Stock picks of the day

The market has had a volatile trading session to basically decline from higher levels and has finally ended the day in negative territory. Banks, FMCG, Metals, Consumer Durables, Auto, PSU, Capital Goods and Oil have ended negative in varying degrees while Pharma and IT have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed subdued.

Sensex (Daily)

Last Close - 10226.78 | Support - 10192, 10020 | Resistance - 10305, 10424

Trading Range - The Sensex opened at 10336.62, moved up to an intra-day high of 10406.43, declined to an intra-day low of 10149.85 and closed at 10226.78.

Review/Outlook - The Sensex has reflected significant amount of weakness by posting a 13 trading session low and it has also managed to close below the 55 Day EMA which is currently placed at 10568.65 albeit on higher volume. The outlook has come under pressure again and despite the extreme volatility, a range bound movement cannot be ruled out while the intra-day charts would seem to suggest a limited downside while a small intra-day recovery cannot be ruled out.   

Riddhi Siddhi GB. (Daily)

Last Close - 161.90 | Support - 157, 146 | Resistance - 166, 184

Trading Range - The scrip opened at 158.00, moved up to an intra-day high of 163.60, declined to an intra-day low of 150.50 and closed at 161.90.

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. 

Shree Ram. (Daily)

Last Close - 357.15 | Support - 354, 300 | Resistance - 432, 479

Trading Range - The scrip opened at 336.00, moved up to an intra-day high of 357.15, declined to an intra-day low of 325.10 and closed at 357.15.

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.      

Aegis Logistics. (Daily)

Last Close - 148.35 | Support - 133, 111 | Resistance - 155, 183

Trading Range - The scrip opened at 152.00, moved up to an intra-day high of 154.00, declined to an intra-day low of 148.35 and closed at 148.35.

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.      

Sakthi Sugar. (Daily)

Last Close - 163.95 | Support - 163, 141 | Resistance - 190, 229 

Trading Range - The scrip opened at 165.00, moved up to an intra-day high of 173.80, declined to an intra-day low of 163.95 and closed at 163.95.

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	793, 750	816.65	829, 856	Td
DR. REDDY	1150, 1089	1223.55	1225, 1282	Td
HLL	224, 216	230.35	240, 252	Td
INFOSYS	1625, 1578	1629.60	1661, 1727	Sd
ITC	168, 155	169.65	180, 190	Td
RIL	1001, 977	1004.30	1024, 1041	Td
SATYAM	678, 645	694.40	705, 730	Tu
SBI	695, 675	701.55	729, 784	Td
T MOTORS	670, 635	688.35	698, 722	Td
TISCO	466, 452	477.50	480, 500	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.

Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group