Sensex (Daily)
Last Close - 15357.35 | Support - 15322, 15160 | Resistance - 15638, 15734
Trading Range - The Sensex opened at 15873.28, moved up to an intra-day high of 15873.28, declined to an intra-day low of 15228.99 and closed at 15357.35.
Review/Outlook - The Sensex has had a weak trading session, has had a negative 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 sharply in negative territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15369 level while significant resistance at higher levels (15602) would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 16200 level.
Gulshan Poly. (Daily)
Last Close - 293.70 | Support - 266, 237 | Resistance - 294, 346
Trading Range - The scrip opened at 266.00, moved up to an intra-day high of 293.80, declined to an intra-day low of 265.90 and closed at 293.70.
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.
Dcm Shriram. (Daily)
Last Close - 113.70 | Support - 110, 084 | Resistance - 129, 142
Trading Range - The scrip opened at 107.75, moved up to an intra-day high of 118.50, declined to an intra-day low of 107.75 and closed at 113.70.
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.
Godrej Con. (Daily)
Last Close - 139.45 | Support - 128, 101 | Resistance - 146, 163
Trading Range - The scrip opened at 132.05, moved up to an intra-day high of 141.00, declined to an intra-day low of 132.05 and closed at 139.45.
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.
Nitco Tiles. (Daily)
Last Close - 240.30 | Support - 235, 212 | Resistance - 253, 290
Trading Range - The scrip opened at 238.00, moved up to an intra-day high of 250.00, declined to an intra-day low of 235.10 and closed at 240.30.
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 |
778, 750 |
779.25 |
829, 856 |
Tu |
DR. REDDY |
530, 487 |
539.30 |
579, 610 |
Td |
HUL |
216, 203 |
222.45 |
224, 240 |
Sd |
INFOSYS |
1325, 1273 |
1333.50 |
1385, 1425 |
Sd |
ITC |
180, 169 |
185.45 |
193, 213 |
Sd |
RIL |
2180, 2120 |
2241.65 |
2274, 2309 |
Sd |
SATYAM |
338, 305 |
364.05 |
366, 385 |
Sd |
SBI |
1624, 1539 |
1695.70 |
1760, 1802 |
Sd |
T MOTORS |
600, 561 |
620.35 |
635, 670 |
Sd |
T STEEL |
695, 670 |
697.20 |
731, 762 |
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 not only be having positions but could even be having contrary positions in the stocks mentioned above.