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. Banks, FMCG, Healthcare, PSU, Capital Goods, Healthcare, Consumer Durables, Auto, Metals & Oil have ended positive in varying degrees while the IT sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 14127.31 | Support - 14035, 13931 | Resistance - 14171, 14243

Trading Range - The Sensex opened at 13949.81, moved up to an intra-day high of 14159.36, declined to an intra-day low of 13936.88 and closed at 14127.31.      

Review/Outlook - The Sensex has reflected significant amount of strength and despite a positive opening, has received significant buying support to move up constructively to come off from its intra-day low and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a strong possibility) could come in above the 14159 level while some resistance comes in at higher levels (14262 � which could limit the upside) while a positive 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 13800 level.  

Action Const. (Daily)                                                  

Last Close - 254.90 | Support - 235, 204 | Resistance - 266, 305

Trading Range - The scrip opened at 244.05, moved up to an intra-day high of 254.90, declined to an intra-day low of 241.20 and closed at 254.90.

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.   

T V Today. (Daily)                                                     

Last Close - 151.65 | Support - 142, 121 | Resistance - 154, 175

Trading Range - The scrip opened at 139.40, moved up to an intra-day high of 151.65, declined to an intra-day low of 139.40 and closed at 151.65.

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.  

Network Fin. (Daily)

Last Close - 592.40 | Support - 563, 511 | Resistance - 600, 650

Trading Range - The scrip opened at 569.90, moved up to an intra-day high of 592.40, declined to an intra-day low of 567.00 and closed at 592.40.

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.     

Gmr Ind. (Daily)                                                      

Last Close - 133.55 | Support - 129, 113 | Resistance - 144, 183

Trading Range - The scrip opened at 128.80, moved up to an intra-day high of 133.55, declined to an intra-day low of 125.80 and closed at 133.55.

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.