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

Sensex

Last Close - 14063.81 | Support - 14035, 13931 | Resistance - 14171, 14243

Trading Range - The Sensex opened at 14063.94, moved up to an intra-day high of 14229.22, declined to an intra-day low of 14010.61 and closed at 14063.81.

Review/Outlook - The Sensex has reflected significant amount of weakness, has had a rather positive opening, but has collapsed after facing strong selling pressure to come off from its intra- day high and has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 14071 level while some resistance at higher levels (14139) - could limit the upside. The outlook seems to have turned shaky again while resistance comes in at the 14700+ level and support comes in at the 14040 level.

Kernex Micro

Last Close - 193.65 | Support - 181, 158 | Resistance - 201, 229

Trading Range - The scrip opened at 185.25, moved up to an intra-day high of 199.00, declined to an intra-day low of 185.00 and closed at 193.65.

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.

Kirloskar Pn

Last Close - 504.55 | Support - 495, 459 | Resistance - 525, 550

Trading Range - The scrip opened at 470.00, moved up to an intra-day high of 504.55, declined to an intra-day low of 470.00 and closed at 504.55.

Review/Outlook - The scrip has reflected 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 Intnl

Last Close - 095.40 | Support - 093, 080 | Resistance - 097, 112

Trading Range - The scrip opened at 092.45, moved up to an intra-day high of 095.40, declined to an intra-day low of 091.50 and closed at 095.40.

Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Amara Raja

Last Close - 411.00 | Support - 402, 380 | Resistance - 424, 477

Trading Range - The scrip opened at 388.00, moved up to an intra-day high of 411.00, declined to an intra-day low of 388.00 and closed at 411.00.

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.

Daily Stock Track              

Scrip	Support	Last Close	Resistance	Trend
ACC	750, 724	768.55	793, 829	Td
DR. REDDY	610, 579	631.55	645, 669	Td
HLL [Get Quote]	183, 172	189.40	192, 203	Sd
INFOSYS [Get Quote]	1883, 1812	1951.05	1962, 2061	Tu
ITC	144, 136	150.70	155, 168	Dt
RIL [Get Quote]	1645, 1625	1660.15	1705, 1737	Sd
SATYAM [Get Quote]	475, 443	495.35	500, 538	Tu
SBI [Get Quote]	1332, 1304	1356.75	1362, 1425	Up
T MOTORS	635, 610	653.60	670, 698	Dt
TISCO [Get Quote]	570, 543	585.60	593, 617	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 even be having contrary positions in the stocks mentioned above.