Sensex (Daily)
Last Close - 11851.93, Support - 11826, 11707, Resistance - 11931, 12000
Trading Range: The Sensex opened at 11698.68, moved up to an intra-day high of 11877.32, declined to an intra-day low of 11344.61 and closed at 11851.93.
Review/Outlook: The Sensex has staged a fantastic recovery from lower levels to recoup all lost ground to end in positive territory by giving an upward key reversal on lower volume. The outlook continues to remain positive, as the bigger picture remains quite solid while the intra-day picture seems to be under pressure again while an intra-day upside below the 11877 level can not be ruled out.
Zenith Comp. (Daily)
Last Close - 093.90, Support - 091, 080, Resistance - 110, 124
Trading Range - The scrip opened at 081.00, moved up to an intra-day high of 093.90, declined to an intra-day low of 081.00 and closed at 093.90.
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.
Godrej Ind. (Daily)
Last Close - 721.15, Support - 700, 675, Resistance - 750, 800
Trading Range - The scrip opened at 721.00, moved up to an intra-day high of 721.15, declined to an intra-day low of 623.00 and closed at 721.15.
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.
Nagreeka Exp. (Daily)
Last Close - 159.05, Support - 148, 128, Resistance - 175, 200
Trading Range - The scrip opened at 144.00, moved up to an intra-day high of 159.05, declined to an intra-day low of 144.00 and closed at 159.05.
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.
Elecon Eng. (Daily)
Last Close - 1276.00, Support - 1237, 1010, Resistance - 1420, 1500
Trading Range - The scrip opened at 1190.00, moved up to an intra-day high of 1277.20, declined to an intra-day low of 1190.00 and closed at 1276.00.
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 |
951.95 |
950, 1000 |
Td |
|
DR. REDDY |
1400, 1342 |
1435.35 |
1466, 1500 |
Td |
|
HLL |
281, 266 |
290.65 |
295, 305 |
Tu |
|
INFOSYS |
3074, 2938 |
3133.90 |
3155, 3250 |
Sd |
|
ITC |
190, 180 |
201.15 |
210, 225 |
Sd |
|
RIL |
1000, 950 |
1007.80 |
1050, 1100 |
Up |
|
SATYAM |
730, 705 |
749.35 |
752, 770 |
Os |
|
SBI |
871, 850 |
882.35 |
900, 926 |
Os |
|
T MOTORS |
900, 850 |
929.05 |
950, 999 |
Sd |
|
TISCO |
605, 550 |
634.40 |
700, 800 |
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.
