The market has remained in a negative frame of mind, has come off its intra-day low and has finally ended the day deep in negative territory. Healthcare, Auto, Consumer Durables, Metals, Capital Goods, IT, Oil, Banks & PSU's have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a distinct increase (read as turnover) while the undertone seemed panicky.

Sensex (Daily)                                                                    

Last Close - 12529.62 | Support - 12461, 12308 | Resistance - 12546, 12622

Trading Range - The Sensex opened at 12694.36, moved up to an intra-day high of 12694.36, declined to an intra-day low of 12504.10, and closed at 12529.62.            

Review/Outlook - The Sensex has reflected significant amount of weakness by opening with a downward gap and has even gone ahead to accentuate this weakness further by declining virtually from open to close, has come off its intra-day high and has finally managed to end in negative territory on clearly higher volume. Volatility can be the order of the day, action could come in only above the 12694 level or below the 12504 while the intra-day charts would seem to indicate an intra-day recovery above the 12561 level while sustainability is the key issue � a close above the 12800 level would be the first positive.   

Unitech Ltd. (Daily)                                                 

Last Close - 403.30 | Support - 373, 314 | Resistance - 407, 452

Trading Range - The scrip opened at 374.40, moved up to an intra-day high of 403.30, declined to an intra-day low of 364.90 and closed at 403.30.

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. 

Auto Ind. (Daily)                                                

Last Close - 217.90 | Support - 191, 159  | Resistance - 230, 267

Trading Range - The scrip opened at 198.00, moved up to an intra-day high of 217.90, declined to an intra-day low of 198.00 and closed at 217.90.

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. 

Hind. Composites. (Daily)                                        

Last Close - 254.00 | Support - 236, 205 | Resistance - 255, 300

Trading Range - The scrip opened at 231.10, moved up to an intra-day high of 254.00, declined to an intra-day low of 217.00 and closed at 254.00.

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.  

Peninsula Land. (Daily)                                              

Last Close - 407.35 | Support - 404, 378 | Resistance - 453, 519

Trading Range - The scrip opened at 408.05, moved up to an intra-day high of 408.05, declined to an intra-day low of 369.25 and closed at 407.35.

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         

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.