The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in negative territory. Banks, FMCG, Healthcare & Auto have ended positive in varying degrees while Capital Goods, Auto, Metal, PSU, Oil, Banks, Consumer Durables, IT & Realty have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed shaky.
Sensex
Last Close - 17578.72 | Support - 17494, 17292 | Resistance - 17711, 17983
Trading Range - The Sensex opened at 17779.54, moved up to an intra-day high of 17779.54, declined to an intra-day low of 17258.20 and closed at 17578.72.
Review/Outlook - The Sensex has had a mixed trading session, has had a negative 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 negative territory on higher volume. Volatility can be the order of the day; an intra-day downside (seems like a distinct possibility) could come in below the 17569 level while significant support at lower levels (17184) - would limit the downside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 16200 level.
Mercator Lines
Last Close - 100.85 | Support - 093, 076 | Resistance - 111, 143
Trading Range - The scrip opened at 102.00, moved up to an intra-day high of 103.20, declined to an intra-day low of 094.15 and closed at 100.85.
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.
Zodiac Cloth
Last Close - 555.75 | Support - 539, 503 | Resistance - 569, 629
Trading Range - The scrip opened at 540.00, moved up to an intra-day high of 555.75, declined to an intra-day low of 536.10 and closed at 555.75.
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.
Prakash Ind
Last Close - 285.00 | Support - 259, 232 | Resistance - 301, 352
Trading Range - The scrip opened at 279.00, moved up to an intra-day high of 292.95, declined to an intra-day low of 265.90 and closed at 285.00.
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.
Vakrangee Soft
Last Close - 243.65 | Support - 239, 217 | Resistance - 285, 310
Trading Range - The scrip opened at 238.45, moved up to an intra-day high of 249.20, declined to an intra-day low of 230.10 and closed at 243.65.
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 |
792.70 |
829, 856 |
Sd |
|
DR. REDDY |
579, 530 |
582.65 |
610, 645 |
Tu |
|
HUL |
224, 216 |
227.35 |
240, 252 |
Tu |
|
INFOSYS |
1510, 1457 |
1546.85 |
1667, 1723 |
Sd |
|
ITC |
193, 180 |
202.15 |
213, 227 |
Tu |
|
RIL |
2426, 2309 |
2458.25 |
2539, 2615 |
Sd |
|
SATYAM |
425, 406 |
434.15 |
443, 475 |
Sd |
|
SBI |
2105, 2050 |
2109.70 |
2180, 2279 |
Sd |
|
T MOTORS |
698, 670 |
700.25 |
722, 749 |
Sd |
|
T STEEL |
762, 731 |
801.55 |
820, 858 |
Sd |
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.