Stock picks of the day

The market has had a decent opening but has moved up from open to close to end the day sharply in positive territory. Banks, Capital Goods, Consumer Durables, FMCG, Metals, Oil, Pharma, IT, Auto and PSU's have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a minor increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 11938.53 | Support - 11931, 11826 | Resistance - 12000, 12100

Trading Range - The Sensex opened at 11677.05, moved up to an intra-day high of 11965.09, declined to an intra-day low of 11635.40 and closed at 11938.53.

Review/Outlook - The Sensex has shown a significant amount of resilience to stage a smart comeback without breaching the previous day's low and reassuringly enough on better volume. The outlook continues to remain positive, as the bigger picture remains quite solid while the intra-day picture seems to be turning positive again while an intra-day upside above the 11965 level can not be ruled out.             

Mangalam. Cem. (Daily)

Last Close - 195.65 | Support - 175, 141 | Resistance - 200, 250

Trading Range - The scrip opened at 186.15, moved up to an intra-day high of 195.65, declined to an intra-day low of 185.00 and closed at 195.65.

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. 

Zenith Info. (Daily)

Last Close - 206.00 | Support - 200, 175 | Resistance - 250, 300

Trading Range - The scrip opened at 202.55, moved up to an intra-day high of 206.00, declined to an intra-day low of 202.55 and closed at 206.00.

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.

Siel Ltd. (Daily)

Last Close - 067.40 | Support - 064, 051 | Resistance - 081, 113

Trading Range - The scrip opened at 060.60, moved up to an intra-day high of 067.40, declined to an intra-day low of 060.60 and closed at 067.40.

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. 

Orient Cont. (Daily)

Last Close - 091.65 | Support - 090, 076 | Resistance - 102, 125 

Trading Range - The scrip opened at 088.00, moved up to an intra-day high of 091.65, declined to an intra-day low of 088.00 and closed at 091.65.

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	950, 900	968.15	1000, 1100	Sd
DR. REDDY	1400, 1342	1456.05	1466, 1500	Td
HLL	281, 266	289.15	295, 305	Sd
INFOSYS	3155, 3074	3227.50	3250, 3453	Sd
ITC	190, 180	201.40	210, 225	Td
RIL	950, 900	977.85	1000, 1050	Up
SATYAM	770, 752	777.20	810, 830	Os
SBI	900, 871	909.50	926, 950	Os
T MOTORS	950, 900	958.40	999, 1050	Sd
TISCO	605, 550	654.20	700, 800	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.