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. Healthcare, FMCG, IT, Metal, Oil, Auto, Capital Goods & PSU have ended positive in varying degrees while Banks, Consumer Durables & Realty have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.
Sensex (Daily)
Last Close - 14421.82 | Support - 14046, 13810 | Resistance - 14431, 14732
Trading Range - The Sensex opened at 14300.72, moved up to an intra-day high of 14449.81, declined to an intra-day low of 14196.68 and closed at 14421.82.
Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has faced buying support at lower levels, has come off from its intra - day low and has finally ended in positive 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 14415 level while significant support at lower levels (14100) - would limit the downside. The outlook has turned weak again while resistance comes in at the 14700+ level and support comes in at the 12300 level.
Reliance Pet. (Daily)
Last Close - 173.55 | Support - 162, 147 | Resistance - 184, 206
Trading Range - The scrip opened at 172.00, moved up to an intra-day high of 174.45, declined to an intra-day low of 170.55 and closed at 173.55.
Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.
Purvankara Ltd. (Daily)
Last Close - 170.35 | Support - 156, 140 | Resistance - 179, 198
Trading Range - The scrip opened at 200.00, moved up to an intra-day high of 200.00, declined to an intra-day low of 164.15 and closed at 170.35.
Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.
Ntpc. (Daily)
Last Close - 155.70 | Support - 155, 141 | Resistance - 169, 184
Trading Range - The scrip opened at 159.00, moved up to an intra-day high of 159.00, declined to an intra-day low of 151.70 and closed at 155.70.
Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.
Cesc Limited. (Daily)
Last Close - 409.90 | Support - 398, 373 | Resistance - 419, 443
Trading Range - The scrip opened at 400.00, moved up to an intra-day high of 412.00, declined to an intra-day low of 391.00 and closed at 409.90.
Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.
Daily Stock Track
|
Scrip |
Support |
Last Close |
Resistance |
Trend |
|
ACC |
573, 520 |
599.65 |
615, 656 |
Dt |
|
DR. REDDY |
645, 610 |
653.20 |
689, 712 |
Dt |
|
HUL |
203, 192 |
212.15 |
216, 224 |
Dt |
|
INFOSYS |
1723, 1667 |
1781.85 |
1785, 1834 |
Td |
|
ITC |
180, 169 |
191.35 |
193, 213 |
Dt |
|
RIL |
2180, 2115 |
2239.25 |
2274, 2309 |
Dt |
|
SATYAM |
443, 425 |
459.80 |
475, 493 |
Td |
|
SBI |
1202, 1146 |
1216.25 |
1258, 1302 |
Dt |
|
T MOTORS |
483, 465 |
489.45 |
506, 535 |
Dt |
|
T STEEL |
731, 695 |
757.10 |
762, 820 |
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.
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