Sensex (Daily)

Last Close - 17491.39 | Support � 17361, 17188| Resistance � 17494, 17953

Trading Range - The Sensex opened at 17901.94, moved up to an intra-day high of 17982.59, declined to an intra-day low of 17322.14 and closed at 17491.39. 

Review/Outlook - The Sensex has had a mixed trading session, has had a good opening, has moved both ways, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 17322 level while support at lower levels (17144) � would limit the downside. The outlook has turned bullish again while resistance comes in at the 19200+ level and support comes in at the 16800 level. 

Panch. Steel. (Daily)    

Last Close - 310.50 | Support � 275, 228 | Resistance - 325, 350

Trading Range - The scrip opened at 255.00, moved up to an intra-day high of 318.00, declined to an intra-day low of 225.10 and closed at 310.50.

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

Ifb Agro. (Daily)

Last Close - 098.85 | Support � 095, 077 | Resistance - 102, 116

Trading Range - The scrip opened at 098.90, moved up to an intra-day high of 100.10, declined to an intra-day low of 094.00 and closed at 098.85.

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

Pan Packaging. (Daily)

Last Close - 428.85 | Support - 408, 375| Resistance - 450, 500

Trading Range - The scrip opened at 418.00, moved up to an intra-day high of 428.85, declined to an intra-day low of 417.00 and closed at 428.85.

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

Birla Kenna. (Daily)

Last Close - 550.25 | Support - 550, 500 | Resistance - 600, 650

Trading Range - The scrip opened at 534.90, moved up to an intra-day high of 560.00, declined to an intra-day low of 520.30 and closed at 550.25.

Review/Outlook - The scrip has reflected strength by appreciating 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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