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. Consumer Durables, Banks, Auto, Metals, FMCG, IT, PSU, Oil, Capital Goods & Healthcare have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a distinct decrease (read as turnover) while the undertone seemed mixed.

Trading Range - The Sensex opened at 13018.21, moved up to an intra-day high of 13111.87, declined to an intra-day low of 12984.13, and closed at 13072.10.

Review/Outlook - The Sensex has finally recovered from a slight oversold situation after receiving reasonable support at lower levels, has come off from its intra-day low and has finally ended the day in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside is obviously a formality while a gap down opening is going to sink sentiment to newer lows while the outlook has turned negative again while the 12800 level is expected to be the trend decider for the time being.

Trading Range - The scrip opened at 396.40, moved up to an intra-day high of 403.70, declined to an intra-day low of 384.55 and closed at 387.35.

Review/Outlook - The scrip has reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Trading Range - The scrip opened at 119.00, moved up to an intra-day high of 119.85, declined to an intra-day low of 113.10 and closed at 113.40.

Review/Outlook - The scrip has reflected reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Trading Range - The scrip opened at 252.45, moved up to an intra-day high of 252.45, declined to an intra-day low of 232.20 and closed at 234.65.

Review/Outlook - The scrip has reflected reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Trading Range - The scrip opened at 366.00, moved up to an intra-day high of 366.00, declined to an intra-day low of 361.00 and closed at 361.85.

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	724, 697	734.65	750, 796	Sd
DR. REDDY	712, 689	727.50	733, 757	Sd
HLL	203, 192	205.25	216, 224	Tu
INFOSYS	1962, 1883	2012.60	2061, 2133	Td
ITC	144, 136	150.40	155, 168	Sd
RIL	1342, 1316	1368.35	1373, 1409	Sd
SATYAM	443, 425	470.10	475, 500	Tu
SBI	973, 950	992.90	1000, 1050	Sd
T MOTORS	722, 698	727.75	749, 771	Dt
TISCO	437, 425	449.60	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.