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Rediff.com  » Business » Wartsila, Tulip IT look good

Wartsila, Tulip IT look good

Last updated on: January 11, 2007 08:45 IST

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, Oil, Consumer Durables, FMCG, Metals, PSU, Capital Goods, Healthcare, IT & Auto have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed weak.

Sensex

Last Close - 13362.16 | Support - 13296, 13135 | Resistance - 13390, 13461

Trading Range - The Sensex opened at 13569.57, moved up to an intra-day high of 13569.57, declined to an intra-day low of 13336.52 and closed at 13362.16.

Review/Outlook - The Sensex has reflected some amount of weakness by not being able to sustain at higher levels to remain under pressure all through except for the first few minutes 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 while an oversold situation on the intra-day charts could mean a delayed recovery of sorts but only above the 13384 level.    

Shyam Tele

Last Close - 108.20 | Support - 098, 072 | Resistance - 110, 134

Trading Range - The scrip opened at 105.00, moved up to an intra-day high of 108.20, declined to an intra-day low of 105.00 and closed at 108.20.

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. 

Ruby Mills

Last Close - 455.75 | Support - 440, 367 | Resistance - 475, 500

Trading Range - The scrip opened at 455.75, moved up to an intra-day high of 455.75, declined to an intra-day low of 441.00 and closed at 455.75.

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.

Wartsila Ind

Last Close - 384.00 | Support - 366, 330 | Resistance - 400, 444

Trading Range - The scrip opened at 360.00, moved up to an intra-day high of 384.00, declined to an intra-day low of 358.25 and closed at 384.00.

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.

Tulip IT

Last Close - 570.90 | Support - 537, 460 | Resistance - 600, 650

Trading Range - The scrip opened at 546.10, moved up to an intra-day high of 570.90, declined to an intra-day low of 538.80 and closed at 570.90.

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

994, 979

1019.65

1022, 1061

Td

DR. REDDY

757, 733

775.25

795, 840

Sd

HLL

203, 192

208.55

216, 224

Dt

INFOSYS

2133, 2061

2168.75

2208, 2270

Sd

ITC

155, 144

163.30

168, 180

Dt

RIL

1241, 1195

1273.30

1293, 1350

Sd

SATYAM

443, 430

464.35

475, 500

Td

SBI

1135, 1100

1136.90

1166, 1190

Td

T MOTORS

888, 849

907.95

920, 944

Sd

TISCO

452, 437

452.35

466, 480

Td

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.

 

Hemen Kapadia, Morpheus Inc