Stock picks of the day

The market come off its intra-day lows to stage a strong comeback and has ended the day sharply in positive territory. Consumer Durables, Pharma, Metals, Auto, PSU, FMCG, IT and Oil and have ended positive in varying degrees while Banks and the Capital Goods sector have ended in negative territory. Volume registered a sharp decrease (read as turnover) while the undertone seemed hopeful.

Sensex (Daily)

Last Close - 10079 | Support - 9987, 9880 | Resistance - 10100, 10192

Trading Range - The Sensex opened at 10002, moved up to an intra-day high of 10093, declined to an intra-day low of 9896.64 and closed at 10079.

Review/Outlook - The Sensex has staged a smart recovery from lower levels to give an upward key reversal on the daily chart but to complicate things this has happened on significantly lower volume. An intra-day upside above the 10093 level cannot be ruled out but it remains to be seen whether these levels are sustainable till the closing or not.           

Gupta Synth. (Daily)

Last Close - 170.25 | Support - 160, 137 | Resistance - 175, 207

Trading Range - The scrip opened at 161.00, moved up to an intra-day high of 170.25, declined to an intra-day low of 160.00 and closed at 170.25.

Review/Outlook - The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards. 

G M Breweries. (Daily)

Last Close - 085.70 | Support - 069, 058 | Resistance - 091, 108

Trading Range - The scrip opened at 082.95, moved up to an intra-day high of 085.70, declined to an intra-day low of 078.10 and closed at 085.70.

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.

Greenply Ind. (Daily)

Last Close - 123.70 | Support - 097, 063 | Resistance - 125, 160

Trading Range - The scrip opened at 120.00, moved up to an intra-day high of 123.70, declined to an intra-day low of 120.00 and closed at 123.70.

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. 

Kirl. Pneum. (Daily)

Last Close - 286.40 | Support - 250, 215 | Resistance - 300, 350 

Trading Range - The scrip opened at 273.00, moved up to an intra-day high of 286.40, declined to an intra-day low of 273.00 and closed at 286.40.

Review/Outlook - The scrip has reflected strength by moving up virtually from open to close 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	569, 542	591.75	610, 639	Sd
DR. REDDY	1282, 1225	1331.80	1342, 1400	Up
HLL	224, 216	238.80	240, 266	Up
INFOSYS	2813, 2769	2829.10	2938, 3074	Sd
ITC	155, 144	162.60	170, 190	Up
RIL	700, 675	701.45	725, 750	Td
SATYAM	752, 730	754.60	770, 810	Tu
SBI	850, 830	864.10	871, 900	Td
T MOTORS	750, 700	782.85	800, 850	Up
TISCO	390, 373	395.35	411, 425	Tu

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.

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