Flex Ind, Mindteck look good

The market has actually moved both ways, has come off its intra-day high and has finally ended the day in negative territory. Capital Goods, FMCG, Healthcare, IT & Auto have ended negative in varying degrees while Banks, Consumer Durables, Metals, Oil & PSU's have ended in positive territory. Volume registered a wafer-thin increase (read as turnover) while the undertone seemed docile.

Trading Range - The Sensex opened at 13768.79, moved up to an intra-day high of 13971.82, declined to an intra-day low of 13763.39 and closed at 13860.52.

Review/Outlook - The Sensex has reflected some amount of weakness by opening with a downward gap but has held relatively firm thereafter to come off sharply from its intra-day high but has finally ended mildly in negative territory on marginally higher 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 a minor intra-day upside (especially above the 13902 level) while support comes in at the 13770 level.

Trading Range - The scrip opened at 167.00, moved up to an intra-day high of 167.00, declined to an intra-day low of 160.00 and closed at 167.00.

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.

Trading Range - The scrip opened at 046.55, moved up to an intra-day high of 051.55, declined to an intra-day low of 046.55 and closed at 051.55.

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.

Trading Range - The scrip opened at 088.95, moved up to an intra-day high of 091.45, declined to an intra-day low of 087.00 and closed at 091.45.

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.

Trading Range - The scrip opened at 364.80, moved up to an intra-day high of 380.20, declined to an intra-day low of 363.00 and closed at 380.20.

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	1022, 979	1055.15	1061, 1110	Sd
DR. REDDY	795, 757	809.25	840, 877	Tu
HLL	203, 192	212.70	216, 224	Td
INFOSYS	2270, 2133	2274.80	2400, 2500	Up
ITC	155, 144	165.50	168, 180	Td
RIL	1241, 1195	1288.60	1293, 1350	Tu
SATYAM	500, 475	501.50	538, 600	Up
SBI	1190, 1166	1244.30	1250, 1300	Tu
T MOTORS	920, 888	933.05	944, 970	Up
TISCO	466, 452	468.65	480, 500	Sd

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.