Stock picks for today

The market has staged a virtual u-turn to overcome early losses, given a smart recovery and has ended in positive territory.

Banks, capital goods, FMCG, consumer durables, IT, PSUs and the pharma sectors have all ended positive in varying degrees while no sector has ended in negative territory. Volume registered a smart increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close -- 9284.46; Support -- 9274, 9176; Resistance -- 9348, 9500

Trading Range: The Sensex opened at 9191.63, moved up to an intra-day high of 9290.31, declined to an intra-day low of 9137.16 and closed at 9284.46.

Review/Outlook: The Sensex though has remained within the previous day's trading range has not only ended sharply in positive territory but has also posted an all time high closing. The Sensex continues to reflect relative strength while a further upside especially above the 9298 level cannot be ruled out.

Kirl. Pneum. (Daily)

Last Close -- 257.05; Support -- 250, 215; Resistance -- 300, 350

Trading Range: The scrip opened at 240.00, moved up to an intra-day high of 257.05, declined to an intra-day low of 240.00 and closed at 257.05.

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.

D S Kulkarni (Daily) 

Last Close -- 167.65; Support -- 151, 131; Resistance -- 170, 192

Trading Range: The scrip opened at 162.00, moved up to an intra-day high of 167.65, declined to an intra-day low of 158.00 and closed at 167.65.

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.

FCS Softw. (Daily)

Last Close -- 108.00; Support -- 106, 091; Resistance -- 133, 160

Trading Range: The scrip opened at 099.00, moved up to an intra-day high of 108.00, declined to an intra-day low of 098.10 and closed at 108.00.

Review/Outlook: The scrip has reflected strength by closing above the 10 day moving average and with the indicators looking positive, a further upside seems to be on the cards.

Integra Hind. (Daily)

Last Close -- 246.95; Support -- 229, 204; Resistance -- 253, 291

Trading Range: The scrip opened at 239.50, moved up to an intra-day high of 246.95, declined to an intra-day low of 239.50 and closed at 246.95.

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.

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.

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Sebi Disclosure: The author is an active market participant and could be having positions in the stocks mentioned above.