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September 14, 2007 09:35 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. Banks, capital goods, healthcare, IT, PSU, tech, consumer durables, auto, oil, realty and metals have ended positive in varying degrees while the FMCG sector has ended in negative territory. Volume registered a marginal decrease (read as turnover) while the undertone seemed bullish.

Sensex (Daily)
Last Close - 15614.44 | Support - 15440, 15341| Resistance - 15773, 15812

Trading Range - The Sensex opened at 15547.66, moved up to an intra-day high of 15650.14, declined to an intra-day low of 15547.66 and closed at 15614.44. 

Review/Outlook - The Sensex has had a mixed trading session, has had a strong opening, has appreciated after receiving buying support even at higher levels, has come off from its intra - day low and has finally ended in positive territory on mildly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 15650 level while resistance at higher levels (15800) � would limit the upside. The outlook has turned bullish again while resistance comes in at the 16400+ level and support comes in at the 14005 level. 

Birla Kenna. (Daily)

Last Close - 346.36 | Support - 345, 295 | Resistance - 396, 415

Trading Range - The scrip opened at 346.35, moved up to an intra-day high of 346.35, declined to an intra-day low of 332.10 and closed at 346.35.

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 - 113.00 | Support - 107, 088 | Resistance - 123, 150

Trading Range - The scrip opened at 103.10, moved up to an intra-day high of 113.00, declined to an intra-day low of 103.10 and closed at 113.00.

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.  

Kaveri Tele.  (Daily)

Last Close - 139.65 | Support - 135, 112 | Resistance - 152, 177

Trading Range - The scrip opened at 137.90, moved up to an intra-day high of 139.65, declined to an intra-day low of 131.60 and closed at 139.65.

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.     

Zenotech Lab. (Daily)

Last Close - 166.85 | Support - 154, 129 | Resistance - 180, 210

Trading Range - The scrip opened at 146.50, moved up to an intra-day high of 166.85, declined to an intra-day low of 146.50 and closed at 166.85.

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

1099, 1075

1128.80

1155, 1192

Up

DR. REDDY

610, 579

641.55

645, 669

Sd

HUL

203, 192

215.00

216, 224

Up

INFOSYS [Get Quote]

1834, 1785

1834.10

1878, 1910

Sd

ITC

168, 155

179.05

180, 193

Up

RIL [Get Quote]

2000, 1948

2026.50

2050, 2100

Up

SATYAM [Get Quote]

425, 406

434.15

443, 471

Sd

SBI [Get Quote]

1652, 1608

1675.85

1676, 1726

Up

T MOTORS

670, 635

694.60

698, 722

Sd

TISCO [Get Quote]

695, 670

706.60

731, 750

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 even be having contrary positions in the stocks mentioned above.  


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