The market has actually rather lacklustre, has come off its intra-day low and has finally ended the day in positive territory. Banks, Capital Goods, Consumer Durables, Healthcare & PSU's Auto have ended positive in varying degrees while FMCG, Auto, IT, Metals & Oil have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed subdued.
Sensex
Last Close - 14131.34 | Support - 14100, 14035 | Resistance - 14200, 14300
Trading Range - The Sensex opened at 14116.25, moved up to an intra-day high of 14185.12, declined to an intra-day low of 14089.63 and closed at 14131.34.
Review/Outlook - The Sensex has reflected some amount of indecision by staying within the previous trading sessions range with no clear bias coming in but has still staged a mild recovery to come off a bit from its intra-day high to finally end in positive territory on distinctly higher volume. Volatility can be the order of the day, the lack of clarity of the last trading session is expected to spill over to today's trading session indicating the possibility of a range bound movement coming roughly between 14073 and 14170.
Carnation Foods
Last Close - 098.10 | Support - 085, 065 | Resistance - 102, 126
Trading Range - The scrip opened at 084.00, moved up to an intra-day high of 098.10, declined to an intra-day low of 083.90 and closed at 098.10.
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.
Techno Engg
Last Close - 129.00 | Support - 116, 104 | Resistance - 150, 175
Trading Range - The scrip opened at 122.40, moved up to an intra-day high of 129.00, declined to an intra-day low of 122.40 and closed at 129.00.
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.
Vyapar Ind
Last Close - 154.55 | Support - 151, 120 | Resistance - 157, 171
Trading Range - The scrip opened at 152.00, moved up to an intra-day high of 154.55, declined to an intra-day low of 152.00 and closed at 154.55.
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.
Goldiam Int'nl
Last Close - 122.60 | Support - 103, 082 | Resistance - 126, 139
Trading Range - The scrip opened at 122.60, moved up to an intra-day high of 122.60, declined to an intra-day low of 119.05 and closed at 122.60.
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.
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
1061, 1022 |
1094.30 |
1110, 1155 |
Sd |
|
DR. REDDY |
795, 757 |
815.95 |
840, 877 |
Sd |
|
HLL |
216, 203 |
220.80 |
224, 240 |
Tu |
|
INFOSYS |
2133, 2061 |
2203.25 |
2208, 2270 |
Sd |
|
ITC |
168, 155 |
169.30 |
180, 190 |
Sd |
|
RIL |
1316, 1293 |
1349.80 |
1350, 1400 |
Up |
|
SATYAM |
500, 475 |
508.75 |
538, 600 |
Sd |
|
SBI |
1190, 1166 |
1222.75 |
1250, 1300 |
Sd |
|
T MOTORS |
944, 920 |
964.55 |
970, 990 |
Tu |
|
TISCO |
480, 466 |
483.80 |
500, 518 |
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.