The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in negative territory.
Metal, Realty, Consumer Durables, FMCG & Healthcare have ended positive in varying degrees while Banks, Capital Goods, IT, Auto, Oil & PSU have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed sombre.
Sensex (Daily)
Last Close | 16015.56; Support | 15956, 15734; Resistance | 16308, 16416
Trading Range: The Sensex opened at 15950.29, moved up to an intra-day high of 16111.44, declined to an intra-day low of 15869.09 and closed at 16015.56.
Review/Outlook: The Sensex has had a mixed trading session, has had a negative 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 negative territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 16029 level while significant resistance at higher levels (16309) | would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 14700 level.
VIP Industries (Daily)
Last Close | 091.75; Support | 083, 059; Resistance | 106, 132
Trading Range: The scrip opened at 090.20, moved up to an intra-day high of 094.00, declined to an intra-day low of 086.10 and closed at 091.75.
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.
Northgate Tech (Daily)
Last Close | 437.30; Support | 410, 371; Resistance | 484, 553
Trading Range: The scrip opened at 415.00, moved up to an intra-day high of 445.00, declined to an intra-day low of 403.00 and closed at 437.30.
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.
Jupiter BioSci (Daily)
Last Close | 136.30; Support | 123, 087; Resistance | 145, 175
Trading Range: The scrip opened at 122.00, moved up to an intra-day high of 139.00, declined to an intra-day low of 122.25 and closed at 136.30.
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.
ICSA Ltd (Daily)
Last Close | 419.85; Support | 416, 363; Resistance | 474, 527
Trading Range: The scrip opened at 405.00, moved up to an intra-day high of 438.00, declined to an intra-day low of 382.00 and closed at 419.85.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
778, 750 |
819.15 |
829, 856 |
Sd |
|
DR. REDDY |
579. 530 |
580.15 |
610, 645 |
Tu |
|
HUL |
240, 224 |
244.00 |
252, 266 |
Up |
|
INFOSYS |
1425, 1385 |
1440.80 |
1457, 1510 |
Sd |
|
ITC |
193, 180 |
200.05 |
213, 227 |
Tu |
|
RIL |
2274, 2154 |
2275.00 |
2309, 2426 |
Sd |
|
SATYAM |
385, 366 |
395.05 |
406, 425 |
Tu |
|
SBI |
1624, 1539 |
1650.45 |
1760, 1802 |
Sd |
|
T MOTORS |
635, 600 |
655.20 |
670, 698 |
Sd |
|
T STEEL |
652, 614 |
654.80 |
670, 695 |
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.
