The market has opened with an upward gap, has managed to sustain at higher levels and has ended the day in positive territory. Pharma, FMCG, Oil, Capital Goods, Banks, Consumer Durables, Auto, Metals and PSU's have ended positive in varying degrees while the IT sector has ended in negative territory. Volume registered a minor increase (read as turnover) while the undertone seemed bullish.
Sensex (Daily)
Last Close - 11638 | Support - 11600, 11500 | Resistance - 11700, 11800
Trading Range - The Sensex opened at 11600, moved up to an intra-day high of 11711, declined to an intra-day low of 11570 and closed at 11638.
Review/Outlook - The Sensex has once again created history to not only post a fresh all time high but has also given an all time high closing and on marginally higher volume. The outlook continues to remain positive, as the bigger picture remains quite solid while the intra-day picture seems to have assumed a range scenario and an intra-day upside cannot be ruled out - action could come in above the 11711 level.
IL & FS Inv. (Daily)
Last Close - 216.70 | Support - 200, 170 | Resistance - 250, 300
Trading Range - The scrip opened at 209.70, moved up to an intra-day high of 216.70, declined to an intra-day low of 203.10 and closed at 216.70.
Review/Outlook - The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards.
Saksoft Ltd. (Daily)
Last Close - 109.65 | Support - 106, 091 | Resistance - 122, 147
Trading Range - The scrip opened at 103.50, moved up to an intra-day high of 109.65, declined to an intra-day low of 099.00 and closed at 109.65.
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.
Ansal Infra. (Daily)
Last Close - 795.20 | Support - 750, 725 | Resistance - 800, 850
Trading Range - The scrip opened at 769.00, moved up to an intra-day high of 795.20, declined to an intra-day low of 760.00 and closed at 795.20.
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.
Keltech Energies. (Daily)
Last Close - 167.55 | Support - 162, 146 | Resistance - 184, 216
Trading Range - The scrip opened at 165.00, moved up to an intra-day high of 167.55, declined to an intra-day low of 162.00 and closed at 167.55.
Review/Outlook - The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards.
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
750, 724 |
795.55 |
800, 850 |
Sd |
|
DR. REDDY |
1400, 1342 |
1441.60 |
1466, 1500 |
Tu |
|
HLL |
266, 252 |
280.25 |
281, 295 |
Up |
|
INFOSYS |
3074, 2938 |
3152.80 |
3453, 3600 |
Up |
|
ITC |
190, 180 |
203.60 |
210, 225 |
Up |
|
RIL |
800, 775 |
837.65 |
850, 900 |
Up |
|
SATYAM |
830, 810 |
873.95 |
886, 950 |
Up |
|
SBI |
950, 926 |
996.20 |
1000, 1050 |
Up |
|
T MOTORS |
950, 900 |
962.25 |
999, 1050 |
Tu |
|
TISCO |
500, 466 |
542.10 |
550, 605 |
Up |
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 be having positions in the stocks mentioned above.
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