The market has found life difficult at higher levels and its early gains have been erased to end in negative territory.
Banks, pharma, FMCG, consumer durables, PSUs and capital goods all ended negative in varying degrees, while IT was the sole spoilsport.
Volume registered a decrease (read as turnover) while the undertone was subdued.
Sensex -- Last Close -- 4235.35 -- Support -- 4166, 4028 -- Resistance -- 4328, 4409
Trading Range -- The Sensex opened at 4299.37, moved up to an intra-day high of 4330.85, declined to an intra-day low of 4222.60 and closed at 4235.35.
Review/Outlook -- The Sensex has reflected weakness by forming a downward "key" reversal (bearish intra-day pattern) while the weak closing would seem to suggest further downside on Wendesday.
Bata -- Last Close -- 048.75 -- Support -- 048, 037 -- Resistance -- 057, 075
Trading Range -- The scrip opened at 046.00, moved up to an intra-day high of 049.75, declined to an intra-day low of 046.00 and closed at 048.75.
Review/Outlook -- The scrip seems to have given an upward breakout from a consolidation pattern and with the indicators looking positive, a further upside seems to be on the cards.
ACC -- Last Close -- 189.90 -- Support -- 188, 175 -- Resistance -- 203, 219
Trading Range -- The scrip opened at 201.30, moved up to an intra-day high of 202.90, declined to an intra-day low of 188.00 and closed at 189.90.
Review/Outlook -- The scrip has reflected weakness by giving a downward "key" reversal (bearish intra-day pattern) and with the indicators looking weak, a further downside seems to be on the cards.
Century -- Last Close -- 104.45 -- Support -- 097, 080 -- Resistance -- 114, 131
Trading Range -- The scrip opened at 109.40, moved up to an intra-day high of 111.65, declined to an intra-day low of 104.00 and closed at 104.45.
Review/Outlook -- The scrip has reflected weakness by giving a downward "key" reversal (bearish intra-day pattern) and with the indicators looking weak, a further downside seems to be on the cards.
Videocon International -- Last Close -- 063.05 -- Support -- 058, 040 -- Resistance -- 075, 105
Trading Range -- The scrip opened at 065.45, moved up to an intra-day high of 068.00, declined to an intra-day low of 062.75 and closed at 063.05.
Review/Outlook -- The scrip has reflected weakness by giving a downward 'key' reversal (bearish intra-day pattern) and with the indicators looking weak, a further downside seems to be on the cards.
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