The market has staged a superb rally to once again finish on an extremely strong footing in positive territory. Banks, consumer durables, FMCG, IT, pharma, PSUs and capital goods all ended quite positive in varying degrees.
Volume registered a mild decrease (read as turnover) while the undertone was euphoric.
Sensex -- Last Close -- 4369.17 -- Support -- 4328, 4166 -- Resistance -- 4409, 4554
Trading Range -- The Sensex opened at 4314.68, moved up to an intra-day high of 4371.98, declined to an intra-day low of 4314.68 and closed at 4369.17.
Review/Outlook -- The Sensex has once again reflected strength by posting a new high (a 29 month high) to end in positive territory while the intermediate uptrend is intact and continues to forge ahead relentlessly.
Ranbaxy Labs -- Last Close -- 1034.80 -- Support -- 1000, 925 -- Resistance -- 1050, 1200
Trading Range -- The scrip opened at 1015.60, moved up to an intra-day high of 1047.00, declined to an intra-day low of 1010.00 and closed at 1034.80.
Review/Outlook -- The scrip has reflected strength by giving an upward "key" reversal (bullish intra-day pattern) and with the indicators looking up, a further upside seems to be on the cards.
GlaxoSmithKline Consumer -- Last Close -- 307.15 -- Support -- 306, 250 -- Resistance -- 340, 362
Trading Range -- The scrip opened at 303.00, moved up to an intra-day high of 311.00, declined to an intra-day low of 303.00 and closed at 307.15.
Review/Outlook -- The scrip is in the midst of an intermediate uptrend and with the oscillators signalling a buy, a further upside cannot be ruled out.
Siemens -- Last Close -- 446.45 -- Support -- 445, 397 -- Resistance -- 500, 581
Trading Range -- The scrip opened at 441.00, moved up to an intra-day high of 449.90, declined to an intra-day low of 439.00 and closed at 446.45.
Review/Outlook -- The scrip has reflected strength by posting a 43-month high and with the oscillators looking positive, further appreciation seems to be on the cards.
Digital -- Last Close -- 552.05 -- Support -- 536, 494 -- Resistance -- 575, 629
Trading Range -- The scrip opened at 538.00, moved up to an intra-day high of 560.00, declined to an intra-day low of 533.00 and closed at 552.05.
Review/Outlook -- The scrip has reflected strength by posting a 14-month high and with the indicators looking strong, a further upside seems to be on the cards.
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