The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in negative territory. Banks, Capital Goods, IT, Auto, Oil, PSU, Metal, Realty, Consumer Durables, FMCG & Healthcare have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed shaky.
Sensex
Last Close - 15644.44 | Support - 15330, 15037 | Resistance - 15734, 15956
Trading Range - The Sensex opened at 16226.66, moved up to an intra-day high of 16226.66, declined to an intra-day low of 15563.15 and closed at 15644.44.
Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved just one way, has faced selling pressure even at lower levels, has come off from its intra - day high and has finally ended sharply in negative territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15662 level while significant resistance at higher levels (15800) - would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 14700 level.
Foods & Inns
Last Close - 316.45 | Support - 299, 241 | Resistance - 345, 424
Trading Range - The scrip opened at 295.00, moved up to an intra-day high of 325.80, declined to an intra-day low of 272.00 and closed at 316.45.
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.
Tilaknagar Ind
Last Close - 147.45 | Support - 134, 101 | Resistance - 154, 205
Trading Range - The scrip opened at 136.00, moved up to an intra-day high of 147.45, declined to an intra-day low of 136.00 and closed at 147.45.
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.
Zodiac Cloth
Last Close - 451.00 | Support - 424, 364 | Resistance - 480, 540
Trading Range - The scrip opened at 420.00, moved up to an intra-day high of 451.00, declined to an intra-day low of 420.00 and closed at 451.00.
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.
Sh. Precoated
Last Close - 180.00 | Support - 163, 137 | Resistance - 186, 240
Trading Range - The scrip opened at 174.00, moved up to an intra-day high of 180.00, declined to an intra-day low of 174.00 and closed at 180.00.
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
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
778, 750 |
826.10 |
829, 856 |
Tu |
|
DR. REDDY |
579. 530 |
590.95 |
610, 645 |
Tu |
|
HUL |
224, 216 |
228.70 |
240, 252 |
Up |
|
INFOSYS |
1425, 1385 |
1430.15 |
1457, 1510 |
Sd |
|
ITC |
193, 180 |
206.35 |
213, 227 |
Tu |
|
RIL |
2154, 2074 |
2264.50 |
2274, 2309 |
Sd |
|
SATYAM |
385, 366 |
394.55 |
406, 425 |
Sd |
|
SBI |
1539, 1472 |
1598.85 |
1624, 1760 |
Sd |
|
T MOTORS |
600, 567 |
623.45 |
635, 670 |
Sd |
|
T STEEL |
670, 652 |
693.15 |
695, 731 |
Td |
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 not only be having positions but could even be having contrary positions in the stocks mentioned above.