Stock picks of the day

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

Sensex (Daily)

Last Close - 10565 | Support - 10500, 10400 | Resistance - 10600, 10700

Trading Range - The Sensex opened at 10369, moved up to an intra-day high of 10573, declined to an intra-day low of 10344 and closed at 10565.

Review/Outlook - The Sensex has reflected strength to create history to once again post a fresh all time high on higher volume and has given an all time high closing to close above the 10500 mark. The outlook remains positive as the sequence of higher tops, higher bottoms continues while a further upside seems to be on the cards.                  

Goodrick Group. (Daily)

Last Close - 132.05 | Support - 129, 114 | Resistance - 152, 189

Trading Range - The scrip opened at 122.35, moved up to an intra-day high of 132.05, declined to an intra-day low of 120.70 and closed at 132.05.

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. 

Jayshree Tea. (Daily)

Last Close - 193.90 | Support - 187, 146 | Resistance - 206, 238

Trading Range - The scrip opened at 187.50, moved up to an intra-day high of 193.50, declined to an intra-day low of 187.00 and closed at 193.90.

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.

Harrison Malyalam. (Daily)

Last Close - 184.25 | Support - 178, 163 | Resistance - 207, 231

Trading Range - The scrip opened at 170.00, moved up to an intra-day high of 184.25, declined to an intra-day low of 170.00 and closed at 184.25.

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. 

Kirl. Pneum. (Daily)

Last Close - 353.20 | Support - 350, 300 | Resistance - 400, 450 

Trading Range - The scrip opened at 349.00, moved up to an intra-day high of 353.20, declined to an intra-day low of 337.10 and closed at 353.20.

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	639, 610	683.10	700, 750	Up
DR. REDDY	1282, 1225	1322.70	1342, 1400	Up
HLL	240, 224	244.95	252, 266	Up
INFOSYS	2813, 2769	2906.25	2938, 3075	Tu
ITC	170, 155	173.50	190, 210	Up
RIL	700, 675	707.90	725, 750	Tu
SATYAM	770, 752	801.45	810, 900	Up
SBI	871, 850	881.70	900, 926	Tu
T MOTORS	811, 771	846.10	850, 900	Up
TISCO	425, 411	442.30	452, 466	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.