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February 28, 2006 08:52 IST
The market has recovered smartly from its intra-day lows to and has ended the day clearly in positive territory. Banks, capital goods, FMCG, IT, auto, metals and PSU's have ended positive in varying degrees while consumer durables, Pharma and the Oil sector have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed positive.

Sensex (Daily)         

Last Close - 10282; Support - 10192, 10100; Resistance -10300, 10400

Trading Range: The Sensex opened at 10215, moved up to an intra-day high of 10296, declined to an intra-day low of 10109 and closed at 10282.

Review/Outlook: The Sensex has staged a smart recovery from lower levels to post an upward bar reversal on the daily chart but on lower volume and has also given an all time high closing. The outlook seems positive but with a huge event like the budget in the background, caution is advised due to the anticipated volatility while intra-day support comes in at the 10256 level.                

Jain Irrigation (Daily)         

Last Close - 235.40; Support  - 233, 215; Resistance - 250, 299

Trading Range:  The scrip opened at 223.85, moved up to an intra-day high of 238.00, declined to an intra-day low of 223.80 and closed at 235.40.

Review/Outlook:  The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards. 

Ansal Infra. (Daily)      

Last Close - 520.15; Support - 500, 455; Resistance - 568, 620

Trading Range: The scrip opened at 483.50, moved up to an intra-day high of 520.15, declined to an intra-day low of 481.00 and closed at 520.15.

Review/Outlook: The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Krone Comm. (Daily)

Last Close - 209.45; Support - 199, 176; Resistance - 218, 242

Trading Range: The scrip opened at 204.15, moved up to an intra-day high of 209.45, declined to an intra-day low of 190.00 and closed at 209.45.

Review/Outlook:  The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards. 

Integra Hind. (Daily)

Last Close - 317.80; Support - 296, 275; Resistance- 321, 359 

Trading Range: The scrip opened at 317.00, moved up to an intra-day high of 317.80, declined to an intra-day low of 311.00 and closed at 317.80.

Review/Outlook: The scrip has reflected strength by moving up virtually from open to close 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

569, 542

596.45

610, 639

Sd

DR. REDDY

1282, 1225

1315.75

1342, 1400

Up

HLL [Get Quote]

224, 216

238.40

240, 252

Up

INFOSYS [Get Quote]

2813, 2769

2849.75

2938, 3075

Sd

ITC

155, 144

166.05

170, 190

Up

RIL [Get Quote]

700, 675

700.10

725, 750

Sd

SATYAM [Get Quote]

770, 752

781.90

810, 900

Up

SBI [Get Quote]

871, 850

891.05

900, 926

Tu

T MOTORS

750, 700

786.10

800, 850

Sd

TISCO [Get Quote]

411, 390

421.65

425, 452

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.

DISCLAIMER : While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.

Sebi Disclosure: The author is an active market participant and could be having positions in the stocks mentioned above.  


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