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 sharply in negative territory. Healthcare, FMCG, Banks, Consumer Durables , Realty, IT, Metal, Oil, Auto, Capital Goods & PSU 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 panicky.

Sensex

Last Close - 13802.22 | Support - 13780, 13554 | Resistance - 13810, 14046

Trading Range - The Sensex opened at 14127.76, moved up to an intra-day high of 14127.76, declined to an intra-day low of 13760.24 and closed at 13802.22.

Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved just one ways, has faced selling pressure even at lower 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 only below the 13800 level while significant support at lower levels (13502) - would limit the downside. The outlook has turned weak again while resistance comes in at the 14700+ level and support comes in at the 12300 level.

Reliance Pet

Last Close - 173.35 | Support - 162, 147 | Resistance - 184, 206

Trading Range - The scrip opened at 169.00, moved up to an intra-day high of 177.95, declined to an intra-day low of 167.50 and closed at 173.35.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Purvankara Ltd

Last Close - 170.05 | Support - 156, 140 | Resistance - 179, 198

Trading Range - The scrip opened at 166.00, moved up to an intra-day high of 173.90, declined to an intra-day low of 156.05 and closed at 170.05.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

NTPC

Last Close - 151.05 | Support - 141, 126 | Resistance - 155, 169

Trading Range - The scrip opened at 150.00, moved up to an intra-day high of 153.00, declined to an intra-day low of 148.75 and closed at 151.05.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Cesc Limited

Last Close - 404.65 | Support - 398, 373 | Resistance - 419, 443

Trading Range - The scrip opened at 400.00, moved up to an intra-day high of 414.60, declined to an intra-day low of 380.25 and closed at 404.65.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Daily Stock Track               

Scrip	Support	Last Close	Resistance	Trend
ACC	573, 520	579.30	615, 656	Dt
DR. REDDY	645, 610	653.15	689, 712	Dt
HUL	203, 192	208.50	216, 224	Dt
INFOSYS	1667, 1510	1707.60	1723, 1785	Td
ITC	180, 169	183.95	193, 213	Dt
RIL	2180, 2115	2181.90	2274, 2309	Dt
SATYAM	425, 406	439.80	443, 475	Dt
SBI	1146, 1101	1158.30	1202, 1258	Dt
T MOTORS	448, 422	449.10	465, 483	Dt
T STEEL	695, 670	726.75	731, 762	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.