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 sharply in negative territory. Banks, Consumer Durables, Healthcare, Oil, Auto, FMCG, IT, Metal, Capital Goods, PSU & Realty have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed weak.

Sensex

Last Close - 15514.79 | Support - 15322, 15160 | Resistance - 15638, 15734

Trading Range - The Sensex opened at 15992.90, moved up to an intra-day high of 15992.90, declined to an intra-day low of 15442.34 and closed at 15514.79.

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 sharply 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 15501 level while significant support at lower levels (15322) - would limit the downside. The outlook has turned weak again while resistance comes in at the 17300+ level and support comes in at the 14700 level.

Dover Secur

Last Close - 166.00 | Support - 157, 117 | Resistance - 199, 237

Trading Range - The scrip opened at 164.00, moved up to an intra-day high of 166.00, declined to an intra-day low of 164.00 and closed at 166.00.

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.

Zicom Elec

Last Close - 161.85 | Support - 151, 111 | Resistance - 182, 240

Trading Range - The scrip opened at 151.00, moved up to an intra-day high of 171.90, declined to an intra-day low of 148.95 and closed at 161.85.

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.

Refex Refrig

Last Close - 229.80 | Support - 221, 186 | Resistance - 230, 276

Trading Range - The scrip opened at 225.00, moved up to an intra-day high of 233.50, declined to an intra-day low of 221.00 and closed at 229.80.

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.

Rankling Solu

Last Close - 142.60 | Support - 123, 091 | Resistance - 146, 172

Trading Range - The scrip opened at 138.70, moved up to an intra-day high of 149.25, declined to an intra-day low of 138.70 and closed at 142.60.

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	615, 573	632.80	656, 697	Dt
DR. REDDY	645, 610	669.65	689, 712	Sd
HUL	224, 216	230.40	240, 252	Dt
INFOSYS	1834, 1785	1870.10	1917, 1951	Sd
ITC	213, 193	216.10	227, 240	Td
RIL	2274, 2180	2307.20	2309, 2426	Dt
SATYAM	475, 443	485.65	493, 522	Sd
SBI	1302, 1258	1331.65	1381, 1418	Dt
T MOTORS	535, 506	542.50	567, 600	Dt
T STEEL	762, 731	815.60	820, 858	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.