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.
Capital Goods, Banks, IT, Auto, Oil, PSUs, Consumer Durables, Realty, & Tech have ended positive in varying degrees while FMCG, Healthcare & Metals have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed sombre.
Sensex (Daily)
Last Close | 20104.39; Support | 20035, 19984; Resistance | 20238, 20500
Trading Range: The Sensex opened at 20498.00, moved up to an intra-day high of 20498.00, declined to an intra-day low of 20066.00 and closed at 20104.00.
Review/Outlook: The Sensex has had a mixed trading session, has had a strong opening, has moved both ways, has received 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 20066 level while support at lower levels (19905) | would limit the downside. The outlook has turned positive again while resistance comes in at the 21200+ level and support comes in at the 18833 level.
Supra. Engg. (Daily)
Last Close | 142.85; Support | 122, 100; Resistance | 147, 182
Trading Range: The scrip opened at 130.00, moved up to an intra-day high of 142.85, declined to an intra-day low of 126.00 and closed at 142.85.
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.
Alphageo Ind. (Daily)
Last Close | 817.70; Support | 802, 732; Resistance | 838, 900
Trading Range: The scrip opened at 795.00, moved up to an intra-day high of 817.70, declined to an intra-day low of 775.20 and closed at 817.70.
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.
Jaibala Ind. (Daily)
Last Close | 413.60; Support | 375, 344; Resistance | 425, 475
Trading Range: The scrip opened at 408.70, moved up to an intra-day high of 413.60, declined to an intra-day low of 395.10 and closed at 413.60.
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.
VBC Ferro. (Daily)
Last Close | 387.55; Support | 372, 325; Resistance | 409, 483
Trading Range: The scrip opened at 379.95, moved up to an intra-day high of 387.55, declined to an intra-day low of 369.00 and closed at 387.55.
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 |
1025, 994 |
1064.45 |
1099, 1155 |
Tu |
|
DR. REDDY |
689, 669 |
710.60 |
712, 733 |
Up |
|
HUL |
203, 192 |
212.00 |
216, 224 |
Sd |
|
INFOSYS |
1510, 1457 |
1658.70 |
1667, 1723 |
Up |
|
ITC |
193, 180 |
196.90 |
213, 240 |
Up |
|
RIL |
2805, 2724 |
2832.75 |
2929, 3000 |
Tu |
|
SATYAM |
406, 385 |
421.05 |
425, 443 |
Sd |
|
SBI |
2331, 2279 |
2394.25 |
2400, 2500 |
Up |
|
T MOTORS |
749, 722 |
759.85 |
771, 811 |
Up |
|
TISCO |
858, 820 |
889.40 |
890, 924 |
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.
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 not only be having positions but could even be having contrary positions in the stocks mentioned above.
