Stock picks of the day

The market hasn't been able to sustain itself at higher levels and has ended the day clearly in negative territory. Banks, Capital Goods, Auto, Metals, PSU's, FMCG, Pharma, Oil, Consumer Durables and IT have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed downcast.

Sensex (Daily)

Last Close - 10213.48 | Support - 10192, 10020 | Resistance - 10305, 10424

Trading Range - The Sensex opened at 10537.08, moved up to an intra-day high of 10552.38, declined to an intra-day low of 10186.33 and closed at 10213.48.

Review/Outlook - The Sensex has continued to reflect weakness while it hasn't be able to sustain itself at higher levels to end sharply in negative territory on clearly lower volume.  The outlook remains negative and despite the extreme volatility, a further intra-day downside especially below the 10186 level cannot be ruled out.         

Atul Auto (Daily)

Last Close - 122.00 | Support - 106, 072 | Resistance - 140, 164

Trading Range - The scrip opened at 117.00, moved up to an intra-day high of 126.90, declined to an intra-day low of 117.00 and closed at 122.00.

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. 

Nicholas Piramal. (Daily)

Last Close - 187.00 | Support - 183, 165 | Resistance - 207, 225

Trading Range - The scrip opened at 193.00, moved up to an intra-day high of 193.50, declined to an intra-day low of 185.10 and closed at 187.00.

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

Rohit Ferro. (Daily)

Last Close - 053.35 | Support - 046, 029 | Resistance - 058, 073

Trading Range - The scrip opened at 052.00, moved up to an intra-day high of 053.35, declined to an intra-day low of 051.50 and closed at 053.35.

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.   

Adani Exp. (Daily)

Last Close - 175.00 | Support - 172, 157 | Resistance - 184, 199 

Trading Range - The scrip opened at 175.00, moved up to an intra-day high of 184.20, declined to an intra-day low of 175.00 and closed at 175.00.

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	724, 697	742.70	750, 793	Dt
DR. REDDY	1282, 1225	1308.75	1342, 1400	Dt
HLL	224, 216	233.50	240, 252	Td
INFOSYS	2813, 2769	2824.90	2938, 3074	Td
ITC	155, 144	159.95	168, 180	Td
RIL	925, 897	925.60	949, 1001	Td
SATYAM	616, 594	639.95	649, 678	Dt
SBI	809, 784	814.50	830, 850	Dt
T MOTORS	771, 749	782.45	811, 849	Td
TISCO	466, 452	494.20	500, 550	Dt

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.