Hot stocks 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 negative territory. Banks, Metals, PSU, Consumer Durables & Oil have ended positive in varying degrees while Capital Goods, FMCG, Healthcare, Auto & IT sector has ended in negative territory. Volume registered a mild decrease (read as turnover) while the undertone seemed shaky.

Sensex

Last Close - 15000.91 | Support - 14964, 14830 | Resistance - 15112, 15216

Trading Range - The Sensex opened at 15066.71, moved up to an intra-day high of 15069.64, declined to an intra-day low of 14964.66 and closed at 15000.91.

Review/Outlook - The Sensex has had a mixed trading session, has had a strong opening, has depreciated after facing selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on marginally higher volume. Volatility can be the order of the day; an intra-day downside (seems like a distinct possibility) could come in below the 14964 level while some support at lower levels (14723) - could limit the downside. The outlook seems to have turned weak again while resistance comes in at the 16000+ level and support comes in at the 14440 level.

Indian Hume Pipe

Last Close - 401.65 | Support - 384, 355 | Resistance - 438, 479

Trading Range - The scrip opened at 374.85, moved up to an intra-day high of 401.65, declined to an intra-day low of 370.00 and closed at 401.65.

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.

Bombay Burmah

Last Close - 467.10 | Support - 437, 386 | Resistance - 492, 520

Trading Range - The scrip opened at 455.00, moved up to an intra-day high of 467.10, declined to an intra-day low of 449.00 and closed at 467.10.

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.

Rasi Elect

Last Close - 061.20 | Support - 057, 041 | Resistance - 065, 090

Trading Range - The scrip opened at 055.00, moved up to an intra-day high of 061.20, declined to an intra-day low of 055.00 and closed at 061.20.

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.

Accent Tech

Last Close - 230.90 | Support - 220, 195 | Resistance - 250, 300

Trading Range - The scrip opened at 224.90, moved up to an intra-day high of 230.90, declined to an intra-day low of 222.00 and closed at 230.90.

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.

Daily Stock Track               

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.