Hot stocks of today

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

Trading Range - The Sensex opened at 13045.12, moved up to an intra-day high of 13298.52, declined to an intra-day low of 12800.91, and closed at 12938.09.

Review/Outlook - The Sensex has continued to reflect a significant amount of weakness by facing stiff resistance at higher levels after an extremely volatile trading session to continue its downmove and has finally ended in negative territory on distinctly higher volume. Volatility can be the order of the day, the negatives of the last trading session might just spill over to today's trading session indicating the possibility of an intra-day downside especially below the 12800 level while support at 12561 could lead to a late surge.

Trading Range - The scrip opened at 082.00, moved up to an intra-day high of 089.40, declined to an intra-day low of 082.00 and closed at 089.40.

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.

Trading Range - The scrip opened at 100.00, moved up to an intra-day high of 105.00, declined to an intra-day low of 099.05 and closed at 103.80.

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 088.00, moved up to an intra-day high of 091.90, declined to an intra-day low of 088.00 and closed at 091.90.

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 079.50, moved up to an intra-day high of 083.20, declined to an intra-day low of 079.25 and closed at 083.20.

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.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	892, 856	900.05	924, 979	Dt
DR. REDDY	669, 645	677.20	689, 712	Os
HLL	172, 163	176.15	183, 192	Dt
INFOSYS	2061, 1962	2078.35	2133, 2208	Dt
ITC	168, 155	171.85	180, 190	Td
RIL	1342, 1316	1354.60	1373, 1409	Sd
SATYAM	406, 385	412.50	425, 443	Dt
SBI	1000, 973	1039.15	1050, 1100	Dt
T MOTORS	771, 749	783.95	811, 849	Dt
TISCO	437, 425	442.50	452, 466	Sd

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.