Stock picks of the day

The market has reflected weakness from the very beginning to remain under pressure to end the day in negative territory. Capital Goods and the FMCG sector have ended positive in varying degrees while Consumer Durables, Auto, Banks, Oil, PSU, Metals, Pharma and the IT sector have ended in negative territory. Volume registered a significant decrease (read as turnover) while the undertone seemed hopeful.

Sensex (Daily)

Last Close - 9464.90 | Support - 9423, 9348 | Resistance - 9547, 9665

Trading Range - The Sensex opened at 9467.56, moved up to an intra-day high of 9503.40, declined to an intra-day low of 9432.93 and closed at 9464.90.

Review/Outlook - The Sensex has run into more than expected selling pressure due to international events and seems to have slipped into a small cool off mode. The outlook hasn't changed much but a sideways consolidation phase seems to be on the cards as a more range bound movement is envisaged while scrip specific movements could be the order of the day.         

TTK Prestige. (Daily)

Last Close - 136.10 | Support - 135, 121 | Resistance – 150, 182

Trading Range - The scrip opened at 127.90, moved up to an intra-day high of 136.10, declined to an intra-day low of 127.90 and closed at 136.10.

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. 

Ahmed. Forging.  (Daily)

Last Close - 180.95 | Support - 163, 149 | Resistance - 183, 206

Trading Range - The scrip opened at 164.10, moved up to an intra-day high of 180.95, declined to an intra-day low of 164.05 and closed at 180.95.

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.  

KLG Systel. (Daily)

Last Close - 232.00 | Support - 209, 194 | Resistance - 240, 330

Trading Range - The scrip opened at 211.00, moved up to an intra-day high of 232.00, declined to an intra-day low of 208.20 and closed at 232.00.

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 - 162.25 | Support - 155, 139 | Resistance - 170, 222 

Trading Range - The scrip opened at 154.50, moved up to an intra-day high of 162.25, declined to an intra-day low of 154.50 and closed at 162.25.

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	542, 516	544.00	569, 610	Td
DR. REDDY	998, 934	1029.65	1049, 1089	Sd
HLL	183, 172	187.90	192, 203	Sd
INFOSYS	2650, 2537	2746.60	2769, 2813	Dt
ITC	144, 136	151.90	155, 170	Tu
RIL	700, 675	701.45	725, 750	Sd
SATYAM	705, 678	726.25	730, 770	Sd
SBI	900, 871	901.45	926, 950	Td
T MOTORS	635, 600	644.20	650, 670	Sd
TISCO	349, 331	357.20	361, 373	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.