The market has remained in a negative frame of mind, has come off its intra-day high and has finally ended the day in negative territory. Consumer Durables, Healthcare, Metals, Oil & PSU's have ended positive in varying degrees while the Banks, Capital Goods, FMCG, IT & Auto have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed subdued.
Sensex
Last Close - 14211.90 | Support - 14171, 14035 | Resistance - 14243, 14325
Trading Range - The Sensex opened at 14306.97, moved up to an intra-day high of 14316.54, declined to an intra-day low of 14185.92 and closed at 14211.96.
Review/Outlook - The Sensex has reflected near term weakness by not being able to sustain itself at higher levels, has given a downward key reversal, to come off from its intra-day high and has finally ended in negative territory on distinctly lower volume. Volatility can be the order of the day, the negatives of the last trading session might just spill over to today's trading session indicating the possibility of an intra-day downside especially below the 14185 level while strong support at lower levels (14114) could mean a rather limited downside.
Bhartiya Int'nl
Last Close - 214.40 | Support - 194, 152 | Resistance - 218, 247
Trading Range - The scrip opened at 198.50, moved up to an intra-day high of 214.40, declined to an intra-day low of 192.60 and closed at 214.40.
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.
Goldstone Tech
Last Close - 088.60 | Support - 084, 061 | Resistance - 098, 125
Trading Range - The scrip opened at 082.00, moved up to an intra-day high of 088.60, declined to an intra-day low of 080.90 and closed at 088.60.
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.
Shive Tex
Last Close - 049.75 | Support - 047, 035 | Resistance - 051, 067
Trading Range - The scrip opened at 046.00, moved up to an intra-day high of 049.75, declined to an intra-day low of 046.00 and closed at 049.75.
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 - 596.10 | Support - 587, 506 | Resistance - 625, 650
Trading Range - The scrip opened at 594.00, moved up to an intra-day high of 596.10, declined to an intra-day low of 571.10 and closed at 596.10.
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 |
1044.45 |
1061, 1110 |
Sd |
|
DR. REDDY |
733, 700 |
751.80 |
757, 795 |
Td |
|
HLL |
203, 192 |
213.85 |
216, 224 |
Sd |
|
INFOSYS |
2208, 2163 |
2242.15 |
2270, 2325 |
Tu |
|
ITC |
168, 155 |
172.40 |
180, 190 |
Up |
|
RIL |
1373, 1342 |
1381.80 |
1409, 1450 |
Up |
|
SATYAM |
443, 430 |
464.35 |
475, 500 |
Td |
|
SBI |
1135, 1100 |
1155.00 |
1166, 1190 |
Td |
|
T MOTORS |
888, 849 |
899.55 |
920, 944 |
Sd |
|
TISCO |
518, 500 |
519.30 |
543, 570 |
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.
