The market has had a fantastic trading session to forge ahead and has ended the day sharply in positive territory. Banks, Consumer Durables, FMCG, Pharma, IT, Oil, Capital Goods, Auto and PSU's have ended positive in varying degrees while the Metal sector has ended in negative territory. Volume registered a clear increase (read as turnover) while the undertone seemed bullish.
Sensex (Daily)
Last Close - 11822 | Support - 11707, 11618 | Resistance - 11826, 11931
Trading Range - The Sensex opened at 11625, moved up to an intra-day high of 11835, declined to an intra-day low of 11625 and closed at 11822.
Review/Outlook - The Sensex has staged a brilliant rally by opening with an upward gap and moving up from open to close to end sharply in positive territory but convincingly enough, on significantly higher volume. The bigger picture continues to remain quite solid while an intra-day upside seems like a distinctly possibility as the Sensex has also closed at an all time high closing.
Mysore Cem. (Daily)
Last Close - 051.50 | Support - 048, 031 | Resistance - 075, 100
Trading Range - The scrip opened at 050.70, moved up to an intra-day high of 051.50, declined to an intra-day low of 048.50 and closed at 051.50.
Review/Outlook - The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards.
Morarjee Real. (Daily)
Last Close - 688.00 | Support - 661, 613 | Resistance - 700, 800
Trading Range - The scrip opened at 674.70, moved up to an intra-day high of 688.00, declined to an intra-day low of 665.85 and closed at 688.00.
Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Taneja Aero. (Daily)
Last Close - 232.75 | Support - 213, 173 | Resistance - 250, 300
Trading Range - The scrip opened at 220.00, moved up to an intra-day high of 232.75, declined to an intra-day low of 220.00 and closed at 232.75.
Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Dagger Forst. (Daily)
Last Close - 072.75 | Support - 069, 054 | Resistance - 085, 104
Trading Range - The scrip opened at 072.95, moved up to an intra-day high of 073.20, declined to an intra-day low of 068.70 and closed at 072.75.
Review/Outlook - The scrip has reflected strength by moving up virtually from open to close 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 |
900, 850 |
935.10 |
950, 1000 |
Up |
DR. REDDY |
1500, 1466 |
1509.50 |
1589, 1700 |
Up |
HLL |
266, 252 |
279.70 |
281, 295 |
Up |
INFOSYS |
3250, 3155 |
3335.30 |
3453, 3600 |
Up |
ITC |
190, 180 |
197.70 |
210, 225 |
Sd |
RIL |
850, 800 |
891.25 |
900, 950 |
Up |
SATYAM |
860, 830 |
861.85 |
886, 950 |
Sd |
SBI |
926, 900 |
942.05 |
950, 1000 |
Td |
T MOTORS |
900, 850 |
932.30 |
950, 999 |
Sd |
TISCO |
550, 500 |
589.30 |
605, 700 |
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 be having positions in the stocks mentioned above.