Shyam Tele, Ruby Mills 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. Banks, Metals, PSU, Capital Goods, Healthcare, IT & Auto have ended negative in varying degrees while Oil, Consumer Durables & FMCG have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed weak.

Sensex

Last Close - 13566.33 | Support - 13461, 13390 | Resistance - 13576, 13652

Trading Range - The Sensex opened at 13650.96, moved up to an intra-day high of 13748.42, declined to an intra-day low of 13493.38 and closed at 13566.33.

Review/Outlook - The Sensex has reflected some amount of weakness by not being able to sustain at higher levels to remain under pressure all through except for the first half-hour to come off sharply from its intra-day high to finally end in negative territory on distinctly higher volume. Volatility can be the order of the day, the negatives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day downside (especially below the 13493 level) while support comes in at the 13367 level.   

Shyam Tele

Last Close - 103.05 | Support - 098, 072 | Resistance - 110, 134

Trading Range - The scrip opened at 099.70, moved up to an intra-day high of 103.05, declined to an intra-day low of 098.55 and closed at 103.05.

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. 

Ruby Mills

Last Close - 434.05 | Support - 433, 367 | Resistance - 440, 475

Trading Range - The scrip opened at 432.00, moved up to an intra-day high of 434.05, declined to an intra-day low of 425.00 and closed at 434.05.

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.

Tera Software

Last Close - 090.70 | Support - 082, 066 | Resistance - 100, 121

Trading Range - The scrip opened at 084.40, moved up to an intra-day high of 091.60, declined to an intra-day low of 083.60 and closed at 090.70.

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.

Sahara India Mas. Com

Last Close - 511.55 | Support - 496, 435 | Resistance - 562, 623

Trading Range - The scrip opened at 475.00, moved up to an intra-day high of 511.80, declined to an intra-day low of 475.00 and closed at 511.55.

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. 

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.