The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in positive territory. Healthcare, Banks, PSU, Metal, Auto, IT, & Capital Goods have ended positive in varying degrees while Oil, FMCG & Consumer Durables have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed better.
Sensex
Last Close - 14570.75 | Support - 14524, 14454 | Resistance - 14620, 14723
Trading Range - The Sensex opened at 14610.28, moved up to an intra-day high of 14682.10, declined to an intra-day low of 14539.89 and closed at 14570.75.
Review/Outlook - The Sensex has reflected some amount of strength, has had a rather positive opening, but has run into significant selling pressure to come off from its intra- day high and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day downside (seems to be a mild possibility) could come in only below the 14539 level while some support at lower levels (14480) - could limit the downside. The outlook seems to have turned better again while resistance comes in at the 14700+ level and support comes in at the 14040 level.
Asian Elect
Last Close - 621.75 | Support - 597, 564 | Resistance - 625, 650
Trading Range - The scrip opened at 599.70, moved up to an intra-day high of 621.75, declined to an intra-day low of 599.70 and closed at 621.75.
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.
Prime Securities
Last Close - 066.60 | Support - 060, 044 | Resistance - 069, 080
Trading Range - The scrip opened at 063.60, moved up to an intra-day high of 070.65, declined to an intra-day low of 063.60 and closed at 066.60.
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.
Kemrock Ind
Last Close - 372.10 | Support - 352, 319 | Resistance - 375, 424
Trading Range - The scrip opened at 346.00, moved up to an intra-day high of 372.10, declined to an intra-day low of 344.50 and closed at 372.10.
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.
Taneja Aero
Last Close - 179.95 | Support - 175, 157 | Resistance - 188, 225
Trading Range - The scrip opened at 165.00, moved up to an intra-day high of 179.95, declined to an intra-day low of 163.00 and closed at 179.95.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
829, 793 |
852.00 |
856, 892 |
Sd |
|
DR. REDDY |
645, 610 |
648.50 |
669, 689 |
Sd |
|
HLL |
192, 183 |
201.25 |
203, 216 |
Sd |
|
INFOSYS |
1883, 1812 |
1940.05 |
1962, 2061 |
Sd |
|
ITC |
155, 144 |
161.45 |
168, 180 |
Sd |
|
RIL |
1737, 1705 |
1750.35 |
1785, 1820 |
Up |
|
SATYAM |
475, 443 |
478.50 |
500, 538 |
Tu |
|
SBI |
1332, 1304 |
1378.10 |
1379, 1400 |
Up |
|
T MOTORS |
722, 698 |
747.15 |
749, 771 |
Sd |
|
TISCO |
617, 593 |
634.65 |
646, 670 |
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 even be having contrary positions in the stocks mentioned above.
