Sensex (Daily)   

Last Close - 9237.53, Support � 9176, 9113, Resistance � 9274, 9348

Trading Range � The Sensex opened at 9293.80, moved up to an intra-day high of 9302.78, declined to an intra-day low of 9158.44 and closed at 9237.53.

Review/Outlook � The Sensex continues to reflect weakness and has once again declined to end in negative territory amidst significant amount of volatility. The downward pressure is expected to remain and while the oversold situation on the intra-day charts seems to suggest a recovery but question marks still remain on the sustainability of such a recovery.      

Tisco [Get Quote] (Daily) 

Last Close � 351.10,  Support � 349, 331, Resistance � 361, 373

Trading Range � The scrip opened at 345.50, moved up to an intra-day high of 352.40, declined to an intra-day low of 341.35 and closed at 351.10.

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. 

Suzlon [Get Quote] (Daily)          

Last Close � 877.10,  Support � 855, 817              Resistance � 893, 939

Trading Range � The scrip opened at 938.00, moved up to an intra-day high of 885.90, declined to an intra-day low of 835.00 and closed at 877.10.

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.   

Tata Chem. (Daily)          

Last Close � 240.20, Support � 237, 227, Resistance � 244, 258

Trading Range � The scrip opened at 236.00, moved up to an intra-day high of 241.50, declined to an intra-day low of 227.00 and closed at 240.20.

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.  

United Brew. (Daily)    

Last Close � 572.30, Support � 546, 513, Resistance � 591, 627 

Trading Range � The scrip opened at 572.30, moved up to an intra-day high of 572.30, declined to an intra-day low of 553.00 and closed at 572.30.

Review/Outlook � The scrip has reflected strength by appreciating with an upward gap and with the indicators looking positive, a further upside seems to be on the cards.  

Daily Stock Track

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.