Stock picks of the day

The market has moved up virtually from open to close to continue its good work to end in positive territory. Banks, Consumer Durables, Capital Goods, Metals, Oil, FMCG, Pharma, IT, Auto and the PSU sector 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 - 9648.08 | Support - 9600, 9500 | Resistance - 9700, 9800

Trading Range - The Sensex opened at 9523.29, moved up to an intra-day high of 9664.94, declined to an intra-day low of 9523.29 and closed at 9648.08.

Review/Outlook - The Sensex has continued its upward march to notch up another historic high in uncharted territory and is comfortable perched well above the 9423 level. The outlook continues to remain positive and despite the lack of any known resistance levels, a further upside from here seems to be on the cards.       

Kirl. Pneum. (Daily)

Last Close - 247.40 | Support - 215, 188 | Resistance - 250, 300 

Trading Range - The scrip opened at 237.50, moved up to an intra-day high of 247.40, declined to an intra-day low of 236.00 and closed at 247.40.

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. 

Murud. Cer. (Daily)

Last Close - 143.10 | Support - 131, 117 | Resistance - 149, 183

Trading Range - The scrip opened at 130.00, moved up to an intra-day high of 143.10, declined to an intra-day low of 127.00 and closed at 143.10.

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. 

Mro-Tek. (Daily)

Last Close - 096.10 | Support - 089, 073 | Resistance - 108, 143

Trading Range - The scrip opened at 088.30, moved up to an intra-day high of 096.10, declined to an intra-day low of 087.40 and closed at 096.10.

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.

Brescon Corp. (Daily)

Last Close - 115.60 | Support - 112, 093 | Resistance - 125, 160 

Trading Range - The scrip opened at 114.00, moved up to an intra-day high of 115.60, declined to an intra-day low of 110.00 and closed at 115.60.

Review/Outlook - The scrip has reflected strength by moving 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	542, 516	553.70	569, 610	Tu
DR. REDDY	998, 934	1020.50	1049, 1089	Up
HLL	192, 183	195.00	203, 216	Tu
INFOSYS	2938, 2813	3052.25	3074, 3453	Tu
ITC	144, 136	146.80	155, 170	Tu
RIL	900, 850	929.60	950, 1000	Up
SATYAM	750, 700	765.60	800, 850	Up
SBI	900, 871	918.15	926, 950	Sd
T MOTORS	650, 600	658.35	670, 700	Tu
TISCO	373, 361	383.55	390, 411	Tu

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.