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

Sensex

Last Close - 13349.65 | Support - 13146, 12899 | Resistance - 13406, 13554

Trading Range - The Sensex opened at 13292.80, moved up to an intra-day high of 13451.67, declined to an intra-day low of 13049.96 and closed at 13349.65.

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 in negative 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 13354 level while significant resistance at higher levels (13526) - 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.

Gayatri Proj

Last Close - 214.65 | Support - 198, 164 | Resistance - 240, 283

Trading Range - The scrip opened at 210.00, moved up to an intra-day high of 218.00, declined to an intra-day low of 199.25 and closed at 214.65.

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.

Walchand Ind

Last Close - 234.30 | Support - 215, 184 | Resistance - 244, 283

Trading Range - The scrip opened at 221.00, moved up to an intra-day high of 234.30, declined to an intra-day low of 215.00 and closed at 234.30.

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.

Zylog Sys

Last Close - 254.45 | Support - 253, 228 | Resistance - 279, 321

Trading Range - The scrip opened at 247.00, moved up to an intra-day high of 256.80, declined to an intra-day low of 244.00 and closed at 254.45.

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.

Radhe Develop

Last Close - 076.90 | Support - 069, 045 | Resistance - 095, 128

Trading Range - The scrip opened at 075.80, moved up to an intra-day high of 076.90, declined to an intra-day low of 072.00 and closed at 076.90.

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.

Daily Stock Track               

Scrip	Support	Last Close	Resistance	Trend
ACC	520, 484	527.00	573, 615	Sd
DR. REDDY	610, 579	644.05	645, 689	Dt
HUL	203, 192	209.60	216, 224	Dt
INFOSYS	1723, 1667	1736.00	1785, 1834	Sd
ITC	169, 155	171.85	180, 193	Dt
RIL	1915, 1842	1978.60	1999, 2079	Dt
SATYAM	443, 425	467.55	475, 493	Dt
SBI	1202, 1146	1204.45	1258, 1302	Dt
T MOTORS	367, 326	376.35	390, 422	Dt
T STEEL	614, 586	651.40	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.