Stock picks of the day

The market has remained volatile, has moved just one way and has finally ended the day in positive territory. Banks, Capital Goods, Auto, Metals, PSU's and IT have ended positive in varying degrees while Consumer Durables, FMCG, Healthcare and Oil have ended in negative territory. Volume registered a sharp increase (read as turnover) while the undertone seemed upbeat.

Sensex (Daily)

Last Close - 12698.41 | Support - 12622, 12546 | Resistance - 12711, 12819

Trading Range - The Sensex opened at 12636.16, moved up to an intra-day high of 12718.31, declined to an intra-day low of 12636.16 and closed at 12698.41.

Review/Outlook - The Sensex has reflected some amount of indecision by staying within the previous day's trading range but has moved up virtually from open to close and has ended smartly in positive territory on significantly higher volume. A range bound movement seems to be on the cards while an intra-day upside cannot be ruled out especially above the 12718 level but strong resistance at the 12760 level could lead to some amount of selling pressure.                           

Ansal Infra. (Daily)

Last Close - 763.80 | Support - 750, 725 | Resistance - 800, 850

Trading Range - The scrip opened at 721.00, moved up to an intra-day high of 763.80, declined to an intra-day low of 721.00 and closed at 763.80.

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. 

Ruby Mills. (Daily)

Last Close - 356.60 | Support - 320, 286 | Resistance - 367, 433

Trading Range - The scrip opened at 350.00, moved up to an intra-day high of 356.60, declined to an intra-day low of 333.00 and closed at 356.60.

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.

Godrej Ind. (Daily)

Last Close - 137.25 | Support - 120, 088 | Resistance - 145, 175

Trading Range - The scrip opened at 133.70, moved up to an intra-day high of 137.25, declined to an intra-day low of 132.75 and closed at 137.25.

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.

GMR Ind. (Daily)

Last Close - 316.90 | Support - 310, 257 | Resistance - 368, 440

Trading Range - The scrip opened at 309.70, moved up to an intra-day high of 316.90, declined to an intra-day low of 303.00 and closed at 316.90.

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.

Daily Stock Track               

Scrip	Support	Last Close	Resistance	Trend
ACC	924, 892	977.30	979, 1022	Sd
DR. REDDY	700, 671	711.75	733, 757	Sd
HLL	224, 216	224.95	240, 252	Dt
INFOSYS	2000, 1900	2072.40	2100, 2200	Sd
ITC	180, 168	184.30	190, 210	Sd
RIL	1171, 1136	1175.20	1195, 1250	Up
SATYAM	430, 415	430.60	443, 475	Tu
SBI	1050, 1000	1065.80	1100, 1190	Tu
T MOTORS	841, 811	871.75	888, 944	Tu
TISCO	500, 480	501.35	530, 550	Sd

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.