Stock picks of the day

The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in negative territory. Banks, FMCG, IT, Auto, Capital Goods, Realty, Consumer Durables, Healthcare, Metal, PSU & Oil have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed cautious.

Sensex (Daily)                                                                               

Last Close - 18139.49 | Support - 17953, 17494 | Resistance - 18319, 18632

Trading Range - The Sensex opened at 18247.03, moved up to an intra-day high of 18274.15, declined to an intra-day low of 17936.01 and closed at 18139.49. 

Review/Outlook - The Sensex has had a weak trading session, has had a negative opening, has moved just one way, has received selling pressure even at lower levels, has come off from its intra - day high and has finally ended in negative 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 18178 level while significant resistance at higher levels (18300) – 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 - 073.85 | Support - 069, 056 | Resistance - 093, 124

Trading Range - The scrip opened at 072.50, moved up to an intra-day high of 074.05, declined to an intra-day low of 070.00 and closed at 073.85.

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 - 101.95 | Support - 099, 073 | Resistance - 117, 138

Trading Range - The scrip opened at 095.00, moved up to an intra-day high of 103.90, declined to an intra-day low of 095.00 and closed at 101.95.

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 - 350.00 | Support - 325, 272 | Resistance - 360, 421

Trading Range - The scrip opened at 333.50, moved up to an intra-day high of 350.00, declined to an intra-day low of 319.15 and closed at 350.00.

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 - 094.10 | Support - 080, 063 | Resistance - 099, 122

Trading Range - The scrip opened at 087.10, moved up to an intra-day high of 094.10, declined to an intra-day low of 085.20 and closed at 094.10.

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	764.85	778, 829	Sd
DR. REDDY	487, 450	529.85	530, 579	Os
HUL	203, 192	205.05	216, 224	Tu
INFOSYS	1510, 1457	1510.60	1667, 1723	Tu
ITC	193, 180	199.95	213, 227	Tu
RIL	2539, 2426	2552.05	2615, 2684	Tu
SATYAM	406, 385	408.65	425, 443	Tu
SBI	2180, 2050	2183.10	2279, 2331	Tu
T MOTORS	722, 698	736.25	749, 771	Tu
T STEEL	762, 731	799.45	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.