The market has remained in a positive state of mind, has come off its intra-day low and has finally ended the day sharply in positive territory. Consumer Durables, Healthcare, Banks, Oil, Auto, IT, FMCG, Capital Goods, Realty, Metal & PSU have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.
Sensex
Last Close - 17766.63 | Support - 17494, 17361 | Resistance - 17953, 18319
Trading Range - The Sensex opened at 17265.19, moved up to an intra-day high of 17838.08, declined to an intra-day low of 17265.19 and closed at 17766.63.
Review/Outlook - The Sensex has had a good trading session, has had a positive opening, has moved just one way, has received buying support even at higher levels, has come off from its intra - day low and has finally ended sharply in positive territory on lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 17732 level while significant support at lower levels (17452) - would limit the downside. The outlook has turned negative again while resistance comes in at the 18800+ level and support comes in at the 16200 level.
Era Infra
Last Close - 723.55 | Support - 697, 646 | Resistance - 742, 810
Trading Range - The scrip opened at 708.05, moved up to an intra-day high of 728.00, declined to an intra-day low of 708.05 and closed at 723.55.
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.
Sagar Cement
Last Close - 363.10 | Support - 360, 325 | Resistance - 421, 459
Trading Range - The scrip opened at 371.00, moved up to an intra-day high of 373.00, declined to an intra-day low of 361.00 and closed at 363.10.
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.
Spanco Tele
Last Close - 204.55 | Support - 195, 163 | Resistance - 212, 236
Trading Range - The scrip opened at 190.00, moved up to an intra-day high of 205.00, declined to an intra-day low of 189.50 and closed at 204.55.
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.
Orissa Sponge
Last Close - 435.35 | Support - 418, 382 | Resistance - 459, 497
Trading Range - The scrip opened at 415.00, moved up to an intra-day high of 435.35, declined to an intra-day low of 415.00 and closed at 435.35.
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 |
750, 724 |
753.95 |
778, 829 |
Sd |
|
DR. REDDY |
530, 487 |
538.00 |
579, 610 |
Sd |
|
HUL |
203, 192 |
203.35 |
216, 224 |
Td |
|
INFOSYS |
1510, 1457 |
1547.30 |
1667, 1723 |
Sd |
|
ITC |
193, 180 |
199.55 |
213, 227 |
Dt |
|
RIL |
2426, 2309 |
2514.70 |
2539, 2615 |
Td |
|
SATYAM |
425, 406 |
438.40 |
443, 471 |
Sd |
|
SBI |
2180, 2050 |
2205.15 |
2279, 2331 |
Sd |
|
T MOTORS |
670, 635 |
733.45 |
798, 722 |
Sd |
|
T STEEL |
762, 731 |
778.60 |
820, 858 |
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 not only be having positions but could even be having contrary positions in the stocks mentioned above.