The market come off its intra-day lows to stage a smart comeback and has ended the day clearly in positive territory. Banks, Capital Goods, Pharma, Metals, PSU, FMCG and Oil and have ended positive in varying degrees while Banks, Consumer Durables, IT and the Auto sector have ended in negative territory. Volume registered an increase (read as turnover) while the undertone seemed positive.
Sensex (Daily)
Last Close - 10224 | Support - 10192, 10100 | Resistance - 10300, 10400
Trading Range - The Sensex opened at 10179, moved up to an intra-day high of 10238, declined to an intra-day low of 10157 and closed at 10224.
Review/Outlook - The Sensex has reflected strength to post a fresh all time high on higher volume (could have been more) while the outlook seems to be turning positive again. The negative market breadth continues to be a cause for concern while strong support comes in at the 10192 level and a further upside cannot be ruled out.
Ansal Infra. (Daily)
Last Close - 480.20 | Support - 455, 411 | Resistance - 500, 568
Trading Range - The scrip opened at 439.70, moved up to an intra-day high of 480.20, declined to an intra-day low of 433.60 and closed at 480.20.
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.
TRF Ltd. (Daily)
Last Close - 267.70 | Support - 258, 222 | Resistance - 280, 311
Trading Range - The scrip opened at 255.00, moved up to an intra-day high of 269.05, declined to an intra-day low of 255.00 and closed at 267.70.
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.
Chembond Chem. (Daily)
Last Close - 130.80 | Support - 128, 096 | Resistance - 142, 175
Trading Range - The scrip opened at 129.70, moved up to an intra-day high of 130.80, declined to an intra-day low of 128.10 and closed at 130.80.
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.
TIL Ltd. (Daily)
Last Close - 207.75 | Support - 194, 162 | Resistance - 250, 301
Trading Range - The scrip opened at 194.00, moved up to an intra-day high of 208.55, declined to an intra-day low of 191.05 and closed at 207.75.
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.Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
569, 542 |
591.80 |
610, 639 |
Sd |
|
DR. REDDY |
1342, 1282 |
1357.60 |
1400, 1466 |
Up |
|
HLL |
240, 224 |
241.40 |
266, 281 |
Up |
|
INFOSYS |
2769, 2650 |
2801.80 |
2813, 2938 |
Sd |
|
ITC |
155, 144 |
163.20 |
170, 190 |
Up |
|
RIL |
700, 675 |
702.55 |
725, 750 |
Sd |
|
SATYAM |
752, 730 |
769.75 |
770, 810 |
Up |
|
SBI |
850, 830 |
866.75 |
871, 900 |
Sd |
|
T MOTORS |
750, 700 |
791.90 |
800, 850 |
Up |
|
TISCO |
390, 373 |
411.10 |
411, 425 |
Tu |
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.