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Stock picks for today
Hemen Kapadia / Morpheus Incin Mumbai
 
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July 06, 2007 09:02 IST

The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in negative territory.

Banks, capital goods, consumer durables, auto & metal have ended positive in varying degrees, while FMCG, healthcare, IT, oil & PSUs have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed volatile.

Sensex (Daily)

Last Close -- 14861.89; Support -- 14850, 14800; Resistance -- 14900, 14950

Trading Range: The Sensex opened at 14932.53, moved up to an intra-day high of 14963.26, declined to an intra-day low of 14731.22 and closed at 14861.89.

Review/Outlook: The Sensex has had a historic trading session, has had a positive opening, has appreciated after receiving buying support at lower levels, but has come off from its intra - day high low and has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 14829 level while some support at higher levels (14723) -- could limit the upside. The outlook seems to have turned better again while resistance comes in at the 15000+ level and support comes in at the 14400 level.

Evinix Ltd. (Daily)

Last Close -- 132.80; Support -- 128, 105; Resistance -- 150, 175

Trading Range: The scrip opened at 121.05, moved up to an intra-day high of 132.80, declined to an intra-day low of 121.05 and closed at 132.80.

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.

Aurionpro Sol. (Daily)

Last Close -- 400.65; Support -- 400, 350; Resistance -- 450, 500

Trading Range: The scrip opened at 399.00, moved up to an intra-day high of 409.90, declined to an intra-day low of 385.00 and closed at 400.65.

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.

Agro Tech Foods [Get Quote] (Daily)

Last Close -- 147.40; Support -- 134, 118; Resistance -- 167, 190

Trading Range: The scrip opened at 142.00, moved up to an intra-day high of 147.40, declined to an intra-day low of 134.25 and closed at 147.40.

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

Unity Infra (Daily)

Last Close -- 574.40; Support -- 537, 478; Resistance -- 599, 679

Trading Range: The scrip opened at 577.00, moved up to an intra-day high of 580.00, declined to an intra-day low of 549.00 and closed at 574.40.

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

994, 965

1021.75

1057, 1075

Up

DR. REDDY

669, 645

673.00

689, 712

Up

HLL [Get Quote]

192, 183

198.90

203, 216

Up

INFOSYS [Get Quote]

1883, 1812

1916.55

1962, 2061

Sd

ITC

155, 144

156.10

168, 180

Up

RIL [Get Quote]

1705, 1645

1707.90

1737, 1779

Tu

SATYAM [Get Quote]

443, 425

464.15

475, 500

Tu

SBI [Get Quote]

1531, 1500

1546.80

1550, 1575

Up

T MOTORS

698, 670

707.55

722, 749

Up

TISCO [Get Quote]

617, 593

627.10

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.

DISCLAIMER : While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.

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


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