Stock picks of the day

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

Trading Range - The Sensex opened at 14451.31, moved up to an intra-day high of 14573.81, declined to an intra-day low of 14448.57 and closed at 14544.46.

Review/Outlook - The Sensex has reflected some amount of strength, has had a rather positive opening, has received significant buying support to 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 distinct possibility) could come in above the 14574 level while some resistance at higher levels (14673) - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 14700+ level and support comes in at the 14040 level.

Trading Range - The scrip opened at 166.40, moved up to an intra-day high of 168.75, declined to an intra-day low of 166.40 and closed at 168.75.

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 060.50, moved up to an intra-day high of 065.40, declined to an intra-day low of 060.00 and closed at 063.15.

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.

Trading Range - The scrip opened at 204.70, moved up to an intra-day high of 210.90, declined to an intra-day low of 200.00 and closed at 210.75.

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.

Trading Range - The scrip opened at 638.00, moved up to an intra-day high of 683.80, declined to an intra-day low of 630.00 and closed at 683.80.

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.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	829, 793	855.60	856, 892	Sd
DR. REDDY	645, 610	649.45	669, 689	Sd
HLL [Get Quote]	203, 192	203.50	216, 224	Sd
INFOSYS [Get Quote]	1883, 1812	1920.25	1962, 2061	Sd
ITC	155, 144	163.60	168, 180	Sd
RIL [Get Quote]	1737, 1705	1760.20	1785, 1820	Up
SATYAM [Get Quote]	443, 425	469.60	475, 500	Tu
SBI [Get Quote]	1332, 1304	1352.40	1379, 1400	Up
T MOTORS	749, 722	757.50	771, 811	Up
TISCO [Get Quote]	617, 593	632.20	646, 670	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.

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