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Look out for Sical Logistics, Khoday India
Hemen Kapadia / Morpheus Inc in Mumbai
 
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November 26, 2007 08:44 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.

Capital goods, banks, auto, consumer durables, healthcare, IT, metals, realty, tech, FMCG, oil & PSUs have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.

Sensex

Last Close -- 18852.87; Support -- 18833, 18327; Resistance -- 19276, 19621

Trading Range: The Sensex opened at 18737.22, moved up to an intra-day high of 18910.46, declined to an intra-day low of 18548.06 and closed at 18852.87.

Review/Outlook: The Sensex has had a mixed trading session, has had a good opening, has moved both ways, has received buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 18871 level while resistance at higher levels (19206) -- would limit the upside. The outlook has turned bullish again while resistance comes in at the 21200+ level and support comes in at the 18833 level.

Kamanwala Hous.

Last Close -- 169.35; Support -- 150, 125; Resistance -- 175, 200

Trading Range: The scrip opened at 162.40, moved up to an intra-day high of 169.95, declined to an intra-day low of 159.30 and closed at 169.35.

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.

Sical Logist.

Last Close -- 246.60; Support -- 227, 210; Resistance -- 249, 286

Trading Range: The scrip opened at 245.00, moved up to an intra-day high of 288.00, declined to an intra-day low of 243.00 and closed at 246.60.

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.

Khoday India [Get Quote]

Last Close -- 271.10; Support -- 227, 165; Resistance -- 278, 320

Trading Range: The scrip opened at 270.00, moved up to an intra-day high of 286.75, declined to an intra-day low of 268.00 and closed at 271.10.

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.

Shivvani Oil

Last Close -- 444.10; Support -- 429, 390; Resistance -- 467, 500

Trading Range: The scrip opened at 444.80, moved up to an intra-day high of 453.95, declined to an intra-day low of 437.00 and closed at 444.10.

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.

Daily Stock Track

Scrip

Support

Last Close

Resistance

Trend

ACC

1099, 1025

1112.90

1155, 1192

Tu

DR. REDDY

579, 524

602.05

610, 645

Sd

HUL

203, 192

205.55

216, 224

Sd

INFOSYS [Get Quote]

1510, 1457

1558.00

1667, 1723

Os

ITC

180, 168

184.15

193, 213

Up

RIL [Get Quote]

2805, 2724

2811.45

2929, 3000

Sd

SATYAM [Get Quote]

406, 385

416.75

425, 443

Os

SBI [Get Quote]

2180, 2050

2251.20

2279, 2331

Sd

T MOTORS

698, 670

714.65

722, 749

Sd

TISCO [Get Quote]

820, 762

820.50

858, 890

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 not only be having positions but could even be having contrary positions in the stocks mentioned above.


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