The market has had a volatile trading session to basically come off its intra-day low and has finally ended the day in positive territory. Banks, Pharma, Auto, Metal, Consumer Durables, Capital Goods, FMCG, IT, Oil & 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 upbeat.
Sensex (Daily)Last Close - 10876.19 | Support - 10740, 10662 | Resistance - 10884, 10947
Trading Range - The Sensex opened at 10747.13, moved up to an intra-day high of 10891.38, declined to an intra-day low of 10730.13 and closed at 10876.19.
Review/Outlook - The Sensex has rebounded after receiving support at lower levels and has recovered from its intra-day low to end smartly in positive territory on distinctly higher volume - it has also sustained above the 55 Day EMA. The outlook has seems to be improving and despite the extreme volatility, a range bound movement cannot be ruled out while the intra-day charts would seem to suggest an upside above the 10892 level while intra-day resistance comes in at the 10940 11000 level.
Bombay Burmah. (Daily)
Last Close - 277.75 | Support - 265, 242 | Resistance - 315, 437
Trading Range - The scrip opened at 260.00, moved up to an intra-day high of 277.75, declined to an intra-day low of 260.00 and closed at 277.75.
Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Areva. (Daily)
Last Close - 652.50 | Support - 554, 514 | Resistance - 682, 779
Trading Range - The scrip opened at 636.70, moved up to an intra-day high of 657.00, declined to an intra-day low of 635.00 and closed at 652.50.
Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Bhartiya Int. (Daily)
Last Close - 120.80 | Support - 116, 101 | Resistance - 128, 147
Trading Range - The scrip opened at 118.70, moved up to an intra-day high of 120.80, declined to an intra-day low of 118.70 and closed at 120.80.
Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.
Aegis Logis. (Daily)
Last Close - 136.60 | Support - 133, 111 | Resistance - 155, 183
Trading Range - The scrip opened at 133.00, moved up to an intra-day high of 136.60, declined to an intra-day low of 130.50 and closed at 136.60.
Review/Outlook - The scrip has reflected strength by recovering 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 |
856, 829 |
867.75 |
892, 924 |
Tu |
|
DR. REDDY |
1400, 1342 |
1418.65 |
1466, 1514 |
Tu |
|
HLL |
224, 216 |
228.05 |
240, 252 |
Sd |
|
INFOSYS |
1661, 1625 |
1664.75 |
1727, 1800 |
Sd |
|
ITC |
168, 155 |
173.30 |
180, 190 |
Tu |
|
RIL |
977, 949 |
989.90 |
1001, 1024 |
Sd |
|
SATYAM |
752, 730 |
755.30 |
770, 810 |
Tu |
|
SBI |
809, 784 |
826.55 |
830, 850 |
Tu |
|
T MOTORS |
749, 722 |
758.25 |
771, 811 |
Sd |
|
TISCO |
500, 480 |
511.20 |
530, 550 |
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 even be having contrary positions in the stocks mentioned above.
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