Hot stocks of the day

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

Trading Range - The Sensex opened at 13771.69, moved up to an intra-day high of 13806.37, declined to an intra-day low of 13612.04 and closed at 13781.51.

Review/Outlook - The Sensex has reflected significant amount of strength by receiving a lot of buying support, hasn't been able to sustain itself at lower levels, has come off rather sharply from its intra-day low and has finally ended in positive territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 13807 level while some strong support comes in at lower levels (13700 � which could limit the downside) while an upward bias cannot be ruled out. The outlook seems to be turning better again while resistance comes in at the 14400+ level and support comes in at the 13700 level.

Trading Range - The scrip opened at 665.30, moved up to an intra-day high of 674.90, declined to an intra-day low of 652.55 and closed at 666.40.

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 157.90, moved up to an intra-day high of 161.05, declined to an intra-day low of 148.20 and closed at 161.05.

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 066.00, moved up to an intra-day high of 070.50, declined to an intra-day low of 065.50 and closed at 069.30.

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 098.90, moved up to an intra-day high of 101.20, declined to an intra-day low of 097.95 and closed at 101.20.

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	856, 829	875.70	892, 924	Up
DR. REDDY	689, 669	691.20	712, 733	Sd
HLL	183, 172	191.05	192, 203	Td
INFOSYS	1962, 1883	1980.55	2061, 2133	Td
ITC	155, 144	160.70	168, 180	Tu
RIL	1547, 1496	1597.10	1625, 1700	Up
SATYAM	443, 425	452.75	475, 500	Sd
SBI	1100, 1077	1122.90	1135, 1166	Sd
T MOTORS	722, 698	723.40	749, 771	Sd
TISCO	543, 518	562.20	570, 593	Up

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.