Stock picks of the day

The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in positive territory. Capital Goods, Banks, Realty, Consumer Durables, Healthcare, Metal, PSU, FMCG, Auto, IT & Oil 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 better.

Sensex (Daily) 

Last Close - 18660.32 | Support - 18632, 18319 | Resistance - 18833, 19276

Trading Range - The Sensex opened at 18496.03, moved up to an intra-day high of 18895.34, declined to an intra-day low of 18439.33 and closed at 18660.32. 

Review/Outlook - The Sensex has had a good trading session, has had a positive opening, has moved just one way, has received buying support even at higher levels, has come off from its intra - day low and has finally ended in positive territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 18669 level while significant resistance at higher levels (18800) – would limit the upside. The outlook has turned neutral again while resistance comes in at the 19200+ level and support comes in at the 17200 level.  

Genesis Int. (Daily)                                                  

Last Close - 067.20 | Support - 056, 034 | Resistance - 069, 093

Trading Range - The scrip opened at 067.20, moved up to an intra-day high of 067.20, declined to an intra-day low of 067.20 and closed at 067.20.

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

Gontermann Peip. (Daily)                                                    

Last Close - 096.65 | Support - 092, 073 | Resistance - 099, 117

Trading Range - The scrip opened at 095.50, moved up to an intra-day high of 096.65, declined to an intra-day low of 095.50 and closed at 096.65.

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

Sagar Cement. (Daily)                                                 

Last Close - 317.50 | Support - 272, 214 | Resistance - 325, 360

Trading Range - The scrip opened at 320.00, moved up to an intra-day high of 322.05, declined to an intra-day low of 310.00 and closed at 317.50.

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

Hmt Ltd. (Daily)

Last Close - 085.40 | Support - 080, 063 | Resistance - 099, 122

Trading Range - The scrip opened at 080.00, moved up to an intra-day high of 085.40, declined to an intra-day low of 080.00 and closed at 085.40.

Review/Outlook - The scrip has reflected strength by appreciating 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	767.30	778, 829	Sd
DR. REDDY	487, 450	527.95	530, 579	Dt
HUL	203, 192	211.90	216, 224	Tu
INFOSYS	1510, 1457	1642.65	1667, 1723	Tu
ITC	193, 180	205.05	213, 227	Tu
RIL	2539, 2426	2592.60	2615, 2684	Tu
SATYAM	425, 406	437.25	443, 471	Tu
SBI	2180, 2050	2271.50	2279, 2331	Tu
T MOTORS	749, 722	769.95	771, 811	Tu
T STEEL	762, 731	802.80	820, 858	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.

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Sebi Disclosure: The author is an active market participant and could not only be having positions but could even be having contrary positions in the stocks mentioned above.