Sensex
Last Close -- 13024.26; Support -- 13000, 12925; Resistance -- 13100, 13200
Trading Range: The Sensex opened at 12925.43, moved up to an intra-day high of 13039.30, declined to an intra-day low of 12844.85 and closed at 13024.26.
Review/Outlook: The Sensex has reflected noticeable amount of strength by opening with an upward gap, has moved up smartly after some initial weakness and has ended sharply in positive territory on distinctly lower volume. A range bound movement seems to be on the cards while an intra-day upside cannot be ruled out especially above the 13039 level while intra-day support comes in at the 12990 level indicating a rather limited downside.
Ansal Infra.
Last Close -- 842.00; Support -- 800, 750; Resistance -- 850, 900
Trading Range: The scrip opened at 827.60, moved up to an intra-day high of 842.00, declined to an intra-day low of 825.00 and closed at 842.00.
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.
Areva TD.
Last Close -- 810.00 Support -- 779, 682; Resistance -- 886, 950;
Trading Range: The scrip opened at 782.00, moved up to an intra-day high of 810.00, declined to an intra-day low of 775.00 and closed at 810.00.
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.
Godrej Ind.
Last Close -- 151.30; Support -- 145, 120; Resistance -- 175, 200
Trading Range: The scrip opened at 151.30, moved up to an intra-day high of 151.30, declined to an intra-day low of 147.00 and closed at 157.30.
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.
Lumax Ind.
Last Close -- 400.70; Support -- 400, 350; Resistance -- 450, 500
Trading Range: The scrip opened at 389.40, moved up to an intra-day high of 400.70, declined to an intra-day low of 380.00 and closed at 400.70.
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 |
979, 924 |
979.70 |
1022, 1061 |
Sd |
DR. REDDY |
733, 700 |
751.40 |
757, 795 |
Tu |
HLL |
224, 216 |
228.75 |
240, 252 |
Os |
INFOSYS |
2100, 2000 |
2124.05 |
2200, 2300 |
Tu |
ITC |
180, 168 |
187.50 |
190, 210 |
Sd |
RIL |
1195, 1171 |
1232.75 |
1250, 1300 |
Up |
SATYAM |
430, 415 |
430.35 |
443, 475 |
Tu |
SBI |
1050, 1000 |
1094.70 |
1100, 1190 |
Tu |
T MOTORS |
841, 811 |
852.10 |
888, 944 |
Tu |
TISCO |
480, 466 |
498.35 |
500, 530 |
Sd |
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.