Stock picks of the day

The market has capitalised on its gains to stage an audacious rally all throughout to end smartly in positive territory. Banks, Capital Goods, Pharma, Consumer Durables, FMCG, IT and PSU's have all ended positive in varying degrees while no sector has ended in negative territory. Volume registered a sharp increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 8206.83 | Support - 8144, 8083 | Resistance - 8260, 8376

Trading Range - The Sensex opened at 8083.59, moved up to an intra-day high of 8216.42, declined to an intra-day low of 8049.65 and closed at 8206.83.

Review/Outlook - The Sensex has ended in positive territory for the fourth trading session in a row and has comfortable sustained above the 55 Day Moving Average, which is placed at 8040. A further upside cannot be ruled out while intra-day resistance comes in at the 8280 level.

Nesco Ltd (Daily)

Last Close - 611.20 | Support - 550, 483 | Resistance - 613, 650

Trading Range - The scrip opened at 604.00, moved up to an intra-day high of 611.20, declined to an intra-day low of 604.00 and closed at 611.20.

Review/Outlook -The scrip has reflected strength by appreciating with an upward gap and with the indicators looking positive, a further upside seems to be on the cards.

Shivvani Oil Ltd (Daily)

Last Close - 205.30 | Support - 201, 185 | Resistance - 208, 219

Trading Range - The scrip opened at 190.00, moved up to an intra-day high of 206.00, declined to an intra-day low of 190.00 and closed at 205.30.

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

ONGC (Daily)

Last Close - 945.55 | Support - 920, 867 | Resistance - 985, 1029

Trading Range - The scrip opened at 934.00, moved up to an intra-day high of 951.00, declined to an intra-day low of 927.00 and closed at 945.55.

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.

Satyam Comp (Daily)

Last Close - 635.55 | Support - 616, 580 | Resistance - 645, 700

Trading Range - The scrip opened at 630.60, moved up to an intra-day high of 641.90, declined to an intra-day low of 625.00 and closed at 635.55.

Review/Outlook - The scrip has reflected strength to post a fresh 5 year high and with the indicators looking positive, a further upside seems to be on the cards.

Daily Stock Track

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.