Stock picks of the day

The market moved up virtually from open to close to post a new high and has ended the day sharply in positive territory. FMCG, Metals, Banks, Pharma, Auto, PSU and the IT sector have ended positive in varying degrees while Capital Goods, Consumer Durables and Oil have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 10082 | Support - 9987, 9820 | Resistance - 10100, 10200

Trading Range - The Sensex opened at 9993.39, moved up to an intra-day high of 10100, declined to an intra-day low of 9972.43 and closed at 10082.

Review/Outlook - The Sensex has once again created history by not only posting a fresh all time high of 10100 but has also managed to close above the psychological mark of 10000. The outlook continues to remain positive, while support comes in at the 9987 and the 9945 level while a further upside cannot be ruled out.    

Himad. Chem. (Daily)

Last Close - 156.25 | Support - 136, 119 | Resistance - 168, 181

Trading Range - The scrip opened at 153.00, moved up to an intra-day high of 156.25, declined to an intra-day low of 152.00 and closed at 156.25.

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. 

Siyaram Silk. (Daily)

Last Close - 528.00 | Support - 492, 471 | Resistance - 555, 626

Trading Range - The scrip opened at 511.00, moved up to an intra-day high of 529.35, declined to an intra-day low of 493.00 and closed at 528.00.

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.

UP Hotels. (Daily)

Last Close - 158.85 | Support - 146, 118 | Resistance - 67, 197

Trading Range - The scrip opened at 146.05, moved up to an intra-day high of 158.85, declined to an intra-day low of 146.05 and closed at 158.85.

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. 

Bhartiya Int. (Daily)

Last Close - 154.20 | Support - 147, 128 | Resistance - 188, 206 

Trading Range - The scrip opened at 154.20, moved up to an intra-day high of 154.20, declined to an intra-day low of 151.65 and closed at 154.20.

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	595.55	610, 639	Up
DR. REDDY	1150, 1089	1218.20	1225, 1282	Up
HLL	192, 183	197.55	203, 216	Tu
INFOSYS	2813, 2769	2871.10	2938, 3074	Sd
ITC	155, 144	160.65	170, 190	Up
RIL	700, 675	720.40	725, 750	Tu
SATYAM	730, 705	734.85	752, 770	Sd
SBI	871, 850	875.80	900, 926	Os
T MOTORS	750, 700	762.10	800, 850	Up
TISCO	390, 373	408.30	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.