Keep an eye on Surya Roshni, Swan Mills, Ansal

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

Sensex (Daily)

Last Close -- 14478.19; Support -- 14454, 14325; Resistance -- 14524, 14600

Trading Range: The Sensex opened at 14541.24, moved up to an intra-day high of 14564.80, declined to an intra-day low of 14452.78, and closed at 14478.19.

Review/Outlook: The Sensex has reflected some amount of near term weakness by not being able to sustain itself at higher levels despite posting a fresh all time high to come off from its intra-day high and has finally ended in negative territory on distinctly higher 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 14452 level while strong support at lower levels (14388) could mean a rather limited downside.

Surya Roshni (Daily)

Last Close -- 076.20; Support -- 068, 050; Resistance -- 083, 113

Trading Range: The scrip opened at 073.00, moved up to an intra-day high of 076.20, declined to an intra-day low of 071.00 and closed at 076.20.

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.

Ansal Infra (Daily)

Last Close -- 839.55; Support -- 800, 750; Resistance -- 850, 900

Trading Range: The scrip opened at 839.55, moved up to an intra-day high of 839.55, declined to an intra-day low of 816.00 and closed at 839.55.

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.

Aarvee Denim (Daily)

Last Close -- 111.55; Support -- 103, 075; Resistance -- 119, 145

Trading Range: The scrip opened at 105.00, moved up to an intra-day high of 111.55, declined to an intra-day low of 105.00 and closed at 111.55.

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.

Swan Mills (Daily)

Last Close -- 103.05; Support -- 095, 071; Resistance -- 108, 126

Trading Range: The scrip opened at 102.80, moved up to an intra-day high of 103.05, declined to an intra-day low of 101.40 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.

Daily Stock Track

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.