The market has faced a lot of selling pressure, has come off its intra-day high and has finally ended the day in negative territory. Consumer Durables, Auto, Metals, Capital Goods, IT, Banks, FMCG, Healthcare, Oil and PSU's have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed weak.
Sensex (Daily)
Last Close - 13601.95 | Support - 13576, 13461 | Resistance - 13652, 13723
Trading Range - The Sensex opened at 13690.67, moved up to an intra-day high of 13691.12, declined to an intra-day low of 13577.38 and closed at 13601.95.
Review/Outlook - The Sensex has reflected some amount of weakness by opening with a downward gap and declining from open to close to end sharply in negative territory on distinctly lower volume. A range bound movement seems to be on the cards while an intra-day downside cannot be ruled out but only below the 13577 level while intra-day support could lead to a strong recovery towards the end.
Ramco Sys. (Daily)
Last Close - 199.15 | Support - 196, 169 | Resistance - 233, 270
Trading Range - The scrip opened at 192.00, moved up to an intra-day high of 200.10, declined to an intra-day low of 182.10 and closed at 199.15.
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.
Sical Log. (Daily)
Last Close - 191.35 | Support - 181, 139 | Resistance - 206, 264
Trading Range - The scrip opened at 183.40, moved up to an intra-day high of 191.35, declined to an intra-day low of 182.25 and closed at 191.35.
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.
Murali Agro. (Daily)
Last Close - 416.85 | Support - 394, 329 | Resistance - 425, 475
Trading Range - The scrip opened at 414.90, moved up to an intra-day high of 422.00, declined to an intra-day low of 405.45 and closed at 416.85.
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.
Brady & Morris Eng. (Daily)
Last Close - 302.05 | Support - 294, 250 | Resistance - 316, 347
Trading Range - The scrip opened at 295.50, moved up to an intra-day high of 302.05, declined to an intra-day low of 297.90 and closed at 302.05.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
1061, 1022 |
1099.60 |
1110, 1150 |
Up |
|
DR. REDDY |
700, 671 |
722.80 |
733, 757 |
Sd |
|
HLL |
224, 216 |
237.00 |
240, 255 |
Sd |
|
INFOSYS |
2100, 2000 |
2166.75 |
2200, 2300 |
Tu |
|
ITC |
168, 155 |
179.75 |
180, 190 |
Dt |
|
RIL |
1241, 1195 |
1251.00 |
1300, 1350 |
Sd |
|
SATYAM |
443, 430 |
450.20 |
475, 500 |
Tu |
|
SBI |
1250, 1190 |
1293.45 |
1300, 1350 |
Up |
|
T MOTORS |
771, 749 |
810.55 |
811, 849 |
Sd |
|
TISCO |
466, 452 |
475.80 |
480, 500 |
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.
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