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

Trading Range - The Sensex opened at 20403.91, moved up to an intra-day high of 20519.70, declined to an intra-day low of 20293.87 and closed at 20345.20.

Review/Outlook - The Sensex has had a mixed trading session, has had a weak opening, has moved both ways, has received selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 20320 level while support at lower levels (20238) - would limit the downside. The outlook has turned positive again while resistance comes in at the 21200+ level and support comes in at the 18833 level.

Trading Range - The scrip opened at 054.90, moved up to an intra-day high of 055.25, declined to an intra-day low of 051.00 and closed at 053.15.

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 672.75, moved up to an intra-day high of 672.75, declined to an intra-day low of 646.00 and closed at 672.75.

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 132.70, moved up to an intra-day high of 140.00, declined to an intra-day low of 127.40 and closed at 130.30.

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 335.00, moved up to an intra-day high of 364.55, declined to an intra-day low of 335.00 and closed at 364.55.

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	994, 965	1005.65	1025, 1099	Sd
DR. REDDY	712, 689	718.30	733, 760	Sd
HUL	216, 203	222.95	224, 240	Tu
INFOSYS [Get Quote]	1667, 1510	1713.00	1723, 1785	Sd
ITC	213, 193	214.50	240, 260	Up
RIL [Get Quote]	2805, 2724	2902.90	2929, 2960	Tu
SATYAM [Get Quote]	425, 406	426.45	443, 471	Sd
SBI [Get Quote]	2331, 2279	2396.15	2415, 2468	Sd
T MOTORS	771, 749	794.25	811, 849	Tu
TISCO [Get Quote]	924, 890	926.75	970, 1003	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 not only be having positions but could even be having contrary positions in the stocks mentioned above.