The market has actually moved in either direction, has come off its intra-day high and has finally ended the day in negative territory. Capital Goods, IT, PSU, Consumer Durables, Healthcare, Metals & Oil have ended negative in varying degrees while Banks, FMCG & Auto sector have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed mixed.
Sensex
Last Close - 13846.34 | Support - 13790, 13723 | Resistance - 13857, 13931
Trading Range - The Sensex opened at 13893.29, moved up to an intra-day high of 13960.39, declined to an intra-day low of 13819.77 and closed at 13846.34.
Review/Outlook - The Sensex has finally reflected some amount of weakness by coming off a bit from its intra-day high by moving both ways to finally end mildly in negative territory on noticeably higher volume. Volatility can be the order of the day, the negatives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day downside (especially below the 13819 level) while support comes in at the 13742 level.
Renuka Sugar
Last Close - 435.50 | Support - 420, 382 | Resistance - 465, 532
Trading Range - The scrip opened at 400.00, moved up to an intra-day high of 435.50, declined to an intra-day low of 391.05 and closed at 435.50.
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.
Pioneer Embroid
Last Close - 254.50 | Support - 242, 224 | Resistance - 275, 300
Trading Range - The scrip opened at 246.00, moved up to an intra-day high of 254.50, declined to an intra-day low of 240.55 and closed at 254.50.
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.
Nagreeka Exp
Last Close - 132.05 | Support - 128, 099 | Resistance - 148, 175
Trading Range - The scrip opened at 116.40, moved up to an intra-day high of 132.05, declined to an intra-day low of 116.40 and closed at 132.05.
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.
Ashiana Hous
Last Close - 231.50 | Support - 214, 189 | Resistance - 238, 265
Trading Range - The scrip opened at 231.50, moved up to an intra-day high of 231.50, declined to an intra-day low of 220.00 and closed at 231.50.
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
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
1061, 1022 |
1073.85 |
1110, 1155 |
Sd |
|
DR. REDDY |
795, 757 |
799.55 |
840, 877 |
Sd |
|
HLL |
216, 203 |
220.30 |
224, 240 |
Td |
|
INFOSYS |
2133, 2061 |
2247.60 |
2270, 2400 |
Tu |
|
ITC |
168, 155 |
177.65 |
180, 190 |
Sd |
|
RIL |
1241, 1195 |
1276.65 |
1293, 1350 |
Tu |
|
SATYAM |
475, 443 |
489.45 |
500, 538 |
Tu |
|
SBI |
1190, 1100 |
1236.05 |
1250, 1300 |
Sd |
|
T MOTORS |
888, 849 |
905.35 |
920, 944 |
Tu |
|
TISCO |
466, 452 |
476.50 |
480, 500 |
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.
DISCLAIMER : While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.
Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.
Chat with market expert Pranav Sanghavi every Tuesday
