Stock picks 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 positive territory. Banks, Consumer Durables, IT, Auto, Realty & Healthcare have ended negative in varying degrees while Capital Goods, Metal, PSU, FMCG & Oil have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed mixed.

Sensex

Last Close - 15750.40 | Support - 15734, 15330 | Resistance - 15956, 16308

Trading Range - The Sensex opened at 16023.30, moved up to an intra-day high of 16236.70, declined to an intra-day low of 15719.47 and closed at 15750.40.

Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended in positive territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15773 level while significant resistance at higher levels (15882) - would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 14700 level.

Technocraft

Last Close - 069.95 | Support - 053, 037 | Resistance - 071, 105

Trading Range - The scrip opened at 068.70, moved up to an intra-day high of 073.40, declined to an intra-day low of 066.05 and closed at 069.95.

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

Rain Commodities

Last Close - 215.10 | Support - 199, 159 | Resistance - 234, 267

Trading Range - The scrip opened at 205.00, moved up to an intra-day high of 215.10, declined to an intra-day low of 205.00 and closed at 215.10.

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

Til Ltd

Last Close - 408.95 | Support - 355, 311 | Resistance - 424, 515

Trading Range - The scrip opened at 415.60, moved up to an intra-day high of 415.60, declined to an intra-day low of 401.10 and closed at 408.95.

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

Sh. Precoated

Last Close - 193.55 | Support - 186, 163 | Resistance - 240, 277

Trading Range - The scrip opened at 198.45, moved up to an intra-day high of 198.45, declined to an intra-day low of 191.00 and closed at 193.55.

Review/Outlook - The scrip has reflected strength by appreciating 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, 778	833.95	856, 892	Tu
DR. REDDY	579. 530	602.60	610, 645	Tu
HUL	224, 216	235.80	240, 252	Up
INFOSYS	1457, 1425	1481.95	1510, 1667	Sd
ITC	193, 180	208.10	213, 227	Up
RIL	2309, 2274	2343.60	2426, 2539	Tu
SATYAM	406, 385	407.25	425, 443	Sd
SBI	1624, 1539	1652.55	1760, 1802	Sd
T MOTORS	635, 600	637.80	670, 698	Sd
T STEEL	614, 586	645.95	642, 670	Td

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.