Stock picks of the day

The market has remained in a negative state of mind, has come off its intra-day low and has finally ended the day in negative territory. Capital Goods, FMCG, Healthcare, Auto, IT, Banks, Metals, PSU, Consumer Durables & Oil have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a sharp increase (read as turnover) while the undertone seemed shaky.

Trading Range - The Sensex opened at 14309.37, moved up to an intra-day high of 14318.56, declined to an intra-day low of 13779.88 and closed at 14141.52.

Review/Outlook - The Sensex has had a weak trading session, has had a weak opening, has depreciated after facing selling pressure even at lower levels, but has come off from its intra - day low and has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 14180 level while resistance at higher levels (14372) - would 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 14150 level.

Trading Range - The scrip opened at 065.00, moved up to an intra-day high of 070.20, declined to an intra-day low of 064.20 and closed at 070.20.

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 272.90, moved up to an intra-day high of 277.80, declined to an intra-day low of 256.25 and closed at 274.10.

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 089.95, moved up to an intra-day high of 092.20, declined to an intra-day low of 086.00 and closed at 090.95.

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 243.80, moved up to an intra-day high of 252.95, declined to an intra-day low of 229.95 and closed at 252.95.

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	924, 892	951.75	965, 994	Sd
DR. REDDY	610, 579	621.60	645, 669	Td
HUL	192, 183	192.20	203, 216	Td
INFOSYS [Get Quote]	1812, 1784	1854.80	1883, 1962	Sd
ITC	144, 136	153.35	155, 168	Td
RIL [Get Quote]	1737, 1705	1752.80	1785, 1834	Sd
SATYAM [Get Quote]	425, 406	440.20	443, 471	Sd
SBI [Get Quote]	1509, 1470	1519.50	1531, 1591	Td
T MOTORS	635, 610	541.20	670, 698	Td
TISCO [Get Quote]	543, 518	544.30	570, 593	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.

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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.