Trading strategy for June 25

The market remained subdued to again end in negative territory.

Banks were mixed, capital goods, IT remained under pressure but it was the pharma sector which was a clear loser.

consumer durables, FMCG and PSUs ended on a positive note. Volume was lower (read as turnover) while the undertone was mixed.

Sensex -- Last Close -- 3447.45  | Support -- 3400, 3320  | Resistance -- 3467, 3545

Trading Range -- The Sensex opened at 3441.07, moved up to an intra-day high of 3473.23, declined to an intra-day low of 3438.27 and closed at 3447.45.

Review/Outlook -- The Sensex remained range bound on low volume to end in negative territory but the downside appears to be limited due to strong  | Support at lower levels.  

ACC -- Last Close -- 157.10  | Support -- 155, 148   | Resistance -- 166, 175

Trading Range -- The scrip opened at 156.00, moved up to an intra-day high of 158.70, declined to an intra-day low of 155.50 and closed at 157.10.

Review/Outlook -- The scrip has given an upward "key" reversal (bullish intra-day pattern) and with the oscillators looking strong, a further downside seems possible.

SBI -- Last Close -- 359.10  | Support -- 358, 333 --  | Resistance -- 380, 415

Trading Range -- The scrip opened at 353.75, moved up to an intra-day high of 360.00, declined to an intra-day low of 348.50 and closed at 359.10.

Review/Outlook -- The scrip has given an upward "key" reversal (bullish intra-day pattern) and with the oscillators signalling a buy, a further upside cannot be ruled out. 

Sterlite Optical -- Last Close -- 051.70  | Support -- 046, 039   | Resistance -- 060, 080

Trading Range -- The scrip opened at 048.40, moved up to an intra-day high of 052.20, declined to an intra-day low of 047.60 and closed at 051.70.

Review/Outlook -- The scrip has reflected strength by overcoming a supply line and with the oscillators looking positive, further appreciation seems to be on the cards.  

Supreme Industries -- Last Close -- 128.30  | Support -- 126, 110  | Resistance -- 144, 156

Trading Range -- The scrip opened at 125.00, moved up to an intra-day high of 129.00, declined to an intra-day low of 125.00 and closed at 128.30.

Review/Outlook -- The scrip has given an upward "key" reversal (bullish intra-day pattern) and with the indicators looking firm, a further upside seems to be on the cards.