Sensex (Daily)
Last Close 9257.51; Support 9176, 9113; Resistance 9274, 9348
Trading Range The Sensex opened at 9292.18, moved up to an intra-day high of 9350.82, declined to an intra-day low of 9207.27 and closed at 9257.51.
Review/Outlook The Sensex has found life difficult at higher levels, has cooled off significantly from its intra-day high after facing resistance at the 9348 level and has actually given a downward key reversal on higher volume to end in negative territory. A range bound movement cannot be ruled out while intra-day weakness could creep in below the 9207 level.
Hero Honda (Daily)
Last Close 851.80; Support 841, 819; Resistance 866, 901
Trading Range The scrip opened at 865.00, moved up to an intra-day high of 868.90, declined to an intra-day low of 849.00 and closed at 851.80.
Review/Outlook The scrip has reflected strength by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.
Asha. Minech (Daily)
Last Close 941.55; Support 876, 801; Resistance 950, 999
Trading Range The scrip opened at 859.60, moved up to an intra-day high of 941.55, declined to an intra-day low of 848.00 and closed at 941.55.
Review/Outlook The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards.
I.C.S.A. (Daily)
Last Close 623.95; Support 608, 581; Resistance 624, 672
Trading Range The scrip opened at 606.00, moved up to an intra-day high of 623.95, declined to an intra-day low of 605.00 and closed at 623.95.
Review/Outlook The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Asian Electronics (Daily)
Last Close 366.40; Support 352, 319; Resistance 381, 423
Trading Range The scrip opened at 370.00, moved up to an intra-day high of 377.00, declined to an intra-day low of 365.00 and closed at 366.40.
Review/Outlook The scrip has reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
516, 500 |
527.50 |
542, 569 |
Td |
|
DR. REDDY |
934, 879 |
966.20 |
998, 1089 |
Up |
|
HLL |
192, 183 |
193.50 |
203, 216 |
Sd |
|
INFOSYS |
2813, 2769 |
2992.10 |
3074, 3453 |
Sd |
|
ITC |
136, 126 |
138.70 |
144, 155 |
Td |
|
RIL |
850, 810 |
872.40 |
900, 950 |
Td |
|
SATYAM |
700, 678 |
725.00 |
750, 800 |
Sd |
|
SBI |
871, 850 |
898.60 |
900, 926 |
Td |
|
T MOTORS |
600, 568 |
645.25 |
650, 700 |
Up |
|
TISCO |
361, 349 |
371.45 |
373, 390 |
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 be having positions in the stocks mentioned above.


