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. Banks, Healthcare, Capital Goods, PSU, Oil, FMCG & Consumer Durables have ended negative in varying degrees while Auto, Metal, Realty & IT have ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed subdued.
Sensex
Last Close - 16698.04 | Support - 16681, 16416 | Resistance - 16964, 17292
Trading Range - The Sensex opened at 16823.99, moved up to an intra-day high of 16871.27, declined to an intra-day low of 16589.45 and closed at 16698.04.
Review/Outlook - The Sensex has had a mixed trading session, has had a positive 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 lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 16674 level while significant support at lower levels (16550) - would limit the downside. The outlook has turned positive again while resistance comes in at the 16609+ level and support comes in at the 15300 level.
Lkp Mer. Fin
Last Close - 166.55 | Support - 151, 101 | Resistance - 170, 209
Trading Range - The scrip opened at 164.90, moved up to an intra-day high of 167.25, declined to an intra-day low of 154.50 and closed at 166.55.
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.
St. Trd. Corp
Last Close - 422.35 | Support - 418, 370 | Resistance - 486, 547
Trading Range - The scrip opened at 422.35, moved up to an intra-day high of 422.35, declined to an intra-day low of 404.10 and closed at 422.35.
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.
Bang Overseas
Last Close - 199.85 | Support - 172, 144 | Resistance - 207, 232
Trading Range - The scrip opened at 194.00, moved up to an intra-day high of 202.20, declined to an intra-day low of 187.50 and closed at 199.85.
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.
Tricom India
Last Close - 153.70 | Support - 142, 112 | Resistance - 166, 197
Trading Range - The scrip opened at 150.00, moved up to an intra-day high of 153.70, declined to an intra-day low of 142.00 and closed at 153.70.
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 |
829, 778 |
844.45 |
856, 892 |
Tu |
|
DR. REDDY |
610, 579 |
614.10 |
645, 689 |
Tu |
|
HUL |
240, 224 |
241.80 |
252, 272 |
Sd |
|
INFOSYS |
1510, 1457 |
1645.90 |
1667, 1723 |
Sd |
|
ITC |
193, 180 |
211.80 |
213, 227 |
Up |
|
RIL |
2539, 2426 |
2577.20 |
2615, 2684 |
Up |
|
SATYAM |
425, 406 |
430.45 |
443, 475 |
Sd |
|
SBI |
1624, 1539 |
1695.90 |
1760, 1802 |
Tu |
|
T MOTORS |
635, 600 |
635.30 |
670, 698 |
Tu |
|
T STEEL |
762, 731 |
797.60 |
820, 858 |
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.