The market has remained in a weak state of mind, has come off its intra-day high and has finally ended the day in negative territory. Banks, Healthcare, Consumer Durables, Metal, Oil, Realty, IT, FMCG, Auto, Capital Goods & PSU have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed panicky.

Sensex (Daily)                                                                     

Last Close - 14571.29 | Support - 14431, 14046 | Resistance - 14732, 15037

Trading Range - The Sensex opened at 15168.05, moved up to an intra-day high of 15202.01, declined to an intra-day low of 14519.27 and closed at 14571.29. 

Review/Outlook - The Sensex has had a weak trading session, has had a positive opening, has moved just one way, has faced selling pressure even at lower levels, has come off from its intra - day high and has finally ended sharply in negative territory on higher volume. Volatility can be the order of the day; an intra-day downside (seems like a distinct possibility) could come in below the 14565 level while significant support at lower levels (14100) � would limit the downside & result in a late recovery. The outlook has turned weak again while resistance comes in at the 15800+ level and support comes in at the 13800 level.  

Renuka Sugar. (Daily)                                                  

Last Close - 106.15 | Support - 101, 084 | Resistance - 129, 148

Trading Range - The scrip opened at 114.10, moved up to an intra-day high of 114.20, declined to an intra-day low of 104.50 and closed at 106.15.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.    

Praj Industries [Get Quote]. (Daily)                                                

Last Close - 183.70 | Support - 165, 149 | Resistance - 189, 211

Trading Range - The scrip opened at 203.00, moved up to an intra-day high of 203.00, declined to an intra-day low of 180.50 and closed at 183.70.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.     

Parsvnath. (Daily)                                               

Last Close - 152.10 | Support - 138, 112 | Resistance - 169, 214

Trading Range - The scrip opened at 164.65, moved up to an intra-day high of 164.65, declined to an intra-day low of 151.10 and closed at 152.10.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.          

Ntpc Limited. (Daily)                                               

Last Close - 162.60 | Support - 155, 141 | Resistance - 169, 184

Trading Range - The scrip opened at 164.00, moved up to an intra-day high of 169.95, declined to an intra-day low of 161.60 and closed at 162.60.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.        

Daily Stock Track

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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