The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day mildly in positive territory. Banks, FMCG, Consumer Durables, Metals, IT, Realty, Auto, Capital Goods & PSU have ended positive in varying degrees while Healthcare & Oil have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed shaky.
Sensex
Last Close - 13525.99 | Support - 13406, 13146 | Resistance - 13554, 13780
Trading Range - The Sensex opened at 13561.92, moved up to an intra-day high of 13793.39, declined to an intra-day low of 13475.78 and closed at 13525.99.
Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended mildly in positive 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 13518 level while significant support at lower levels (13335) - would limit the downside. The outlook has turned weak again while resistance comes in at the 14700+ level and support comes in at the 12800 level.
Gayatri Proj
Last Close - 209.60 | Support - 198, 164 | Resistance - 240, 283
Trading Range - The scrip opened at 197.70, moved up to an intra-day high of 209.65, declined to an intra-day low of 197.70 and closed at 209.60.
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.
Jhun. Vanaspati
Last Close - 126.05 | Support - 108, 089 | Resistance - 127, 149
Trading Range - The scrip opened at 125.00, moved up to an intra-day high of 132.40, declined to an intra-day low of 125.00 and closed at 126.05.
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.
Zylog Sys
Last Close - 252.65 | Support - 228, 204 | Resistance - 253, 279
Trading Range - The scrip opened at 248.75, moved up to an intra-day high of 256.90, declined to an intra-day low of 247.00 and closed at 252.65.
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.
Shreeram Ltd
Last Close - 115.25 | Support - 101, 087 | Resistance - 128, 151
Trading Range - The scrip opened at 115.00, moved up to an intra-day high of 115.25, declined to an intra-day low of 108.10 and closed at 115.25.
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 |
484, 460 |
496.20 |
520, 573 |
Dt |
|
DR. REDDY |
610, 579 |
539.40 |
645, 689 |
Dt |
|
HUL |
203, 192 |
209.45 |
216, 224 |
Dt |
|
INFOSYS |
1785, 1723 |
1801.20 |
1834, 1917 |
Sd |
|
ITC |
169, 155 |
177.60 |
180, 193 |
Dt |
|
RIL |
1999, 1915 |
2028.15 |
2079, 2115 |
Dt |
|
SATYAM |
475, 443 |
481.95 |
493, 522 |
Dt |
|
SBI |
1146, 1101 |
1171.75 |
1202, 1258 |
Dt |
|
T MOTORS |
390, 367 |
392.55 |
422, 448 |
Dt |
|
T STEEL |
614, 586 |
651.75 |
652, 670 |
Dt |
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.
