Sensex (Daily)
Last Close - 12709.40 | Support - 12622, 12546 | Resistance - 12711, 12819
Trading Range - The Sensex opened at 12756.41, moved up to an intra-day high of 12849.02, declined to an intra-day low of 26799.85 and closed at 12709.40.
Review/Outlook The Sensex has reflected some amount of indecision by staying within the previous day's trading range but has still managed to end in negative territory for the third trading session in a row on marginally lower volume. A range bound movement seems to be on the cards while an intra-day downside cannot be ruled out especially below the 12654 level but strong support below the 12632 level could lead to a late recovery.
Walchandnagar (Daily)
Last Close - 659.75 | Support - 608, 559 | Resistance 661, 693
Trading Range - The scrip opened at 632.50, moved up to an intra-day high of 659.75, declined to an intra-day low of 627.50 and closed at 659.75.
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.
Ushdev Int. (Daily)
Last Close - 104.00 | Support - 096, 065 | Resistance - 110, 133
Trading Range - The scrip opened at 104.75, moved up to an intra-day high of 104.80, declined to an intra-day low of 100.00 and closed at 104.00.
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.
Unitech Ltd. (Daily)
Last Close - 380.65| Support - 343, 304| Resistance - 400, 450
Trading Range - The scrip opened at 362.00, moved up to an intra-day high of 380.65, declined to an intra-day low of 362.00 and closed at 380.65.
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.
GMR Ind. (Daily)
Last Close - 273.85 | Support - 257, 216 | Resistance - 310, 368
Trading Range - The scrip opened at 269.90, moved up to an intra-day high of 273.85, declined to an intra-day low of 262.00 and closed at 273.85.
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 |
924, 892 |
977.85 |
979, 1022 |
Sd |
|
DR. REDDY |
700, 671 |
724.90 |
733, 757 |
Tu |
|
HLL |
224, 216 |
231.55 |
240, 252 |
Dt |
|
INFOSYS |
2000, 1900 |
2061.70 |
2100, 2200 |
Up |
|
ITC |
180, 168 |
185.95 |
190, 210 |
Up |
|
RIL |
1195, 1171 |
1202.05 |
1250, 1300 |
Up |
|
SATYAM |
415, 405 |
428.35 |
430, 443 |
Tu |
|
SBI |
1000, 950 |
1041.20 |
1050, 1100 |
Tu |
|
T MOTORS |
888, 849 |
890.85 |
944, 990 |
Tu |
|
TISCO |
500, 480 |
507.85 |
530, 550 |
Td |
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.
