Stock picks of the day

The market has crossed the previous day's high but hasn't been able to sustain itself at higher levels and has ended the day in positive territory. Pharma, Metals, FMCG, Capital Goods and Oil and have ended negative in varying degrees while Banks, Consumer Durables, IT, Auto and PSU's have ended in positive territory. Volume registered a mild decrease (read as turnover) while the undertone seemed mixed.

Sensex (Daily)

Last Close - 10124 | Support - 10100, 9987 | Resistance - 10192, 10300

Trading Range - The Sensex opened at 10133, moved up to an intra-day high of 10195, declined to an intra-day low of 10110 and closed at 10124.

Review/Outlook - The Sensex has once again created history to post a fresh all time high but hasn't been able to sustain itself at the stratosphere and has run into selling pressure at higher levels. The near term picture is hazy and a range bound movement cannot be ruled out while an intra-day downside could come in only below the 10110 level – support comes in at the 9987 and the 9945 level.         

Gruh Fin. (Daily)

Last Close - 094.60 | Support - 092, 080 | Resistance - 098, 112

Trading Range - The scrip opened at 087.90, moved up to an intra-day high of 094.60, declined to an intra-day low of 087.90 and closed at 094.60.

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. 

Fairfield Atlas. (Daily)

Last Close - 115.35 | Support - 114, 097 | Resistance - 152, 191

Trading Range - The scrip opened at 105.00, moved up to an intra-day high of 115.35, declined to an intra-day low of 104.15 and closed at 115.35.

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.

Schenectady-Beck (Daily)

Last Close - 341.00 | Support - 330, 289 | Resistance - 371, 399

Trading Range - The scrip opened at 285.00, moved up to an intra-day high of 341.00, declined to an intra-day low of 285.00 and closed at 341.00.

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. 

Sri Dig. Cem. (Daily)

Last Close - 196.45 | Support - 170, 155 | Resistance - 222, 299 

Trading Range - The scrip opened at 191.00, moved up to an intra-day high of 196.45, declined to an intra-day low of 191.00 and closed at 196.45.

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. 

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	569, 542	586.75	610, 639	Sd
DR. REDDY	1225, 1150	1281.95	1282, 1342	Up
HLL	224, 216	238.40	240, 266	Up
INFOSYS	2769, 2650	2780.60	2813, 2938	Td
ITC	155, 144	167.70	170, 190	Up
RIL	675, 650	696.80	700, 725	Td
SATYAM	730, 705	742.20	752, 770	Sd
SBI	850, 830	868.25	871, 900	Sd
T MOTORS	800, 750	800.10	850, 900	Up
TISCO	390, 373	391.50	411, 425	Sd

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.