The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in negative territory.
Auto, Capital Goods, PSU, Metal, FMCG, Oil, IT, Realty & Healthcare have ended negative in varying degrees while Consumer Durables & Banks have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed mixed.
Sensex (Daily)
Last Close | 15587.62; Support | 15330, 15037; Resistance | 15734, 15956
Trading Range: The Sensex opened at 15770.16, moved up to an intra-day high of 15770.40, declined to an intra-day low of 15479.42 and closed at 15587.62.
Review/Outlook: The Sensex has had a mixed trading session, has had a neutral opening, has moved just one way, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15599 level while significant resistance at higher levels (15656) | would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 14700 level.
RDB Ind (Daily)
Last Close | 136.50; Support | 123, 096; Resistance | 152, 183
Trading Range: The scrip opened at 135.00, moved up to an intra-day high of 136.50, declined to an intra-day low of 131.60 and closed at 136.50.
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.
Shyam Tele (Daily)
Last Close | 084.55; Support | 074, 059; Resistance | 093, 118
Trading Range: The scrip opened at 082.95, moved up to an intra-day high of 086.50, declined to an intra-day low of 080.10 and closed at 084.55.
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.
ICSA India (Daily)
Last Close | 373.50; Support | 363, 320; Resistance | 416, 474
Trading Range: The scrip opened at 340.05, moved up to an intra-day high of 374.35, declined to an intra-day low of 340.00 and closed at 373.50.
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.
Asian Oil (Daily)
Last Close | 184.65; Support | 148, 110; Resistance | 188, 254
Trading Range: The scrip opened at 185.00, moved up to an intra-day high of 189.00, declined to an intra-day low of 173.95 and closed at 184.65.
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 |
778, 750 |
825.35 |
829, 856 |
Tu |
|
DR. REDDY |
579, 530 |
591.70 |
610, 645 |
Up |
|
HUL |
240, 224 |
247.90 |
252, 272 |
Up |
|
INFOSYS |
1457, 1425 |
1461.30 |
1510, 1667 |
Tu |
|
ITC |
193, 180 |
208.30 |
213, 227 |
Sd |
|
RIL |
2309, 2274 |
2381.25 |
2426, 2539 |
Tu |
|
SATYAM |
425, 406 |
429.10 |
443, 475 |
Up |
|
SBI |
1624, 1539 |
1674.80 |
1760, 1802 |
Tu |
|
T MOTORS |
600, 567 |
627.15 |
635, 670 |
Td |
|
T STEEL |
642, 614 |
656.30 |
670, 695 |
Sd |
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.
