and support comes in at the 16200 level.
Era Infra. (Daily)
Last Close - 671.25 | Support - 646, 573 | Resistance - 697, 810
Trading Range - The scrip opened at 660.00, moved up to an intra-day high of 690.00, declined to an intra-day low of 646.05 and closed at 671.25.
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.
Icsa. (Daily)
Last Close - 503.40 | Support - 491, 451 | Resistance - 522, 597
Trading Range - The scrip opened at 500.00, moved up to an intra-day high of 518.00, declined to an intra-day low of 491.30 and closed at 503.40.
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.
Vakrangee Ltd. (Daily)
Last Close -193.30 | Support -184, 163 | Resistance - 204, 239
Trading Range - The scrip opened at 186.90, moved up to an intra-day high of 195.85, declined to an intra-day low of 184.00 and closed at 193.30.
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.
Bilcare Ltd. (Daily)
Last Close - 894.65 | Support - 780, 743 | Resistance - 899, 991
Trading Range - The scrip opened at 875.00, moved up to an intra-day high of 910.00, declined to an intra-day low of 780.10 and closed at 894.65.
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 |
724, 697 |
737.65 |
750, 778 |
Sd |
|
DR. REDDY |
487, 450 |
507.45 |
530, 579 |
Dt |
|
HUL |
192, 183 |
195.95 |
203, 216 |
Td |
|
INFOSYS |
1510, 1457 |
1558.75 |
1667, 1723 |
Sd |
|
ITC |
180, 169 |
185.10 |
193, 213 |
Dt |
|
RIL |
2274, 2120 |
2274.85 |
2309, 2426 |
Td |
|
SATYAM |
406, 385 |
423.85 |
425, 443 |
Sd |
|
SBI |
2010, 1928 |
2045.25 |
2050, 2180 |
Td |
|
T MOTORS |
670, 635 |
696.30 |
798, 722 |
Td |
|
T STEEL |
695, 670 |
726.05 |
731, 762 |
Td |
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.
DISCLAIMER : While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.
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.