Stock picks of the day

The market hasn't been able to hold on to its early gains but has still managed to end the day mildly in positive territory. Capital Goods, PSU, Metals, Consumer Durables, IT, Pharma, Auto and Oil have ended positive in varying degrees while Banks and FMCG have ended in negative territory. Volume registered a clear decrease (read as turnover) while the undertone seemed bullish.

Sensex (Daily) 

Last Close - 12359.70 | Support - 12300, 12200 | Resistance - 12400, 12500

Trading Range - The Sensex opened at 12373.47, moved up to an intra-day high of 12443.54, declined to an intra-day low of 12304.59 and closed at 12359.70.

Review/Outlook - The Sensex has reflected some amount of indecision by staying within the previous session's trading range on noticeable lower volume.  The outlook continues to remain positive, as the bigger picture remains quite solid while the intra-day picture seems to be coming under some amount of pressure again while a range bound movement with no clear bias seems to be on the cards.     

Mather Platt. (Daily) 

Last Close - 142.00 | Support - 125, 087 | Resistance - 160, 183

Trading Range - The scrip opened at 115.00, moved up to an intra-day high of 142.00, declined to an intra-day low of 115.00 and closed at 142.00.

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. 

Godavari Fert. (Daily)

Last Close - 089.10 | Support - 084, 069 | Resistance - 093, 114

Trading Range - The scrip opened at 082.00, moved up to an intra-day high of 089.10, declined to an intra-day low of 081.00 and closed at 089.10.

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.

Rel Ind. Infr. (Daily)

Last Close - 676.40 | Support - 650, 600 | Resistance - 700, 750

Trading Range - The scrip opened at 673.90, moved up to an intra-day high of 676.40, declined to an intra-day low of 652.00 and closed at 676.40.

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. 

Sinclair Hotels (Daily)

Last Close - 193.75 | Support - 185, 131 | Resistance - 231, 275 

Trading Range - The scrip opened at 175.00, moved up to an intra-day high of 196.75, declined to an intra-day low of 166.30 and closed at 193.75.

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	987.65	1000, 1100	Tu
DR. REDDY	1600, 1500	1680.00	1700, 1800	Tu
HLL	281, 266	284.85	295, 305	Tu
INFOSYS	3155, 3074	3212.15	3250, 3543	Sd
ITC	190, 180	208.50	210, 225	Tu
RIL	1050, 1000	1099.50	1100, 1200	Up
SATYAM	770, 752	775.10	810, 830	Sd
SBI	950, 926	952.90	1000, 1050	Tu
T MOTORS	950, 900	968.00	999, 1050	Sd
TISCO	605, 550	640.75	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.