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, Consumer Durables, Metal, PSU, Oil, Capital Goods & Realty have ended negative in varying degrees while the FMCG, Healthcare, Auto & IT sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed hopeful.
Sensex (Daily)
Last Close - 16275.59 | Support - 15956, 15734 | Resistance - 16308, 16416
Trading Range - The Sensex opened at 16454.75, moved up to an intra-day high of 16506.35, declined to an intra-day low of 16237.92 and closed at 16275.59.
Review/Outlook - The Sensex has had a weak trading session, has had a positive opening, has moved just one way, has faced selling pressure even at lower levels, has come off from its intra - day high 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 16281 level while significant resistance at higher levels (16420) - would limit the upside. The outlook is turning weak again while resistance comes in at the 17300+ level and support comes in at the 15300 level.
Sterling Int. (Daily)
Last Close - 256.90 | Support - 253, 221 | Resistance - 280, 303
Trading Range - The scrip opened at 245.95, moved up to an intra-day high of 257.90, declined to an intra-day low of 245.80 and closed at 256.90.
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.
Goldst Infra. (Daily)
Last Close - 064.70 | Support - 059, 042 | Resistance - 070, 091
Trading Range - The scrip opened at 062.10, moved up to an intra-day high of 064.70, declined to an intra-day low of 062.10 and closed at 064.70.
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.
Jaihind Proj. (Daily)
Last Close - 136.40 | Support - 113, 085 | Resistance - 152, 204
Trading Range - The scrip opened at 136.35, moved up to an intra-day high of 136.40, declined to an intra-day low of 135.45 and closed at 136.40.
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.
Kiri Dyes. (Daily)
Last Close - 174.05 | Support - 159, 129 | Resistance - 181, 204
Trading Range - The scrip opened at 174.00, moved up to an intra-day high of 181.50, declined to an intra-day low of 170.05 and closed at 174.05.
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 |
615, 573 |
655.55 |
656, 697 |
Dt |
|
DR. REDDY |
689, 645 |
694.20 |
712, 733 |
Up |
|
HUL |
224, 216 |
232.35 |
240, 252 |
Dt |
|
INFOSYS |
1834, 1785 |
1878.55 |
1917, 1951 |
Up |
|
ITC |
193, 180 |
209.10 |
213, 227 |
Td |
|
RIL |
2426, 2309 |
2493.20 |
2539, 2615 |
Dt |
|
SATYAM |
493, 475 |
499.00 |
522, 554 |
Up |
|
SBI |
1472, 1418 |
1473.30 |
1539, 1624 |
Dt |
|
T MOTORS |
600, 567 |
626.60 |
635, 670 |
Td |
|
T STEEL |
858, 820 |
867.95 |
890, 924 |
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.
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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.