The market has actually moved in just one direction, has come off its intra-day high and has finally ended the day in negative territory. Banks, FMCG, IT, PSU, Auto & Metals have ended negative in varying degrees while Capital Goods, Consumer Durables, Healthcare & Oil have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed shaky.
Sensex
Last Close - 13871.71 | Support - 13857, 13790 | Resistance - 13931, 14035
Trading Range - The Sensex opened at 14029.04, moved up to an intra-day high of 14060.35, declined to an intra-day low of 13850.38 and closed at 13871.71.
Review/Outlook - The Sensex has reflected some amount of weakness by coming off sharply from its intra-day high by remaining under pressure for most part of the trading session to finally end clearly in negative territory on distinctly higher volume. Volatility can be the order of the day, the negatives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day downside (especially below the 13850 level) while support comes in at the 13770 level.
Last Close - 159.05 | Support - 150, 120 | Resistance - 175, 200
Trading Range - The scrip opened at 154.00, moved up to an intra-day high of 159.05, declined to an intra-day low of 154.00 and closed at 159.05.
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.
Last Close - 230.40 | Support - 224, 193 | Resistance - 260, 305
Trading Range - The scrip opened at 231.25, moved up to an intra-day high of 231.25, declined to an intra-day low of 220.00 and closed at 230.40.
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.
Last Close - 176.60 | Support - 168, 150 | Resistance - 182, 207
Trading Range - The scrip opened at 170.00, moved up to an intra-day high of 176.60, declined to an intra-day low of 166.55 and closed at 176.60.
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.
Last Close - 536.95 | Support - 516, 484 | Resistance - 545, 580
Trading Range - The scrip opened at 515.00, moved up to an intra-day high of 536.95, declined to an intra-day low of 513.00 and closed at 536.95.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
1061, 1022 |
1071.05 |
1110, 1155 |
Tu | |
|
795, 757 |
826.30 |
840, 877 |
Tu | |
|
203, 192 |
210.35 |
216, 224 |
Td | |
|
2270, 2133 |
2285.75 |
2400, 2500 |
Up | |
|
168, 155 |
168.90 |
180, 190 |
Td | |
|
1241, 1195 |
1280.35 |
1293, 1350 |
Tu | |
|
500, 475 |
501.95 |
538, 600 |
Up | |
|
1190, 1166 |
1243.75 |
1250, 1300 |
Tu | |
|
944, 920 |
947.10 |
970, 990 |
Up | |
|
452, 437 |
465.60 |
466, 480 |
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 even be having contrary positions in the stocks mentioned above.


