Stock picks of the day

The market has opened with an upward gap, has managed to sustain at higher levels and has ended the day in positive territory. Oil, IT, Pharma, Capital Goods, FMCG, Metals and PSU's have ended positive in varying degrees while Banks, Consumer Durables and the Auto has ended in negative territory. Volume registered a significant increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 11307 | Support - 11300, 11200 | Resistance - 11400, 11500

Trading Range - The Sensex opened at 11242, moved up to an intra-day high of 11339, declined to an intra-day low of 11228 and closed at 11307.

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 on distinctly higher volume. The outlook continues to remain positive, as the bigger picture remains quite solid while the intra-day picture seems to have improved again and an intra-day upside cannot be ruled out - action could come in above the 11339 level.                                       

Binani Ind. (Daily)

Last Close - 104.80 | Support - 095, 077 | Resistance - 125, 162

Trading Range - The scrip opened at 104.80, moved up to an intra-day high of 104.80, declined to an intra-day low of 102.50 and closed at 104.80.

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. 

KLG Systel (Daily)

Last Close - 104.70 | Support - 091, 063 | Resistance - 107, 140

Trading Range - The scrip opened at 100.50, moved up to an intra-day high of 104.70, declined to an intra-day low of 100.50 and closed at 104.70.

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.

Ruby Mills (Daily)

Last Close - 308.80 | Support - 286, 256 | Resistance - 320, 367

Trading Range - The scrip opened at 295.45, moved up to an intra-day high of 308.80, declined to an intra-day low of 295.45 and closed at 308.80.

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. 

Riga Sugar. (Daily)

Last Close - 148.95 | Support - 128, 100 | Resistance - 149, 175 

Trading Range - The scrip opened at 147.90, moved up to an intra-day high of 149.15, declined to an intra-day low of 146.15 and closed at 148.95.

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	783.65	800, 850	Sd
DR. REDDY	1400, 1342	1418.70	1466, 1500	Tu
HLL	266, 252	273.25	281, 295	Tu
INFOSYS	2938, 2813	3035.00	3074, 3450	Tu
ITC	190, 180	198.85	210, 225	Up
RIL	775, 750	795.15	800, 850	Up
SATYAM	830, 810	845.65	886, 950	Tu
SBI	950, 926	965.50	1000, 1050	Up
T MOTORS	900, 850	907.80	950, 999	Td
TISCO	500, 466	522.25	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.