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October 01, 2007 08:54 IST

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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