Stock picks of the day

The market has staged a smart rally despite being relatively range bound from an intra-day point of view and has ended the day clearly in positive territory. Banks, Capital Goods, Pharma, IT, Auto, Metals, Oil and PSU's have ended positive in varying degrees while Consumer Durables and FMCG have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 10802 | Support - 10800, 10740 | Resistance - 10900, 11000

Trading Range - The Sensex opened at 10797, moved up to an intra-day high of 10896, declined to an intra-day low of 10761 and closed at 10802.

Review/Outlook - The Sensex has almost created history and has come within striking distance of posting a fresh all time high and has shown a significant amount of resilience to end smartly in positive territory from what was a potentially weak intra-day situation. The outlook remains positive and an intra-day upside above the 10896 level seems like a distinct possibility.                             

Dolphin Off. (Daily)

Last Close - 326.80 | Support - 285, 238 | Resistance - 329, 363

Trading Range - The scrip opened at 300.00, moved up to an intra-day high of 326.80, declined to an intra-day low of 294.00 and closed at 326.80.

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

G M Brew. (Daily)

Last Close - 077.55 | Support - 069, 058 | Resistance - 091, 108

Trading Range - The scrip opened at 076.35, moved up to an intra-day high of 077.55, declined to an intra-day low of 075.00 and closed at 077.55.

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.

Prime Property (Daily)

Last Close - 092.90 | Support - 084, 063 | Resistance - 102, 117

Trading Range - The scrip opened at 092.85, moved up to an intra-day high of 092.90, declined to an intra-day low of 090.90 and closed at 092.90.

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. 

Nagreeka Exports. (Daily)

Last Close - 082.45 | Support - 081, 069 | Resistance - 087, 099 

Trading Range - The scrip opened at 077.10, moved up to an intra-day high of 082.45, declined to an intra-day low of 077.00 and closed at 082.45.

Review/Outlook - The scrip has reflected strength by moving up virtually from open to close 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	750, 724	762.65	800, 850	Up
DR. REDDY	1342, 1282	1350.45	1400, 1466	Tu
HLL	252, 240	256.75	266, 281	Up
INFOSYS	2813, 2769	2921.65	2938, 3075	Tu
ITC	170, 155	173.75	190, 210	Up
RIL	750, 725	768.50	775, 800	Up
SATYAM	810, 770	823.85	900, 950	Tu
SBI	950, 926	961.90	1000, 1050	Up
T MOTORS	900, 850	919.00	950, 999	Up
TISCO	466, 452	470.10	500, 550	Up

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.

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