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March 25, 2008 09:15 IST

The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in positive territory.

Oil, FMCG, IT, Auto, PSU, Capital Goods, Banks & Healthcare have ended positive in varying degrees while Metal, Realty & Consumer Durables have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.

Sensex (Daily)

Last Close | 15289.40; Support | 15037, 14732; Resistance | 15330, 15734

Trading Range: The Sensex opened at 15093.77, moved up to an intra-day high of 15351.31, declined to an intra-day low of 15056.09 and closed at 15289.40.

Review/Outlook: The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has received buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 15301 level while significant resistance at higher levels (15600) | 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.

Radico Khaitan [Get Quote] (Daily)

Last Close | 109.15; Support | 101, 076; Resistance | 112, 137

Trading Range: The scrip opened at 105.55, moved up to an intra-day high of 111.90, declined to an intra-day low of 105.50 and closed at 109.15.

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.

Northgate Tech. (Daily)

Last Close | 355.30; Support | 287, 232; Resistance | 371, 410

Trading Range: The scrip opened at 320.20, moved up to an intra-day high of 374.00, declined to an intra-day low of 315.00 and closed at 355.30.

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.

Sterling International (Daily)

Last Close | 183.35; Support | 161, 135; Resistance | 187, 221

Trading Range: The scrip opened at 186.85, moved up to an intra-day high of 190.70, declined to an intra-day low of 173.40 and closed at 183.35.

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.

Kirloskar Bros (Daily)

Last Close | 231.10; Support | 226, 182; Resistance | 240, 275

Trading Range: The scrip opened at 206.40, moved up to an intra-day high of 240.10, declined to an intra-day low of 206.40 and closed at 231.10.

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

805.15

829, 856

Sd

DR. REDDY

530, 487

564.90

579, 610

Tu

HUL

224, 216

235.00

240, 252

Sd

INFOSYS [Get Quote]

1325, 1273

1361.35

1385, 1425

Sd

ITC

180, 169

190.90

193, 213

Sd

RIL [Get Quote]

2154, 2074

2200.80

2274, 2309

Os

SATYAM [Get Quote]

385, 366

391.10

406, 425

Sd

SBI [Get Quote]

1624, 1539

1645.65

1760, 1802

Sd

T MOTORS

635, 600

662.35

670, 698

Sd

T STEEL

586, 557

592.45

614, 652

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.

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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