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Hot stocks of the day

August 22, 2007 09:39 IST

The market has remained in a negative state of mind, has come off its intra-day high and has finally ended the day in negative territory. Capital Goods, FMCG, Healthcare, Auto, IT, Banks, Metals, PSU, Consumer Durables & Oil have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed shaky.

Sensex

Last Close - 13989.11 | Support - 13931, 13857 | Resistance - 14035, 14171

Trading Range - The Sensex opened at 14512.19, moved up to an intra-day high of 14534.51, declined to an intra-day low of 13941.93 and closed at 13989.11.

Review/Outlook - The Sensex has had a weak trading session, has had a decent opening, has depreciated after facing 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 possibility) could come in below the 13941 level while support at lower levels (13800) - would limit the downside. The outlook seems to have turned weak again while resistance comes in at the 16000+ level and support comes in at the 14150 level.

Carol Info

Last Close - 062.25 | Support - 060, 051 | Resistance - 064, 073

Trading Range - The scrip opened at 062.00, moved up to an intra-day high of 062.25, declined to an intra-day low of 059.00 and closed at 062.25.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Stovec Ind

Last Close - 172.20 | Support - 158, 131 | Resistance - 187, 236

Trading Range - The scrip opened at 164.60, moved up to an intra-day high of 187.85, declined to an intra-day low of 157.50 and closed at 172.20.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Bihar Tubes

Last Close - 137.20 | Support - 114, 083 | Resistance - 145, 175

Trading Range - The scrip opened at 126.80, moved up to an intra-day high of 137.20, declined to an intra-day low of 126.80 and closed at 137.20.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Srinivas Hatch

Last Close - 069.30 | Support - 065, 052 | Resistance - 072, 093

Trading Range - The scrip opened at 063.00, moved up to an intra-day high of 069.30, declined to an intra-day low of 063.00 and closed at 069.30.

Review/Outlook - The scrip has reflected strength by appreciating 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

924, 892

936.75

965, 994

Td

DR. REDDY

610, 579

621.70

645, 669

Td

HUL

192, 183

193.40

203, 216

Td

INFOSYS

1723, 1667

1761.00

1784, 1812

Td

ITC

144, 136

152.20

155, 168

Td

RIL

1737, 1705

1747.35

1785, 1834

Sd

SATYAM

406, 385

416.45

425, 443

Sd

SBI

1402, 1362

1463.75

1470, 1509

Td

T MOTORS

610, 576

634.30

635, 698

Td

TISCO

543, 518

546.10

570, 593

Td

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.  

 

Hemen Kapadia, Morpheus Inc