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. Consumer Durables, Oil, PSU, Realty, Capital Goods, Metals, Banks & Auto have ended negative in varying degrees while Fmcg, Healthcare & IT have ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed shaky.

Sensex (Daily)                                                                               

Last Close - 15093.12 | Support - 15037, 14732 | Resistance - 15330, 15638

Trading Range - The Sensex opened at 15030.21, moved up to an intra-day high of 15272.56, declined to an intra-day low of 15013.06 and closed at 15093.12. 

Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved both ways, has faced buying support at lower levels, has come off from its intra-day high and has finally ended in negative territory on lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 15091 level while significant support at lower levels (14888) - would limit the downside. 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 - 292.15 | Support - 241, 209 | Resistance - 293, 333

Trading Range - The scrip opened at 292.00, moved up to an intra-day high of 292.35, declined to an intra-day low of 285.00 and closed at 292.15.

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 - 151.90 | Support - 139, 116 | Resistance - 162, 197

Trading Range - The scrip opened at 143.50, moved up to an intra-day high of 154.80, declined to an intra-day low of 143.10 and closed at 151.90.

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.         

Ub Engg. (Daily)                                              

Last Close - 121.30 | Support - 103, 084 | Resistance - 130, 167

Trading Range - The scrip opened at 117.50, moved up to an intra-day high of 123.30, declined to an intra-day low of 113.00 and closed at 121.30.

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 - 154.40 | Support - 153, 129 | Resistance - 197, 228

Trading Range - The scrip opened at 154.40, moved up to an intra-day high of 154.40, declined to an intra-day low of 150.20 and closed at 154.40.

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	615, 573	627.65	656, 697	Sd
DR. REDDY	579, 530	600.25	610, 645	Sd
HUL	240, 224	243.75	252, 266	Up
INFOSYS	1599, 1510	1625.20	1667, 1723	Sd
ITC	193, 180	194.80	213, 230	Up
RIL	2309, 2274	2340.90	2375, 2426	Tu
SATYAM	406, 385	406.25	443, 475	Td
SBI	1539, 1472	1555.25	1564, 1624	Td
T MOTORS	422, 390	433.40	448, 472	Sd
T STEEL	586, 557	610.45	615, 642	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.