Stock picks of the day

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

Sensex

Last Close - 15769.72 | Support - 15734, 15638 | Resistance - 15956, 16165

Trading Range - The Sensex opened at 15479.65, moved up to an intra-day high of 15814.80, declined to an intra-day low of 15314.02 and closed at 15769.72.

Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved both ways, has faced buying support at lower levels, has come off from its intra - day low and has finally ended sharply in positive territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 15829 level while significant resistance at higher levels (15938) - would limit the upside. 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 - 174.30 | Support - 157, 117 | Resistance - 199, 237

Trading Range - The scrip opened at 171.00, moved up to an intra-day high of 174.30, declined to an intra-day low of 171.00 and closed at 174.30.

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 - 160.85 | Support - 151, 111 | Resistance - 182, 240

Trading Range - The scrip opened at 165.00, moved up to an intra-day high of 168.50, declined to an intra-day low of 155.00 and closed at 160.85.

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 - 231.05 | Support - 221, 186 | Resistance - 276, 305

Trading Range - The scrip opened at 226.50, moved up to an intra-day high of 233.00, declined to an intra-day low of 226.10 and closed at 231.05.

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.

Rankling Solu

Last Close - 150.50 | Support - 146, 123 | Resistance - 172, 199

Trading Range - The scrip opened at 144.50, moved up to an intra-day high of 153.00, declined to an intra-day low of 144.50 and closed at 150.50.

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	639.70	656, 697	Dt
DR. REDDY	689, 645	701.00	712, 737	Sd
HUL	224, 216	237.85	240, 252	Dt
INFOSYS	1951, 1917	1979.40	2010, 2079	Sd
ITC	213, 193	222.35	227, 240	Td
RIL	2180, 2105	2247.65	2274, 2309	Dt
SATYAM	493, 475	512.20	522, 554	Tu
SBI	1302, 1258	1354.25	1381, 1418	Dt
T MOTORS	506, 478	532.60	535, 567	Dt
T STEEL	820, 762	840.90	858, 890	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.