Stock picks of the day

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

Sensex

Last Close - 14903.03 | Support - 14830, 14723 | Resistance - 14964, 15115

Trading Range - The Sensex opened at 14892.60, moved up to an intra-day high of 14928.80, declined to an intra-day low of 14705.58 and closed at 14903.03.

Review/Outlook - The Sensex has had a negative trading session, has had a weak opening, has depreciated after facing selling pressure at lower levels, has come off from its intra - day low and has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a formality) could come in above the 14929 level while some resistance at higher levels (15105) - could limit the upside. The outlook seems to have turned negative again while resistance comes in at the 16000+ level and support comes in at the 14683 level.

Ankur Drugs

Last Close - 437.35 | Support - 389, 360 | Resistance - 442, 464

Trading Range - The scrip opened at 416.00, moved up to an intra-day high of 437.35, declined to an intra-day low of 404.00 and closed at 437.35.

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.

Wearology

Last Close - 222.10 | Support - 210, 178 | Resistance - 230, 252

Trading Range - The scrip opened at 213.90, moved up to an intra-day high of 222.10, declined to an intra-day low of 212.05 and closed at 222.10.

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.

Genus Overseas

Last Close - 425.05 | Support - 404, 379 | Resistance - 450, 475

Trading Range - The scrip opened at 385.00, moved up to an intra-day high of 425.10, declined to an intra-day low of 385.00 and closed at 425.05.

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.

Accent Tech

Last Close - 191.85 | Support - 176, 146 | Resistance - 195, 220

Trading Range - The scrip opened at 183.00, moved up to an intra-day high of 191.95, declined to an intra-day low of 177.00 and closed at 191.85.

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	965, 924	979.05	994, 1057	Td
DR. REDDY	610, 579	626.45	645, 669	Dt
HUL	192, 183	200.15	203, 216	Tu
INFOSYS	1812, 1723	1866.85	1883, 1962	Dt
ITC	168, 155	172.35	180, 190	Up
RIL	1737, 1705	1782.15	1785, 1834	Sd
SATYAM	443, 425	461.55	471, 496	Sd
SBI	1636, 1591	1681.85	1700, 1750	Tu
T MOTORS	635, 610	649.60	670, 698	Td
TISCO	646, 617	649.95	670, 695	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.