Stock picks of the day

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

Sensex

Last Close - 16737.07 | Support - 16681, 16416 | Resistance - 16964, 17292

Trading Range - The Sensex opened at 17020.79, moved up to an intra-day high of 17125.95, declined to an intra-day low of 16678.94 and closed at 16737.07.

Review/Outlook - The Sensex has had a weak trading session, has had a negative opening, has moved just one way, has faced selling pressure even at lower levels, has come off from its intra - day high and has finally ended in negative territory on higher volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 16722 level while significant support at lower levels (16600) - would limit the downside and result in a late recovery. The outlook is turning negative again while resistance comes in at the 17300+ level and support comes in at the 15300 level.

Oscar Invest

Last Close - 127.65 | Support - 118, 082 | Resistance - 144, 197

Trading Range - The scrip opened at 127.50, moved up to an intra-day high of 127.65, declined to an intra-day low of 115.65 and closed at 127.65.

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.

Sanra Softw

Last Close - 074.45 | Support - 062, 048 | Resistance - 076, 098

Trading Range - The scrip opened at 073.80, moved up to an intra-day high of 074.45, declined to an intra-day low of 068.80 and closed at 074.45.

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.

Keynote Corp. Ser

Last Close - 142.55 | Support - 117, 092 | Resistance - 149, 182

Trading Range - The scrip opened at 129.25, moved up to an intra-day high of 142.55, declined to an intra-day low of 129.25 and closed at 142.55.

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.

Jaihind Proj

Last Close - 128.20 | Support - 113, 085 | Resistance - 152, 204

Trading Range - The scrip opened at 117.90, moved up to an intra-day high of 128.20, declined to an intra-day low of 117.90 and closed at 128.20.

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	697, 656	712.00	724, 750	Dt
DR. REDDY	610, 579	628.45	645, 689	Sd
HUL	240, 224	250.40	252, 272	Up
INFOSYS	1723, 1667	1750.50	1785, 1834	Sd
ITC	213, 193	218.30	227, 240	Up
RIL	2426, 2309	2527.65	2539, 2615	Td
SATYAM	443, 425	473.40	475, 493	Up
SBI	1624, 1539	1675.70	1678, 1722	Dt
T MOTORS	635, 600	668.80	670, 698	Tu
T STEEL	820, 762	843.90	858, 890	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.