Flex Ind, Mindteck look good

The market has actually moved both ways, has come off its intra-day high and has finally ended the day in negative territory. Capital Goods, FMCG, Healthcare, IT & Auto have ended negative in varying degrees while Banks, Consumer Durables, Metals, Oil & PSU's have ended in positive territory. Volume registered a wafer-thin increase (read as turnover) while the undertone seemed docile.

Sensex

Last Close - 13860.52 | Support - 13857, 13790 | Resistance - 13931, 14035

Trading Range - The Sensex opened at 13768.79, moved up to an intra-day high of 13971.82, declined to an intra-day low of 13763.39 and closed at 13860.52.

Review/Outlook - The Sensex has reflected some amount of weakness by opening with a downward gap but has held relatively firm thereafter to come off sharply from its intra-day high but has finally ended mildly in negative territory on marginally higher 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 a minor intra-day upside (especially above the 13902 level) while support comes in at the 13770 level.

Flex Ind

Last Close - 167.05 | Support - 150, 120 | Resistance - 175, 200

Trading Range - The scrip opened at 167.00, moved up to an intra-day high of 167.00, declined to an intra-day low of 160.00 and closed at 167.00.

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. 

Mindteck Ind

Last Close - 051.55 | Support - 049, 037 | Resistance - 054, 064

Trading Range - The scrip opened at 046.55, moved up to an intra-day high of 051.55, declined to an intra-day low of 046.55 and closed at 051.55.

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.

Fairfield Atlas

Last Close - 091.45 | Support - 081, 066 | Resistance - 093, 102

Trading Range - The scrip opened at 088.95, moved up to an intra-day high of 091.45, declined to an intra-day low of 087.00 and closed at 091.45.

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.

KLG Systel

Last Close - 380.20 | Support - 334, 249 | Resistance - 400, 450

Trading Range - The scrip opened at 364.80, moved up to an intra-day high of 380.20, declined to an intra-day low of 363.00 and closed at 380.20.

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.

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.