Stock picks of the day

The market has moved down virtually from open to close after posting a new high and has ended the day clearly in negative territory. Banks, Metals, Pharma, Capital Goods, Oil, IT and PSU's have ended negative in varying degrees while Consumer Durables, FMCG and Auto have ended in positive territory. Volume registered an increase (read as turnover) while the undertone seemed subdued.

Sensex (Daily)

Last Close - 10087 | Support - 9987, 9880 | Resistance - 10100, 10200

Trading Range - The Sensex opened at 10181, moved up to an intra-day high of 10185, declined to an intra-day low of 10064 and closed at 10087.

Review/Outlook - The Sensex has once again created history to post a fresh all time high but hasn't been able to sustain itself at the stratosphere and has run into selling pressure at higher levels on expected lines. The near term picture is hazy and a range bound movement cannot be ruled out while an intra-day downside could come in only below the 10064 level - support comes in at the 9987 and the 9945 level.        

Goldiam Int. (Daily)

Last Close - 140.85 | Support - 139, 126 | Resistance - 171, 199

Trading Range - The scrip opened at 136.30, moved up to an intra-day high of 140.85, declined to an intra-day low of 132.65 and closed at 140.85.

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. 

Garware Ship. (Daily)

Last Close - 082.80 | Support - 067, 059 | Resistance - 088, 102

Trading Range - The scrip opened at 078.00, moved up to an intra-day high of 082.80, declined to an intra-day low of 077.80 and closed at 082.80.

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.

Champagne Ind. (Daily)

Last Close - 403.70 | Support - 386, 343 | Resistance - 455, 487

Trading Range - The scrip opened at 383.80, moved up to an intra-day high of 408.45, declined to an intra-day low of 369.00 and closed at 403.70.

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. 

Titanor Comp. (Daily)

Last Close - 269.55 | Support - 255, 238 | Resistance - 280, 299 

Trading Range - The scrip opened at 227.00, moved up to an intra-day high of 269.55, declined to an intra-day low of 217.00 and closed at 269.55.

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	569, 542	575.55	610, 639	Sd
DR. REDDY	1150, 1089	1167.80	1225, 1282	Up
HLL	224, 216	224.45	240, 266	Up
INFOSYS	2813, 2769	2823.10	2938, 3074	Sd
ITC	155, 144	163.65	170, 190	Up
RIL	700, 675	714.00	725, 750	Tu
SATYAM	730, 705	736.95	752, 770	Tu
SBI	850, 830	868.65	871, 900	Sd
T MOTORS	750, 700	766.60	800, 850	Up
TISCO	373, 361	383.40	390, 411	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.