The market has had a volatile trading session to appreciate with an upward gap and has finally ended the day clearly in positive territory. FMCG, Capital Goods, IT, Metal, PSU, Auto, Oil, Banks & Pharma have ended positive in varying degrees while Consumer Durables has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed positive.
Sensex (Daily)
Last Close - 11448.31 | Support - 11356, 11286 | Resistance - 11453, 11536
Trading Range - The Sensex opened at 11384.05, moved up to an intra-day high of 11507.92, declined to an intra-day low of 11384.05 and closed at 11448.31.
Review/Outlook - The Sensex has faced alternate bouts of both, buying & selling and has come off its intra-day low to end smartly in positive territory on noticeably higher volume and has managed to close above the 11000 level for the sixth trading session in a row. The outlook seems to be improving and despite the extreme volatility, a range bound movement cannot be ruled out while the intra-day charts seem rather hazy while an upside could come in only above the 11508 level while the sanctity of the 11330 level needs to be maintained at all times.
Jagatjit Ind. (Daily)
Last Close - 067.30 | Support - 065, 052 | Resistance - 078, 085
Trading Range - The scrip opened at 061.10, moved up to an intra-day high of 067.30, declined to an intra-day low of 061.10 and closed at 067.30.
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.
Rel. Ind. Infra. (Daily)
Last Close - 509.35 | Support - 484, 415 | Resistance - 525, 550
Trading Range - The scrip opened at 467.00, moved up to an intra-day high of 509.35, declined to an intra-day low of 467.00 and closed at 509.35.
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.
Ansal Hsg. (Daily)
Last Close - 220.10 | Support - 201, 142 | Resistance - 251, 304
Trading Range - The scrip opened at 209.40, moved up to an intra-day high of 220.10, declined to an intra-day low of 208.00 and closed at 220.10.
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.
Sutlej Ind. (Daily)
Last Close - 124.15 | Support - 116, 094 | Resistance - 166, 236
Trading Range - The scrip opened at 119.00, moved up to an intra-day high of 124.15, declined to an intra-day low of 118.00 and closed at 124.15.
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 |
856, 829 |
884.95 |
892, 924 |
Tu |
|
DR. REDDY |
1400, 1342 |
1451.20 |
1466, 1514 |
Tu |
|
HLL |
224, 216 |
230.45 |
240, 252 |
Sd |
|
INFOSYS |
1721, 1661 |
1752.35 |
1800, 1900 |
UP |
|
ITC |
180, 168 |
180.75 |
190, 210 |
Up |
|
RIL |
1041, 1001 |
1045.00 |
1083, 1109 |
Tu |
|
SATYAM |
770, 752 |
785.80 |
810, 830 |
Tu |
|
SBI |
871, 850 |
887.10 |
900, 926 |
Up |
|
T MOTORS |
771, 749 |
816.35 |
811, 849 |
Up |
|
TISCO |
530, 500 |
533.15 |
550, 570 |
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 even be having contrary positions in the stocks mentioned above.
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