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, Consumer Durables, IT, Oil, Banks, Auto, PSU & Healthcare have ended positive in varying degrees while the FMCG & Metal sector have ended in negative territory. Volume registered a marginal decrease (read as turnover) while the undertone seemed mixed.

Trading Range - The Sensex opened at 12573.01, moved up to an intra-day high of 12760.22, declined to an intra-day low of 12427.13, and closed at 12697.09.

Review/Outlook - The Sensex has reflected significant amount of strength by opening on a rather strong note as compared to its earlier closing after a rather volatile trading session to stage a smart recovery and has finally ended in positive territory on slightly lower 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 12760 level while resistance at the 12811 level could limit the upside.

Trading Range - The scrip opened at 320.25, moved up to an intra-day high of 348.25, declined to an intra-day low of 320.25 and closed at 348.25.

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 239.00, moved up to an intra-day high of 244.45, declined to an intra-day low of 239.00 and closed at 244.45.

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 124.45, moved up to an intra-day high of 129.65, declined to an intra-day low of 121.10 and closed at 129.65.

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.

Trading Range - The scrip opened at 092.60, moved up to an intra-day high of 102.90, declined to an intra-day low of 092.60 and closed at 102.30.

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	854.40	856, 892	Dt
DR. REDDY	610, 583	620.80	645, 669	Os
HLL	155, 163	171.40	172, 183	Dt
INFOSYS	2061, 1962	2116.30	2133, 2208	Dt
ITC	155, 144	162.05	168, 180	Dt
RIL	1293, 1241	1299.40	1316, 1342	Td
SATYAM	425, 406	433.90	443, 475	Dt
SBI	973, 950	991.20	1000, 1050	Dt
T MOTORS	722, 698	726.30	749, 771	Dt
TISCO	416, 406	419.30	425, 437	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.