Stock picks of the day

The market has opened with an upward gap but has found life difficult at higher levels and has ended the day clearly in positive territory. Consumer Durables, Capital Goods, FMCG, and PSU's have ended positive in varying degrees while Banks, Pharma, Auto, Metals and Oil & Gas sector have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 10726 | Support - 10706, 10556 | Resistance - 10800, 10800

Trading Range - The Sensex opened at 10748, moved up to an intra-day high of 10753, declined to an intra-day low of 10662 and closed at 10726.

Review/Outlook - The Sensex has reflected strength to create history to once again post a fresh all time high on higher volume but hasn't been able to sustain itself at higher levels and has cooled off a bit to end in negative territory by giving a downward key reversal. The outlook remains positive as the sequence of higher tops, higher bottoms continues while the Sensex seems to have stopped for a small siesta indicating the possibility of a range movement.                      

Borosil Glass (Daily)

Last Close - 098.15 | Support - 095, 075 | Resistance - 108, 128

Trading Range - The scrip opened at 094.50, moved up to an intra-day high of 098.15, declined to an intra-day low of 094.00 and closed at 098.15.

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. 

Shree Cement (Daily)

Last Close - 837.10 | Support - 803, 739 | Resistance - 850, 900

Trading Range - The scrip opened at 798.00, moved up to an intra-day high of 837.10, declined to an intra-day low of 790.10 and closed at 837.10.

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.

Yashraj Sec. (Daily)

Last Close - 117.70 | Support - 108, 080 | Resistance - 118, 143

Trading Range - The scrip opened at 116.75, moved up to an intra-day high of 117.70, declined to an intra-day low of 113.55 and closed at 117.70.

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. 

Taneja Aero. (Daily)

Last Close - 146.60 | Support - 130, 114 | Resistance - 147, 157 

Trading Range - The scrip opened at 141.10, moved up to an intra-day high of 146.60, declined to an intra-day low of 141.00 and closed at 146.60.

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	724, 697	729.05	750, 800	Up
DR. REDDY	1282, 1225	1306.55	1342, 1400	Up
HLL	240, 224	252.35	252, 266	Up
INFOSYS	2813, 2769	2819.65	2938, 3074	Tu
ITC	170, 155	177.95	190, 210	Up
RIL	725, 700	731.85	750, 775	Tu
SATYAM	770, 752	785.55	810, 900	Sd
SBI	900, 871	903.60	926, 950	Tu
T MOTORS	900, 850	911.45	950, 999	Up
TISCO	466, 452	467.70	500, 550	Up

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.