How 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. Banks, Consumer Durables, FMCG & Metals have ended positive in varying degrees while Capital Goods, Healthcare, Auto, PSU, IT & Oil have ended in negative territory. Volume registered a clear increase (read as turnover) while the undertone seemed weak.

Trading Range - The Sensex opened at 13823.36, moved up to an intra-day high of 13976.79, declined to an intra-day low of 13745.23 and closed at 13771.23.

Review/Outlook - The Sensex has reflected some surprising weakness and despite a gap up opening, has run into significant selling pressure to give up all its gains to come off sharply from its intra-day high finally ended in negative territory on higher volume. Volatility can be the order of the day; an intra-day downside (seems like a distinct possibility) could come in below the 13745 level while some strong support comes in at lower levels (13600 � which could limit the downside) while a negative bias cannot be ruled out. The outlook seems to be turning shaky again while resistance comes in at the 14400+ level and support comes in at the 13600 level.

Trading Range - The scrip opened at 115.00, moved up to an intra-day high of 121.85, declined to an intra-day low of 115.00 and closed at 121.85.

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.

Trading Range - The scrip opened at 165.00, moved up to an intra-day high of 169.10, declined to an intra-day low of 163.25 and closed at 168.85.

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 237.50, moved up to an intra-day high of 242.20, declined to an intra-day low of 234.25 and closed at 242.20.

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 104.00, moved up to an intra-day high of 106.25, declined to an intra-day low of 104.00 and closed at 106.25.

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	875.25	892, 924	Up
DR. REDDY	689, 669	689.70	712, 733	Td
HLL	183, 172	190.00	192, 203	Td
INFOSYS	1962, 1883	1972.50	2061, 2133	Td
ITC	155, 144	163.45	168, 180	Tu
RIL	1547, 1496	1581.40	1625, 1700	Up
SATYAM	443, 425	456.15	475, 500	Sd
SBI	1100, 1077	1123.50	1135, 1166	Sd
T MOTORS	698, 670	714.45	722, 749	Sd
TISCO	570, 543	576.25	593, 617	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.

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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.