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.
Capital goods, banks, auto, consumer durables, healthcare, IT, metals, realty, tech, FMCG, oil & PSUs have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.
Sensex
Last Close -- 18852.87; Support -- 18833, 18327; Resistance -- 19276, 19621
Trading Range: The Sensex opened at 18737.22, moved up to an intra-day high of 18910.46, declined to an intra-day low of 18548.06 and closed at 18852.87.
Review/Outlook: The Sensex has had a mixed trading session, has had a good opening, has moved both ways, has received buying support at lower levels, 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 distinct possibility) could come in above the 18871 level while resistance at higher levels (19206) -- would limit the upside. The outlook has turned bullish again while resistance comes in at the 21200+ level and support comes in at the 18833 level.
Kamanwala Hous.
Last Close -- 169.35; Support -- 150, 125; Resistance -- 175, 200
Trading Range: The scrip opened at 162.40, moved up to an intra-day high of 169.95, declined to an intra-day low of 159.30 and closed at 169.35.
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.
Sical Logist.
Last Close -- 246.60; Support -- 227, 210; Resistance -- 249, 286
Trading Range: The scrip opened at 245.00, moved up to an intra-day high of 288.00, declined to an intra-day low of 243.00 and closed at 246.60.
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.
Khoday India
Last Close -- 271.10; Support -- 227, 165; Resistance -- 278, 320
Trading Range: The scrip opened at 270.00, moved up to an intra-day high of 286.75, declined to an intra-day low of 268.00 and closed at 271.10.
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.
Shivvani Oil
Last Close -- 444.10; Support -- 429, 390; Resistance -- 467, 500
Trading Range: The scrip opened at 444.80, moved up to an intra-day high of 453.95, declined to an intra-day low of 437.00 and closed at 444.10.
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 |
1099, 1025 |
1112.90 |
1155, 1192 |
Tu |
DR. REDDY |
579, 524 |
602.05 |
610, 645 |
Sd |
HUL |
203, 192 |
205.55 |
216, 224 |
Sd |
INFOSYS |
1510, 1457 |
1558.00 |
1667, 1723 |
Os |
ITC |
180, 168 |
184.15 |
193, 213 |
Up |
RIL |
2805, 2724 |
2811.45 |
2929, 3000 |
Sd |
SATYAM |
406, 385 |
416.75 |
425, 443 |
Os |
SBI |
2180, 2050 |
2251.20 |
2279, 2331 |
Sd |
T MOTORS |
698, 670 |
714.65 |
722, 749 |
Sd |
TISCO |
820, 762 |
820.50 |
858, 890 |
Sd |
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 not only be having positions but could even be having contrary positions in the stocks mentioned above.