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January 14, 2008 09:01 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, Consumer Durables, FMCG, IT, Auto & Metals have ended negative in varying degrees while Banks, Healthcare, Oil, Psu & Realty have ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.

Sensex (Daily)                                                                     

Last Close - 20827.45 | Support - 20700, 20498 | Resistance - 21000, 21200

Trading Range - The Sensex opened at 20702.94, moved up to an intra-day high of 20894.79, declined to an intra-day low of 20505.81 and closed at 20827.45. 

Review/Outlook - The Sensex has had a mixed trading session, has had a positive 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 lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 20836 level while resistance at higher levels (21000) � would limit the upside. The outlook has turned positive again while resistance comes in at the 21200+ level and support comes in at the 18833 level.  

Apollo Sindhoori. (Daily)                                                        

Last Close - 792.10 | Support - 720, 660 | Resistance - 800, 900

Trading Range - The scrip opened at 775.00, moved up to an intra-day high of 792.10, declined to an intra-day low of 735.00 and closed at 792.10.

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.   

Voltas Ltd [Get Quote]. (Daily)                                                      

Last Close - 238.85 | Support - 230, 198 | Resistance - 243, 267

Trading Range - The scrip opened at 232.00, moved up to an intra-day high of 241.10, declined to an intra-day low of 230.00 and closed at 238.85.

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.   

Parenteral Drugs. (Daily)                                                 

Last Close - 217.60 | Support - 210, 180 | Resistance - 245, 300

Trading Range - The scrip opened at 202.20, moved up to an intra-day high of 217.60, declined to an intra-day low of 196.90 and closed at 217.60.

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.       

Sowbhagya Exp. (Daily)                                                      

Last Close - 131.95 | Support - 123, 103 | Resistance - 151, 172

Trading Range - The scrip opened at 126.00, moved up to an intra-day high of 133.75, declined to an intra-day low of 126.00 and closed at 131.95.

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

892, 856

898.00

924, 965

Dt

DR. REDDY

669, 645

680.60

689, 712

Td

HUL

224, 216

224.25

240, 252

Up

INFOSYS [Get Quote]

1510, 1457

1580.10

1667, 1723

Td

ITC

213, 193

222.55

240, 260

Up

RIL [Get Quote]

3083, 3028

3128.15

3140, 3200

Up

SATYAM [Get Quote]

406, 385

410.75

425, 443

Td

SBI [Get Quote]

2415, 2331

2437.25

2468, 2520

Tu

T MOTORS

749, 722

762.45

771, 811

Tu

TISCO [Get Quote]

820, 762

853.25

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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