Wartsila, Tulip IT look good

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.

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.