The market has remained in a negative state of mind, has come off its intra-day high and has finally ended the day in negative territory. Banks, Capital Goods, Metal, Oil, PSU, Realty, IT, Auto & FMCG have ended negative in varying degrees while Consumer Durables & Healthcare have ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed confused.
Sensex
Last Close - 17349.07 | Support - 17292, 16964 | Resistance - 17494, 17711
Trading Range - The Sensex opened at 17515.62, moved up to an intra-day high of 17526.80, declined to an intra-day low of 17294.73 and closed at 17349.07.
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 high and has finally ended in negative territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 17357 level while significant resistance at higher levels (17546) - would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 16200 level.
Madhucon Proj
Last Close - 663.40 | Support - 646, 562 | Resistance - 714, 780
Trading Range - The scrip opened at 637.00, moved up to an intra-day high of 680.00, declined to an intra-day low of 637.00 and closed at 663.40.
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.
Himadri Chem
Last Close - 634.25 | Support - 580, 514 | Resistance - 683, 765
Trading Range - The scrip opened at 580.05, moved up to an intra-day high of 634.45, declined to an intra-day low of 580.05 and closed at 634.25.
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.
Apollo Sindhoori
Last Close - 364.95 | Support - 339, 294 | Resistance - 397, 439
Trading Range - The scrip opened at 348.75, moved up to an intra-day high of 364.95, declined to an intra-day low of 339.20 and closed at 364.95.
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.
Bank of Raj
Last Close - 172.70 | Support - 171, 139 | Resistance - 201, 242
Trading Range - The scrip opened at 175.00, moved up to an intra-day high of 195.40, declined to an intra-day low of 168.00 and closed at 172.70.
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 |
774.30 |
778, 829 |
Sd |
|
DR. REDDY |
530, 487 |
539.75 |
579, 610 |
Sd |
|
HUL |
203, 192 |
215.75 |
216, 224 |
Sd |
|
INFOSYS |
1510, 1457 |
1580.10 |
1667, 1723 |
Tu |
|
ITC |
193, 180 |
200.10 |
213, 227 |
Sd |
|
RIL |
2426, 2309 |
2429.80 |
2539, 2615 |
Sd |
|
SATYAM |
425, 406 |
438.80 |
443, 475 |
Sd |
|
SBI |
2105, 2050 |
2114.70 |
2180, 2279 |
Sd |
|
T MOTORS |
670, 635 |
694.70 |
698, 722 |
Sd |
|
T STEEL |
762, 731 |
803.45 |
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.