The market has actually moved with an upward gap, has come off its intra-day low and has finally ended the day in positive territory. Banks, Capital Goods, Consumer Durables & Auto have ended positive in varying degrees while FMCG, Healthcare, IT Metals, Oil & PSU's have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed subdued.
Sensex
Last Close - 14114.73 | Support - 14100, 14035 | Resistance - 14200, 14300
Trading Range - The Sensex opened at 14146.00, moved up to an intra-day high of 14211.15, declined to an intra-day low of 14070.65 and closed at 14114.73.
Review/Outlook - The Sensex has reflected some amount of strength by posting a fresh all time high in a lacklustre trading session with movement basically having a downward bias and has come off a bit from its intra-day high to finally end in negative territory on distinctly lower 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 14070 level while support comes in at the 14013 level.
Simplex Real
Last Close - 232.30 | Support - 224, 193 | Resistance - 260, 305
Trading Range - The scrip opened at 220.00, moved up to an intra-day high of 232.30, declined to an intra-day low of 220.00 and closed at 232.30.
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.
Gmr Ind
Last Close - 369.65 | Support - 368, 310 | Resistance - 440, 490
Trading Range - The scrip opened at 364.00, moved up to an intra-day high of 371.25, declined to an intra-day low of 343.70 and closed at 369.65.
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.
Heritage Foods
Last Close - 235.95 | Support - 228, 192 | Resistance - 260, 290
Trading Range - The scrip opened at 227.00, moved up to an intra-day high of 235.95, declined to an intra-day low of 225.00 and closed at 235.95.
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.
Goldiam Int'nl
Last Close - 116.80 | Support - 103, 082 | Resistance - 126, 139
Trading Range - The scrip opened at 113.00, moved up to an intra-day high of 116.80, declined to an intra-day low of 113.00 and closed at 116.80.
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 |
1101.40 |
1110, 1155 |
Sd |
|
DR. REDDY |
795, 757 |
809.10 |
840, 877 |
Sd |
|
HLL |
216, 203 |
220.00 |
224, 240 |
Tu |
|
INFOSYS |
2208, 2133 |
2217.00 |
2270, 2325 |
Sd |
|
ITC |
168, 155 |
171.60 |
180, 190 |
Sd |
|
RIL |
1316, 1293 |
1347.00 |
1350, 1400 |
Up |
|
SATYAM |
500, 475 |
505.75 |
538, 600 |
Td |
|
SBI |
1190, 1166 |
1209.25 |
1250, 1300 |
Sd |
|
T MOTORS |
944, 920 |
957.90 |
970, 990 |
Sd |
|
TISCO |
480, 466 |
482.25 |
500, 518 |
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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