The market hasn't been able to sustain itself at higher levels despite early gains and has ended the day clearly in negative territory. Capital Goods, FMCG, Metals, Pharma, Oil and PSU's have ended positive in varying degrees while Banks, Consumer Durables, IT and the Auto sector have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed subdued.
Sensex (Daily)
Last Close - 10905 | Support - 10884, 10740 | Resistance - 11000, 11100
Trading Range - The Sensex opened at 10946, moved up to an intra-day high of 11017, declined to an intra-day low of 10864 and closed at 10905.
Review/Outlook - The Sensex has once again created history to post a fresh all time high but has come off quite a bit from an intra-day point of view to end in negative territory by giving a downward key reversal on higher volume thereby indicating the possibility of an intra-day downside especially below the 10864 level.
Shiva Texyarn. (Daily)
Last Close - 047.15 | Support - 047, 035 | Resistance - 051, 067
Trading Range - The scrip opened at 045.00, moved up to an intra-day high of 047.15, declined to an intra-day low of 044.25 and closed at 047.15.
Review/Outlook - The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards.
Goldiam Int. (Daily)
Last Close - 151.20 | Support - 139, 126 | Resistance - 171, 199
Trading Range - The scrip opened at 151.20, moved up to an intra-day high of 151.20, declined to an intra-day low of 148.80 and closed at 151.20.
Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Manugraph Ind. (Daily)
Last Close - 261.90 | Support - 244, 200 | Resistance - 300, 350
Trading Range - The scrip opened at 253.70, moved up to an intra-day high of 261.90, declined to an intra-day low of 251.00 and closed at 261.90.
Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Era Construct. (Daily)
Last Close - 294.55 | Support - 282, 274 | Resistance - 303, 350
Trading Range - The scrip opened at 294.00, moved up to an intra-day high of 294.55, declined to an intra-day low of 290.00 and closed at 294.55.
Review/Outlook - The scrip has reflected strength by moving up virtually from open to close 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 |
750, 724 |
756.50 |
800, 850 |
Sd |
|
DR. REDDY |
1342, 1282 |
1358.60 |
1400, 1466 |
Tu |
|
HLL |
240, 224 |
251.35 |
252, 266 |
Sd |
|
INFOSYS |
2938, 2813 |
2946.95 |
3074, 3453 |
Tu |
|
ITC |
170, 155 |
178.00 |
190, 210 |
Up |
|
RIL |
775, 750 |
780.30 |
800, 850 |
Up |
|
SATYAM |
770, 752 |
807.55 |
810, 900 |
Sd |
|
SBI |
950, 926 |
968.65 |
1000, 1050 |
Up |
|
T MOTORS |
900, 850 |
906.30 |
950, 999 |
Sd |
|
TISCO |
466, 452 |
468.00 |
500, 550 |
Td |
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 be having positions in the stocks mentioned above.
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