Hot stocks for today

The market has moved virtually from open to close to not only post a fresh all time high but has also ended the day in positive territory. Banks, consumer durables, auto, PSU, metals, oil, pharma, IT, capital goods and the FMCG sectors have ended positive in varying degrees while no sector have ended in negative territory.

Volume registered a significant increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close -- 9870.79; Support -- 9820, 9665; Resistance -- 9987, 10100

Trading Range: The Sensex opened at 9764.26, moved up to an intra-day high of 9883.95, declined to an intra-day low of 9764.26 and closed at 9870.79.

Review/Outlook: The Sensex has virtually exploded on higher volume to forge ahead further into uncharted territory and has also posted a fresh all time high. The Sensex has appreciated with an upward gap and while a further upside seems like a distinct possibility the 9665 level would now act as a source of strong support.

Amara Raja. (Daily)

Last Close -- 238.80; Support -- 221, 199; Resistance -- 244, 298

Trading Range: The scrip opened at 230.10, moved up to an intra-day high of 238.80, declined to an intra-day low of 230.10 and closed at 238.80.

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.

Asian Elect. (Daily)

Last Close -- 435.50; Support -- 423, 381; Resistance -- 452, 498

Trading Range: The scrip opened at 426.70, moved up to an intra-day high of 435.60, declined to an intra-day low of 425.00 and closed at 435.60.

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.

TIL Limited (Daily)

Last Close -- 220.95; Support -- 194, 144l; Resistance -- 250, 301

Trading Range: The scrip opened at 210.05, moved up to an intra-day high of 220.95, declined to an intra-day low of 205.35 and closed at 220.95.

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.

Aplab. (Daily)

Last Close -- 132.15; Support -- 132, 104; Resistance -- 163, 185

Trading Range: The scrip opened at 132.15, moved up to an intra-day high of 132.15, declined to an intra-day low of 131.00 and closed at 132.15.

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  

DISCLAIMER: While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.

Sebi Disclosure: The author is an active market participant and could be having positions in the stocks mentioned above.