Sensex (Daily)
Last Close - 9237.53, Support 9176, 9113, Resistance 9274, 9348
Trading Range The Sensex opened at 9293.80, moved up to an intra-day high of 9302.78, declined to an intra-day low of 9158.44 and closed at 9237.53.
Review/Outlook The Sensex continues to reflect weakness and has once again declined to end in negative territory amidst significant amount of volatility. The downward pressure is expected to remain and while the oversold situation on the intra-day charts seems to suggest a recovery but question marks still remain on the sustainability of such a recovery.
Tisco (Daily)
Last Close 351.10, Support 349, 331, Resistance 361, 373
Trading Range The scrip opened at 345.50, moved up to an intra-day high of 352.40, declined to an intra-day low of 341.35 and closed at 351.10.
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.
Suzlon (Daily)
Last Close 877.10, Support 855, 817 Resistance 893, 939
Trading Range The scrip opened at 938.00, moved up to an intra-day high of 885.90, declined to an intra-day low of 835.00 and closed at 877.10.
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.
Tata Chem. (Daily)
Last Close 240.20, Support 237, 227, Resistance 244, 258
Trading Range The scrip opened at 236.00, moved up to an intra-day high of 241.50, declined to an intra-day low of 227.00 and closed at 240.20.
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.
United Brew. (Daily)
Last Close 572.30, Support 546, 513, Resistance 591, 627
Trading Range The scrip opened at 572.30, moved up to an intra-day high of 572.30, declined to an intra-day low of 553.00 and closed at 572.30.
Review/Outlook The scrip has reflected strength by appreciating with an upward gap 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 |
516, 500 |
539.75 |
542, 569 |
Td |
|
DR. REDDY |
998, 934 |
1029.20 |
1049, 1089 |
Sd |
|
HLL |
183, 172 |
184.40 |
192, 203 |
Td |
|
INFOSYS |
2650, 2537 |
2737.35 |
2769, 2813 |
Dt |
|
ITC |
136, 126 |
141.10 |
144, 155 |
Td |
|
RIL |
675, 650 |
693.85 |
700, 725 |
Sd |
|
SATYAM |
705, 678 |
721.70 |
737, 750 |
Td |
|
SBI |
871, 850 |
893.30 |
900, 926 |
Td |
|
T MOTORS |
600, 568 |
617.45 |
635, 650 |
Sd |
|
TISCO |
349, 331 |
351.10 |
361, 373 |
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 be having positions in the stocks mentioned above.


