Stock picks of the day

The market has had a smart opening but hasn't been able to sustain itself at higher levels to end the day in negative territory. Capital Goods, Consumer Durables, FMCG, Metals and Oil have ended positive in varying degrees while Banks, Pharma, IT, Auto and PSU's have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed cautious.

Sensex (Daily)

Last Close - 11915.24 | Support - 11826, 11707 | Resistance - 11931, 12000

Trading Range - The Sensex opened at 12063.73, moved up to an intra-day high of 12071.07, declined to an intra-day low of 11882.48 and closed at 11915.24.

Review/Outlook - The Sensex has shown some amount of intra-day weakness by closing in negative territory but surprisingly enough on lower volume. The outlook continues to remain positive, as the bigger picture remains quite solid while the intra-day movement can remain range bound with mild downward bias, in case of an early decline a late recovery can not be ruled out.

Goldiam Int. (Daily)

Last Close - 154.90 | Support - 139, 126 | Resistance - 171, 199

Trading Range - The scrip opened at 148.50, moved up to an intra-day high of 154.90, declined to an intra-day low of 148.50 and closed at 154.90.

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. 

Murud. Ceram. (Daily)

Last Close - 127.85 | Support - 117, 088 | Resistance - 131, 149

Trading Range - The scrip opened at 125.00, moved up to an intra-day high of 127.85, declined to an intra-day low of 122.75 and closed at 127.85.

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.

Dharni Sug. (Daily)

Last Close - 061.05 | Support - 059, 042 | Resistance - 064, 090

Trading Range - The scrip opened at 059.45, moved up to an intra-day high of 061.05, declined to an intra-day low of 059.15 and closed at 061.05.

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. 

Rel. Ind. Infra. (Daily)

Last Close - 507.15 | Support  - 484, 415 | Resistance - 525, 550 

Trading Range - The scrip opened at 474.40, moved up to an intra-day high of 507.15, declined to an intra-day low of 465.90 and closed at 507.15.

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	956.65	1000, 1100	Up
DR. REDDY	1400, 1342	1461.85	1466, 1500	Sd
HLL	281, 266	285.45	295, 305	Up
INFOSYS	3155, 3074	3203.90	3250, 3453	Sd
ITC	190, 180	203.00	210, 225	Sd
RIL	950, 900	976.55	1000, 1050	Up
SATYAM	770, 752	773.45	810, 830	Sd
SBI	900, 871	914.85	926, 950	Td
T MOTORS	950, 900	957.55	999, 1050	Sd
TISCO	605, 550	653.10	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.