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Hemen Kapadia / Morpheus Inc in Mumbai
 
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June 20, 2007 09:17 IST

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.

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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