The market has had a volatile trading session to swing both ways and has finally ended the day sharply in positive territory. Banks, Capital Goods, Consumer Durables, Auto, Pharma and PSU's have ended negative in varying degrees while FMCG, IT, Metals and Oil has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed better.
Sensex (Daily)
Last Close - 10151.01 | Support - 10020, 09946 | Resistance - 10192, 10305
Trading Range - The Sensex opened at 10058.29, moved up to an intra-day high of 10224.26, declined to an intra-day low of 09901.58 and closed at 10151.01.
Review/Outlook - The Sensex has reflected a rather surprising amount of tenacity to rebound after testing the 9900 level and has recovered to close sharply in positive territory by giving an upward key reversal on lower volume. The outlook remains hazy and despite the extreme volatility, a range bound movement cannot be ruled out while an intra-day upside could come in only above the 10225 level while intra-day resistance comes in at the 10556 level in the form of the 55 Day EMA.
RPG LS. (Daily)
Last Close - 118.90 | Support - 115, 087 | Resistance - 135, 153
Trading Range - The scrip opened at 110.85, moved up to an intra-day high of 118.90, declined to an intra-day low of 107.60 and closed at 118.90.
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.
Praj Ind. (Daily)
Last Close - 163.85 | Support - 151, 120 | Resistance - 170, 200
Trading Range - The scrip opened at 155.00, moved up to an intra-day high of 163.85, declined to an intra-day low of 149.00 and closed at 163.85.
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.
GM Brew. (Daily)
Last Close - 119.80 | Support - 108, 091 | Resistance - 139, 167
Trading Range - The scrip opened at 116.00, moved up to an intra-day high of 119.80, declined to an intra-day low of 109.15 and closed at 119.80.
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.
Sharyan Resort. (Daily)
Last Close - 192.45 | Support - 169, 142 | Resistance - 197, 228
Trading Range - The scrip opened at 192.40, moved up to an intra-day high of 193.65, declined to an intra-day low of 176.00 and closed at 192.45.
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.Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
750, 724 |
753.85 |
793, 829 |
Sd |
|
DR. REDDY |
1282, 1225 |
1300.70 |
1342, 1400 |
Tu |
|
HLL |
216, 203 |
220.20 |
224, 240 |
Tu |
|
INFOSYS |
2938, 2813 |
2955.85 |
3074, 3155 |
Tu |
|
ITC |
168, 155 |
176.20 |
180, 190 |
Tu |
|
RIL |
949, 925 |
985.55 |
1001, 1041 |
Tu |
|
SATYAM |
678, 645 |
688.00 |
705, 730 |
Tu |
|
SBI |
725, 695 |
730.25 |
784, 809 |
Sd |
|
T MOTORS |
722, 698 |
745.25 |
749, 771 |
Tu |
|
TISCO |
500, 480 |
518.60 |
550, 593 |
Tu |
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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