Stock picks of the day

The market has had a decent opening but hasn't been able to sustain itself at higher levels and has ended the day sharply in negative territory. Banks, Consumer Durables, FMCG, Pharma, Metals, IT, Capital Goods, Auto and PSU's have ended negative in varying degrees while the Oil sector has ended in positive territory. Volume registered a clear increase (read as turnover) while the undertone seemed depressed.

Sensex (Daily)

Last Close - 11237 | Support - 11129, 11052 | Resistance - 11300, 11400

Trading Range - The Sensex opened at 11367, moved up to an intra-day high of 11381, declined to an intra-day low of 11008 and closed at 11237.

Review/Outlook - The Sensex has virtually collapsed from an intra-day point of view on significantly higher volume to end sharply in negative territory by declining further on the daily chart. The bigger picture continues to remain quite solid even now while a range bound movement accompanied by volatility cannot be ruled out while rock solid support comes in at the 10980 level thereby limiting the downside.    

Nagreeka  Exp. (Daily) 

Last Close - 134.25 | Support - 124, 099 | Resistance - 150, 175

Trading Range - The scrip opened at 131.80, moved up to an intra-day high of 134.25, declined to an intra-day low of 124.25 and closed at 134.25.

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. 

Taneja Aero. (Daily)

Last Close - 231.20 | Support - 213, 173 | Resistance - 250, 300

Trading Range - The scrip opened at 224.00, moved up to an intra-day high of 231.10, declined to an intra-day low of 210.00 and closed at 231.10.

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.

Dynamic Ind. (Daily)

Last Close - 033.30 | Support - 032, 024 | Resistance - 036, 048

Trading Range - The scrip opened at 027.30, moved up to an intra-day high of 033.35, declined to an intra-day low of 025.50 and closed at 033.30.

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. 

English I. Cl. (Daily)

Last Close - 538.10 | Support - 527, 479 | Resistance - 548, 595 

Trading Range - The scrip opened at 510.00, moved up to an intra-day high of 538.10, declined to an intra-day low of 510.00 and closed at 538.10.

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	850, 800	896.95	900, 950	Up
DR. REDDY	1466, 1400	1471.70	1500, 1589	Tu
HLL	266, 252	271.95	281, 295	Up
INFOSYS	2938, 2813	3020.80	3074, 3155	Up
ITC	180, 168	189.25	190, 210	Sd
RIL	800, 775	847.05	850, 900	Up
SATYAM	770, 752	772.00	810, 830	Td
SBI	900, 871	918.15	926, 950	Td
T MOTORS	900, 850	909.15	950, 999	Sd
TISCO	550, 500	565.45	605, 700	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.