The market has given a smart rally to end sharply in positive territory. With the exception of IT (which witnessed profit-taking), there was all round buying as mainline stocks stole the show.
Volume too was caught in an upward spiral while the undertone was firm.
Sensex -- Last Close: 3164.25 | Support: 3110, 3007 | Resistance: 3210, 3320
Trading Range -- The Sensex opened at 3116.85, moved up to an intra-day high of 3171.80, declined to an intra-day low of 3116.85 and closed at 3164.25.
Review/Outlook -- The Sensex has forged ahead on higher volume and while further upside seems to on the cards, caution is advised at the 3200 plus levels.
Bajaj Auto -- Last Close: 505.05 | Support: 504, 472 | Resistance: 545, 590
Trading Range -- The scrip opened at 501.00, moved up to an intra-day high of 508.00, declined to an intra-day low of 497.10 and closed at 505.05.
Review/Outlook -- The scrip has once again ended in positive territory to continue its ascent and with the oscillators looking firm, a further upside seems possible.
Dr Reddy's Lab -- Last Close: 865.05 | Support: 849, 815 | Resistance: 880, 919
Trading Range -- The scrip opened at 835.00, moved up to an intra-day high of 871.00, declined to an intra-day low of 835.00 and closed at 865.00.
Review/Outlook -- The scrip has given a scintillating rally and with the oscillators just signalling a buy, a further upside cannot be ruled out.
HLL -- Last Close: 157.20 | Support: 155, 141 | Resistance: 163, 172
Trading Range -- The scrip opened at 155.10, moved up to an intra-day high of 158.00, declined to an intra-day low of 154.50 and closed at 157.20.
Review/Outlook -- The scrip is in an intermediate uptrend and with the oscillators looking positive, further appreciation seems to be on the cards.
SBI -- Last Close: 357.20 | Support: 333, 314 | Resistance: 358, 380
Trading Range -- The scrip opened at 348.45, moved up to an intra-day high of 361.85, declined to an intra-day low of 344.10 and closed at 357.20.
Review/Outlook -- The scrip has shown signs of resumption of its uptrend after a small correction, while a further upside seems to be on the cards.
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