Hot stocks of the day

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Last updated on: July 04, 2007 10:00 IST

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.  

 

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