The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in negative territory.
Banks, capital goods, healthcare, IT & auto have ended negative in varying degrees while consumer durables, FMCG, metal, oil & PSUs have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed subdued.
Sensex (Daily)
Last Close -- 14910.62; Support -- 14907, 14800; Resistance -- 15007, 15085
Trading Range: The Sensex opened at 14948.15, moved up to an intra-day high of 15015.35, declined to an intra-day low of 14829.55 and closed at 14910.62.
Review/Outlook: The Sensex has had a negative trading session, has had a weak opening, has depreciated after facing selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative 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 14946 level while some resistance at higher levels (15063) -- could limit the upside. The outlook seems to have turned better again while resistance comes in at the 15100+ level and support comes in at the 14400 level.
Hind. Oil. Exp. (Daily)
Last Close -- 133.90; Support -- 127, 109; Resistance -- 149, 170
Trading Range: The scrip opened at 133.00, moved up to an intra-day high of 134.80, declined to an intra-day low of 132.00 and closed at 133.90.
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.
Schrader Duncan. (Daily)
Last Close -- 302.05; Support -- 295, 269; Resistance -- 325, 350
Trading Range: The scrip opened at 295.00, moved up to an intra-day high of 306.00, declined to an intra-day low of 279.95 and closed at 302.05.
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.
Evinix Ltd. (Daily)
Last Close -- 157.45; Support -- 150, 128; Resistance -- 175, 200
Trading Range: The scrip opened at 141.95, moved up to an intra-day high of 157.45, declined to an intra-day low of 138.00 and closed at 157.45.
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.
Tanla Sol. (Daily)
Last Close -- 473.45; Support -- 451, 407; Resistance -- 475, 500
Trading Range: The scrip opened at 473.45, moved up to an intra-day high of 473.45, declined to an intra-day low of 459.80 and closed at 473.45.
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 |
1057, 994 |
1069.45 |
1075, 1099 |
Up |
DR. REDDY |
669, 645 |
680.75 |
689, 712 |
Up |
HLL |
192, 183 |
202.40 |
203, 216 |
Up |
INFOSYS |
1883, 1812 |
1929.70 |
1962, 2009 |
Sd |
ITC |
144, 136 |
152.55 |
155, 168 |
Td |
RIL |
1645, 1625 |
1701.75 |
1705, 1737 |
Sd |
SATYAM |
475, 443 |
480.85 |
500, 538 |
Sd |
SBI |
1531, 1500 |
1542.35 |
1550, 1591 |
Sd |
T MOTORS |
722, 698 |
732.00 |
749, 771 |
Up |
TISCO |
646, 617 |
655.50 |
670, 695 |
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.