Stock picks of the day

The market has been able to hold on to its early gains to end the day smartly in positive territory. Capital Goods, PSU, Metals, IT, Pharma and Oil have ended positive in varying degrees while Banks, Consumer Durables, Auto and FMCG have ended in negative territory. Volume registered a minor increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily) 

Last Close - 12462.47 | Support - 12400, 12300 | Resistance - 12500, 12600

Trading Range  - The Sensex opened at 12393.22, moved up to an intra-day high of 12511.07, declined to an intra-day low of 12393.22 and closed at 12462.47.

Review/Outlook - The Sensex has once again created history to not only post a fresh all time high but has also given an all time high closing on marginally higher volume.  The outlook continues to remain positive, as the bigger picture remains quite solid while the intra-day picture remains slightly hazy - a range bound movement cannot be ruled out and an intra-day upside could come in only above the 12511 level.      

Mather Platt. (Daily)

Last Close - 170.40 | Support - 160, 125 | Resistance - 183, 241

Trading Range - The scrip opened at 158.00, moved up to an intra-day high of 170.40, declined to an intra-day low of 156.00 and closed at 170.40.

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. 

Godavari Fert. (Daily)

Last Close - 096.70 | Support - 093, 084 | Resistance - 114, 135

Trading Range - The scrip opened at 095.00, moved up to an intra-day high of 098.00, declined to an intra-day low of 094.00 and closed at 096.70.

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.

Rel Ind. Infr. (Daily)

Last Close - 710.20 | Support - 700, 650 | Resistance - 750, 800

Trading Range - The scrip opened at 694.40, moved up to an intra-day high of 710.20, declined to an intra-day low of 690.00 and closed at 710.20.

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. 

GTN Textiles (Daily)

Last Close - 066.90 | Support - 061, 045 | Resistance - 071, 091 

Trading Range - The scrip opened at 057.50, moved up to an intra-day high of 066.90, declined to an intra-day low of 056.10 and closed at 066.90.

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	1000, 950	1010.05	1050, 1100	Tu
DR. REDDY	1600, 1500	1682.50	1700, 1800	Tu
HLL	281, 266	282.25	295, 305	Tu
INFOSYS	3155, 3074	3227.50	3250, 3543	Tu
ITC	190, 180	207.75	210, 225	Tu
RIL	1100, 1000	1155.65	1200, 1300	Up
SATYAM	770, 752	782.70	810, 830	Sd
SBI	950, 926	956.80	1000, 1050	Tu
T MOTORS	950, 900	963.15	999, 1050	Sd
TISCO	605, 550	644.45	700, 800	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.