Stock picks of the day

The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in positive territory. Banks, FMCG, Auto, Metals, PSU, Capital Goods, Consumer Durables, Healthcare & Oil have ended positive in varying degrees while the IT sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.

Trading Range - The Sensex opened at 14965.65, moved up to an intra-day high of 15044.74, declined to an intra-day low of 14869.15 and closed at 15017.21.

Review/Outlook - The Sensex has had a mixed trading session, has had a strong opening, has appreciated after receiving buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15045 level while some resistance at higher levels (15090) - could limit the upside. The outlook seems to have turned weak again while resistance comes in at the 16000+ level and support comes in at the 14560 level.

Trading Range - The scrip opened at 117.60, moved up to an intra-day high of 119.85, declined to an intra-day low of 117.50 and closed at 119.85.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Trading Range - The scrip opened at 062.45, moved up to an intra-day high of 064.35, declined to an intra-day low of 062.00 and closed at 064.35.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Trading Range - The scrip opened at 092.00, moved up to an intra-day high of 093.10, declined to an intra-day low of 092.00 and closed at 093.10.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Trading Range - The scrip opened at 694.05, moved up to an intra-day high of 728.75, declined to an intra-day low of 694.05 and closed at 726.25.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low 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	994, 965	1012.30	1057, 1099	Sd
DR. REDDY	610, 579	635.80	645, 669	Sd
HUL	203, 192	203.55	216, 224	Sd
INFOSYS [Get Quote]	1883, 1812	1951.95	1962, 2009	Sd
ITC	155, 144	164.70	168, 180	Up
RIL [Get Quote]	1785, 1737	1828.90	1834, 1878	Tu
SATYAM [Get Quote]	471, 443	476.75	496, 538	Tu
SBI [Get Quote]	1591, 1531	1613.30	1636, 1700	Sd
T MOTORS	670, 635	692.20	698, 722	Td
TISCO [Get Quote]	617, 593	644.10	646, 670	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.

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Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.