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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, Healthcare, Consumer Durables, Metal, Oil, Realty, IT, FMCG, Auto, Capital Goods & PSU have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed panicky.
Sensex
Last Close - 15087.99 | Support - 15037, 14732 | Resistance - 15330, 15734
Trading Range - The Sensex opened at 15250.47, moved up to an intra-day high of 15259.36, declined to an intra-day low of 15051.66 and closed at 15087.99.
Review/Outlook - The Sensex has had a weak trading session, has had a negative 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 sharply 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 15102 level while significant resistance at higher levels (15300) - would limit the upside. The outlook has turned weak again while resistance comes in at the 15800+ level and support comes in at the 14400 level.
Gtc Industries
Last Close - 157.15 | Support - 150, 129 | Resistance - 174, 195
Trading Range - The scrip opened at 147.25, moved up to an intra-day high of 157.15, declined to an intra-day low of 147.25 and closed at 157.15.
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.
Iec Software
Last Close - 084.40 | Support - 077, 060 | Resistance - 093, 118
Trading Range - The scrip opened at 078.05, moved up to an intra-day high of 084.40, declined to an intra-day low of 078.00 and closed at 084.40.
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.
Shardul Sec
Last Close - 158.75 | Support - 138, 112 | Resistance - 169, 214
Trading Range - The scrip opened at 158.70, moved up to an intra-day high of 158.75, declined to an intra-day low of 154.05 and closed at 158.75.
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.
Abl Biotech
Last Close - 089.85 | Support - 081, 067 | Resistance - 104, 125
Trading Range - The scrip opened at 085.00, moved up to an intra-day high of 089.85, declined to an intra-day low of 082.60 and closed at 089.85.
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.
Daily Stock Track
Scrip |
Support |
Last Close |
Resistance |
Trend |
ACC |
615, 573 |
640.45 |
656, 697 |
Sd |
DR. REDDY |
645, 610 |
680.20 |
689, 712 |
Td |
HUL |
224, 216 |
231.95 |
240, 252 |
Sd |
INFOSYS |
1834, 1785 |
1860.00 |
1917, 1951 |
Td |
ITC |
193, 180 |
204.25 |
213, 227 |
Td |
RIL |
2180, 2105 |
2245.00 |
2274, 2309 |
Dt |
SATYAM |
443, 425 |
471.95 |
475, 493 |
Td |
SBI |
1258, 1202 |
1301.00 |
1302, 1381 |
Dt |
T MOTORS |
483, 465 |
503.05 |
506, 535 |
Dt |
T STEEL |
762, 731 |
815.60 |
820, 858 |
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.