Stock picks of the day

The market has appreciated with an upward gap but has come off its intra-day highs but has ended the day clearly in positive territory. Banks, Consumer Durables, Pharma, Oil, PSU, Capital Goods, FMCG, Auto and Metals have ended positive in varying degrees while the IT sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed positive.

Sensex (Daily)

Last Close - 10627 | Support - 10600, 10500 | Resistance - 10700, 10800

Trading Range - The Sensex opened at 10597, moved up to an intra-day high of 10706, declined to an intra-day low of 10594 and closed at 10627.

Review/Outlook - The Sensex has reflected strength to create history to once again post a fresh all time high on higher volume and has given an all time high closing to close above the 10600 mark. The outlook remains positive as the sequence of higher tops, higher bottoms continues but intra-day resistance can be expected at the 10695 levels while the intra-day picture is showing signs of some heaviness.                   

Zenith Info. (Daily)

Last Close - 121.05 | Support - 116, 096 | Resistance - 129, 148

Trading Range - The scrip opened at 109.50, moved up to an intra-day high of 121.05, declined to an intra-day low of 109.50 and closed at 121.05.

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. 

LKP Mer. Fin. (Daily)

Last Close - 092.90 | Support - 090, 071 | Resistance - 101, 123

Trading Range - The scrip opened at 088.00, moved up to an intra-day high of 092.00, declined to an intra-day low of 088.00 and closed at 092.00.

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.

Sharyan Resort. (Daily)

Last Close - 203.10 | Support - 197, 169 | Resistance - 211, 228

Trading Range - The scrip opened at 195.80, moved up to an intra-day high of 203.20, declined to an intra-day low of 190.00 and closed at 203.10.

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. 

Himadri Chem. (Daily)

Last Close - 142.20 | Support - 136, 119 | Resistance - 168, 181 

Trading Range - The scrip opened at 138.30, moved up to an intra-day high of 142.20, declined to an intra-day low of 138.30 and closed at 142.20.

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	639, 610	673.00	700, 750	Up
DR. REDDY	1282, 1225	1312.50	1342, 1400	Up
HLL	240, 224	243.65	252, 266	Up
INFOSYS	2813, 2769	2852.80	2938, 3074	Tu
ITC	170, 155	176.85	190, 210	Up
RIL	700, 675	713.00	725, 750	Tu
SATYAM	770, 752	800.20	810, 900	Up
SBI	871, 850	894.25	900, 926	Tu
T MOTORS	850, 811	863.20	900, 950	Up
TISCO	425, 411	449.85	452, 466	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.