The market has been able to hold on to its early gains to end the day smartly in positive territory. Capital Goods, Banks, Consumer Durables, Auto, PSU, Metals, IT and Oil have ended positive in varying degrees while Pharma and FMCG have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.
Sensex (Daily)
Last Close - 12513.86 | Support - 12500, 12400 | Resistance - 12600, 12700
Trading Range - The Sensex opened at 12488.38, moved up to an intra-day high of 12546.47, declined to an intra-day low of 12356.04 and closed at 12513.86.
Review/Outlook - The Sensex has once again created history to not only post a fresh all time high but has also given an all time high closing on distinctly higher volume. The outlook continues to remain positive, as the bigger picture remains quite solid while the intra-day picture has also staged a smart comeback indicating the possibility of an intra-day upside especially above the 12547 level.
Kirl. Ferrous. (Daily)
Last Close - 068.80 | Support - 067, 053 | Resistance - 078, 100
Trading Range - The scrip opened at 063.25, moved up to an intra-day high of 068.80, declined to an intra-day low of 060.10 and closed at 068.80.
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.
Asian Elect. (Daily)
Last Close - 526.30 | Support - 498, 452 | Resistance - 550, 575
Trading Range - The scrip opened at 504.70, moved up to an intra-day high of 526.20, declined to an intra-day low of 500.00 and closed at 526.20.
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.
Pun. Alkalies. (Daily)
Last Close - 053.70 | Support - 050, 032 | Resistance - 059, 084
Trading Range - The scrip opened at 045.50, moved up to an intra-day high of 053.70, declined to an intra-day low of 045.50 and closed at 053.70.
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.
Jayshree Tea (Daily)
Last Close - 179.85 | Support - 175, 144 | Resistance - 184, 220
Trading Range - The scrip opened at 166.00, moved up to an intra-day high of 179.85, declined to an intra-day low of 162.20 and closed at 179.85.
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.Daily Stock Track
Scrip |
Support |
Last Close |
Resistance |
Trend |
ACC |
1000, 950 |
1001.00 |
1050, 1100 |
Tu |
DR. REDDY |
1600, 1500 |
1645.20 |
1700, 1800 |
Tu |
HLL |
266, 252 |
279.30 |
281, 295 |
Tu |
INFOSYS |
3155, 3074 |
3238.75 |
3250, 3543 |
Tu |
ITC |
190, 180 |
200.05 |
210, 225 |
Tu |
RIL |
1100, 1000 |
1154.95 |
1200, 1300 |
Up |
SATYAM |
770, 752 |
808.15 |
810, 830 |
Sd |
SBI |
950, 926 |
975.05 |
1000, 1050 |
Tu |
T MOTORS |
950, 900 |
977.65 |
999, 1050 |
Tu |
TISCO |
605, 550 |
654.55 |
700, 800 |
Up |
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.