Stock picks of the day

The market has been able to hold on to its early gains to end the day smartly in positive territory. Capital Goods, Banks, Consumer Durables, PSU, Metals, IT and Oil have ended positive in varying degrees while Auto, Pharma and FMCG have ended in negative territory. Volume registered a marginal decrease (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 12612.38 | Support - 12600, 12500 | Resistance - 12700, 12800

Trading Range - The Sensex opened at 12546.93, moved up to an intra-day high of 12624.37, declined to an intra-day low of 12530.98 and closed at 12612.38.

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 on marginally lower volume.  The outlook continues to remain positive, as the bigger picture remains quite solid while the intra-day picture has also staged a smart comeback indicating the possibility of an intra-day upside especially above the 12625 level.        

Goodrick Grp. (Daily)

Last Close - 116.85 | Support - 114, 097 | Resistance - 129, 152

Trading Range - The scrip opened at 106.75, moved up to an intra-day high of 116.85, declined to an intra-day low of 105.50 and closed at 116.85.

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. 

Asian Elect. (Daily)

Last Close - 552.50 | Support - 550, 498 | Resistance - 575, 625

Trading Range - The scrip opened at 534.00, moved up to an intra-day high of 552.50, declined to an intra-day low of 531.50 and closed at 552.50.

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.

Zuari Ind. (Daily)

Last Close - 331.20 | Support - 315, 272 | Resistance - 350, 400

Trading Range - The scrip opened at 303.00, moved up to an intra-day high of 331.20, declined to an intra-day low of 303.00 and closed at 331.20.

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. 

Jayshree Tea (Daily)

Last Close - 197.80 | Support - 184, 144 | Resistance - 220, 260 

Trading Range - The scrip opened at 183.00, moved up to an intra-day high of 197.80, declined to an intra-day low of 183.00 and closed at 197.80.

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.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	950, 900	977.70	1000, 1100	Tu
DR. REDDY	1600, 1500	1640.60	1700, 1800	Tu
HLL	266, 252	279.85	281, 295	Tu
INFOSYS	3250, 3155	3255.20	3453, 3600	Tu
ITC	190, 180	205.05	210, 225	Tu
RIL	1100, 1000	1170.10	1200, 1300	Up
SATYAM	770, 752	783.65	810, 830	Sd
SBI	1000, 950	1001.25	1050, 1100	Tu
T MOTORS	950, 900	974.95	999, 1050	Tu
TISCO	605, 550	667.85	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.