Hot stocks of the day

The market has remained in a negative state of mind, has come off its intra-day high and has finally ended the day in negative territory. Consumer Durables, Banks, Auto, Metals, FMCG, IT, PSU, Oil, Capital Goods & Healthcare have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a distinct decrease (read as turnover) while the undertone seemed panicky.

Sensex

Last Close - 12455.37 | Support - 12308, 12231 | Resistance - 12461, 12546

Trading Range - The Sensex opened at 12811.93, moved up to an intra-day high of 12811.93, declined to an intra-day low of 12425.52, and closed at 12455.37.

Review/Outlook - The Sensex has moved on expected lines to collapse with a downward gap to decline from open to close, has come off from its intra-day high and has finally ended the day deep in negative territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside below the 12425 level cannot be ruled out, significant support exists in the 12300-12340 range while it remains to be seen whether this level can provide the necessary cushion or not.

Simplex Concrete

Last Close - 344.30 | Support - 329, 286 | Resistance - 351, 398

Trading Range - The scrip opened at 355.00, moved up to an intra-day high of 355.00, declined to an intra-day low of 344.30 and closed at 344.30.

Review/Outlook - The scrip has reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Panorama Uni

Last Close - 111.75 | Support - 109, 076 | Resistance - 130, 158

Trading Range - The scrip opened at 113.95, moved up to an intra-day high of 113.95, declined to an intra-day low of 110.05 and closed at 111.75.

Review/Outlook - The scrip has reflected reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Alphageo Ind

Last Close - 223.55 | Support - 219, 197 | Resistance - 250, 275

Trading Range - The scrip opened at 229.70, moved up to an intra-day high of 232.50, declined to an intra-day low of 222.95 and closed at 223.55.

Review/Outlook - The scrip has reflected reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Kirloskar Bros

Last Close - 347.10 | Support - 310, 275 | Resistance - 353, 390

Trading Range - The scrip opened at 357.00, moved up to an intra-day high of 362.00, declined to an intra-day low of 341.55 and closed at 347.10.

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    

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.