Stock picks of the day

The market has had a volatile trading session to move up from open to close and has finally ended the day in positive territory. Banks, Consumer Durables, Pharma, PSU, Capital Goods, FMCG, IT, Auto, Oil, FMCG and Metals 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 positive.

Sensex (Daily)

Last Close - 10609.25 | Support - 10556, 10424 | Resistance - 10662, 10740

Trading Range - The Sensex opened at 10316.12, moved up to an intra-day high of 10626.84, declined to an intra-day low of 10316.12 and closed at 10609.25.

Review/Outlook - The Sensex has once again reflected a surprising amount of strength to stage a smart upmove and has also managed to close above the 10500 mark on noticeably higher volume. The outlook remains hazy and despite the extreme volatility, a range bound movement cannot be ruled out while an intra-day upside could come in only below the 10627 level while intra-day support comes in at the 10530 level.                             

Binani Ind. (Daily)

Last Close - 141.30 | Support - 125, 092 | Resistance - 162, 200

Trading Range - The scrip opened at 139.80, moved up to an intra-day high of 141.30, declined to an intra-day low of 137.50 and closed at 141.30.

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. 

Foseco India. (Daily)

Last Close - 340.10 | Support - 333, 302 | Resistance - 352, 380

Trading Range - The scrip opened at 328.95, moved up to an intra-day high of 340.10, declined to an intra-day low of 324.00 and closed at 340.10.

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.      

Himad. Chem. (Daily)

Last Close - 147.30 | Support - 136, 119 | Resistance - 168, 181

Trading Range - The scrip opened at 147.00, moved up to an intra-day high of 147.70, declined to an intra-day low of 142.20 and closed at 147.30.

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.      

Thomas Cook. (Daily)

Last Close - 516.00 | Support - 501, 413 | Resistance - 523, 611 

Trading Range - The scrip opened at 501.00, moved up to an intra-day high of 516.00, declined to an intra-day low of 501.00 and closed at 516.00.

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.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	750, 724	783.90	793, 829	Sd
DR. REDDY	1225, 1150	1274.00	1282, 1342	Tu
HLL	224, 216	229.10	240, 252	Tu
INFOSYS	3074, 2938	3077.55	3155, 3250	Tu
ITC	180, 168	182.25	190, 210	Tu
RIL	1041, 1001	1058.75	1083, 1109	Tu
SATYAM	705, 678	711.40	730, 752	Tu
SBI	725, 695	727.40	784, 809	Td
T MOTORS	771, 749	794.45	811, 849	Tu
TISCO	500, 480	533.30	550, 593	Tu

 

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.