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The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in positive territory.
Consumer durables, healthcare, PSU, auto, capital goods, metals, oil, banks & FMCG have ended positive in varying degrees, while IT has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed solid.
Sensex (Daily)
Last Close -- 14295.50; Support -- 14243, 14171; Resistance -- 14325, 14454
Trading Range: The Sensex opened at 14088.58, moved up to an intra-day high of 14315.18, declined to an intra-day low of 14058.79 and closed at 14295.50.
Review/Outlook: The Sensex has reflected significant amount of strength, has had a rather docile opening, but has recovered smartly from lower levels after receiving strong buying support and has come off from its intra- day low, has finally ended sharply in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 14315 level while some resistance at higher levels (14368) -- could limit the upside. The outlook seems to have turned better again while resistance comes in at the 14480+ level and support comes in at the 13953 level.
Pratibha Ind. (Daily)
Last Close -- 230.00; Support -- 219, 181; Resistance -- 251, 278
Trading Range: The scrip opened at 219.90, moved up to an intra-day high of 230.00, declined to an intra-day low of 218.30 and closed at 230.00.
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.
Geodesic Info. (Daily)
Last Close -- 301.95; Support -- 290, 264; Resistance -- 327, 350
Trading Range: The scrip opened at 281.00, moved up to an intra-day high of 301.95, declined to an intra-day low of 280.00 and closed at 301.95.
Review/Outlook: The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Ess Dee Alumin. (Daily)
Last Close -- 448.80; Support -- 409, 378; Resistance -- 449, 500
Trading Range: The scrip opened at 438.90, moved up to an intra-day high of 467.70, declined to an intra-day low of 432.80 and closed at 448.80.
Review/Outlook: The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Utv Softw. (Daily)
Last Close -- 525.65; Support -- 496, 466; Resistance -- 558, 600
Trading Range: The scrip opened at 508.00, moved up to an intra-day high of 525.65, declined to an intra-day low of 504.00 and closed at 525.65.
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.
Daily Stock Track
Scrip | Support | Last Close | Resistance | Trend |
ACC | 793, 750 | 843.40 | 829, 856 | Tu |
DR. REDDY | 610, 579 | 633.45 | 645, 669 | Tu |
HLL [Get Quote] | 183, 172 | 189.00 | 192, 203 | Sd |
INFOSYS [Get Quote] | 1883, 1812 | 1956.85 | 1962, 2061 | Up |
ITC | 144, 136 | 153.10 | 155, 168 | Dt |
RIL [Get Quote] | 1705, 1645 | 1727.15 | 1737, 1785 | Tu |
SATYAM [Get Quote] | 443, 425 | 468.45 | 475, 500 | Sd |
SBI [Get Quote] | 1362, 1332 | 1372.40 | 1402, 1455 | Tu |
T MOTORS | 635, 610 | 663.45 | 670, 698 | Sd |
TISCO [Get Quote] | 593, 570 | 608.85 | 617, 646 | 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.
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