The market has continued to forge ahead and has once again ended in positive territory. Cement, FMCG, pharma, IT gained ground. Banks, capital goods, consumer durables, and PSUs were all under pressure of varying degrees to end weak.
Volume was even higher (read as turnover) while the undertone was solid.
Sensex -- Last Close: 3552.40 | Support: 3545, 3467 | Resistance: 3651, 3759
Trading Range -- The Sensex opened at 3528.28, moved up to an intra-day high of 3564.68, declined to an intra-day low of 3522.05 and closed at 3552.40.
Review/Outlook -- The Sensex has reflected strength by posting a 15 month high while its uptrend continues and a further upside cannot be ruled out.
Adani Exports -- Last Close: 190.35 | Support: 184, 171 | Resistance: 195, 223
Trading Range -- The scrip opened at 181.00, moved up to an intra-day high of 196.90, declined to an intra-day low of 180.10 and closed at 190.35.
Review/Outlook -- The scrip has given an upward "bar" reversal (bullish intra-day pattern) and with the oscillators looking strong, a further upside seems possible.
Aurobindo Pharma -- Last Close: 347.95 | Support: 317, 297 | Resistance: 350, 395
Trading Range -- The scrip opened at 340.70, moved up to an intra-day high of 355.00, declined to an intra-day low of 340.70 and closed at 347.95.
Review/Outlook -- The scrip has given an upward breakout from a consolidation pattern and with the oscillators signalling a buy, a further upside cannot be ruled out.
Hero Honda -- Last Close: 250.75 | Support: 235, 217 | Resistance: 254, 272
Trading Range -- The scrip opened at 246.00, moved up to an intra-day high of 253.00, declined to an intra-day low of 242.00 and closed at 250.75.
Review/Outlook -- The scrip has given an upward "bar" reversal (bullish intra-day pattern) and with the oscillators looking positive, further appreciation seems to be on the cards.
Max India -- Last Close: 83.85 | Support: 80, 66 | Resistance: 92, 109
Trading Range -- The scrip opened at 82.40, moved up to an intra-day high of 85.00, declined to an intra-day low of 82.25 and closed at 83.85.
Review/Outlook -- The scrip has bounced back smartly after taking support on the 10 day average and with the indicators looking firm, a further upside seems to be on the cards.
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