Stock picks of the day

The market has opened with an upward gap but found difficult in sustain at higher levels but has ended the day in positive territory. Consumer Durables, Banks, Pharma, Auto, Capital Goods, FMCG, Metals and PSU's have ended negative in varying degrees while Oil and IT have ended in positive territory. Volume registered a marginal decrease (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 11086 | Support - 10947, 10884 | Resistance - 11100, 11200

Trading Range - The Sensex opened at 11114, moved up to an intra-day high of 11147, declined to an intra-day low of 11051 and closed at 11086.

Review/Outlook - The Sensex has once again created history to not only post a fresh all time high but has also given an all time high closing but on marginally lower volume. The outlook continues to remain positive, as the bigger picture remains quite solid while the intra-day picture seems to be getting a bit subdued and a range bound movement cannot be ruled out - action could come in above the 11147 or below the 11051 level.                                     

Rajshree Sug. (Daily)

Last Close - 161.95 | Support - 149, 108 | Resistance - 200, 250

Trading Range - The scrip opened at 150.00, moved up to an intra-day high of 161.95, declined to an intra-day low of 150.00 and closed at 161.95.

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. 

Harrison Mal. (Daily)

Last Close - 159.30 | Support - 133, 108 | Resistance - 163, 231

Trading Range - The scrip opened at 153.80, moved up to an intra-day high of 159.30, declined to an intra-day low of 148.00 and closed at 159.30.

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.

Kirloskar Pneum. (Daily)

Last Close - 372.85 | Support - 350, 300 | Resistance - 400, 450

Trading Range - The scrip opened at 372.00, moved up to an intra-day high of 374.80, declined to an intra-day low of 367.00 and closed at 372.85.

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. 

Himadri Chem. (Daily)

Last Close - 129.75 | Support - 119, 094 | Resistance - 136, 168 

Trading Range - The scrip opened at 129.30, moved up to an intra-day high of 129.75, declined to an intra-day low of 127.50 and closed at 129.75.

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.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	750, 724	779.15	800, 850	Sd
DR. REDDY	1400, 1342	1422.40	1466, 1500	Tu
HLL	266, 252	267.70	281, 295	Tu
INFOSYS	2938, 2813	2958.20	3074, 3450	Tu
ITC	190, 180	192.95	210, 225	Up
RIL	775, 750	791.05	800, 850	Up
SATYAM	810, 770	820.65	900, 950	Sd
SBI	950, 926	982.65	1000, 1050	Up
T MOTORS	900, 850	905.15	950, 999	Td
TISCO	500, 466	521.90	550, 605	Up

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.