Stock picks of the day

The market hasn't been able to sustain itself at higher levels and has cooled off from its intra-day high to end in negative territory. Banks, Consumer Durables, Capital Goods, Metals, Oil and the PSU sector have ended positive in varying degrees while FMCG, Pharma, IT and the Auto sector have ended in negative territory. Volume registered a significant decrease (read as turnover) while the undertone seemed subdued.

Sensex (Daily)

Last Close - 9390.14 | Support - 9348, 9274 | Resistance - 9423, 9500

Trading Range - The Sensex opened at 9422.49, moved up to an intra-day high of 9457.09, declined to an intra-day low of 9366.09 and closed at 9390.14.

Review/Outlook - The Sensex has once again attempted to overcome the 9400 level (9423 to be precise) but hasn't been able to close above it despite multiple attempts. The Sensex has given a downward key reversal but on lower volume indicating the possibility of a mild downside especially below the 9366 level while it remains to be seen whether the 9348 level holds or not.     

G M Brew (Daily)

Last Close - 060.65 | Support - 058, 044 | Resistance - 069, 091 

Trading Range - The scrip opened at 057.35, moved up to an intra-day high of 060.65, declined to an intra-day low of 057.00 and closed at 060.65.

Review/Outlook - The scrip has reflected strength by appreciating with an upward gap and with the indicators looking positive, a further upside seems to be on the cards. 

Ruby Mills (Daily)

Last Close - 289.70 | Support - 286, 245 | Resistance - 320, 367

Trading Range - The scrip opened at 281.00, moved up to an intra-day high of 289.70, declined to an intra-day low of 280.00 and closed at 289.70.

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. 

GMM Pfaudler (Daily)

Last Close - 613.20 | Support - 578, 540 | Resistance - 639, 711

Trading Range - The scrip opened at 577.05, moved up to an intra-day high of 613.20, declined to an intra-day low of 577.05 and closed at 613.20.

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.  

Bhartiya Intnl (Daily)

Last Close - 125.25 | Support - 116, 101 | Resistance - 128, 147 

Trading Range - The scrip opened at 120.30, moved up to an intra-day high of 125.25, declined to an intra-day low of 120.30 and closed at 125.25.

Review/Outlook - The scrip has reflected strength by moving 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	516, 500	530.50	542, 569	Td
DR. REDDY	934, 879	962.75	998, 1089	Tu
HLL	192, 183	195.20	203, 216	Tu
INFOSYS	2813, 2769	2978.85	3074, 3453	Sd
ITC	136, 126	140.55	144, 155	Sd
RIL	850, 810	898.50	900, 950	Tu
SATYAM	700, 678	731.25	750, 800	Tu
SBI	900, 871	905.10	926, 950	Td
T MOTORS	600, 568	639.35	650, 700	Sd
TISCO	373, 361	379.10	390, 411	Tu

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.