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Sensex (Daily)
Last Close - 10282; Support - 10192, 10100; Resistance -10300, 10400
Trading Range: The Sensex opened at 10215, moved up to an intra-day high of 10296, declined to an intra-day low of 10109 and closed at 10282.
Review/Outlook: The Sensex has staged a smart recovery from lower levels to post an upward bar reversal on the daily chart but on lower volume and has also given an all time high closing. The outlook seems positive but with a huge event like the budget in the background, caution is advised due to the anticipated volatility while intra-day support comes in at the 10256 level.
Jain Irrigation (Daily)
Last Close - 235.40; Support - 233, 215; Resistance - 250, 299
Trading Range: The scrip opened at 223.85, moved up to an intra-day high of 238.00, declined to an intra-day low of 223.80 and closed at 235.40.
Review/Outlook: The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards.
Ansal Infra. (Daily)
Last Close - 520.15; Support - 500, 455; Resistance - 568, 620
Trading Range: The scrip opened at 483.50, moved up to an intra-day high of 520.15, declined to an intra-day low of 481.00 and closed at 520.15.
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.
Krone Comm. (Daily)
Last Close - 209.45; Support - 199, 176; Resistance - 218, 242
Trading Range: The scrip opened at 204.15, moved up to an intra-day high of 209.45, declined to an intra-day low of 190.00 and closed at 209.45.
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.
Integra Hind. (Daily)
Last Close - 317.80; Support - 296, 275; Resistance- 321, 359
Trading Range: The scrip opened at 317.00, moved up to an intra-day high of 317.80, declined to an intra-day low of 311.00 and closed at 317.80.
Review/Outlook: The scrip has reflected strength by moving up virtually from open to close 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 | 569, 542 | 596.45 | 610, 639 | Sd |
DR. REDDY | 1282, 1225 | 1315.75 | 1342, 1400 | Up |
HLL [Get Quote] | 224, 216 | 238.40 | 240, 252 | Up |
INFOSYS [Get Quote] | 2813, 2769 | 2849.75 | 2938, 3075 | Sd |
ITC | 155, 144 | 166.05 | 170, 190 | Up |
RIL [Get Quote] | 700, 675 | 700.10 | 725, 750 | Sd |
SATYAM [Get Quote] | 770, 752 | 781.90 | 810, 900 | Up |
SBI [Get Quote] | 871, 850 | 891.05 | 900, 926 | Tu |
T MOTORS | 750, 700 | 786.10 | 800, 850 | Sd |
TISCO [Get Quote] | 411, 390 | 421.65 | 425, 452 | Up |
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 be having positions in the stocks mentioned above.
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