The market has remained rather lacklustre, has come off its intra-day low and has finally ended the day in positive territory. FMCG, Consumer Durables, Metals, Auto, IT, Capital Goods, Healthcare & PSU's have ended positive in varying degrees while Banks & Oil have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed hopeful.
Sensex (Daily)
Last Close - 14209.24 | Support - 14171, 14035 | Resistance - 14243, 14325
Trading Range - The Sensex opened at 14217.80, moved up to an intra-day high of 14259.07, declined to an intra-day low of 14111.75 and closed at 14209.24.
Review/Outlook - The Sensex has reflected near term indecision by staying within the previous session's trading range to come off from its intra-day low and has finally ended in positive territory on distinctly lower volume. Volatility can be the order of the day, the positives of the last trading session might just spill over to today's trading session indicating the possibility of a minor intra-day upside especially above the 14259 level while support comes in at the 14140 level.
Godavari Fert. (Daily)
Last Close - 125.15 | Support - 114, 093 | Resistance - 135, 170
Trading Range - The scrip opened at 121.00, moved up to an intra-day high of 125.80, declined to an intra-day low of 116.30 and closed at 125.15.
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.
Dhanuka Pest. (Daily)
Last Close - 136.40 | Support - 131, 097 | Resistance - 139, 170
Trading Range - The scrip opened at 128.00, moved up to an intra-day high of 136.40, declined to an intra-day low of 126.50 and closed at 136.40.
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.
Stock picks of the day
Diamond Cabl. (Daily)Last Close - 162.25 | Support - 150, 127 | Resistance - 175, 200
Trading Range - The scrip opened at 157.25, moved up to an intra-day high of 162.25, declined to an intra-day low of 156.50 and closed at 162.25.
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.
Hov Services. (Daily)
Last Close - 247.85 | Support - 245, 222 | Resistance - 275, 300
Trading Range - The scrip opened at 244.95, moved up to an intra-day high of 247.85, declined to an intra-day low of 236.25 and closed at 247.85.
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.
Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.
