Stock picks for August 25

The market has posted another new high to finish once again on a strong footing in positive territory.

Banks, capital goods, consumer durables, pharma and PSUs all ended positive while it was the IT and FMCG sector which were mildly negative.

Volume registered an increase (read as turnover) while the undertone was bullish.

Sensex --Last Close: 4125.12 | Support: 4028, 3895 | Resistance: 4166, 4322

Trading Range -- The Sensex opened at 4146.56, moved up to an intra-day high of 4149.54, declined to an intra-day low of 4084.19 and closed at 4125.12.

Review/Outlook -- The Sensex has once again posted a new high (a 29 month high) while the intermediate uptrend goes from strength to strength -- a further upside seems to be on the cards while consumer durables and pharma sector are showing a fresh lease of life.

Gillette --Last Close: 534.65 | Support: 465, 381 | Resistance: 536, 640

Trading Range -- The scrip opened at 533.00, moved up to an intra-day high of 541.00, declined to an intra-day low of 519.30 and closed at 534.65.

Review/Outlook -- The scrip is in the midst of an intermediate as well as long-term uptrend and with the oscillators looking better, a further upside seems possible.

Ranbaxy --Last Close: 888.40 | Support: 865, 790 | Resistance: 925, 1000

Trading Range -- The scrip opened at 878.90, moved up to an intra-day high of 894.30, declined to an intra-day low of 878.90 and closed at 888.40.

Review/Outlook -- The scrip has commenced an intermediate uptrend and with the oscillators signalling a buy, a further upside cannot be ruled out.

Kochi Refineries --Last Close: 125.30 | Support: 121, 103 | Resistance: 146, 174

Trading Range -- The scrip opened at 120.25, moved up to an intra-day high of 126.50, declined to an intra-day low of 119.70 and closed at 125.30.

Review/Outlook -- The scrip has reflected strength by closing above a supply line and with the oscillators looking positive, further appreciation seems to be on the cards.

Hero Honda --Last Close: 278.60 | Support: 272, 254 | Resistance: 311, 330

Trading Range -- The scrip opened at 272.00, moved up to an intra-day high of 283.25, declined to an intra-day low of 272.00 and closed at 278.60.

Review/Outlook -- The scrip has reflected strength by giving an upward breakout from a consolidation phase and with the indicators looking strong, a further upside seems to be on the cards.

Stock Track

Scrip Support Last Close Resistance Trend ACC 203, 188 217.90 219, 243 Up HLL 183, 172 186.55 192, 203 Up  INFOSYS 3468, 2985 3646.00 3977, 4360 Tu  ITC 802, 759 811.85 882, 963 Up MTNL 124, 115 133.70 139, 157 Up RIL 374, 345 382.85 407, 452 Up SATYAM 199, 173 210.00 224, 253 Up SBI 415, 380 434.90 450, 488 Tu  TELCO 260, 232 262.85 284, 302 Up TISCO 231, 220 253.30 260, 295 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, CMP - Current Market Price, 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. 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 has no positions in the stocks mentioned above