The market has actually moved just one way, has come off its intra-day high and has finally ended the day in negative territory. Banks, Metals, Oil, PSU, Capital Goods, FMCG, Healthcare, IT & Auto have ended negative in varying degrees while Consumer Durables has ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed weak.
Sensex
Last Close - 13652.15 | Support - 13652, 13576 | Resistance - 13723, 13790
Trading Range - The Sensex opened at 13855.89, moved up to an intra-day high of 13855.89, declined to an intra-day low of 13599.87 and closed at 13652.15.
Review/Outlook - The Sensex has reflected some amount of weakness by moving down virtually from open to close and has also slice through near term support levels rather easily to come off sharply from its intra-day high to finally end in negative territory on distinctly lower 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 13599 level) while resistance comes in at the 13698 level.
Flex Ind
Last Close - 175.35 | Support - 175, 150 | Resistance - 200, 225
Trading Range - The scrip opened at 171.00, moved up to an intra-day high of 175.35, declined to an intra-day low of 169.70 and closed at 175.35.
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.
Ssi Ltd
Last Close - 203.55 | Support - 183, 169 | Resistance - 204, 248
Trading Range - The scrip opened at 195.10, moved up to an intra-day high of 203.55, declined to an intra-day low of 192.50 and closed at 203.55.
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.
Sagar Cement
Last Close - 146.45 | Support - 126, 091 | Resistance - 151, 175
Trading Range - The scrip opened at 141.05, moved up to an intra-day high of 146.45, declined to an intra-day low of 137.25 and closed at 146.45.
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.
Sahara India Mas. Com
Last Close - 465.30 | Support - 435, 376 | Resistance - 496, 562
Trading Range - The scrip opened at 444.00, moved up to an intra-day high of 465.40, declined to an intra-day low of 433.00 and closed at 465.30.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
1022, 979 |
1028.40 |
1061, 1110 |
Td |
|
DR. REDDY |
795, 757 |
811.00 |
840, 877 |
Tu |
|
HLL |
203, 192 |
210.00 |
216, 224 |
Dt |
|
INFOSYS |
2133, 2061 |
2205.95 |
2208, 2270 |
Sd |
|
ITC |
155, 144 |
162.85 |
168, 180 |
Dt |
|
RIL |
1241, 1195 |
1277.10 |
1293, 1350 |
Sd |
|
SATYAM |
475, 443 |
486.40 |
500, 538 |
Up |
|
SBI |
1190, 1166 |
1212.90 |
1250, 1300 |
Sd |
|
T MOTORS |
920, 888 |
927.65 |
944, 970 |
Up |
|
TISCO |
452, 437 |
463.75 |
466, 480 |
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.
