Kamanwala, Prakash Ind look good

The market has remained in a positive state of mind, has come off its intra--day low and has finally ended the day in positive territory.

Capital goods, banks, auto, consumer durables, healthcare, IT, metals, realty, tech, FMCG, oil & PSUs 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 better.

Sensex (Daily)

Last Close -- 19247.54; Support -- 18833, 18327; Resistance -- 19276, 19621

Trading Range: The Sensex opened at 19171.25, moved up to an intra--day high of 19360.23, declined to an intra--day low of 19137.66 and closed at 19247.54.

Review/Outlook: The Sensex has had an upbeat trading session, has had a strong opening, has moved just one way, has received buying support even at higher levels, has come off from its intra -- day low and has finally ended in positive territory on slightly higher volume. Volatility can be the order of the day; an intra--day downside (seems like a distinct possibility) could come in below the 19137 level while support at lower levels (18600) -- would limit the downside. The outlook has turned bullish again while resistance comes in at the 21200+ level and support comes in at the 18833 level.

Kamanwala Hous. (Daily)

Last Close -- 177.80; Support -- 175, 150; Resistance -- 200, 250

Trading Range: The scrip opened at 174.55, moved up to an intra--day high of 177.80, declined to an intra--day low of 174.55 and closed at 177.80.

Review/Outlook: The scrip has reflected strength by appreciating from its intra--day low and with the indicators looking positive, a further upside seems to be on the cards.

Prakash Ind. (Daily)

Last Close -- 197.40; Support -- 188, 149; Resistance -- 208, 239

Trading Range: The scrip opened at 194.70, moved up to an intra--day high of 197.40, declined to an intra--day low of 191.90 and closed at 197.40.

Review/Outlook: The scrip has reflected strength by appreciating from its intra--day low and with the indicators looking positive, a further upside seems to be on the cards.

Khoday India. (Daily)

Last Close -- 298.20; Support -- 278, 227; Resistance -- 320, 353

Trading Range: The scrip opened at 289.45, moved up to an intra--day high of 298.20, declined to an intra--day low of 282.10 and closed at 298.20.

Review/Outlook: The scrip has reflected strength by appreciating from its intra--day low and with the indicators looking positive, a further upside seems to be on the cards.

Shivvani Oil. (Daily)

Last Close -- 456.60; Support -- 429, 390; Resistance -- 467, 500

Trading Range: The scrip opened at 455.00, moved up to an intra--day high of 477.00, declined to an intra--day low of 450.00 and closed at 456.60.

Review/Outlook: The scrip has reflected strength by appreciating 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.

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Sebi Disclosure: The author is an active market participant and could not only be having positions but could even be having contrary positions in the stocks mentioned above.