Stock picks of the day

The market has had a superb trading session to forge ahead and has ended the day sharply in positive territory. Banks, Consumer Durables, Pharma, Oil, Metals, Capital Goods and PSU's have ended positive in varying degrees while the FMCG, IT & Auto sector have ended in negative territory. Volume registered a clear increase (read as turnover) while the undertone seemed positive.

Sensex (Daily)

Last Close - 11896 | Support - 11826, 11707 | Resistance - 11931, 12000

Trading Range - The Sensex opened at 11880, moved up to an intra-day high of 11986, declined to an intra-day low of 11800 and closed at 11896.

Review/Outlook - The Sensex has once again created history to post a fresh all time high but has run into significant resistance at higher levels but has still managed to end in positive territory. The outlook continues to remain positive, as the bigger picture remains quite solid while for the near term though intra-day weakness could be the order of the day.       

Oudh Sugar. (Daily)

Last Close - 263.95 | Support - 236, 191 | Resistance - 300, 350

Trading Range - The scrip opened at 244.00, moved up to an intra-day high of 263.95, declined to an intra-day low of 241.10 and closed at 263.95.

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. 

Ster. Hol. Res. (Daily)

Last Close - 098.25 | Support - 096, 081 | Resistance - 102, 135

Trading Range - The scrip opened at 096.70, moved up to an intra-day high of 098.25, declined to an intra-day low of 095.00 and closed at 098.25.

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.

Taneja Aero. (Daily)

Last Close - 244.35 | Support - 213, 173 | Resistance - 250, 300

Trading Range - The scrip opened at 238.00, moved up to an intra-day high of 244.35, declined to an intra-day low of 228.00 and closed at 244.35.

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. 

Dagger Forst. (Daily)

Last Close - 076.35 | Support - 069, 054 | Resistance - 085, 104 

Trading Range - The scrip opened at 075.00, moved up to an intra-day high of 076.35, declined to an intra-day low of 073.20 and closed at 076.35.

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	950, 900	967.95	1000, 1100	Up
DR. REDDY	1466, 1400	1494.75	1500, 1589	Up
HLL	266, 252	276.90	281, 295	Up
INFOSYS	3250, 3155	3282.00	3453, 3600	Up
ITC	190, 180	198.10	210, 225	Sd
RIL	900, 850	920.85	950, 1000	Up
SATYAM	830, 810	853.25	860, 886	Sd
SBI	926, 900	937.60	950, 1000	Td
T MOTORS	900, 850	923.95	950, 999	Sd
TISCO	605, 550	609.00	700, 800	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.