Stock picks of the day

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

Trading Range - The Sensex opened at 14293.11, moved up to an intra-day high of 14462.77, declined to an intra-day low of 14293.11, and closed at 14403.77.

Review/Outlook - The Sensex has reflected significant amount of strength by not only posting an all time high but has also closed at an all time high, has remained positive to come off from its intra-day low and has finally ended in positive territory on distinctly higher volume. Volatility can be the order of the day, the positives of the last trading session might just spill over to today's trading session indicating the possibility of an intra-day upside especially above the 14444 level while strong support at lower levels (14320) could mean a rather limited downside.

Trading Range - The scrip opened at 235.00, moved up to an intra-day high of 235.90, declined to an intra-day low of 227.05 and closed at 235.90.

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.

Trading Range - The scrip opened at 064.40, moved up to an intra-day high of 069.70, declined to an intra-day low of 063.60 and closed at 069.70.

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.

Trading Range - The scrip opened at 090.00, moved up to an intra-day high of 092.90, declined to an intra-day low of 090.00 and closed at 092.90.

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.

Trading Range - The scrip opened at 282.95, moved up to an intra-day high of 295.35, declined to an intra-day low of 281.95 and closed at 295.35.

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.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	1022, 979	1040.50	1061, 1110	Td
DR. REDDY	733, 700	745.15	757, 795	Td
HLL	203, 192	208.45	216, 224	Td
INFOSYS	2208, 2163	2259.85	2270, 2325	Tu
ITC	168, 155	176.10	180, 190	Up
RIL	1342, 1316	1372.30	1373, 1409	Up
SATYAM	475, 443	490.90	500, 538	Td
SBI	1166, 1135	1181.35	1190, 1225	Sd
T MOTORS	888, 849	910.10	920, 944	Td
TISCO	452, 437	462.95	466, 480	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.

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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.