Sensex (Daily)
Last Close - 17125.98 | Support - 16964, 16681 | Resistance - 17292, 17494
Trading Range - The Sensex opened at 16781.97, moved up to an intra-day high of 17150.92, declined to an intra-day low of 16781.97 and closed at 17125.98.
Review/Outlook - The Sensex has had a solid trading session, has had a positive opening, has moved just one way, has faced buying support even at higher levels, has come off from its intra - day low and has finally ended in positive territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 17139 level while significant resistance at higher levels (17400) would limit the upside. The outlook has turned positive again while resistance comes in at the 16609+ level and support comes in at the 15300 level.
Lkp Mer. Fin. (Daily)
Last Close - 175.05 | Support - 170, 151 | Resistance - 209, 234
Trading Range - The scrip opened at 174.00, moved up to an intra-day high of 177.50, declined to an intra-day low of 164.00 and closed at 175.05.
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.
Ratnabali Cap. (Daily)
Last Close - 157.50 | Support - 135, 103 | Resistance - 168, 193
Trading Range - The scrip opened at 143.00, moved up to an intra-day high of 157.50, declined to an intra-day low of 143.00 and closed at 157.50.
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.
Kamanwala Hsg. (Daily)
Last Close - 095.65 | Support - 090, 068 | Resistance - 116, 144
Trading Range - The scrip opened at 095.00, moved up to an intra-day high of 095.65, declined to an intra-day low of 092.50 and closed at 095.65.
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.
Tricom India. (Daily)
Last Close - 164.30 | Support - 142, 112 | Resistance - 166, 197
Trading Range - The scrip opened at 165.70, moved up to an intra-day high of 166.80, declined to an intra-day low of 159.00 and closed at 164.30.
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 |
782.75 |
829, 856 |
Sd |
|
DR. REDDY |
610, 579 |
614.80 |
645, 689 |
Tu |
|
HUL |
240, 224 |
249.75 |
252, 272 |
Tu |
|
INFOSYS |
1667, 1510 |
1686.45 |
1723, 1777 |
Sd |
|
ITC |
193, 180 |
212.75 |
213, 227 |
Up |
|
RIL |
2615, 2539 |
2624.50 |
2684, 2724 |
Up |
|
SATYAM |
443, 425 |
444.60 |
475, 522 |
Sd |
|
SBI |
1624, 1539 |
1750.10 |
1760, 1802 |
Tu |
|
T MOTORS |
635, 600 |
639.10 |
670, 698 |
Tu |
|
T STEEL |
762, 731 |
803.30 |
820, 858 |
Up |
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.
