Hot stocks of the day

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

Sensex

Last Close - 14508.21 | Support - 14454, 14325 | Resistance - 14524, 14620

Trading Range - The Sensex opened at 14418.98, moved up to an intra-day high of 14530.15, declined to an intra-day low of 14372.07 and closed at 14508.21.

Review/Outlook - The Sensex has reflected some amount of initial weakness, has had a slightly positive opening, has received significant buying support to come off from its intra-day low and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 14530 level while some resistance at higher levels (14620) - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 14600+ level and support comes in at the 14040 level.

Hind. Oil. Exp

Last Close - 106.05 | Support - 099, 085 | Resistance - 109, 127

Trading Range - The scrip opened at 097.70, moved up to an intra-day high of 106.05, declined to an intra-day low of 097.10 and closed at 106.05.

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.

Prime Securities

Last Close - 057.95 | Support - 055, 044 | Resistance - 060, 069

Trading Range - The scrip opened at 053.95, moved up to an intra-day high of 058.70, declined to an intra-day low of 053.00 and closed at 057.95.

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.

Shree Ashtavinayak

Last Close - 192.00 | Support - 177, 157 | Resistance - 228, 269

Trading Range - The scrip opened at 183.20, moved up to an intra-day high of 192.00, declined to an intra-day low of 179.00 and closed at 192.00.

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.

Bombay Burmah

Last Close - 349.55 | Support - 315, 265 | Resistance - 386, 437

Trading Range - The scrip opened at 339.90, moved up to an intra-day high of 362.70, declined to an intra-day low of 339.90 and closed at 349.55.

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	856, 829	870.65	892, 924	Up
DR. REDDY	645, 610	655.55	669, 689	Os
HLL	192, 183	202.60	203, 216	Up
INFOSYS	1883, 1812	1951.60	1962, 2061	Tu
ITC	155, 144	165.00	168, 180	Tu
RIL	1737, 1705	1754.75	1785, 1820	Up
SATYAM	443, 425	472.00	475, 500	Tu
SBI	1304, 1281	1321.95	1332, 1379	Up
T MOTORS	722, 698	741.10	749, 771	Tu
TISCO	617, 593	629.25	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.