Stock picks 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. Psu, Capital Goods, Consumer Durables, Healthcare, Metals, Banks & Auto have ended positive in varying degrees while FMCG, IT, Oil & Realty have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed stable.

Trading Range - The Sensex opened at 15036.57, moved up to an intra-day high of 15228.82, declined to an intra-day low of 14888.12 and closed at 15167.82.

Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved both ways, has faced buying support at lower levels, has come off 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 formality) could come in above the 15169 level while significant resistance at higher levels (15440) - would limit the upside. The outlook has turned positive again while resistance comes in at the 15300+ level and support comes in at the 12780 level.

Trading Range - The scrip opened at 240.00, moved up to an intra-day high of 252.60, declined to an intra-day low of 240.00 and closed at 252.60.

Review/Outlook - The scrip has reflected strength by appreciating 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 132.00, moved up to an intra-day high of 136.15, declined to an intra-day low of 128.00 and closed at 136.15.

Review/Outlook - The scrip has reflected strength by appreciating 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 262.90, moved up to an intra-day high of 274.00, declined to an intra-day low of 262.35 and closed at 268.95.

Review/Outlook - The scrip has reflected strength by appreciating 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 145.00, moved up to an intra-day high of 146.80, declined to an intra-day low of 145.00 and closed at 146.80.

Review/Outlook - The scrip has reflected strength by appreciating 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	615, 573	629.45	656, 697	Up
DR. REDDY	610, 579	625.35	645, 689	Tu
HUL	240, 224	242.05	252, 266	Up
INFOSYS [Get Quote]	1667, 1599	1679.85	1723, 1785	Tu
ITC	180, 169	190.70	193, 13	Up
RIL [Get Quote]	2180, 2115	2250.45	2274, 2309	Tu
SATYAM [Get Quote]	406, 385	409.00	443, 475	Tu
SBI [Get Quote]	1472, 1418	1521.85	1539, 1564	Up
T MOTORS	422, 390	443.45	448, 472	Tu
T STEEL	642, 615	651.20	672, 695	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 not only be having positions but could even be having contrary positions in the stocks mentioned above.