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The market has actually moved both ways, has come off its intra-day low and has finally ended the day in positive territory. FMCG, Auto, Consumer Durables, Healthcare, Metals & Oil have ended positive in varying degrees while Banks, Capital Goods, IT & the PSU sector have ended in negative territory. Volume registered a wafer thin decrease (read as turnover) while the undertone seemed hopeful.
Sensex
Last Close - 13384.86 | Support - 13296, 13135 | Resistance - 13390, 13461
Trading Range - The Sensex opened at 13313.91, moved up to an intra-day high of 13441.36, declined to an intra-day low of 13182.35 and closed at 13384.86.
Review/Outlook - The Sensex has finally reflected some amount of resilience by coming off sharply from its intra-day low by moving in either direction to just about end in positive territory on marginally lower volume. Volatility can be the order of the day, the positives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day upside (especially below the 13441 level) while a small intra-day sideways movement cannot be ruled out but sustainability is offering some hope finally.
Murudeshwar Cer
Last Close - 110.35 | Support - 107, 094 | Resistance - 111, 134
Trading Range - The scrip opened at 100.05, moved up to an intra-day high of 110.35, declined to an intra-day low of 100.05 and closed at 110.35.
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.
Crest Anim
Last Close - 140.30 | Support - 115, 107 | Resistance - 143, 169
Trading Range - The scrip opened at 132.00, moved up to an intra-day high of 140.30, declined to an intra-day low of 132.00 and closed at 140.30.
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.
India Infoline
Last Close - 288.25 | Support - 250, 200 | Resistance - 300, 350
Trading Range - The scrip opened at 260.00, moved up to an intra-day high of 288.25, declined to an intra-day low of 256.00 and closed at 288.25.
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.
Techno Electric
Last Close - 141.40 | Support - 116, 104 | Resistance - 150, 175
Trading Range - The scrip opened at 139.95, moved up to an intra-day high of 141.10, declined to an intra-day low of 131.00 and closed at 141.40.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
1022, 979 |
1029.60 |
1061, 1110 |
Sd |
|
DR. REDDY |
795, 757 |
800.35 |
840, 877 |
Up |
|
HLL |
216, 203 |
219.95 |
224, 240 |
Td |
|
INFOSYS |
2100, 2000 |
2161.15 |
2200, 2300 |
Sd |
|
ITC |
168, 155 |
170.85 |
180, 190 |
Td |
|
RIL |
1241, 1195 |
1261.30 |
1293, 1350 |
Sd |
|
SATYAM |
443, 430 |
465.80 |
475, 500 |
Tu |
|
SBI |
1190, 1100 |
1211.20 |
1250, 1300 |
Td |
|
T MOTORS |
849, 811 |
865.05 |
888, 920 |
Sd |
|
TISCO |
466, 452 |
469.00 |
480, 500 |
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, 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 even be having contrary positions in the stocks mentioned above.
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