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.
Banks, Realty, IT, Auto, FMCG, Healthcare, Metals & Tech have ended positive in varying degrees while Capital Goods, Consumer Durables, Metals, Oil & PSUs have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.
Sensex (Daily)
Last Close | 19795.87; Support | 19621, 19276; Resistance | 19984, 20035
Trading Range: The Sensex opened at 20018.00, moved up to an intra-day high of 20064.00, declined to an intra-day low of 19716.57 and closed at 19795.87.
Review/Outlook: The Sensex has had a mixed trading session, has had a strong opening, has moved both ways, has received 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 distinct possibility) could come in above the 19811 level while resistance at higher levels (20000) | would limit the upside. The outlook has turned positive again while resistance comes in at the 20200+ level and support comes in at the 18833 level.
Gremac Infra. (Daily)
Last Close | 345.50; Support | 325, 296 ; Resistance | 356, 400
Trading Range: The scrip opened at 360.80, moved up to an intra-day high of 360.80, declined to an intra-day low of 344.00 and closed at 345.60.
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.
Usher Agro. (Daily)
Last Close | 092.30; Support | 072, 052 ; Resistance | 095, 120
Trading Range: The scrip opened at 093.65, moved up to an intra-day high of 096.65, declined to an intra-day low of 085.50 and closed at 092.30.
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.
Kaveri Tele. (Daily)
Last Close | 224.75; Support | 204, 178 ; Resistance | 250, 300
Trading Range: The scrip opened at 223.95, moved up to an intra-day high of 224.75, declined to an intra-day low of 219.00 and closed at 224.75. 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.
RSWM Ltd. (Daily)
Last Close | 134.65; Support | 129, 115 ; Resistance | 160, 200
Trading Range: The scrip opened at 134.50, moved up to an intra-day high of 134.65, declined to an intra-day low of 127.30 and closed at 134.65.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
1025, 994 |
1082.00 |
1099, 1155 |
Tu |
|
DR. REDDY |
645, 610 |
662.00 |
669, 689 |
Up |
|
HUL |
203, 192 |
207.55 |
216, 224 |
Sd |
|
INFOSYS |
1510, 1457 |
1634.90 |
1667, 1723 |
Tu |
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ITC |
180, 168 |
192.65 |
193, 213 |
Up |
|
RIL |
2805, 2724 |
2874.55 |
2929, 3000 |
Tu |
|
SATYAM |
425, 406 |
436.80 |
443, 471 |
Tu |
|
SBI |
2331, 2279 |
2396.60 |
2400, 2500 |
Up |
|
T MOTORS |
771, 749 |
775.45 |
811, 849 |
Up |
|
TISCO |
820, 762 |
847.20 |
858, 890 |
Tu |
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 not only be having positions but could even be having contrary positions in the stocks mentioned above.
