The market has actually moved just one way, has come off its intra-day low and has finally ended the day smartly in positive territory. Healthcare, IT, Banks, Oil, Metals, Capital Goods, Consumer Durables, Auto & PSU's have ended positive in varying degrees while the FMCG sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed hopeful.
Sensex (Daily)
Last Close - 13181.34 | Support - 13135, 13030 | Resistance - 13296, 13390
Trading Range - The Sensex opened at 13044.37, moved up to an intra-day high of 13223.00, declined to an intra-day low of 12830.38 and closed at 13181.34.
Review/Outlook - The Sensex has reflected some amount of relative strength by not breaching the previous trading session's intra-day low and has recovered to virtually end at the day's highest point in positive territory on distinctly lower volume. Volatility can be the order of the day, the positives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day upside while it would be slightly premature to comment on the sustainability factor.
GG Dandekar. (Daily)
Last Close - 085.35 | Support - 074, 062 | Resistance - 093, 109
Trading Range - The scrip opened at 083.70, moved up to an intra-day high of 089.45, declined to an intra-day low of 081.10 and closed at 085.35.
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.
Rajesh Exports. (Daily)
Last Close - 314.15 | Support - 310, 260 | Resistance - 328, 353
Trading Range - The scrip opened at 309.00, moved up to an intra-day high of 320.80, declined to an intra-day low of 301.10 and closed at 314.15.
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.
Gtc Ind. (Daily)
Last Close - 218.95 | Support - 195, 164 | Resistance - 223, 249
Trading Range - The scrip opened at 199.00, moved up to an intra-day high of 218.95, declined to an intra-day low of 199.00 and closed at 218.95.
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.
Gvk Power. (Daily)'
Last Close - 285.90 | Support - 279, 233 | Resistance - 300, 333
Trading Range - The scrip opened at 276.00, moved up to an intra-day high of 285.90, declined to an intra-day low of 266.25 and closed at 285.90.
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
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
979, 924 |
1007.50 |
1022, 1061 |
Td |
|
DR. REDDY |
757, 733 |
784.10 |
795, 840 |
Up |
|
HLL |
216, 203 |
219.40 |
224, 240 |
Sd |
|
INFOSYS |
2100, 2000 |
2150.50 |
2200, 2300 |
Sd |
|
ITC |
168, 155 |
173.30 |
180, 190 |
Sd |
|
RIL |
1195, 1171 |
1238.10 |
1241, 1293 |
Sd |
|
SATYAM |
443, 430 |
447.65 |
475, 500 |
Tu |
|
SBI |
1190, 1100 |
1228.05 |
1250, 1300 |
Sd |
|
T MOTORS |
811, 771 |
842.40 |
849, 888 |
Sd |
|
TISCO |
425, 411 |
435.65 |
437, 452 |
Dt |
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 even be having contrary positions in the stocks mentioned above.
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