The market has remained volatile, has come off its intra-day low and has finally ended the day in positive territory. Consumer Durables, FMCG, Healthcare, Auto, Metals, Oil Banks, Capital Goods and PSU's have ended negative in varying degrees while the IT sector has ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed mixed.
Sensex (Daily)
Last Close - 13430.71 | Support - 13390, 13296 | Resistance - 13500, 13600
Trading Range - The Sensex opened at 13390.95, moved up to an intra-day high of 13463.06, declined to an intra-day low of 13200.36 and closed at 13430.71.
Review/Outlook - The Sensex has reflected some amount of resilience by staging a smart recovery from lower levels by coming off from its intra-day low to finally end in positive territory on marginally lower volume. A range bound movement seems to be on the cards while an intra-day upside cannot be ruled out especially above the 13463 level while intra-day support comes in at the 13330 level.
Aegis Log. (Daily)
Last Close - 156.35 | Support - 155, 133 | Resistance - 183, 230
Trading Range - The scrip opened at 143.05, moved up to an intra-day high of 160.80, declined to an intra-day low of 140.55 and closed at 156.35.
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.
Atlanta Ltd. (Daily)
Last Close - 608.30 | Support - 600, 552 | Resistance - 650, 700
Trading Range - The scrip opened at 585.00, moved up to an intra-day high of 608.30, declined to an intra-day low of 580.00 and closed at 608.30.
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.
IOL Broadband. (Daily)
Last Close - 106.85 | Support - 102, 092 | Resistance - 125, 150
Trading Range - The scrip opened at 098.70, moved up to an intra-day high of 106.85, declined to an intra-day low of 097.00 and closed at 106.85.
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.
Ind. Inv. Trust. (Daily)
Last Close - 099.05 | Support - 099, 078 | Resistance - 115, 130
Trading Range - The scrip opened at 095.00, moved up to an intra-day high of 099.05, declined to an intra-day low of 095.00 and closed at 099.05.
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.
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
1022, 979 |
1056.30 |
1061, 1100 |
Tu |
|
DR. REDDY |
700, 671 |
723.10 |
733, 757 |
Sd |
|
HLL |
240, 224 |
242.95 |
252, 266 |
Sd |
|
INFOSYS |
2200, 2100 |
2253.10 |
2300, 2400 |
Tu |
|
ITC |
168, 155 |
178.35 |
180, 190 |
Dt |
|
RIL |
1241, 1195 |
1257.60 |
1300, 1350 |
Sd |
|
SATYAM |
430, 415 |
440.70 |
443, 475 |
Tu |
|
SBI |
1190, 1100 |
1209.25 |
1250, 1300 |
Up |
|
T MOTORS |
771, 749 |
802.45 |
811, 849 |
Td |
|
TISCO |
452, 437 |
463.40 |
466, 480 |
Dt |
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.