Stock picks of the day

The market has actually moved in either direction, has come off its intra-day high and has finally ended the day in negative territory. Capital Goods, Auto, Consumer Durables, Healthcare & Metals have ended positive in varying degrees while Banks, FMCG, IT, Oil & PSU sector have ended in negative territory. Volume registered a nominal decrease (read as turnover) while the undertone seemed mixed.

Trading Range - The Sensex opened at 13873.03, moved up to an intra-day high of 13929.10, declined to an intra-day low of 13770.06 and closed at 13786.91.

Review/Outlook - The Sensex has finally reflected some amount of weakness by coming off a bit from its intra-day high by moving both ways to finally end distinctly in negative territory on marginally lower volume. Volatility can be the order of the day, the negatives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day downside (especially below the 13770 level) while support comes in at the 13742 level.

Trading Range - The scrip opened at 443.00, moved up to an intra-day high of 464.10, declined to an intra-day low of 442.00 and closed at 446.65.

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 264.70, moved up to an intra-day high of 267.20, declined to an intra-day low of 256.00 and closed at 267.20.

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.

Trading Range - The scrip opened at 206.00, moved up to an intra-day high of 223.10, declined to an intra-day low of 206.00 and closed at 223.10.

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.

Trading Range - The scrip opened at 167.30, moved up to an intra-day high of 175.15, declined to an intra-day low of 161.15 and closed at 175.05.

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	1061, 1022	1085.55	1110, 1155	Tu
DR. REDDY	795, 757	811.20	840, 877	Sd
HLL	216, 203	216.55	224, 240	Td
INFOSYS	2133, 2061	2240.50	2270, 2400	Tu
ITC	168, 155	175.95	180, 190	Sd
RIL	1241, 1195	1270.35	1293, 1350	Tu
SATYAM	475, 443	483.95	500, 538	Tu
SBI	1190, 1100	1245.90	1250, 1300	Sd
T MOTORS	888, 849	900.25	920, 944	Tu
TISCO	480, 466	482.30	500, 518	Tu

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.