Stock picks of the day

The market come off its intra-day lows to stage a strong comeback and has ended the day sharply in positive territory. Consumer Durables, Banks, Capital Goods, Pharma, Metals, Auto, PSU, FMCG, IT and Oil and have ended positive in varying degrees while no sector have ended in negative territory. Volume registered an increase (read as turnover) while the undertone seemed hopeful.

Sensex (Daily)

Last Close - 10168 | Support - 10100, 9987 | Resistance - 10192, 10300

Trading Range - The Sensex opened at 10108, moved up to an intra-day high of 10196, declined to an intra-day low of 10108 and closed at 10168.

Review/Outlook - The Sensex has reflected strength to appreciate with an upward gap and has once again gone on to create history by posting a fresh all time high of high volume to close with proximity of its earlier high closing. The outklook is turning positive again while a volume closing above the 10192 level could mean an upward breakout and a fresh upmove.             

Gupta Synth. (Daily)

Last Close - 178.75 | Support - 175, 160 - Resistance - 207, 229

Trading Range - The scrip opened at 177.80, moved up to an intra-day high of 178.75, declined to an intra-day low of 176.50 and closed at 178.75.

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. 

Unitech Ltd. (Daily)

Last Close - 1575.85 | Support - 1490, 1328 | Resistance - 1597, 1684

Trading Range - The scrip opened at 1520.00, moved up to an intra-day high of 1575.85, declined to an intra-day low of 1520.00 and closed at 1575.85.

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.

Lloyd Electric. (Daily)

Last Close - 145.75 | Support - 137, 107 | Resistance - 164, 195

Trading Range - The scrip opened at 141.00, moved up to an intra-day high of 147.35, declined to an intra-day low of 141.00 and closed at 145.75.

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. 

I.C.S.A. Ind. (Daily)

Last Close - 528.35 | Support - 511, 470 | Resistance - 555, 581 

Trading Range - The scrip opened at 504.90, moved up to an intra-day high of 528.35, declined to an intra-day low of 504.90 and closed at 528.35.

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	589.70	610, 639	Sd
DR. REDDY	1342, 1282	1389.45	1400, 1466	Up
HLL	224, 216	237.10	240, 266	Up
INFOSYS	2813, 2769	2818.60	2938, 3074	Sd
ITC	155, 144	164.20	170, 190	Up
RIL	700, 675	697.85	725, 750	Td
SATYAM	752, 730	769.90	770, 810	Up
SBI	850, 830	867.75	871, 900	Sd
T MOTORS	750, 700	792.10	800, 850	Up
TISCO	390, 373	403.05	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.