Stock tips for today

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. Consumer Durables, Banks, Auto, FMCG, Metal & PSU have ended positive in varying degrees while Capital Goods, Healthcare, IT, Oil & Realty have ended in negative territory.

Volume registered a noticeable decrease (read as turnover) while the undertone seemed confused.

Sensex (Daily)

Last Close | 18048.05; Support | 17953, 17494; Resistance | 18319, 18632

Trading Range: The Sensex opened at 18228.21, moved up to an intra-day high of 18256.82, declined to an intra-day low of 17900.96 and closed at 18048.05.

Review/Outlook: The Sensex has had a mixed trading session, has had a positive 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 lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 18029 level while significant support at lower levels (17902) | would limit the downside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 16200 level.

Spanco Tele. (Daily)

Last Close | 202.00; Support | 195, 163; Resistance | 212, 236

Trading Range: The scrip opened at 200.95, moved up to an intra-day high of 204.95, declined to an intra-day low of 199.00 and closed at 202.00.

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.

Anant Raj Ind. (Daily)

Last Close | 326.60; Support | 313, 256; Resistance | 353, 388

Trading Range: The scrip opened at 325.00, moved up to an intra-day high of 334.80, declined to an intra-day low of 313.00 and closed at 326.60.

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.

Dolphin Off. (Daily)

Last Close | 219.10; Support | 214, 182; Resistance | 238, 269

Trading Range: The scrip opened at 202.00, moved up to an intra-day high of 224.80, declined to an intra-day low of 202.00 and closed at 219.10.

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.

Orissa Sponge. (Daily)

Last Close | 479.95; Support | 459, 418; Resistance | 497, 567

Trading Range: The scrip opened at 479.95, moved up to an intra-day high of 479.95, declined to an intra-day low of 460.00 and closed at 479.95.

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

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.