Stock picks of the day

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

Trading Range - The Sensex opened at 13013.74, moved up to an intra-day high of 13193.13, declined to an intra-day low of 12861.35, and closed at 13159.55.

Review/Outlook - The Sensex has reflected some amount of indecision by staying within the previous sessions's trading range to come off its intra-day low to finally end in positive territory on distinctly lower volume. Volatility can be the order of the day, the positives of the last trading session might just spill over to today's trading session indicating the possibility of an intra-day upside especially above the 13193 level while resistance at the 13299 level is expected to provide the necessary resistance.

Trading Range - The scrip opened at 295.00, moved up to an intra-day high of 319.40, declined to an intra-day low of 295.00 and closed at 319.40.

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 102.00, moved up to an intra-day high of 105.55, declined to an intra-day low of 099.50 and closed at 104.75.

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 495.00, moved up to an intra-day high of 519.40, declined to an intra-day low of 495.00 and closed at 519.40.

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 085.00, moved up to an intra-day high of 087.35, declined to an intra-day low of 083.05 and closed at 084.75.

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.

Scrip	Support	Last Close	Resistance	Trend
ACC	856, 829	876.55	892, 924	Dt
DR. REDDY	645, 610	662.95	669, 689	Os
HLL	172, 163	176.00	183, 192	Dt
INFOSYS	2133, 2061	2153.45	2208, 2270	Dt
ITC	168, 155	172.50	180, 190	Td
RIL	1342, 1316	1366.75	1373, 1409	Sd
SATYAM	425, 406	435.05	443, 475	Dt
SBI	1050, 1000	1052.55	1100, 1135	Dt
T MOTORS	771, 749	789.25	811, 849	Dt
TISCO	437, 425	451.90	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.

DISCLAIMER : While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.

Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.