The market has actually moved just one way, has come off its intra-day low and has finally ended the day in positive territory. FMCG, Banks, Capital Goods, IT, PSU, Auto, Consumer Durables, Healthcare, Metals & Oil have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed upbeat.
Sensex
Last Close - 13708.34 | Support - 13652, 13576 | Resistance - 13723, 13790
Trading Range - The Sensex opened at 13501.44, moved up to an intra-day high of 13726.62, declined to an intra-day low of 13490.77 and closed at 13708.34.
Review/Outlook - The Sensex has finally reflected some amount of strength by coming off smartly from its intra-day low by moving in just one direction to end sharply in positive territory on extremely low 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 above the 13727 level) while the 13200 level is expected to be the trend decider for the time being.
Flex Ind
Last Close - 126.40 | Support - 120, 099 | Resistance - 150, 175
Trading Range - The scrip opened at 122.00, moved up to an intra-day high of 126.40, declined to an intra-day low of 121.55 and closed at 126.40.
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.
Schenectady-Beck
Last Close - 377.45 | Support - 350, 316 | Resistance - 380, 425
Trading Range - The scrip opened at 349.90, moved up to an intra-day high of 377.45, declined to an intra-day low of 349.90 and closed at 377.45.
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.
Shreeram
Last Close - 560.20 | Support - 557, 479 | Resistance - 626, 700
Trading Range - The scrip opened at 540.00, moved up to an intra-day high of 560.20, declined to an intra-day low of 540.00 and closed at 560.20.
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.
Suashish Diamonds
Last Close - 164.85 | Support - 153, 135 | Resistance - 166, 200
Trading Range - The scrip opened at 151.00, moved up to an intra-day high of 164.85, declined to an intra-day low of 151.00 and closed at 164.85.
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 |
1061, 1022 |
1063.20 |
1110, 1155 |
Sd |
|
DR. REDDY |
795, 757 |
802.15 |
840, 877 |
Up |
|
HLL |
216, 203 |
220.80 |
224, 240 |
Td |
|
INFOSYS |
2133, 2061 |
2219.65 |
2270, 2400 |
Tu |
|
ITC |
168, 155 |
174.55 |
180, 190 |
Td |
|
RIL |
1241, 1195 |
1276.75 |
1293, 1350 |
Tu |
|
SATYAM |
475, 443 |
476.55 |
500, 538 |
Tu |
|
SBI |
1190, 1100 |
1245.90 |
1250, 1300 |
Sd |
|
T MOTORS |
849, 811 |
884.40 |
888, 920 |
Tu |
|
TISCO |
466, 452 |
477.00 |
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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