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Stock picks for today

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February 27, 2006 09:27 IST

The market has come off its intra-day highs to find sustainability a difficult proposition and has ended the day clearly in negative territory. Banks, capital goods, consumer durables, oil and PSU's have ended positive in varying degrees while FMCG, pharma, IT, auto and metals have ended in negative territory. Volume registered a marginal decrease (read as turnover) while the undertone seemed subdued.

Sensex (Daily)  

Last Close – 10201; Support – 10192, 10100; Resistance – 10300, 10400

Trading Range – The Sensex opened at 10257, moved up to an intra-day high of 10272, declined to an intra-day low of 10177 and closed at 10201.

Review/Outlook – The Sensex has been unable to sustain itself at higher levels, has cooled off a bit from an intra-day point of view but has somehow still managed to post an upward bar reversal on the weekly chart. The picture is a bit hazy right now (read as listless) while a close below the 10192 level could mean some near term weakness.               

K S Oils (Daily)

Last Close – 133.80; Support – 127, 110; Resistance – 143, 181

Trading Range – The scrip opened at 131.40, moved up to an intra-day high of 133.80, declined to an intra-day low of 131.40 and closed at 133.80.

Review/Outlook – The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards. 

Brescon Corp. (Daily) 

Last Close – 119.30; Support – 114, 102; Resistance – 125, 137

Trading Range – The scrip opened at 113.05, moved up to an intra-day high of 120.25, declined to an intra-day low of 112.00 and closed at 119.30.

Review/Outlook – The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Hawkins Cook. (Daily) 

Last Close – 091.20, Support – 089, 065, Resistance – 096, 123

Trading Range – The scrip opened at 090.00, moved up to an intra-day high of 091.65, declined to an intra-day low of 090.00 and closed at 091.20.

Review/Outlook – The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards. 

Integra Hind. (Daily) 

Last Close – 302.70; Support – 296, 275; Resistance – 321, 359 

Trading Range – The scrip opened at 295.00, moved up to an intra-day high of 302.70, declined to an intra-day low of 295.00 and closed at 302.70.

Review/Outlook – The scrip has reflected strength by moving up virtually from open to close 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

569, 542

592.50

610, 639

Sd

DR. REDDY

1282, 1225

1307.50

1342, 1400

Up

HLL

240, 224

242.15

266, 281

Up

INFOSYS

2650, 2537

2756.40

2769, 2813

Td

ITC

155, 144

163.40

170, 190

Up

RIL

700, 675

702.30

725, 750

Sd

SATYAM

752, 730

768.40

770, 810

Up

SBI

871, 850

876.45

900, 926

Tu

T MOTORS

750, 700

783.50

800, 850

Sd

TISCO

411, 390

422.90

425, 452

Up

 

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.

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Sebi Disclosure: The author is an active market participant and could be having positions in the stocks mentioned above.  

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