The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in positive territory. Metal, Capital Goods, Auto, Consumer Durables, FMCG, Oil & Psu's have ended positive in varying degrees while Banks, Healthcare & IT have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed bullish.
Sensex (Daily)
Last Close - 15732.20 | Support - 15683, 15650 | Resistance - 15800, 15900
Trading Range - The Sensex opened at 15560.57, moved up to an intra-day high of 15773.37, declined to an intra-day low of 15477.91 and closed at 15732.20.
Review/Outlook - The Sensex has had a mixed trading session, has had a decent opening, has depreciated after facing selling pressure at higher levels, but has come off from its intra - day low and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15773 level while some resistance at higher levels (15800) - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 16000+ level and support comes in at the 14600 level.
Godavari Fert. (Daily)
Last Close - 130.20 | Support - 114, 093 | Resistance - 135, 160
Trading Range - The scrip opened at 132.00, moved up to an intra-day high of 136.40, declined to an intra-day low of 126.10 and closed at 130.20.
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.
Radha Madhav. (Daily)
Last Close - 076.35 | Support - 074, 062 | Resistance - 079, 087
Trading Range - The scrip opened at 071.70, moved up to an intra-day high of 076.35, declined to an intra-day low of 071.70 and closed at 076.35.
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.
Action Const. (Daily)
Last Close - 302.65 | Support - 266, 235 | Resistance - 305, 336
Trading Range - The scrip opened at 266.00, moved up to an intra-day high of 302.65, declined to an intra-day low of 266.00 and closed at 302.65.
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.
Mcd Holdings. (Daily)
Last Close - 245.45 | Support - 237, 201 | Resistance - 259, 315
Trading Range - The scrip opened at 217.00, moved up to an intra-day high of 245.45, declined to an intra-day low of 217.00 and closed at 245.45.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
1099, 1075 |
1139.75 |
1155, 1192 |
Up |
|
DR. REDDY |
645, 610 |
667.10 |
669, 689 |
Sd |
|
HLL |
203, 192 |
204.00 |
216, 224 |
Tu |
|
INFOSYS |
1883, 1812 |
1946.80 |
1962, 2009 |
Tu |
|
ITC |
144, 136 |
153.25 |
155, 168 |
Sd |
|
RIL |
1900, 1849 |
1910.90 |
1925, 1950 |
Up |
|
SATYAM |
475, 443 |
491.65 |
500, 538 |
Sd |
|
SBI |
1550, 1531 |
1587.25 |
1591, 1625 |
Up |
|
T MOTORS |
771, 749 |
771.15 |
811, 849 |
Up |
|
TISCO |
710, 695 |
721.00 |
725, 750 |
Up |
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.
DISCLAIMER: While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.
Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.
