Stock picks of the day

The market has continued where it left off yesterday to forge ahead to once again end the day in positive territory. The capital goods, FMCG, auto, banks, oil, PSU, and the metals sector have ended positive in varying degrees while consumer durables, pharma and the IT sector has ended in negative territory. Volume registered a significant increase (read as turnover) while the undertone seemed hopeful.

Sensex (Daily)

Last Close - 9520.96 | Support - 9423, 9348 | Resistance - 9547, 9665

Trading Range - The Sensex opened at 9493.39, moved up to an intra-day high of 9556.19, declined to an intra-day low of 9466.10 and closed at 9520.96.

Review/Outlook - The Sensex has reflected a significant amount of resilience and tenacity thereby removing the question of sustainability for the time being especially after the 400 point recovery in the last 3 trading sessions. The outlook is slowly turning positive while some amount of selling pressure at higher levels cannot be ruled out today.        

Indian Hume Pipe. (Daily)

Last Close - 296.80 | Support - 280, 259 | Resistance - 321, 380

Trading Range – The scrip opened at 271.00, moved up to an intra-day high of 296.80, declined to an intra-day low of 271.00 and closed at 296.80.

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. 

Kirl. Pneumatic.  (Daily)

Last Close - 260.05 | Support - 250, 215 | Resistance - 300, 350

Trading Range - The scrip opened at 252.40, moved up to an intra-day high of 260.05, declined to an intra-day low of 250.25 and closed at 260.05.

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.  

Astra Micro. (Daily)

Last Close - 209.10 | Support - 199, 174 | Resistance - 225, 264

Trading Range - The scrip opened at 203.00, moved up to an intra-day high of 209.10, declined to an intra-day low of 203.00 and closed at 209.10.

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. 

Goldiam Int. (Daily) 

Last Close - 132.30 | Support - 126, 103 | Resistance - 139, 171 

Trading Range - The scrip opened at 132.30, moved up to an intra-day high of 132.30, declined to an intra-day low of 128.20 and closed at 132.30.

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.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	542, 516	547.35	569, 610	Td
DR. REDDY	998, 934	1028.45	1049, 1089	SD
HLL	183, 172	186.05	192, 203	Sd
INFOSYS	2769, 2650	2811.15	2813, 2938	Dt
ITC	144, 136	147.00	155, 170	Tu
RIL	700, 675	703.35	725, 750	Sd
SATYAM	730, 705	743.35	770, 810	Sd
SBI	900, 871	906.20	926, 950	Td
T MOTORS	650, 635	659.40	670, 700	Sd
TISCO	361, 349	362.55	373, 390	Sd

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.