Sensex (Daily)
Last Close - 17526.93 | Support - 17494, 17361 | Resistance - 17953, 18319
Trading Range - The Sensex opened at 18198.68, moved up to an intra-day high of 18198.68, declined to an intra-day low of 17492.28 and closed at 17526.93.
Review/Outlook - The Sensex has had a weak trading session, has had a positive opening, has moved just one way, has received selling pressure even at lower levels, has come off from its intra - day high and has finally ended in negative territory on higher volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 17492 level while significant support at lower levels (17292) would limit the downside. The outlook has turned negative again while resistance comes in at the 18800+ level and support comes in at the 17200 level.
Andhra Prad. (Daily)
Last Close - 100.70 | Support - 092, 072 | Resistance - 119, 134
Trading Range - The scrip opened at 089.00, moved up to an intra-day high of 103.00, declined to an intra-day low of 088.55 and closed at 100.70.
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.
Rajvir Ind. (Daily)
Last Close - 141.70 | Support - 24, 082 | Resistance - 159, 191
Trading Range - The scrip opened at 126.00, moved up to an intra-day high of 153.00, declined to an intra-day low of 126.00 and closed at 141.70.
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.
Ess Dee Alum. (Daily)
Last Close - 666.85 | Support - 649, 495 | Resistance - 701, 842
Trading Range - The scrip opened at 610.00, moved up to an intra-day high of 700.00, declined to an intra-day low of 581.00 and closed at 666.85.
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.
Tata Power. (Daily)
Last Close - 1415.60 | Support - 1358, 1290 | Resistance - 1465, 1533
Trading Range - The scrip opened at 1420.00, moved up to an intra-day high of 1468.00, declined to an intra-day low of 1392.00 and closed at 1415.60.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
750, 724 |
772.70 |
778, 829 |
Sd |
|
DR. REDDY |
487, 450 |
522.65 |
530, 579 |
Td |
|
HUL |
192, 183 |
199.60 |
203, 216 |
Sd |
|
INFOSYS |
1457, 1425 |
1480.90 |
1510, 1667 |
Sd |
|
ITC |
180, 168 |
192.20 |
193, 213 |
Td |
|
RIL |
2309, 2274 |
2425.00 |
2426, 2539 |
Sd |
|
SATYAM |
385, 366 |
390.85 |
406, 425 |
Sd |
|
SBI |
2050, 1905 |
2155.20 |
2180, 2279 |
Sd |
|
T MOTORS |
698, 670 |
714.90 |
722, 749 |
Sd |
|
T STEEL |
762, 731 |
771.40 |
820, 858 |
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 not only be having positions but could even be having contrary positions in the stocks mentioned above.
