Hot stocks of the day

The market has remained in a positive state of mind, has come off its intra-day low and has finally ended the day in positive territory. Banks, Capital Goods, Healthcare, IT, Auto, Consumer Durables, FMCG, Metal, Oil & PSU's have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Trading Range - The Sensex opened at 14963.53, moved up to an intra-day high of 15112.22, declined to an intra-day low of 14963.53 and closed at 15092.04.

Review/Outlook - The Sensex has had a positive trading session, has had a strong opening, has appreciated after receiving buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a formality) could come in above the 15112 level while some resistance at higher levels (15200) - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 15500+ level and support comes in at the 14600 level.

Trading Range - The scrip opened at 135.85, moved up to an intra-day high of 147.25, declined to an intra-day low of 135.00 and closed at 147.25.

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.

Trading Range - The scrip opened at 250.20, moved up to an intra-day high of 271.30, declined to an intra-day low of 249.00 and closed at 271.30.

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

Trading Range - The scrip opened at 161.70, moved up to an intra-day high of 165.30, declined to an intra-day low of 153.00 and closed at 162.65.

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

Trading Range - The scrip opened at 480.00, moved up to an intra-day high of 497.10, declined to an intra-day low of 474.00 and closed at 497.10.

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.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	1057, 994	1072.40	1075, 1099	Up
DR. REDDY	669, 645	682.20	689, 712	Up
HLL [Get Quote]	203, 192	205.75	216, 224	Up
INFOSYS [Get Quote]	1883, 1812	1921.75	1962, 2009	Sd
ITC	144, 136	152.80	155, 168	Td
RIL [Get Quote]	1705, 1645	1718.90	1737, 1779	Tu
SATYAM [Get Quote]	475, 443	479.65	500, 538	Sd
SBI [Get Quote]	1550, 1531	1557.45	1591, 1625	Sd
T MOTORS	722, 698	739.50	749, 771	Up
TISCO [Get Quote]	670, 646	672.25	695, 710	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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Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.