Volatility can be the order of the day

The market has actually moved in both directions, has come off its intra-day low and has finally ended the day in positive territory. Banks, IT, PSU, Capital Goods, Auto, Consumer Durables, Healthcare & Metals have ended positive in varying degrees while FMCG & Oil have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed mixed.

Sensex

Last Close - 14014.92 | Support - 13931, 13857 | Resistance - 14035, 14100

Trading Range - The Sensex opened at 13969.45, moved up to an intra-day high of 14035.67, declined to an intra-day low of 13897.42 and closed at 14014.92.

Review/Outlook - The Sensex has reflected significant amount of strength by coming off sharply from its intra-day low by appreciating smartly after moving both ways to finally end clearly in positive territory on distinctly higher volume. Volatility can be the order of the day, the positives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day upside (especially above the 14036 level) while support comes in at the 13974 level.                        

Flex Ind

Last Close - 151.50 | Support - 150, 120 | Resistance - 175, 200

Trading Range - The scrip opened at 151.50, moved up to an intra-day high of 151.50, declined to an intra-day low of 147.20 and closed at 151.50.

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. 

Simplex Real

Last Close - 220.25 | Support - 193, 160 | Resistance - 224, 260

Trading Range - The scrip opened at 215.00, moved up to an intra-day high of 220.25, declined to an intra-day low of 215.00 and closed at 220.25.

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.

Krbl

Last Close - 163.00 | Support - 162, 128 | Resistance - 205, 244

Trading Range - The scrip opened at 161.00, moved up to an intra-day high of 168.00, declined to an intra-day low of 155.95 and closed at 163.00.

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.

Aegis Logistics

Last Close - 166.00 | Support - 155, 133 | Resistance - 183, 230

Trading Range - The scrip opened at 152.45, moved up to an intra-day high of 166.00, declined to an intra-day low of 152.00 and closed at 166.00.

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.

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.