Stock picks of the day

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. FMCG & PSU's have ended positive in varying degrees while Capital Goods, Oil, Realty Banks, Healthcare, IT, Tech, Consumer Durables, Auto & Metals has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed better.

Trading Range - The Sensex opened at 18640.52, moved up to an intra-day high of 18815.11, declined to an intra-day low of 18333.21 and closed at 18737.27.

Review/Outlook - The Sensex has had a mixed trading session, has had a weak opening, has moved both ways, has received buying support at lower levels, 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 18759 level while resistance at higher levels (18902) - would limit the upside. The outlook has turned bullish again while resistance comes in at the 21200+ level and support comes in at the 18833 level.

Trading Range - The scrip opened at 122.75, moved up to an intra-day high of 122.75, declined to an intra-day low of 112.00 and closed at 122.75.

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 424.70, moved up to an intra-day high of 427.80, declined to an intra-day low of 388.00 and closed at 427.80.

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 202.65, moved up to an intra-day high of 210.95, declined to an intra-day low of 202.65 and closed at 209.55.

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 164.90, moved up to an intra-day high of 178.70, declined to an intra-day low of 161.70 and closed at 177.00.

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.

Scrip	Support	Last Close	Resistance	Trend
ACC	994, 965	1020.00	1025, 1099	Sd
DR. REDDY	579, 524	605.10	610, 645	Td
HUL	192, 183	198.75	203, 216	Sd
INFOSYS [Get Quote]	1510, 1457	1641.95	1667, 1723	Dt
ITC	168, 155	177.85	180, 193	Sd
RIL [Get Quote]	2615, 2539	2676.95	2682, 2724	Tu
SATYAM [Get Quote]	406, 385	413.10	425, 443	Dt
SBI [Get Quote]	2180, 2050	2237.15	2279, 2331	Up
T MOTORS	670, 635	684.95	698, 732	Td
TISCO [Get Quote]	762, 731	815.20	820, 858	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 not only be having positions but could even be having contrary positions in the stocks mentioned above.