The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day sharply in positive territory. Consumer Durables, Healthcare, Banks, Oil, Auto, IT, FMCG, Capital Goods, Realty, Metal & PSU have ended positive in varying degrees while no sector has ended in negative territory.
Volume registered a noticeable increase (read as turnover) while the undertone seemed better.
Sensex (Daily)
Last Close | 18115.25; Support | 17953, 17494; Resistance | 18319, 18632
Trading Range: The Sensex opened at 17541.17, moved up to an intra-day high of 18142.92, declined to an intra-day low of 17445.05 and closed at 18115.25.
Review/Outlook: The Sensex has had a mixed trading session, has had a negative opening, has moved both ways, has received buying support at lower levels, has come off from its intra - day low and has finally ended sharply in positive territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 18131 level while significant resistance at higher levels (18412) | would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 16200 level.
Era Infra. (Daily)
Last Close | 750.60; Support | 742, 697; Resistance | 810, 879
Trading Range: The scrip opened at 714.00, moved up to an intra-day high of 790.00, declined to an intra-day low of 708.50 and closed at 750.60.
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.
Sagar Cement. (Daily)
Last Close | 377.60; Support | 360, 325; Resistance | 421, 459
Trading Range: The scrip opened at 361.00, moved up to an intra-day high of 381.20, declined to an intra-day low of 345.00 and closed at 377.60.
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.
Dolphin Off. (Daily)
Last Close | 219.15; Support | 214, 182; Resistance | 238, 269
Trading Range: The scrip opened at 210.00, moved up to an intra-day high of 223.00, declined to an intra-day low of 208.75 and closed at 219.15.
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.
Orissa Sponge. (Daily)
Last Close | 457.10; Support | 418, 382; Resistance | 459, 497
Trading Range: The scrip opened at 417.05, moved up to an intra-day high of 457.10, declined to an intra-day low of 417.00 and closed at 457.10.
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 |
750, 724 |
758.55 |
778, 829 |
Sd |
|
DR. REDDY |
530, 487 |
543.75 |
579, 610 |
Sd |
|
HUL |
203, 192 |
211.20 |
216, 224 |
Sd |
|
INFOSYS |
1510, 1457 |
1564.75 |
1667, 1723 |
Sd |
|
ITC |
193, 180 |
203.00 |
213, 227 |
Sd |
|
RIL |
2539, 2426 |
2590.55 |
2615, 2684 |
Sd |
|
SATYAM |
425, 406 |
438.20 |
443, 471 |
Sd |
|
SBI |
2279, 2180 |
2297.95 |
2331, 2415 |
Tu |
|
T MOTORS |
670, 635 |
751.10 |
798, 722 |
Tu |
|
T STEEL |
762, 731 |
818.50 |
820, 858 |
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 not only be having positions but could even be having contrary positions in the stocks mentioned above.
