The market has remained in a positive state of mind, has come off its intra-day low and has finally ended the day in positive territory. Banks, Capital Goods, Healthcare, Auto, IT, Metal, Oil & PSU's have ended positive in varying degrees while Consumer Durables have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.
Sensex
Last Close - 14806.51 | Support - 14723, 14620 | Resistance - 14850, 14900
Trading Range - The Sensex opened at 14720.00, moved up to an intra-day high of 14828.39, declined to an intra-day low of 14720.00 and closed at 14806.51.
Review/Outlook - The Sensex has had a historic trading session, has had a positive opening, has appreciated after receiving buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 14829 level while some resistance at higher levels (15000) - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 15000+ level and support comes in at the 14400 level.
Evinix Ltd
Last Close - 102.75 | Support - 095, 069 | Resistance - 105, 128
Trading Range - The scrip opened at 088.10, moved up to an intra-day high of 102.75, declined to an intra-day low of 088.00 and closed at 102.75.
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.
Pba Infra
Last Close - 90.00 | Support - 080, 066 | Resistance - 091, 118
Trading Range - The scrip opened at 086.45, moved up to an intra-day high of 090.00, declined to an intra-day low of 085.55 and closed at 090.00.
Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Agro Tech Foods
Last Close - 133.75 | Support - 118, 093 | Resistance - 134, 167
Trading Range - The scrip opened at 128.00, moved up to an intra-day high of 133.75, declined to an intra-day low of 125.00 and closed at 133.75.
Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Unity Infra
Last Close - 560.15 | Support - 537, 478 | Resistance - 599, 679
Trading Range - The scrip opened at 537.85, moved up to an intra-day high of 560.15, declined to an intra-day low of 525.00 and closed at 560.15.
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 |
|
ACC |
924, 892 |
938.30 |
965, 994 |
Up |
|
DR. REDDY |
645, 610 |
665.05 |
669, 689 |
Up |
|
HLL |
192, 183 |
194.65 |
203, 216 |
Up |
|
INFOSYS |
1883, 1812 |
1947.05 |
1962, 2061 |
Sd |
|
ITC |
155, 144 |
156.10 |
168, 180 |
Tu |
|
RIL |
1705, 1645 |
1705.45 |
1737, 1779 |
Tu |
|
SATYAM |
443, 425 |
471.45 |
475, 500 |
Sd |
|
SBI |
1575, 1550 |
1582.45 |
1600, 1625 |
Up |
|
T MOTORS |
670, 635 |
687.95 |
698, 722 |
Tu |
|
TISCO |
593, 570 |
600.70 |
617, 646 |
Tu |
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.


