Stock picks of the day

The market has moved up virtually from open to close to shrug off some of its indifference to end in positive territory. Banks, Consumer Durables, Capital Goods, Metals, Oil, FMCG, Pharma, IT, Auto and the PSU sector have ended positive in varying degrees while no sector have ended in negative territory. Volume registered a significant increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 9539.37 | Support - 9500, 9423 | Resistance - 9600, 9700

Trading Range - The Sensex opened at 9401.83, moved up to an intra-day high of 9546.78, declined to an intra-day low of 9390.79 and closed at 9539.37.

Review/Outlook - The Sensex has finally done what it had been struggling to do all along – to close above the 9423 level and it has achieved this with panache on higher volume. The outlook has once again turned positive while the sanctity of the 9423 level now needs to be maintained while a further upside from here seems to be on the cards.      

Chow. Steam. (Daily) 

Last Close - 030.70 | Support - 028, 023 | Resistance – 032, 038 

Trading Range - The scrip opened at 025.70, moved up to an intra-day high of 030.70, declined to an intra-day low of 025.70 and closed at 030.70.

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. 

Chola. Inv. (Daily)

Last Close - 225.65 | Support - 205, 181 | Resistance - 243, 291

Trading Range - The scrip opened at 209.00, moved up to an intra-day high of 205.65, declined to an intra-day low of 209.00 and closed at 205.65.

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. 

Mather & Plat. (Daily)

Last Close - 164.70 | Support - 160, 125 | Resistance - 183, 241

Trading Range - The scrip opened at 158.65, moved up to an intra-day high of 164.70, declined to an intra-day low of 158.50 and closed at 164.70.

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.

Kulk. Power. (Daily)

Last Close - 111.35 | Support - 106, 080 | Resistance - 122, 144 

Trading Range - The scrip opened at 102.00, moved up to an intra-day high of 111.35, declined to an intra-day low of 101.50 and closed at 111.35.

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	542, 516	547.50	569, 610	Sd
DR. REDDY	934, 879	994.90	998, 1089	Tu
HLL	192, 183	196.30	203, 216	Tu
INFOSYS	2813, 2769	3010.65	3074, 3453	Sd
ITC	136, 126	143.20	144, 155	Sd
RIL	900, 850	919.50	950, 1000	Up
SATYAM	700, 678	742.90	750, 800	Tu
SBI	900, 871	911.60	926, 950	Td
T MOTORS	600, 568	645.35	650, 700	Sd
TISCO	373, 361	386.15	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.