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. Banks, Consumer Durables, FMCG, Healthcare & Auto have ended positive in varying degrees while the Capital Goods, Metals, Oil, PSU & IT sector has ended in negative territory. Volume registered a nominal increase (read as turnover) while the undertone seemed hazy.

Sensex

Last Close - 14467.36 | Support - 14454, 14325 | Resistance - 14524, 14620

Trading Range - The Sensex opened at 14508.63, moved up to an intra-day high of 14560.32, declined to an intra-day low of 14441.76 and closed at 14467.36.

Review/Outlook - The Sensex has reflected significant amount of strength, has had a rather strong opening, hasn't been able to sustain itself at higher levels after facing some selling pressure, has come off from its intra - day high, has finally ended in negative territory on marginally higher volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 14441 level while some support at lower levels (14390) - could limit the downside. The outlook seems to have turned better again while resistance comes in at the 14679+ level and support comes in at the 14040 level.

Vakrangee Soft

Last Close - 178.10 | Support - 162, 130 | Resistance - 207, 232

Trading Range - The scrip opened at 165.00, moved up to an intra-day high of 178.10, declined to an intra-day low of 165.00 and closed at 178.10.

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.

Network Fincap

Last Close - 524.20 | Support - 484, 447 | Resistance - 553, 589

Trading Range - The scrip opened at 512.00, moved up to an intra-day high of 524.20, declined to an intra-day low of 507.00 and closed at 524.20.

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.

Amara Raja

Last Close - 433.15 | Support - 424, 402 | Resistance - 477, 500

Trading Range - The scrip opened at 416.90, moved up to an intra-day high of 433.15, declined to an intra-day low of 410.15 and closed at 433.15.

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.

Heritage Foods

Last Close - 267.15 | Support - 260, 228 | Resistance - 287, 332

Trading Range - The scrip opened at 258.90, moved up to an intra-day high of 267.15, declined to an intra-day low of 258.15 and closed at 267.15.

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	851.00	856, 892	Up
DR. REDDY	645, 610	650.25	669, 689	Up
HLL	183, 172	191.60	192, 203	Tu
INFOSYS	1883, 1812	1950.70	1962, 2061	Sd
ITC	144, 136	154.05	155, 168	Sd
RIL	1645, 1625	1704.05	1705, 1737	Up
SATYAM	443, 425	461.80	475, 500	Sd
SBI	1455, 1402	1455.80	1479, 1500	Up
T MOTORS	670, 635	684.45	698, 722	Tu
TISCO	593, 570	598.95	617, 646	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.