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Hemen Kapadia / Morpheus Inc in Mumbai
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February 27, 2007 09:22 IST

The market has remained in a mixed frame of mind, has come off its intra-day low and has finally ended the day in positive territory.

Auto, Metals, FMCG, Banks, PSU & Healthcare have ended positive in varying degrees while Capital Goods, Consumer Durables, IT & Oil sectors have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed hopeful.

Sensex (Daily)

Last Close -- 13649.52; Support -- 13576, 13461; Resistance -- 13652, 13723

Trading Range: The Sensex opened at 13684.95, moved up to an intra-day high of 13723.40, declined to an intra-day low of 13383.88, and closed at 13649.52.

Review/Outlook: The Sensex has finally reflected a glimmer of hope by giving an upward key reversal on the daily chart after an extremely volatile trading session to exhaust a 5 trading session fall after rebounding from lower levels and has finally ended 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 especially above the 13668 level while sustainability is going to be a key issue.

Keynote Corp. Ser. (Daily)

Last Close -- 058.90; Support -- 051, 039; Resistance -- 062, 075

Trading Range: The scrip opened at 058.00, moved up to an intra-day high of 058.90, declined to an intra-day low of 058.00 and closed at 058.90.

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.

Manappuram GF. (Daily)

Last Close -- 099.00; Support -- 091, 076; Resistance -- 099, 118

Trading Range: The scrip opened at 094.10, moved up to an intra-day high of 099.65, declined to an intra-day low of 092.10 and closed at 099.00.

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.

Raipur Alloys. (Daily)

Last Close -- 157.45; Support -- 144, 122; Resistance -- 164, 193

Trading Range: The scrip opened at 151.00, moved up to an intra-day high of 158.40, declined to an intra-day low of 145.10 and closed at 157.45.

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.

Ansal Infra. (Daily)

Last Close -- 576.95; Support -- 568, 500; Resistance -- 620, 650

Trading Range: The scrip opened at 574.65, moved up to an intra-day high of 593.35, declined to an intra-day low of 545.95 and closed at 576.95.

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.

Daily Stock Track

Scrip

Support

Last Close

Resistance

Trend

ACC

924, 892

945.90

979, 1022

Dt

DR. REDDY

689, 669

691.50

712, 733

Dt

HLL

183, 172

189.05

192, 203

Dt

INFOSYS

2208, 2133

2217.10

2270, 2325

Dt

ITC

168, 155

170.40

180, 190

Td

RIL

1373, 1342

1407.20

1409, 1450

Up

SATYAM

443, 425

461.45

475, 500

Td

SBI

1050, 1000

1088.75

1100, 1135

Dt

T MOTORS

811, 771

839.60

849, 888

Dt

TISCO

466, 452

469.70

480, 500

Tu

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.

DISCLAIMER: While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.

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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