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. Fmcg, Banks, Healthcare, Consumer Durables, Realty, IT & Auto have ended positive in varying degrees while Capital Goods, Healthcare, Metal, Psu & Oil have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed shaky.

Sensex

Last Close - 14450.35 | Support - 14431, 14046 | Resistance - 14732, 15037

Trading Range - The Sensex opened at 14643.37, moved up to an intra-day high of 14672.69, declined to an intra-day low of 14416.20 and closed at 14450.35.

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 lower volume. Volatility can be the order of the day; an intra-day downside (seems like a formality) could come in below the 14450 level while significant support at lower levels (14136) - would limit the downside. The outlook has turned negative again while resistance comes in at the 15500+ level and support comes in at the 12780 level.

Ranklin Sol

Last Close - 205.75 | Support - 199, 172 | Resistance - 221, 256

Trading Range - The scrip opened at 203.00, moved up to an intra-day high of 209.85, declined to an intra-day low of 201.30 and closed at 205.75.

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.

Jhun. Vanas

Last Close - 148.40 | Support - 127, 108 | Resistance - 149, 163

Trading Range - The scrip opened at 144.00, moved up to an intra-day high of 150.75, declined to an intra-day low of 144.00 and closed at 148.40.

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.

Refex Refrig

Last Close - 277.90 | Support - 276, 230 | Resistance - 224, 251

Trading Range - The scrip opened at 276.00, moved up to an intra-day high of 282.50, declined to an intra-day low of 272.00 and closed at 277.90.

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.

Gemini Comm

Last Close - 168.95 | Support - 149, 126 | Resistance - 186, 224

Trading Range - The scrip opened at 161.55, moved up to an intra-day high of 168.95, declined to an intra-day low of 161.55 and closed at 168.95.

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.

Daily Stock Track

Scrip	Support	Last Close	Resistance	Trend
ACC	520, 484	556.35	573, 615	Dt
DR. REDDY	579, 530	585.95	610, 645	Td
HUL	240, 224	243.90	252, 266	Sd
INFOSYS	1667, 1599	1703.05	1723, 1785	Sd
ITC	180, 169	183.45	193, 213	Td
RIL	2180, 2115	2230.95	2274, 2309	Sd
SATYAM	385, 366	393.30	406, 443	Td
SBI	1302, 1258	1357.45	1381, 1418	Dt
T MOTORS	422, 390	434.30	448, 472	Sd
T STEEL	557, 533	585.60	586, 615	Dt

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.