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

Trading Range - The Sensex opened at 14467.85, moved up to an intra-day high of 14527.47, declined to an intra-day low of 14368.40 and closed at 14397.89.

Review/Outlook - The Sensex has reflected some amount of weakness, has had a rather strong opening, has faced significant selling pressure to come off from its intra-day high and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside (not much of clarity) could come in only below the 14368 level while some support at lower levels (14341) - which could limit the downside. The outlook seems to have turned slightly better again while resistance comes in at the 14500+ level and support comes in at the 13800 level.

Trading Range - The scrip opened at 423.95, moved up to an intra-day high of 461.70, declined to an intra-day low of 422.50 and closed at 461.70.

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 145.50, moved up to an intra-day high of 149.20, declined to an intra-day low of 143.00 and closed at 149.20.

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 347.45, moved up to an intra-day high of 360.45, declined to an intra-day low of 347.45 and closed at 355.90.

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 305.00, moved up to an intra-day high of 329.75, declined to an intra-day low of 305.00 and closed at 329.75.

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.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	856, 829	869.95	892, 924	Up
DR. REDDY	645, 610	654.15	669, 689	Os
HLL	192, 183	200.50	203, 216	Up
INFOSYS	1962, 1883	1964.65	2061, 2133	Tu
ITC	155, 144	166.10	168, 180	Tu
RIL	1705, 1645	1722.80	1750, 1780	Up
SATYAM	443, 425	469.00	475, 500	Tu
SBI	1304, 1281	1306.00	1332, 1379	Up
T MOTORS	722, 698	733.45	749, 771	Tu
TISCO	617, 593	626.00	646, 670	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.