Stock picks of the day

The market has staged a Houdini act from lower levels and has ended the day clearly in positive territory. Banks, Capital Goods, Auto, Metals, PSU's, FMCG, Pharma, Oil, Consumer Durables and IT have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed hopeful.

Sensex (Daily)

Last Close - 10451.33 | Support - 10424, 10305 | Resistance - 10556, 10662

Trading Range - The Sensex opened at 10104.57, moved up to an intra-day high of 10477.35, declined to an intra-day low of 10011.45 and closed at 10451.33.

Review/Outlook - The Sensex has reflected some surprising resilience despite posting a 9 trading session low and has recovered smartly from lower levels to end sharply in positive territory on clearly higher volume.  The outlook remains hazy and despite the extreme volatility, a further intra-day upside especially above the 10478 level cannot be ruled out.        

Atul Auto (Daily)

Last Close - 116.80 | Support - 106, 072 | Resistance - 140, 164

Trading Range - The scrip opened at 102.15, moved up to an intra-day high of 117.50, declined to an intra-day low of 102.15 and closed at 116.80.

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. 

Rajesh Exports. (Daily)

Last Close - 246.75 | Support - 243, 197 | Resistance - 260, 310

Trading Range - The scrip opened at 239.90, moved up to an intra-day high of 247.20, declined to an intra-day low of 224.20 and closed at 246.75.

Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.   

Rohit Ferro. (Daily)

Last Close - 050.85 | Support - 046, 029 | Resistance - 058, 073

Trading Range - The scrip opened at 047.90, moved up to an intra-day high of 050.85, declined to an intra-day low of 046.40 and closed at 050.85.

Review/Outlook - The scrip has reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.   

DCM Sh. Cons. (Daily)

Last Close - 095.25 | Support - 092, 073 | Resistance - 099, 121 

Trading Range - The scrip opened at 094.00, moved up to an intra-day high of 096.15, declined to an intra-day low of 088.00 and closed at 095.25.

Review/Outlook - The scrip has reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	750, 700	786.15	800, 850	Td
DR. REDDY	1282, 1225	1340.15	1342, 1400	Td
HLL	240, 224	241.75	252, 266	Td
INFOSYS	2813, 2769	2886.25	2938, 3074	Td
ITC	155, 144	164.40	168, 180	Td
RIL	949, 897	957.35	1000, 1041	Td
SATYAM	649, 616	668.30	678, 705	Td
SBI	830, 809	838.55	850, 871	Td
T MOTORS	771, 749	789.00	811, 849	Td
TISCO	500, 466	517.60	550, 605	Td

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.