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, FMCG, Consumer Durables, Healthcare, IT, Realty, Oil, Auto, Capital Goods & PSU have ended positive in varying degrees while Metals have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed better.

Sensex

Last Close - 13454.00 | Support - 13406, 13146 | Resistance - 13554, 13780

Trading Range - The Sensex opened at 13127.10, moved up to an intra-day high of 13509.74, declined to an intra-day low of 13027.79 and closed at 13454.00.

Review/Outlook - The Sensex has had a mixed trading session, has had a positive 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 possibility) could come in above the 13471 level while significant resistance at higher levels (13700) - would limit the upside. The outlook has turned weak again while resistance comes in at the 14700+ level and support comes in at the 12800 level.

Saregama

Last Close - 099.05 | Support - 091, 078 | Resistance - 109, 127

Trading Range - The scrip opened at 093.50, moved up to an intra-day high of 099.05, declined to an intra-day low of 092.00 and closed at 099.05.

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.

Jhun. Vanaspati

Last Close - 120.40 | Support - 108, 089 | Resistance - 127, 149

Trading Range - The scrip opened at 113.00, moved up to an intra-day high of 120.40, declined to an intra-day low of 109.00 and closed at 120.40.

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.

Zylog Sys

Last Close - 242.90 | Support - 228, 204 | Resistance - 253, 279

Trading Range - The scrip opened at 233.00, moved up to an intra-day high of 242.90, declined to an intra-day low of 230.00 and closed at 242.90.

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.

Shreeram Ltd

Last Close - 110.10 | Support - 101, 087 | Resistance - 128, 151

Trading Range - The scrip opened at 101.30, moved up to an intra-day high of 110.90, declined to an intra-day low of 101.30 and closed at 110.10.

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	460, 433	477.95	484, 520	Dt
DR. REDDY	645, 610	645.50	689, 712	Dt
HUL	192, 179	201.60	203, 216	Dt
INFOSYS	1723, 1667	1755.40	1785, 1834	Sd
ITC	169, 155	170.80	180, 193	Dt
RIL	2079, 1999	2099.00	2115, 2180	Dt
SATYAM	443, 425	462.15	475, 493	Dt
SBI	1101, 1044	1127.50	1146, 1202	Dt
T MOTORS	390, 367	400.85	422, 448	Dt
T STEEL	614, 586	640.10	652, 670	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.