The market has actually moved both ways, has come off its intra-day low and has finally ended the day in positive territory. Banks, Oil, Consumer Durables, FMCG, Metals, PSU, Capital Goods, Healthcare, IT & Auto have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed upbeat.
Sensex
Last Close - 13630.71 | Support - 13576, 13461 | Resistance - 13652, 13723
Trading Range - The Sensex opened at 13331.38, moved up to an intra-day high of 13667.80, declined to an intra-day low of 13303.22 and closed at 13630.71.
Review/Outlook - The Sensex has reflected some amount of strength by staging a smart comeback despite a rather choppy trading session with movement on both sides to come off sharply from its intra-day low to finally end 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 a further intra-day upside especially above the 13668 level while support comes in at the 13603 level.
Shyam Tele
Last Close - 113.60 | Support - 110, 072 | Resistance - 134, 152
Trading Range - The scrip opened at 113.60, moved up to an intra-day high of 113.60, declined to an intra-day low of 111.90 and closed at 113.60.
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 - 599.40 | Support - 537, 460 | Resistance - 600, 650
Trading Range - The scrip opened at 579.35, moved up to an intra-day high of 599.40, declined to an intra-day low of 563.15 and closed at 599.40.
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.
GTC Ind
Last Close - 239.60 | Support - 223, 195 | Resistance - 249, 308
Trading Range - The scrip opened at 220.00, moved up to an intra-day high of 239.60, declined to an intra-day low of 218.50 and closed at 239.60.
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.
Zuari Ind
Last Close - 227.35 | Support - 215, 179 | Resistance - 272, 315
Trading Range - The scrip opened at 205.00, moved up to an intra-day high of 227.35, declined to an intra-day low of 205.00 and closed at 227.35.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
1022, 994 |
1049.75 |
1061, 1110 |
Td |
|
DR. REDDY |
757, 733 |
791.50 |
795, 840 |
Sd |
|
HLL |
216, 203 |
218.00 |
224, 240 |
Os |
|
INFOSYS |
2133, 2061 |
2183.00 |
2208, 2270 |
Sd |
|
ITC |
168, 155 |
168.85 |
180, 190 |
Os |
|
RIL |
1293, 1241 |
1295.15 |
1350, 1400 |
Sd |
|
SATYAM |
475, 443 |
480.30 |
500, 538 |
Td |
|
SBI |
1135, 1100 |
1150.00 |
1166, 1190 |
Td |
|
T MOTORS |
888, 849 |
917.90 |
920, 944 |
Sd |
|
TISCO |
452, 437 |
461.60 |
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.
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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.
Chat with market expert Pranav Sanghavi at noon on January 12
