Stock picks of the day

The market hasn't been able to sustain its early positives to cool off significantly but staged a recovery and has ended the day slightly in negative territory. Pharma, IT, Auto and PSU's have ended positive in varying degrees while FMCG, Metals, Banks, Capital Goods, Consumer Durables and Oil have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 10045 | Support - 9987, 9820 | Resistance - 10100, 10200

Trading Range - The Sensex opened at 10084, moved up to an intra-day high of 10084, declined to an intra-day low of 9958.55 and closed at 10045.

Review/Outlook - The Sensex finally seems to have taken a small breather after a three trading session 397 point rise but has reflected some amount of strength by recovering from its intra-day low. The outlook continues to remain positive while a range bound movement cannot be ruled out – support comes in at the 9987 and the 9945 level.     

Ruchi Soya. (Daily)

Last Close - 337.25 | Support - 316, 289 | Resistance - 341, 387

Trading Range - The scrip opened at 308.50, moved up to an intra-day high of 337.25, declined to an intra-day low of 305.50 and closed at 337.25.

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 - 554.40 | Support - 492, 471 | Resistance - 555, 626

Trading Range - The scrip opened at 534.80, moved up to an intra-day high of 554.40, declined to an intra-day low of 516.00 and closed at 554.40.

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.

Thiru Arooran. (Daily)

Last Close - 305.65 | Support - 291, 252 | Resistance - 310, 362

Trading Range - The scrip opened at 305.65, moved up to an intra-day high of 305.65, declined to an intra-day low of 295.10 and closed at 305.65.

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. 

U. B. Hold. (Daily)

Last Close - 543.30 | Support - 513, 425 | Resistance - 546, 591 

Trading Range - The scrip opened at 519.00, moved up to an intra-day high of 543.30, declined to an intra-day low of 501.10 and closed at 543.30.

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.  

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	569, 542	598.10	610, 639	Up
DR. REDDY	1150, 1089	1191.50	1225, 1282	Up
HLL	192, 183	197.00	203, 216	Tu
INFOSYS	2813, 2769	2903.15	2938, 3074	Tu
ITC	155, 144	158.55	170, 190	Up
RIL	700, 675	716.20	725, 750	Tu
SATYAM	730, 705	732.15	752, 770	Sd
SBI	871, 850	879.00	900, 926	Os
T MOTORS	750, 700	750.95	800, 850	Up
TISCO	390, 373	392.10	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.