The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in negative territory. FMCG, Consumer Durables, Oil, PSU, Banks & Capital Goods have ended negative in varying degrees while Healthcare, IT, Auto & Metal have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed subdued.
Sensex
Last Close - 15009.88 | Support - 15000, 14900 | Resistance - 15100, 15200
Trading Range - The Sensex opened at 15100.13, moved up to an intra-day high of 15114.95, declined to an intra-day low of 14966.40 and closed at 15009.88.
Review/Outlook - The Sensex has had a historic trading session, has had a positive opening, has depreciated after receiving selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day downside (seems like a distinct possibility) could come in below the 14966 level while some support at lower levels - could limit the downside. The outlook seems to have turned better again while resistance comes in at the 15100+ level and support comes in at the 14400 level.
Hind. Oil. Exp
Last Close - 135.00 | Support - 127, 109 | Resistance - 149, 175
Trading Range - The scrip opened at 130.55, moved up to an intra-day high of 138.30, declined to an intra-day low of 129.05 and closed at 135.00.
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.
Schrader Duncan
Last Close - 294.65 | Support - 269, 227 | Resistance - 300, 350
Trading Range - The scrip opened at 287.00, moved up to an intra-day high of 294.65, declined to an intra-day low of 254.00 and closed at 294.65.
Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Diamond Cables
Last Close - 236.90 | Support - 215, 188 | Resistance - 250, 275
Trading Range - The scrip opened at 232.40, moved up to an intra-day high of 236.90, declined to an intra-day low of 227.25 and closed at 236.90.
Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Tanla Sol
Last Close - 450.95 | Support - 407, 376 | Resistance - 451, 475
Trading Range - The scrip opened at 444.50, moved up to an intra-day high of 450.95, declined to an intra-day low of 440.10 and closed at 450.95.
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 |
994, 965 |
1036.70 |
1057, 1075 |
Up |
|
DR. REDDY |
669, 645 |
680.35 |
689, 712 |
Up |
|
HLL |
192, 183 |
198.50 |
203, 216 |
Up |
|
INFOSYS |
1962, 1883 |
2015.95 |
2061, 2133 |
Up |
|
ITC |
144, 136 |
153.45 |
155, 168 |
Sd |
|
RIL |
1645, 1625 |
1702.30 |
1705, 1737 |
Sd |
|
SATYAM |
475, 443 |
497.15 |
500, 538 |
Tu |
|
SBI |
1550, 1531 |
1550.60 |
1575, 1600 |
Up |
|
T MOTORS |
722, 698 |
744.55 |
749, 771 |
Up |
|
TISCO |
617, 593 |
633.95 |
646, 670 |
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.
