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May 15, 2007 09:56 IST

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

Sensex (Daily)

Last Close - 13965.86 | Support - 13931, 13857 | Resistance - 14035, 14171

Trading Range - The Sensex opened at 13954.41, moved up to an intra-day high of 14026.02, declined to an intra-day low of 13924.02 and closed at 13965.86.

Review/Outlook - The Sensex has reflected some minor weakness and despite a strong opening, has received significant selling pressure to give up some of its gains to come off from its intra-day high and has finally ended in positive territory on lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 13924 level while some support comes in at lower levels (13864 � which could limit the downside) while a mixed bias cannot be ruled out. The outlook seems to be turning better again while resistance comes in at the 14400+ level and support comes in at the 13600 level.

Ansal Infra. (Daily)

Last Close - 337.50 | Support - 290, 258 | Resistance - 364, 408

Trading Range - The scrip opened at 327.70, moved up to an intra-day high of 343.00, declined to an intra-day low of 317.00 and closed at 337.50.

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.

Sh. Ashtavinayak. (Daily)

Last Close - 181.40 | Support - 177, 157 | Resistance - 228, 269

Trading Range - The scrip opened at 179.10, moved up to an intra-day high of 183.50, declined to an intra-day low of 172.00 and closed at 181.40.

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.

Global Board. (Daily)

Last Close - 700.00 | Support - 680, 642 | Resistance - 724, 750

Trading Range - The scrip opened at 678.00, moved up to an intra-day high of 705.90, declined to an intra-day low of 670.10 and closed at 700.00.

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.

Ind. Inv. Trust. (Daily)

Last Close - 103.25 | Support - 089, 060 | Resistance - 105, 124

Trading Range - The scrip opened at 095.90, moved up to an intra-day high of 103.50, declined to an intra-day low of 095.90 and closed at 103.25.

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

856, 829

867.40

892, 924

Up

DR. REDDY

645, 610

651.25

669, 689

Td

HLL

192, 183

192.05

203, 216

Td

INFOSYS

1962, 1883

2002.20

2061, 2133

Sd

ITC

155, 144

162.00

168, 180

Tu

RIL

1547, 1496

1620.90

1625, 1700

Up

SATYAM

443, 425

461.40

475, 500

Sd

SBI

1190, 1166

1205.75

1225, 1281

Up

T MOTORS

698, 670

714.00

722, 749

Sd

TISCO

570, 543

591.00

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.
 

 

 


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