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Stock picks of the day Hemen Kapadia, Morpheus Inc | January 03, 2007 08:26 IST The market has actually moved in one direction, has come off its intra-day low and has finally ended the day in positive territory. Banks, FMCG, IT, Oil, PSU, Capital Goods, Auto, Consumer Durables, Healthcare & Metals have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed mixed. Sensex Last Close - 13942.24 | Support - 13931, 13857 | Resistance - 14035, 14100 Trading Range - The Sensex opened at 13827.77, moved up to an intra-day high of 13980.54, declined to an intra-day low of 13797.44 and closed at 13942.24. Review/Outlook - The Sensex has finally reflected some amount of strength by coming off sharply from its intra-day low by appreciating with an upward gap to finally end clearly in positive territory on distinctly lower volume. Volatility can be the order of the day, the positives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day upside (especially above the 13981 level) while support comes in at the 13903 level. Flex Ind Last Close - 144.30 | Support - 120, 099 | Resistance - 150, 175 Trading Range - The scrip opened at 139.65, moved up to an intra-day high of 144.30, declined to an intra-day low of 137.00 and closed at 144.30. 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. Simplex Real Last Close - 209.80 | Support - 193, 160 | Resistance - 224, 260 Trading Range - The scrip opened at 197.50, moved up to an intra-day high of 209.80, declined to an intra-day low of 197.50 and closed at 209.80. 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. Krbl Last Close - 158.60 | Support - 128, 114 | Resistance - 162, 205 Trading Range - The scrip opened at 145.80, moved up to an intra-day high of 158.60, declined to an intra-day low of 144.95 and closed at 158.60. 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. Tvs Srichakra Last Close - 115.35 | Support - 112, 094 | Resistance - 122, 150 Trading Range - The scrip opened at 110.10, moved up to an intra-day high of 115.35, declined to an intra-day low of 110.10 and closed at 115.35. 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. Daily Stock Track
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. DISCLAIMER : While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice. Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.
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