Stock picks of the day

The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in negative territory. Banks, Consumer Durables, Capital Goods, FMCG, Auto, Metals, Oil, PSU, Tech, Healthcare & Realty have ended negative in varying degrees while the IT sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 18715.82 | Support - 18537, 18327 | Resistance - 18833, 19174

Trading Range - The Sensex opened at 18037.90, moved up to an intra-day high of 18841.29, declined to an intra-day low of 17307.90 and closed at 18715.82. 

Review/Outlook - The Sensex has had a mixed trading session, has had a weak opening, has moved both ways, has received buying support at lower levels, has come off from its intra - day low and has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 18739 level while resistance at higher levels (19200) – would limit the upside. The outlook has turned bullish again while resistance comes in at the 20800+ level and support comes in at the 16800 level. 

STC. (Daily)                                                   

Last Close - 565.55 | Support - 539, 513 | Resistance - 575, 600

Trading Range - The scrip opened at 549.70, moved up to an intra-day high of 565.55, declined to an intra-day low of 511.75 and closed at 565.55.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.   

Kamanwala Hsg. (Daily)

Last Close - 136.80 | Support - 130, 111 |Resistance - 138, 158

Trading Range - The scrip opened at 123.80, moved up to an intra-day high of 136.80, declined to an intra-day low of 123.80 and closed at 136.80.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.   

Kaveri Tele. (Daily)

Last Close -  172.05 | Support - 152, 135 | Resistance - 177, 200

Trading Range -  The scrip opened at 160.00, moved up to an intra-day high of 172.05, declined to an intra-day low of 156.10 and closed at 172.05.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.       

Autolite Ind. (Daily)

Last Close - 105.55 | Support - 101, 088 | Resistance - 125, 150

Trading Range - The scrip opened at 098.00, moved up to an intra-day high of 105.90, declined to an intra-day low of 095.90 and closed at 105.55.

Review/Outlook -  The scrip has reflected strength by appreciating from its intra-day low 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	1192, 1155	1202.65	1220, 1265	Up
DR. REDDY	579, 524	606.20	610, 645	Dt
HUL	203, 192	208.50	216, 224	Td
INFOSYS	1883, 1834	1889.90	1962, 2009	Sd
ITC	180, 168	184.45	193, 213	Tu
RIL	2682, 2615	2690.30	2750, 2800	Up
SATYAM	443, 425	457.25	471, 496	Tu
SBI	1782, 1726	1828.50	1837, 1877	Up
T MOTORS	771, 749	808.25	811, 849	Up
TISCO	858, 820	869.10	890, 924	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.

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