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. Capital Goods, Healthcare, Metal, Realty, Oil, Fmcg, Banks, Healthcare, Consumer Durables, Psu, IT & Auto 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 mixed.
Sensex (Daily)
Last Close - 14296.79 | Support - 14046, 13872 | Resistance - 14431, 14732
Trading Range - The Sensex opened at 14563.10, moved up to an intra-day high of 14563.10, declined to an intra-day low of 14261.69 and closed at 14296.79.
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 14291 level while significant support at lower levels (14070) - would limit the downside. The outlook has turned negative again while resistance comes in at the 15500+ level and support comes in at the 12780 level.
Ranklin Sol. (Daily)
Last Close - 213.90 | Support - 199, 172 | Resistance - 221, 256
Trading Range - The scrip opened at 216.00, moved up to an intra-day high of 224.80, declined to an intra-day low of 212.10 and closed at 213.90.
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.
Jaypee Hotel. (Daily)
Last Close - 113.85 | Support - 099, 071 | Resistance - 138, 163
Trading Range - The scrip opened at 104.00, moved up to an intra-day high of 113.85, declined to an intra-day low of 100.00 and closed at 113.85.
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.
Hinduja Foun. (Daily)
Last Close - 178.50 | Support - 171, 145 | Resistance - 184, 220
Trading Range - The scrip opened at 174.70, moved up to an intra-day high of 178.50, declined to an intra-day low of 174.70 and closed at 178.50.
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.
Bajaj Auto. (Daily)
Last Close - 579.55 | Support - 554, 476 | Resistance - 613, 652
Trading Range - The scrip opened at 553.80, moved up to an intra-day high of 584.00, declined to an intra-day low of 553.80 and closed at 579.55.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
520, 484 |
558.50 |
573, 615 |
Dt |
|
DR. REDDY |
579, 530 |
589.90 |
610, 645 |
Td |
|
HUL |
240, 224 |
246.30 |
252, 266 |
Sd |
|
INFOSYS |
1667, 1599 |
1708.00 |
1723, 1785 |
Sd |
|
ITC |
180, 169 |
183.50 |
193, 213 |
Td |
|
RIL |
2115, 2079 |
2147.85 |
2180, 2274 |
Td |
|
SATYAM |
385, 366 |
404.35 |
406, 443 |
Sd |
|
SBI |
1302, 1258 |
1330.90 |
1381, 1418 |
Dt |
|
T MOTORS |
422, 390 |
422.80 |
448, 472 |
Td |
|
T STEEL |
557, 533 |
581.40 |
586, 615 |
Dt |
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.