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The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in positive territory. Consumer Durables, Auto, Realty, FMCG, Banks, Healthcare, PSU & Metals have ended positive in varying degrees while Capital Goods, Oil, IT & Tech ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed upbeat.
Sensex (Daily)
Last Close - 17291.10 | Support - 17100, 16900 | Resistance - 17300, 17500
Trading Range - The Sensex opened at 17152.31, moved up to an intra-day high of 17361.47, declined to an intra-day low of 17152.31 and closed at 17291.10.
Review/Outlook - The Sensex has had a positive trading session, has had a strong opening, has appreciated after receiving buying support at higher levels, has come off from its intra - day low and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 17362 level while resistance at higher levels (17500) - would limit the upside. The outlook has turned bullish again while resistance comes in at the 17800+ level and support comes in at the 15350 level.
Deep Inds. (Daily)
Last Close - 125.40 | Support - 118, 102 | Resistance - 140, 175
Trading Range - The scrip opened at 125.40, moved up to an intra-day high of 125.40, declined to an intra-day low of 116.30 and closed at 125.40.
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.
Quintegra So. (Daily)
Last Close - 124.00 | Support - 123, 107 | Resistance - 150, 175
Trading Range - The scrip opened at 119.90, moved up to an intra-day high of 124.00, declined to an intra-day low of 118.00 and closed at 124.00.
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.
Innova Food. (Daily)
Last Close - 111.20 | Support - 093, 065 | Resistance - 124, 160
Trading Range - The scrip opened at 096.35, moved up to an intra-day high of 111.20, declined to an intra-day low of 093.30 and closed at 111.20.
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.
Kamla Dials. (Daily)
Last Close - 093.65 | Support - 090, 074 | Resistance - 102, 125
Trading Range - The scrip opened at 094.00, moved up to an intra-day high of 094.00, declined to an intra-day low of 087.10 and closed at 093.65.
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.
Daily Stock Track
Scrip | Support | Last Close | Resistance | Trend |
ACC | 1192, 1155 | 1194.90 | 1220, 1250 | Up |
DR. REDDY | 645, 610 | 649.00 | 669, 689 | Tu |
HUL | 216, 203 | 219.35 | 224, 240 | Up |
INFOSYS [Get Quote] | 1878, 1834 | 1896.75 | 1910, 1962 | Tu |
ITC | 180, 168 | 189.70 | 193, 213 | Up |
RIL [Get Quote] | 2274, 2200 | 2296.20 | 2309, 2364 | Up |
SATYAM [Get Quote] | 443, 425 | 443.50 | 471, 493 | Tu |
SBI [Get Quote] | 1950, 1900 | 1950.70 | 1975, 2000 | Up |
T MOTORS | 771, 749 | 778.15 | 811, 849 | Up |
TISCO [Get Quote] | 808, 762 | 850.35 | 875, 900 | Up |
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.
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