Stock picks of the day

The market has had a fantastic trading session to forge ahead and has ended the day sharply in positive territory. Banks, Consumer Durables, FMCG, Pharma, Metals, IT, Oil, Capital Goods, Auto and PSU's have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a clear decrease (read as turnover) while the undertone seemed positive.

Sensex (Daily)

Last Close -11540 | Support - 11536, 11453 | Resistance - 11618, 11707

Trading Range - The Sensex opened at 11324, moved up to an intra-day high of 11561, declined to an intra-day low of 11324 and closed at 11540.

Review/Outlook - The Sensex has staged a brilliant comeback by opening with an upward gap and moving up from open to close to end sharply in positive territory but disconcertingly enough, on significantly lower volume. The bigger picture continues to remain quite solid while in the event of an early upside it remains to be seen whether these levels can be sustained till the closing or not.     

Jagatjit Ind. (Daily)

Last Close - 079.55 | Support - 078, 065 | Resistance - 085, 104

Trading Range - The scrip opened at 073.00, moved up to an intra-day high of 079.55, declined to an intra-day low of 071.95 and closed at 079.55.

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. 

Zenith Info. (Daily)

Last Close - 183.15 | Support - 175, 148 | Resistance - 200, 250

Trading Range - The scrip opened at 180.00, moved up to an intra-day high of 183.15, declined to an intra-day low of 174.15 and closed at 183.15.

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.

Ind. Inv. Trust. (Daily)

Last Close - 105.25 | Support - 099, 078 | Resistance - 115, 130

Trading Range - The scrip opened at 102.70, moved up to an intra-day high of 105.25, declined to an intra-day low of 102.00 and closed at 105.25.

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. 

Dagger Forst. (Daily)

Last Close - 069.75 | Support - 069, 054 | Resistance - 085, 104 

Trading Range - The scrip opened at 068.00, moved up to an intra-day high of 069.75, declined to an intra-day low of 066.50 and closed at 069.75.

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	900, 850	938.10	950, 1000	Up
DR. REDDY	1466, 1400	1468.10	1500, 1589	Tu
HLL	266, 252	275.40	281, 295	Up
INFOSYS	3155, 3074	3230.30	3250, 3453	Up
ITC	190, 180	192.90	210, 225	Sd
RIL	850, 800	851.55	900, 950	Up
SATYAM	810, 770	827.80	830, 860	Td
SBI	926, 900	932.35	950, 1000	Td
T MOTORS	900, 850	929.00	950, 999	Sd
TISCO	550, 500	594.75	605, 700	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.