Hot stocks of the day

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

Trading Range - The Sensex opened at 14277.61, moved up to an intra-day high of 14326.55, declined to an intra-day low of 14112.53 and closed at 14162.71.

Review/Outlook - The Sensex has reflected significant amount of strength, has had a rather positive opening, but hasn't been able to sustain after facing strong selling pressure and has come off from its intra- day high, has finally ended in negative territory on marginally lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 14190 level while stiff resistance at higher levels (14269) - would limit the upside. The outlook seems to have turned shaky again while resistance comes in at the 14480+ level and support comes in at the 13953 level.

Trading Range - The scrip opened at 709.40, moved up to an intra-day high of 728.40, declined to an intra-day low of 702.00 and closed at 728.40.

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 200.50, moved up to an intra-day high of 207.80, declined to an intra-day low of 198.75 and closed at 207.80.

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 275.90, moved up to an intra-day high of 284.20, declined to an intra-day low of 275.05 and closed at 282.50.

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 688.00, moved up to an intra-day high of 697.20, declined to an intra-day low of 676.00 and closed at 697.20.

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	793, 750	819.55	829, 856	Sd
DR. REDDY	610, 579	632.40	645, 669	Tu
HLL [Get Quote]	183, 172	187.05	192, 203	Td
INFOSYS [Get Quote]	1962, 1883	2009.35	2061, 2133	Up
ITC	144, 136	152.30	155, 168	Dt
RIL [Get Quote]	1645, 1625	1680.00	1705, 1737	Sd
SATYAM [Get Quote]	475, 443	483.00	500, 538	Tu
SBI [Get Quote]	1304, 1281	1323.65	1332, 1362	Sd
T MOTORS	635, 610	650.40	670, 698	Dt
TISCO [Get Quote]	593, 570	600.10	617, 646	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.