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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. Auto, Capital Goods, PSU, Metal, Oil, IT, Healthcare, Consumer Durables & Banks have ended positive in varying degrees while FMCG & Realty have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed mixed.
Sensex (Daily)
Last Close - 15790.51 | Support - 15734, 15330 | Resistance - 15956, 16308
Trading Range - The Sensex opened at 15512.70, moved up to an intra-day high of 15829.59, declined to an intra-day low of 15464.72 and closed at 15790.51.
Review/Outlook - The Sensex has had a mixed trading session, has had a neutral opening, has moved both ways, has faced buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on lower volume.
Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15800 level while significant resistance at higher levels (15956) - would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 14700 level.
Rdb Ind. (Daily)
Last Close - 142.70 | Support - 123, 096 | Resistance - 152, 183
Trading Range - The scrip opened at 143.30, moved up to an intra-day high of 143.30, declined to an intra-day low of 133.10 and closed at 142.70.
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.
Shyam Tele. (Daily)
Last Close - 088.30 | Support - 074, 059 | Resistance - 093, 118
Trading Range - The scrip opened at 087.00, moved up to an intra-day high of 091.90, declined to an intra-day low of 083.00 and closed at 088.30.
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.
Bihar Tubes [Get Quote]. (Daily)
Last Close - 131.25 | Support - 122, 096 | Resistance - 139, 168
Trading Range - The scrip opened at 127.20, moved up to an intra-day high of 132.00, declined to an intra-day low of 126.00 and closed at 131.25.
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.
Asian Oil. (Daily)
Last Close - 186.30 | Support - 148, 110 | Resistance - 188, 254
Trading Range - The scrip opened at 180.05, moved up to an intra-day high of 188.50, declined to an intra-day low of 180.05 and closed at 186.30.
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 | 778, 750 | 820.25 | 829, 856 | Tu |
DR. REDDY | 579, 530 | 583.75 | 610, 645 | Up |
HUL | 240, 224 | 244.45 | 252, 272 | Up |
INFOSYS [Get Quote] | 1457, 1425 | 1479.90 | 1510, 1667 | Tu |
ITC | 193, 180 | 207.35 | 213, 227 | Sd |
RIL [Get Quote] | 2309, 2274 | 2418.05 | 2426, 2539 | Tu |
SATYAM [Get Quote] | 425, 406 | 427.50 | 443, 475 | Up |
SBI [Get Quote] | 1624, 1539 | 1693.50 | 1760, 1802 | Tu |
T MOTORS | 600, 567 | 631.45 | 635, 670 | Sd |
T STEEL | 670, 642 | 678.90 | 695, 731 | Tu |
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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