Hot stocks of the day

The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in negative territory. Oil, Consumer Durables Healthcare, PSU, Auto, IT & Capital Goods have ended negative in varying degrees while Banks, FMCG & Metals have ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed subdued.

Sensex

Last Close - 14495.77 | Support - 14454, 14325 | Resistance - 14524, 14620

Trading Range - The Sensex opened at 14618.78, moved up to an intra-day high of 14683.36, declined to an intra-day low of 14465.68 and closed at 14495.77.

Review/Outlook - The Sensex has reflected some amount of weakness, has had a rather positive opening, but has run into significant selling pressure to come off from its intra- day high and has finally ended in negative territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside (seems to be a possibility) could come in below the 14465 level while some support at lower levels (14368) - could limit the downside. The outlook seems to have turned better again while resistance comes in at the 14700+ level and support comes in at the 14040 level.

Asian Elect

Last Close - 637.05 | Support - 625, 597 | Resistance - 650, 700

Trading Range - The scrip opened at 636.70, moved up to an intra-day high of 652.80, declined to an intra-day low of 625.00 and closed at 637.05.

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 Precoated

Last Close - 372.75 | Support - 346, 296 | Resistance - 385, 439

Trading Range - The scrip opened at 363.90, moved up to an intra-day high of 372.75, declined to an intra-day low of 360.00 and closed at 372.75.

Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Vyapar Ind.

Last Close - 110.00 | Support - 105, 090 | Resistance - 112, 134

Trading Range - The scrip opened at 107.00, moved up to an intra-day high of 110.00, declined to an intra-day low of 107.00 and closed at 110.00.

Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Pyramid Saimira

Last Close - 368.50 | Support - 348, 296 | Resistance - 390, 441

Trading Range - The scrip opened at 339.35, moved up to an intra-day high of 368.50, declined to an intra-day low of 339.35 and closed at 368.50.

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	829, 793	838.75	856, 892	Sd
DR. REDDY	645, 610	654.70	669, 689	Sd
HLL	192, 183	196.45	203, 216	Sd
INFOSYS	1883, 1812	1916.45	1962, 2061	Sd
ITC	155, 144	164.75	168, 180	Sd
RIL	1737, 1705	1739.80	1785, 1820	Up
SATYAM	443, 425	467.35	475, 500	Tu
SBI	1362, 1332	1406.65	1425, 1450	Up
T MOTORS	698, 670	711.45	722, 749	Sd
TISCO	617, 593	636.80	646, 670	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.