Stock picks of the day

The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in positive territory. Fmcg, Banks, Healthcare, Consumer Durables, Realty, IT & Auto have ended positive in varying degrees while Capital Goods, Healthcare, Metal, Psu & Oil have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed shaky.

Trading Range - The Sensex opened at 14643.37, moved up to an intra-day high of 14672.69, declined to an intra-day low of 14416.20 and closed at 14450.35.

Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended in positive territory on lower volume. Volatility can be the order of the day; an intra-day downside (seems like a formality) could come in below the 14450 level while significant support at lower levels (14136) - would limit the downside. The outlook has turned negative again while resistance comes in at the 15500+ level and support comes in at the 12780 level.

Trading Range - The scrip opened at 203.00, moved up to an intra-day high of 209.85, declined to an intra-day low of 201.30 and closed at 205.75.

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 144.00, moved up to an intra-day high of 150.75, declined to an intra-day low of 144.00 and closed at 148.40.

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 276.00, moved up to an intra-day high of 282.50, declined to an intra-day low of 272.00 and closed at 277.90.

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 161.55, moved up to an intra-day high of 168.95, declined to an intra-day low of 161.55 and closed at 168.95.

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.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	520, 484	556.35	573, 615	Dt
DR. REDDY	579, 530	585.95	610, 645	Td
HUL	240, 224	243.90	252, 266	Sd
INFOSYS [Get Quote]	1667, 1599	1703.05	1723, 1785	Sd
ITC	180, 169	183.45	193, 213	Td
RIL [Get Quote]	2180, 2115	2230.95	2274, 2309	Sd
SATYAM [Get Quote]	385, 366	393.30	406, 443	Td
SBI [Get Quote]	1302, 1258	1357.45	1381, 1418	Dt
T MOTORS	422, 390	434.30	448, 472	Sd
T STEEL	557, 533	585.60	586, 615	Dt

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.