Stock picks of the day

The market staged a smart rally to virtually move up from open to close and has ended the day clearly in positive territory. Banks, Metals, Oil & Gas, Capital Goods, FMCG, Consumer Durables, Pharma, Auto and PSU's have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed positive.

Sensex (Daily)

Last Close - 10765 | Support - 10740, 10662 | Resistance - 10800, 10900

Trading Range - The Sensex opened at 10582, moved up to an intra-day high of 10782, declined to an intra-day low of 10582 and closed at 10765.

Review/Outlook - The Sensex has reflected strength to post a fresh all time high and has also given an all time high closing to end sharply in positive territory but surprisingly enough on lower volume. The outlook continues to remain positive and with no known barriers in sight a further upside cannot be ruled out.                         

Binani Ind. (Daily)

Last Close - 101.65 | Support - 095, 077 | Resistance - 125, 162

Trading Range - The scrip opened at 099.70, moved up to an intra-day high of 101.65, declined to an intra-day low of 099.70 and closed at 101.65.

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. 

Ansal Infra. (Daily)

Last Close - 661.05 | Support - 650, 620 | Resistance - 675, 700

Trading Range - The scrip opened at 637.40, moved up to an intra-day high of 661.05, declined to an intra-day low of 631.50 and closed at 661.05.

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.

Shree Cement (Daily)                                         Last Close – 876.60

Support – 850, 803             Resistance – 900, 950

Trading Range – The scrip opened at 842.20, moved up to an intra-day high of 876.60, declined to an intra-day low of 842.00 and closed at 876.60.

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. 

Unitech. (Daily)

Last Close - 2215.15 | Support - 2108, 1959 | Resistance - 2240, 2350 

Trading Range - The scrip opened at 2138.00, moved up to an intra-day high of 2215.15, declined to an intra-day low of 2138.00 and closed at 2215.15.

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	759.50	800, 850	Up
DR. REDDY	1342, 1282	1350.60	1400, 1466	Tu
HLL	240, 224	251.90	252, 266	Up
INFOSYS	2813, 2769	2914.85	2938, 3075	Tu
ITC	170, 155	177.25	190, 210	Up
RIL	725, 700	732.15	750, 775	Tu
SATYAM	810, 770	815.30	900, 950	Tu
SBI	900, 871	920.15	926, 950	Up
T MOTORS	850, 800	895.80	900, 950	Up
TISCO	452, 437	454.90	466, 500	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.