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August 08, 2007 09:03 IST

The market has remained in a positive state of mind, has come off its intra-day high and has finally ended the day in positive territory. IT, PSU, Capital Goods, Consumer Durables, Healthcare & Oil have ended positive in varying degrees while the Banks, FMCG, Auto & Metals have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed shaky.

Sensex

Last Close - 14932.77 | Support - 14830, 14723 | Resistance - 14964, 15115

Trading Range - The Sensex opened at 15038.03, moved up to an intra-day high of 15142.04, declined to an intra-day low of 14901.83 and closed at 14932.77.

Review/Outlook - The Sensex has had a mixed trading session, has had a strong opening, has depreciated after facing selling pressure at higher levels, has come off from its intra - day high and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 14901 level while good support at lower levels (14812) - could limit the downside (if any). The outlook seems to have turned negative again while resistance comes in at the 16000+ level and support comes in at the 14683 level.

Ankur Drugs

Last Close - 444.30 | Support - 442, 389 | Resistance - 464, 487

Trading Range - The scrip opened at 450.00, moved up to an intra-day high of 459.20, declined to an intra-day low of 437.50 and closed at 444.30.

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.

Diamond Cable

Last Close - 271.00 | Support - 250, 225 | Resistance - 275, 300

Trading Range - The scrip opened at 264.90, moved up to an intra-day high of 271.00, declined to an intra-day low of 263.60 and closed at 271.00.

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.

Era Construct

Last Close - 551.30 | Support - 525, 473 | Resistance - 573, 600

Trading Range - The scrip opened at 533.80, moved up to an intra-day high of 552.00, declined to an intra-day low of 533.80 and closed at 551.30.

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.

Accent Tech

Last Close - 201.40 | Support - 195, 176 | Resistance - 220, 250

Trading Range - The scrip opened at 197.70, moved up to an intra-day high of 201.40, declined to an intra-day low of 193.50 and closed at 201.40.

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.


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