Stock picks of the day

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

Trading Range - The Sensex opened at 12909.57, moved up to an intra-day high of 13150.35, declined to an intra-day low of 12843.79 and closed at 13111.85.

Review/Outlook - The Sensex has had a solid trading session, has had a positive opening, has moved just one way, has faced buying support even at higher levels, has come off from its intra - day low and has finally ended sharply in positive territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 13119 level while significant resistance at higher levels (13270) - would limit the upside. The outlook has turned negative again while resistance comes in at the 14700+ level and support comes in at the 12316 level.

Trading Range - The scrip opened at 205.00, moved up to an intra-day high of 210.25, declined to an intra-day low of 200.00 and closed at 210.25.

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 059.50, moved up to an intra-day high of 064.45, declined to an intra-day low of 059.15 and closed at 064.45.

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 146.00, moved up to an intra-day high of 151.95, declined to an intra-day low of 140.90 and closed at 151.95.

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 914.00, moved up to an intra-day high of 921.00, declined to an intra-day low of 905.35 and closed at 913.60.

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.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	520, 484	538.80	573, 615	Td
DR. REDDY	610, 579	639.60	645, 689	Td
HUL	216, 203	219.80	224, 240	Sd
INFOSYS [Get Quote]	1510, 1457	1582.85	1667, 1723	Td
ITC	155, 140	167.45	169, 180	Dt
RIL [Get Quote]	1999, 1915	2015.55	2079, 2115	Dt
SATYAM [Get Quote]	406, 385	414.05	425, 443	Dt
SBI [Get Quote]	1202, 1146	1227.05	1258, 1302	Td
T MOTORS	390, 367	411.55	422, 448	Sd
T STEEL	586, 557	607.40	614, 642	Sd

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.