Market Review for Muhurat Trading

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

Sensex (Daily)

Last Close - 19058.93 | Support -18883, 18327 | Resistance -19276, 19621

Trading Range - The Sensex opened at 19110.40, moved up to an intra-day high of 19209.91, declined to an intra-day low of 18917.40 and closed at 19058.93.

Review/Outlook - The Sensex has had a mixed trading session, has had a weak 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 clearly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 19081 level while resistance at higher levels (19301) � would limit the upside. The outlook has turned bullish again while resistance comes in at the 21200+ level and support comes in at the 18833 level.