Stock picks of the day

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

Sensex (Daily)                                                                               

Last Close - 15503.92 | Support - 15330, 15037 | Resistance - 15368, 15734

Trading Range - The Sensex opened at 15430.31, moved up to an intra-day high of 15520.71, declined to an intra-day low of 15367.97 and closed at 15503.92. 

Review/Outlook - The Sensex has had a solid trading session, has had a positive opening, has moved just one way, has faced buying support even at higher levels, has come off from its intra - day low and has finally ended smartly in positive territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15504 level while significant resistance at higher levels (15800) – would limit the upside. The outlook has turned positive again while resistance comes in at the 15900+ level and support comes in at the 12780 level.  

Gulshan Poly. (Daily)                                               

Last Close - 265.20 | Support - 241, 209 | Resistance - 293, 333

Trading Range - The scrip opened at 265.20, moved up to an intra-day high of 265.20, declined to an intra-day low of 256.05 and closed at 265.20.

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.    

Goa Carbon. (Daily)                                                

Last Close - 142.95 | Support - 139, 116 | Resistance - 162, 197

Trading Range -  The scrip opened at 142.95, moved up to an intra-day high of 142.95, declined to an intra-day low of 138.10 and closed at 142.95.

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.         

Petron Engg.

Last Close - 265.05 | Support - 245, 206 | Resistance - 284, 320

Trading Range - The scrip opened at 260.00, moved up to an intra-day high of 275.50, declined to an intra-day low of 254.00 and closed at 265.05.

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.              

Dhanus Tech. (Daily)                                            

Last Close -  146.70 | Support - 129, 098 | Resistance - 153, 197

Trading Range - The scrip opened at 154.10, moved up to an intra-day high of 154.10, declined to an intra-day low of 143.00 and closed at 146.70.

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	615, 573	630.25	656, 697	Up
DR. REDDY	579, 530	609.15	610, 645	Tu
HUL	240, 224	241.50	252, 266	Up
INFOSYS	1667, 1599	1670.10	1723, 1785	Tu
ITC	193, 180	193.20	213, 230	Up
RIL	2309, 2274	2326.00	2375, 2426	Tu
SATYAM	406, 385	410.55	443, 475	Tu
SBI	1564, 1539	1592.60	1624, 1678	Up
T MOTORS	422, 390	447.20	448, 472	Tu
T STEEL	642, 615	644.80	672, 695	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.