Stock picks of the day

The market has staged a superb intra-day rally to sustain itself at higher levels and has ended the day in positive territory. Banks, Pharma, Auto, Capital Goods, FMCG, Metals, Oil and PSU's have ended positive in varying degrees while Consumer Durables and IT have ended in negative territory. Volume registered a huge increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 11079 | Support - 10947, 10884 | Resistance - 11100, 11200

Trading Range - The Sensex opened at 10996, moved up to an intra-day high of 11101, declined to an intra-day low of 10996 and closed at 11079.

Review/Outlook - The Sensex has once again created history to not only post a fresh all time high but has also given an all time high closing and that too on significantly higher volume. The outlook continues to remain positive, as the bigger picture remains quite solid while the heaviness on the intra-day charts seems to have retreated rather gracefully and an intra-day upside above the 11101 level cannot be ruled out.                                    

Shree Cement. (Daily)

Last Close - 890.60 | Support - 850, 803 | Resistance - 900, 950

Trading Range - The scrip opened at 862.00, moved up to an intra-day high of 890.60, declined to an intra-day low of 850.00 and closed at 890.60.

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. 

TIL Ltd. (Daily)

Last Close - 259.35 | Support - 250, 194 | Resistance - 301, 350

Trading Range - The scrip opened at 254.00, moved up to an intra-day high of 259.35, declined to an intra-day low of 254.00 and closed at 259.35.

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.

Kirloskar Pneum. (Daily)

Last Close - 357.40 | Support - 350, 300 | Resistance - 400, 450

Trading Range - The scrip opened at 345.00, moved up to an intra-day high of 357.40, declined to an intra-day low of 345.00 and closed at 357.40.

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. 

Himadri Chem. (Daily)

Last Close - 123.60 | Support - 119, 094 | Resistance - 136, 168 

Trading Range - The scrip opened at 123.60, moved up to an intra-day high of 123.60, declined to an intra-day low of 122.10 and closed at 123.60.

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	750, 724	784.85	800, 850	Sd
DR. REDDY	1400, 1342	1450.80	1466, 1500	Tu
HLL	266, 252	268.55	281, 295	Tu
INFOSYS	2813, 2769	2881.65	2938, 3074	Tu
ITC	190, 180	192.70	210, 225	Up
RIL	775, 750	794.15	800, 850	Up
SATYAM	810, 770	823.65	830, 886	Sd
SBI	950, 926	987.20	1000, 1050	Up
T MOTORS	900, 850	901.35	950, 999	Td
TISCO	500, 466	518.00	550, 605	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.