Sensex
Last Close: 3075.48 Support: 3007, 2922 Resistance: 3101, 3210
Trading Range: The Sensex opened at 3056.18, moved up to an intra-day high of 3084.03, declined to an intra-day low of 3056.18 and closed at 3075.48.
Review/Outlook: The Sensex continues its upward march and could appreciate further barring stiff resistance from the 3078 - 3083 levels. A minor decline below the 3071 level cannot be ruled out.
Amara Raja
Last Close: 60.40 Support: 59, 55 Resistance: 62, 67
Trading Range: The scrip opened at 060.00, moved up to an intra-day high of 060.75, declined to an intra-day low of 059.10 and closed at 060.40.
Review/Outlook: The scrip seems to be on the recovery path and is also on the verge of making a higher top, higher bottom formation. Steady progress seems to be on the cards.
Trading Range: The scrip opened at 172.80, moved up to an intra-day high of 179.65, declined to an intra-day low of 169.00 and closed at 178.55.
Review/Outlook: The scrip has taken support on the 10 day average and has bounced back smartly to close in positive territory. Volume has improved with the progress in price indicating scope for appreciation.
Max India
Last Close: 83.40 Support: 82, 76 Resistance: 87, 95
Trading Range:The scrip opened at 080.00, moved up to an intra-day high of 084.40, declined to an intra-day low of 079.15 and closed at 083.40.
Review/Outlook: The scrip has recovered smartly to close above the 55 day average after a 4 trading session long struggle. Short term appreciation looks like a distinct possibility.
Satyam
Last Close: 262.30 Support: 253, 224 Resistance: 301, 345
Trading Range: The scrip opened at 261.00, moved up to an intra-day high of 266.75, declined to an intra-day low of 259.10 and closed at 262.30.
Review/Outlook: The scrip has stopped to catch its breath after a scintillating rally and seems to be in a consolidation phase on the intra-day charts. The continuation of this uptrend seems imminent.
Stock Track
Scrip
Support
Last Close
Resistance
Trend
ACC
148, 143
152.20
153, 165
Up
HLL
163, 155
163.15
172, 183
Tu
INFOSYS
4360, 3977
4407.40
4816, 5600
Tu
ITC
592, 541
624.40
665, 729
Tu
MTNL
95, 85
102.50
103, 115
Tu
RIL
269, 242
273.10
298, 324
Tu
SATYAM
253, 224
262.30
301, 345
Tu
SBI
235, 223
241.50
248, 258
Sd
TELCO
148, 135
156.15
166, 186
Tu
TISCO
131, 125
131.45
139, 150
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, CMP - Current Market Price, 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.
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