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July 31, 2007 09:15 IST

The market has remained in a negative state of mind, has come off its intra-day high and has finally ended the day in positive territory. Capital Goods, Consumer Durables, Metal, Healthcare, Auto, Oil & IT have ended negative in varying degrees while Banks, FMCG & PSU's have ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed sceptical.

Sensex (Daily)

Last Close - 15260.91 | Support - 15216, 15112 | Resistance - 15341, 15440

Trading Range - The Sensex opened at 15278.03, moved up to an intra-day high of 15451.81, declined to an intra-day low of 15135.25 and closed at 15260.91.

Review/Outlook - The Sensex has had a mixed trading session, has had a decent opening, has depreciated after facing selling pressure even at lower levels, but has come off from its intra - day low and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside (is a mild possibility) could come in below the 15205 level while some support at lower levels (15020) - could limit the downside. The outlook seems to have turned negative again while resistance comes in at the 16000+ level and support comes in at the 14800 level.

United Brew. (Daily)

Last Close - 766.20 | Support - 742, 656 | Resistance - 774, 799

Trading Range - The scrip opened at 696.00, moved up to an intra-day high of 766.20, declined to an intra-day low of 696.00 and closed at 766.20.

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.

Bartronics. (Daily)

Last Close - 205.10 | Support - 190, 176 | Resistance - 225, 250

Trading Range - The scrip opened at 196.00, moved up to an intra-day high of 205.10, declined to an intra-day low of 193.05 and closed at 205.10.

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.

Tips Ind. (Daily)

Last Close - 044.10 | Support - 040, 032 | Resistance - 045, 053

Trading Range - The scrip opened at 041.00, moved up to an intra-day high of 044.10, declined to an intra-day low of 041.00 and closed at 044.10.

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.

Kalindee Rail. (Daily)

Last Close - 275.45 | Support - 274, 246 | Resistance - 280, 305

Trading Range - The scrip opened at 264.80, moved up to an intra-day high of 276.85, declined to an intra-day low of 260.50 and closed at 275.45.

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.

Daily Stock Track
          

Scrip

Support

Last Close

Resistance

Trend

ACC

994, 965

1022.60

1057, 1075

Sd

DR. REDDY

610, 579

635.95

645, 669

Sd

HUL

203, 192

208.75

216, 230

Tu

INFOSYS [Get Quote]

1962, 1883

1988.25

2009, 2061

Tu

ITC

155, 144

167.30

168, 180

Up

RIL [Get Quote]

1834, 1785

1847.85

1878, 1932

Up

SATYAM [Get Quote]

443, 425

478.90

475, 500

Sd

SBI [Get Quote]

1550, 1531

1579.00

1591, 1625

Up

T MOTORS

698, 670

707.20

722, 749

Up

TISCO [Get Quote]

646, 617

647.30

670, 695

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.

DISCLAIMER: While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.

Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.


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