Stock picks of the day

The market has not only crossed the previous day's high but has also breached the previous day's low and has ended the day in positive territory. Consumer Durables, Banks, Capital Goods, Oil and IT and have ended negative in varying degrees while Pharma, Metals, PSU, FMCG and Auto have ended in positive territory. Volume registered an increase (read as turnover) while the undertone seemed mixed.

Sensex (Daily)

Last Close - 10113 | Support - 10100, 9987 | Resistance - 10192, 10300

Trading Range - The Sensex opened at 10145, moved up to an intra-day high of 10192, declined to an intra-day low of 10036 and closed at 10113.

Review/Outlook - The Sensex has once again created history to post a fresh all time high but hasn't been able to sustain itself at the stratosphere and has run into selling pressure at higher levels. The near term picture is hazy and a range bound movement cannot be ruled out while an intra-day downside could come in only below the 10036 level – support comes in at the 9987 and the 9945 level.         

Amara Raja. (Daily)

Last Close - 255.05 | Support - 244, 165 | Resistance - 298, 323

Trading Range - The scrip opened at 221.00, moved up to an intra-day high of 255.05, declined to an intra-day low of 221.00 and closed at 255.05.

Review/Outlook - The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards. 

UB Hold. (Daily)

Last Close - 600.90 | Support - 591, 546 | Resistance - 627, 663

Trading Range - The scrip opened at 573.00, moved up to an intra-day high of 600.90, declined to an intra-day low of 561.10 and closed at 600.90.

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.

Nesco (Daily)

Last Close - 1757.70 | Support - 1678, 1488 | Resistance - 1807, 1923

Trading Range - The scrip opened at 1665.00, moved up to an intra-day high of 1761.65, declined to an intra-day low of 1637.00 and closed at 1757.70

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. 

Sri Dig. Cem. (Daily)

Last Close - 187.10 | Support - 170, 155 | Resistance - 222, 299 

Trading Range - The scrip opened at 180.00, moved up to an intra-day high of 187.10, declined to an intra-day low of 175.70 and closed at 187.10.

Review/Outlook - The scrip has reflected strength by moving up virtually from open to close 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	569, 542	578.20	610, 639	Sd
DR. REDDY	1150, 1089	1172.05	1225, 1282	Up
HLL	224, 216	235.70	240, 266	Up
INFOSYS	2769, 2650	2771.95	2813, 2938	Td
ITC	170, 155	170.60	190, 210	Up
RIL	700, 675	700.95	725, 750	Sd
SATYAM	730, 705	737.25	752, 770	Sd
SBI	850, 830	867.25	871, 900	Sd
T MOTORS	750, 700	768.90	800, 850	Up
TISCO	373, 361	387.60	390, 411	Td

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.