Stock picks of the day

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

Sensex

Last Close - 17353.54 | Support - 17292, 16964 | Resistance - 17494, 17711

Trading Range - The Sensex opened at 17084.89, moved up to an intra-day high of 17366.19, declined to an intra-day low of 17079.94 and closed at 17353.54.

Review/Outlook - The Sensex has had a solid trading session, has had a positive opening, has moved just one way, has faced buying support even at higher levels, has come off from its intra - day low 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 17369 level while significant resistance at higher levels (17564) - would limit the upside. The outlook is turning stable again while resistance comes in at the 17300+ level and support comes in at the 15300 level.

Fortis Fin. Ser

Last Close - 207.15 | Support - 193, 171 | Resistance - 213, 260

Trading Range - The scrip opened at 199.00, moved up to an intra-day high of 210.00, declined to an intra-day low of 197.00 and closed at 207.15.

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.

Fcs Softw

Last Close - 094.55 | Support - 084, 066 | Resistance - 104, 117

Trading Range - The scrip opened at 093.00, moved up to an intra-day high of 094.55, declined to an intra-day low of 092.50 and closed at 094.55.

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.

Bihar Tubes

Last Close - 180.85 | Support - 168, 139 | Resistance - 204, 239

Trading Range - The scrip opened at 183.90, moved up to an intra-day high of 183.90, declined to an intra-day low of 177.00 and closed at 180.85.

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.

Kirloskar Pn

Last Close - 472.70 | Support - 413, 376 | Resistance - 520, 580

Trading Range - The scrip opened at 447.00, moved up to an intra-day high of 474.00, declined to an intra-day low of 430.00 and closed at 472.70.

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	656, 615	682.10	697, 724	Sd
DR. REDDY	645, 610	654.20	689, 712	Tu
HUL	224, 216	238.60	240, 251	Sd
INFOSYS	1834, 1785	1891.30	1917, 1999	Up
ITC	213, 193	226.55	227, 240	Up
RIL	2615, 2539	2622.65	2684, 2724	Sd
SATYAM	475, 443	483.90	493, 522	Up
SBI	1678, 1624	1680.70	1722, 1760	Sd
T MOTORS	635, 600	662.65	670, 698	Tu
T STEEL	858, 820	881.90	890, 924	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.