Stock picks of the day

The market hasn't been able to do much while on the other hand it has managed to end the day in positive territory. Banks, Oil, Consumer Durables, Auto, PSU, Metals, IT, Capital Goods and the FMCG sector have ended positive in varying degrees while Pharma has ended in negative territory. Volume registered a nominal increase (read as turnover) while the undertone seemed positive.

Sensex (Daily)

Last Close - 9919.89 | Support - 9820, 9665 | Resistance - 9987, 10100

Trading Range - The Sensex opened at 9892.23, moved up to an intra-day high of 9939.55, declined to an intra-day low of 9873.37 and closed at 9919.89.

Review/Outlook - The Sensex has remained relatively range bound within the previous session's trading range but has managed to end the day on a positive note on marginally better volume. The outlook seems to be turning positive and while a further intra-day upside above the 9945 cannot be ruled out, intra-day support comes in at the 9873 level.             

Jai Corp. (Daily)

Last Close - 124.65 | Support - 115, 093 | Resistance - 130, 157

Trading Range - The scrip opened at 110.10, moved up to an intra-day high of 124.65, declined to an intra-day low of 110.05 and closed at 124.65.

Review/Outlook - The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards. 

GTC. (Daily)

Last Close - 206.40 | Support - 195, 164 | Resistance - 223, 249

Trading Range - The scrip opened at 198.00, moved up to an intra-day high of 206.40, declined to an intra-day low of 198.00 and closed at 206.40.

Review/Outlook - The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards.

Modern Dairy (Daily)

Last Close - 025.40 | Support - 021, 016 | Resistance - 026, 036

Trading Range - The scrip opened at 025.35, moved up to an intra-day high of 025.40, declined to an intra-day low of 024.05 and closed at 025.40.

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. 

Gupta Synthetics (Daily)

Last Close - 166.25 | Support - 160, 137 | Resistance - 175, 207 

Trading Range - The scrip opened at 166.25, moved up to an intra-day high of 166.25, declined to an intra-day low of 162.05 and closed at 166.25.

Review/Outlook - The scrip has reflected strength by appreciating with an upward gap 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	569, 542	573.00	610, 639	Up
DR. REDDY	1089, 1049	1119.60	1150, 1205	Up
HLL	192, 183	194.80	203, 216	Tu
INFOSYS	2813, 2769	2879.70	2938, 3075	Sd
ITC	155, 144	154.85	170, 190	Up
RIL	700, 675	713.70	725, 750	Sd
SATYAM	730, 705	746.65	752, 770	Sd
SBI	871, 850	886.80	900, 926	Td
T MOTORS	700, 670	709.30	750, 800	Up
TISCO	390, 373	404.25	411, 425	Tu

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.