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

Sensex

Last Close - 14501.08 | Support - 14454, 14325 | Resistance - 14524, 14620

Trading Range - The Sensex opened at 14478.75, moved up to an intra-day high of 14560.48, declined to an intra-day low of 14478.75 and closed at 14501.08.

Review/Outlook - The Sensex has had a rather indifferent trading session, has had a sedate opening, has decline after facing selling pressure at higher levels, has come off from its intra - day high and has finally ended marginally in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day downside (seems like a mild possibility) could come in only below the 14478 level while some support at lower levels (14424) - could limit the downside (if any). The outlook seems to have turned better again while resistance comes in at the 14679+ level and support comes in at the 14040 level.

Gvk Power

Last Close - 420.35 | Support - 410, 385 | Resistance - 437, 475

Trading Range - The scrip opened at 401.50, moved up to an intra-day high of 420.35, declined to an intra-day low of 400.00 and closed at 420.35.

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.

Gmr Industries

Last Close - 147.20 | Support - 144, 129 | Resistance - 183, 216

Trading Range - The scrip opened at 146.00, moved up to an intra-day high of 147.20, declined to an intra-day low of 146.00 and closed at 147.20.

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.

Simplex Real

Last Close - 210.00 | Support - 193, 160 | Resistance - 224, 260

Trading Range - The scrip opened at 209.50, moved up to an intra-day high of 210.00, declined to an intra-day low of 205.00 and closed at 210.00.

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.

Saregama Ind

Last Close - 304.60 | Support - 295, 253 | Resistance - 319, 357

Trading Range - The scrip opened at 292.25, moved up to an intra-day high of 304.60, declined to an intra-day low of 290.00 and closed at 304.60.

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

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.