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

Sensex

Last Close - 14482.22 | Support - 14431, 14046 | Resistance - 14732, 15037

Trading Range - The Sensex opened at 14338.27, moved up to an intra-day high of 14495.27, declined to an intra-day low of 14286.38 and closed at 14482.22.

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 positive territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 14484 level while significant resistance at higher levels (14582) - would limit the upside. The outlook has turned negative again while resistance comes in at the 15500+ level and support comes in at the 12780 level.

Ranklin Sol

Last Close - 210.30 | Support - 199, 172 | Resistance - 221, 256

Trading Range - The scrip opened at 201.60, moved up to an intra-day high of 215.00, declined to an intra-day low of 201.60 and closed at 210.30.

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.

Jhun. Vanas

Last Close - 147.70 | Support - 127, 108 | Resistance - 149, 163

Trading Range - The scrip opened at 145.00, moved up to an intra-day high of 149.00, declined to an intra-day low of 144.00 and closed at 147.70.

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 - 287.85 | Support - 276, 230 | Resistance - 324, 351

Trading Range - The scrip opened at 274.80, moved up to an intra-day high of 291.75, declined to an intra-day low of 272.50 and closed at 287.85.

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.

Gemini Comm

Last Close - 173.05 | Support - 149, 126 | Resistance - 186, 224

Trading Range - The scrip opened at 172.00, moved up to an intra-day high of 176.00, declined to an intra-day low of 168.25 and closed at 173.05.

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.

Daily Stock Track               

Scrip	Support	Last Close	Resistance	Trend
ACC	520, 484	560.50	573, 615	Dt
DR. REDDY	530, 487	573.60	579, 610	Td
HUL	240, 224	247.50	252, 266	Sd
INFOSYS	1667, 1599	1697.60	1723, 1785	Sd
ITC	180, 169	184.95	193, 213	Td
RIL	2115, 2079	2179.65	2180, 2274	Td
SATYAM	406, 385	406.10	443, 475	Sd
SBI	1302, 1258	1371.45	1381, 1418	Dt
T MOTORS	422, 390	433.35	448, 472	Sd
T STEEL	557, 533	577.55	586, 615	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.