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January 25, 2008 09:43 IST

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. Capital Goods, Consumer Durables, FMCG, Auto, Metals, PSU, Banks, Healthcare, Oil, Realty & IT 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 confused.

Sensex (Daily)                                                                     

Last Close - 17221.74 | Support - 17184, 16869 | Resistance -17361, 17494

Trading Range - The Sensex opened at 17920.98, moved up to an intra-day high of 18185.10, declined to an intra-day low of 17070.75 and closed at 17221.74. 

Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has faced selling pressure at higher 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 17222 level while significant resistance at higher levels (18000) � would limit the upside. The outlook has turned negative again while resistance comes in at the 19200+ level and support comes in at the 16210 level.  

Rei Agro [Get Quote]. (Daily)                                                         

Last Close - 938.75 | Support - 894, 764 | Resistance - 1000, 1100

Trading Range - The scrip opened at 934.00, moved up to an intra-day high of 938.75, declined to an intra-day low of 885.00 and closed at 938.75.

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.   

Pidilite Ind. (Daily)                                                      

Last Close - 180.20 | Support - 153, 121 | Resistance - 184, 218

Trading Range - The scrip opened at 182.00, moved up to an intra-day high of 200.00, declined to an intra-day low of 176.10 and closed at 180.20.

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.   

Secu. Cap. Inv. (Daily)                                       

Last Close - 101.80 | Support - 096, 081 | Resistance - 111, 130

Trading Range - The scrip opened at 099.00, moved up to an intra-day high of 101.85, declined to an intra-day low of 094.05 and closed at 101.80.

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.       

Milkfood. (Daily)                                                     

Last Close - 419.00 | Support - 409, 382 | Resistance - 463, 520

Trading Range - The scrip opened at 422.05, moved up to an intra-day high of 422.05, declined to an intra-day low of 360.10 and closed at 419.00.

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

750, 724

752.00

778, 829

Sd

DR. REDDY

530, 487

567.20

579, 610

Sd

HUL

183, 172

187.60

192, 203

Dt

INFOSYS [Get Quote]

1385, 1325

1420.60

1425, 1457

Dt

ITC

180, 168

188.50

193, 213

Dt

RIL [Get Quote]

2426, 2309

2490.55

2539, 2615

Dt

SATYAM [Get Quote]

385, 366

400.05

406, 425

Dt

SBI [Get Quote]

2331, 2279

2345.90

2365, 2415

Dt

T MOTORS

635, 600

661.45

670, 698

Dt

T STEEL

670, 646

671.35

695, 731

Dt

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.

DISCLAIMER : While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.

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.  


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