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

Sensex

Last Close - 13525.99 | Support - 13406, 13146 | Resistance - 13554, 13780

Trading Range - The Sensex opened at 13561.92, moved up to an intra-day high of 13793.39, declined to an intra-day low of 13475.78 and closed at 13525.99.

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 mildly in positive 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 13518 level while significant support at lower levels (13335) - would limit the downside. The outlook has turned weak again while resistance comes in at the 14700+ level and support comes in at the 12800 level.

Gayatri Proj

Last Close - 209.60 | Support - 198, 164 | Resistance - 240, 283

Trading Range - The scrip opened at 197.70, moved up to an intra-day high of 209.65, declined to an intra-day low of 197.70 and closed at 209.60.

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.

Jhun. Vanaspati

Last Close - 126.05 | Support - 108, 089 | Resistance - 127, 149

Trading Range - The scrip opened at 125.00, moved up to an intra-day high of 132.40, declined to an intra-day low of 125.00 and closed at 126.05.

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.

Zylog Sys

Last Close - 252.65 | Support - 228, 204 | Resistance - 253, 279

Trading Range - The scrip opened at 248.75, moved up to an intra-day high of 256.90, declined to an intra-day low of 247.00 and closed at 252.65.

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 - 115.25 | Support - 101, 087 | Resistance - 128, 151

Trading Range - The scrip opened at 115.00, moved up to an intra-day high of 115.25, declined to an intra-day low of 108.10 and closed at 115.25.

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	484, 460	496.20	520, 573	Dt
DR. REDDY	610, 579	539.40	645, 689	Dt
HUL	203, 192	209.45	216, 224	Dt
INFOSYS	1785, 1723	1801.20	1834, 1917	Sd
ITC	169, 155	177.60	180, 193	Dt
RIL	1999, 1915	2028.15	2079, 2115	Dt
SATYAM	475, 443	481.95	493, 522	Dt
SBI	1146, 1101	1171.75	1202, 1258	Dt
T MOTORS	390, 367	392.55	422, 448	Dt
T STEEL	614, 586	651.75	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.