The market has remained in a weak state of mind, has come off its intra-day low and has finally ended the day in negative territory. Capital Goods, Consumer Durables, FMCG, Auto, Metals, PSU, Banks, Healthcare, Oil, Realty & IT 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 better.
Sensex (Daily)
Last Close - 16729.94 | Support - 16681, 16416 | Resistance - 16869, 17184
Trading Range - The Sensex opened at 16697.89, moved up to an intra-day high of 16884.09, declined to an intra-day low of 15332.42 and closed at 16729.94.
Review/Outlook - The Sensex has had a weak trading session, has had a negative opening, has moved just one way, has faced selling pressure even at lower levels, has come off from its intra - day high and has finally ended sharply in negative territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 16738 level while significant resistance at higher levels (17000) - would limit the upside. The outlook has turned negative again while resistance comes in at the 21200+ level and support comes in at the 16210 level.
C Bop. (Daily)
Last Close - 052.60 | Support - 049, 036 | Resistance - 056, 071
Trading Range - The scrip opened at 048.00, moved up to an intra-day high of 055.50, declined to an intra-day low of 042.15 and closed at 052.60.
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.
Spice Jet. (Daily)
Last Close - 071.15 | Support - 067, 044 | Resistance - 073, 092
Trading Range - The scrip opened at 068.65, moved up to an intra-day high of 080.90, declined to an intra-day low of 044.00 and closed at 071.15.
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.
Diamond Cables. (Daily)
Last Close - 471.75 | Support - 469, 400 | Resistance - 499, 555
Trading Range - The scrip opened at 405.50, moved up to an intra-day high of 499.50, declined to an intra-day low of 405.35 and closed at 471.75.
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.
Milkfood. (Daily)
Last Close - 359.20 | Support - 348, 321 | Resistance - 382, 409
Trading Range - The scrip opened at 355.00, moved up to an intra-day high of 361.40, declined to an intra-day low of 350.00 and closed at 359.20.
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.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
697, 625 |
722.55 |
724, 750 |
Os |
|
DR. REDDY |
579, 549 |
596.50 |
610, 645 |
Os |
|
HUL |
183, 172 |
186.25 |
192, 203 |
Os |
|
INFOSYS |
1325, 1273 |
1377.55 |
1385, 1425 |
Dt |
|
ITC |
180, 168 |
183.95 |
193, 213 |
Os |
|
RIL |
2309, 2274 |
2358.05 |
2364, 2426 |
Os |
|
SATYAM |
338, 305 |
354.65 |
366, 385 |
Dt |
|
SBI |
2050, 1905 |
2159.10 |
2180, 2279 |
Dt |
|
T MOTORS |
635, 600 |
658.25 |
670, 698 |
Os |
|
T STEEL |
670, 646 |
671.05 |
695, 731 |
Os |
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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