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Hot stocks of the day

June 04, 2007 09:20 IST

The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in positive territory. Healthcare, Banks, PSU, Metal, Auto, IT, & Capital Goods have ended positive in varying degrees while Oil, FMCG & Consumer Durables have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed better.

Sensex

Last Close - 14570.75 | Support - 14524, 14454 | Resistance - 14620, 14723

Trading Range - The Sensex opened at 14610.28, moved up to an intra-day high of 14682.10, declined to an intra-day low of 14539.89 and closed at 14570.75.

Review/Outlook - The Sensex has reflected some amount of strength, has had a rather positive opening, but has run into significant selling pressure to come off from its intra- day high and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day downside (seems to be a mild possibility) could come in only below the 14539 level while some support at lower levels (14480) - could limit the downside. The outlook seems to have turned better again while resistance comes in at the 14700+ level and support comes in at the 14040 level.

Asian Elect

Last Close - 621.75 | Support - 597, 564 | Resistance - 625, 650

Trading Range - The scrip opened at 599.70, moved up to an intra-day high of 621.75, declined to an intra-day low of 599.70 and closed at 621.75.

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.

Prime Securities

Last Close - 066.60 | Support - 060, 044 | Resistance - 069, 080

Trading Range - The scrip opened at 063.60, moved up to an intra-day high of 070.65, declined to an intra-day low of 063.60 and closed at 066.60.

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.

Kemrock Ind

Last Close - 372.10 | Support - 352, 319 | Resistance - 375, 424

Trading Range - The scrip opened at 346.00, moved up to an intra-day high of 372.10, declined to an intra-day low of 344.50 and closed at 372.10.

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.

Taneja Aero

Last Close - 179.95 | Support - 175, 157 | Resistance - 188, 225

Trading Range - The scrip opened at 165.00, moved up to an intra-day high of 179.95, declined to an intra-day low of 163.00 and closed at 179.95.

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.

Daily Stock Track

Scrip

Support

Last Close

Resistance

Trend

ACC

829, 793

852.00

856, 892

Sd

DR. REDDY

645, 610

648.50

669, 689

Sd

HLL

192, 183

201.25

203, 216

Sd

INFOSYS

1883, 1812

1940.05

1962, 2061

Sd

ITC

155, 144

161.45

168, 180

Sd

RIL

1737, 1705

1750.35

1785, 1820

Up

SATYAM

475, 443

478.50

500, 538

Tu

SBI

1332, 1304

1378.10

1379, 1400

Up

T MOTORS

722, 698

747.15

749, 771

Sd

TISCO

617, 593

634.65

646, 670

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.

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Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.

Hemen Kapadia, Morpheus Inc