Stock picks of the day

The market once again shown fine momentum to move up but has run into resistance at higher levels to end the day in positive territory. Banks, Metals, Pharma, Capital Goods, FMCG, Auto, Oil and PSU's have ended positive in varying degrees while Consumer Durables and IT have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 12218.78 | Support - 12200, 12100 | Resistance - 12300, 12400

Trading Range - The Sensex opened at 12103.78, moved up to an intra-day high of 12288.51, declined to an intra-day low of 12103.78 and closed at 12218.78.

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 on reasonable amount of volume.  The outlook continues to remain positive, as the bigger picture remains quite solid while the intra-day picture seems to be improving again while an intra-day upside above the 12289 level can not be ruled out.  

Sterling Hol. (Daily)

Last Close - 103.35 | Support - 102, 096 | Resistance - 135, 160

Trading Range - The scrip opened at 101.50, moved up to an intra-day high of 103.35, declined to an intra-day low of 101.50 and closed at 103.35.

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. 

Kirloskar Pneum. (Daily) 

Last Close - 434.40 | Support - 400, 350 | Resistance - 450, 500

Trading Range - The scrip opened at 415.50, moved up to an intra-day high of 434.40, declined to an intra-day low of 415.50 and closed at 434.40.

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.

JL Morison. (Daily)

Last Close - 397.95 | Support - 376, 352 | Resistance - 425, 450

Trading Range - The scrip opened at 380.00, moved up to an intra-day high of 397.95, declined to an intra-day low of 375.00 and closed at 397.95.

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. 

Disa India. (Daily)

Last Close - 1289.90 | Support - 1176, 1039 | Resistance - 1300, 1400 

Trading Range - The scrip opened at 1202.00, moved up to an intra-day high of 1289.90, declined to an intra-day low of 1202.00 and closed at 1289.90.

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.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	950, 900	989.40	1000, 1100	Tu
DR. REDDY	1600, 1500	1681.95	1700, 1800	Tu
HLL	281, 266	292.60	295, 305	Tu
INFOSYS	3155, 3074	3161.30	3250, 3543	Sd
ITC	190, 180	207.40	210, 225	Tu
RIL	1000, 950	1031.45	1050, 1100	Up
SATYAM	750, 730	752.40	770, 810	Os
SBI	926, 900	937.00	950, 1000	Tu
T MOTORS	950, 900	953.60	999, 1050	Sd
TISCO	605, 550	670.65	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.