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. Capital Goods, Consumer Durables, Healthcare, IT, Auto, PSU & Tech have ended negative in varying degrees while the Banks, FMCG, Metal, Oil & Realty sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed cautious.
Sensex (Daily)
Last Close - 15603.80 | Support - 15440, 15341 | Resistance - 15773, 15812
Trading Range - The Sensex opened at 15713.66, moved up to an intra-day high of 15824.65, declined to an intra-day low of 15568.36 and closed at 15603.80.
Review/Outlook - The Sensex has had a mixed trading session, has had a strong 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 downside (seems like a possibility) could come in below the 15568 level while support at lower levels (15350) would limit the downside. The outlook has turned bullish again while resistance comes in at the 16400+ level and support comes in at the 14005 level.
Birla Kenna. (Daily)
Last Close - 363.65 | Support - 345, 295 | Resistance - 396, 415
Trading Range - The scrip opened at 363.00, moved up to an intra-day high of 363.65, declined to an intra-day low of 355.50 and closed at 363.65.
Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Aarvee Denim. (Daily)
Last Close - 087.45 | Support - 075, 058 | Resistance - 097, 119
Trading Range - The scrip opened at 085.00, moved up to an intra-day high of 087.45, declined to an intra-day low of 085.00 and closed at 087.45.
Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Networth Stk. (Daily)
Last Close - 099.20 | Support - 096, 081 | Resistance - 120, 144
Trading Range - The scrip opened at 096.00, moved up to an intra-day high of 099.20, declined to an intra-day low of 096.00 and closed at 099.20.
Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Flat Products. (Daily)
Last Close - 473.00 | Support - 445, 378 | Resistance - 500, 550
Trading Range - The scrip opened at 455.00, moved up to an intra-day high of 473.00, declined to an intra-day low of 446.00 and closed at 473.00.
Review/Outlook - The scrip has reflected strength by appreciating 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 |
1099, 1075 |
1106.85 |
1155, 1192 |
Up |
|
DR. REDDY |
610, 579 |
640.40 |
645, 669 |
Sd |
|
HUL |
203, 192 |
211.95 |
216, 224 |
Up |
|
INFOSYS |
1785, 1723 |
1830.30 |
1834, 1878 |
Td |
|
ITC |
180, 168 |
180.35 |
193, 213 |
Up |
|
RIL |
2000, 1948 |
2034.50 |
2050, 2100 |
Up |
|
SATYAM |
425, 406 |
430.70 |
443, 471 |
Td |
|
SBI |
1652, 1608 |
1653.55 |
1676, 1726 |
Up |
|
T MOTORS |
670, 635 |
693.80 |
698, 722 |
Sd |
|
TISCO |
695, 670 |
703.55 |
731, 750 |
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.
