Sensex (Daily)
Last Close - 16063.18 | Support - 15956, 15734 | Resistance - 16165, 16308
Trading Range - The Sensex opened at 16591.46, moved up to an intra-day high of 16632.72, declined to an intra-day low of 15991.21 and closed at 16063.18.
Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has faced 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 distinct possibility) could come in below the 16049 level while significant support at lower levels (15800) would limit the downside. The outlook has turned weak again while resistance comes in at the 17300+ level and support comes in at the 15300 level.
Dover Secur. (Daily)
Last Close - 164.45 | Support - 157, 117 | Resistance - 199, 237
Trading Range - The scrip opened at 161.00, moved up to an intra-day high of 164.45, declined to an intra-day low of 161.00 and closed at 164.45.
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.
Sanra Softw. (Daily)
Last Close - 079.15 | Support - 076, 048 | Resistance - 098, 131
Trading Range - The scrip opened at 073.10, moved up to an intra-day high of 079.15, declined to an intra-day low of 073.00 and closed at 079.15.
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.
Refex Refrig. (Daily)
Last Close - 226.25 | Support - 221, 186 | Resistance - 230, 276
Trading Range - The scrip opened at 221.75, moved up to an intra-day high of 227.25, declined to an intra-day low of 219.10 and closed at 226.25.
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.
Adhunik Metal. (Daily)
Last Close - 174.55 | Support - 169, 137 | Resistance - 182, 229
Trading Range - The scrip opened at 171.15, moved up to an intra-day high of 183.40, declined to an intra-day low of 171.00 and closed at 174.55.
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 |
615, 573 |
626.10 |
656, 697 |
Dt |
|
DR. REDDY |
712, 689 |
718.30 |
737, 774 |
Up |
|
HUL |
224, 216 |
233.60 |
240, 252 |
Td |
|
INFOSYS |
1917, 1834 |
1950.90 |
1951, 2010 |
Up |
|
ITC |
213, 193 |
219.85 |
227, 240 |
Td |
|
RIL |
2309, 2274 |
2355.70 |
2426, 2539 |
Dt |
|
SATYAM |
493, 475 |
518.65 |
522, 554 |
Up |
|
SBI |
1381, 1302 |
1394.10 |
1418, 1472 |
Dt |
|
T MOTORS |
535, 487 |
562.95 |
567, 600 |
Dt |
|
T STEEL |
858, 820 |
868.05 |
890, 924 |
Td |
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.
