Stock picks of the day

The market virtually moved up from open to shrug off some of its indifference to end in positive territory. Banks, Consumer Durables, Capital Goods, FMCG, IT, Auto, Metals, Pharma and the PSU sector have ended positive in varying degrees while Oil & Gas has ended in negative territory. Volume registered a significant increase (read as turnover) while the undertone seemed hopeful.

Sensex (Daily)

Last Close - 9397.93 | Support - 9348, 9274 | Resistance - 9423, 9500

Trading Range - The Sensex opened at 9339.32, moved up to an intra-day high of 9427.23, declined to an intra-day low of 9311.53 and closed at 9397.93.

Review/Outlook - The Sensex has once again attempted to overcome the 9400 level (9423 to be precise) but hasn't been able to close above it despite multiple attempts. The outlook is cautiously optimistic as it remains to be seen whether the Sensex manages to overcome the aforesaid resistance level or continues its consolidation phase while support comes in at the 9348 level.    

G M Brew (Daily)

Last Close - 055.15 | Support - 052, 044 | Resistance - 058, 069 

Trading Range - The scrip opened at 049.00, moved up to an intra-day high of 055.15, declined to an intra-day low of 049.00 and closed at 055.15.

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. 

R S Softwr (Daily)

Last Close - 116.45 | Support - 112, 085 | Resistance -158, 179

Trading Range - The scrip opened at 106.00, moved up to an intra-day high of 116.45, declined to an intra-day low of 106.00 and closed at 116.45.

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. 

Veejay Lakshmi (Daily)

Last Close - 123.85 | Support - 117, 104 | Resistance - 135, 162

Trading Range - The scrip opened at 116.80, moved up to an intra-day high of 123.85, declined to an intra-day low of 116.80 and closed at 123.85.

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.  

Bhartiya Intnl (Daily)

Last Close - 119.30 | Support - 116, 101 | Resistance - 128, 147 

Trading Range - The scrip opened at 113.50, moved up to an intra-day high of 119.30, declined to an intra-day low of 113.50 and closed at 119.30.

Review/Outlook - The scrip has reflected strength by moving 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	516, 500	534.20	542, 569	Td
DR. REDDY	934, 879	978.50	998, 1089	Tu
HLL	192, 183	197.25	203, 216	Tu
INFOSYS	2813, 2769	2996.75	3074, 3453	Sd
ITC	136, 126	142.00	144, 155	Sd
RIL	850, 810	889.65	900, 950	Tu
SATYAM	700, 678	737.80	750, 800	Tu
SBI	900, 871	907.45	926, 950	Td
T MOTORS	650, 600	653.00	700, 750	Up
TISCO	373, 361	380.30	390, 411	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.