Stock picks of the day

The market has had a volatile trading session to basically come off its intra-day low and has finally ended the day in positive territory. Banks, Consumer Durables, Metals FMCG, Pharma, IT, Auto, PSU's & Oil have ended positive in varying degrees while the Capital Goods sector has ended in positive territory. Volume registered a decent increase (read as turnover) while the undertone seemed better.

Sensex (Daily)

Last Close - 11531.95 | Support - 11453, 11356 | Resistance - 11536, 11618

Trading Range - The Sensex opened at 11367.74, moved up to an intra-day high of 11566.89, declined to an intra-day low of 11297.23 and closed at 11531.95.

Review/Outlook - The Sensex has faced alternate bouts of both, buying & selling and has come off its intra-day low to end sharply in positive territory on slightly better volume and has managed to close above the 11000 level for the twelfth trading session in a row. The outlook seems to be improving and despite the extreme volatility, a range bound movement cannot be ruled out while the intra-day charts seem rather hazy and an upside could come in above the 11567 level - the sanctity of the 11330 level needs to be maintained at all times.                    

Hitech Gears. (Daily)

Last Close - 162.95 | Support - 160, 134 | Resistance - 165, 190

Trading Range - The scrip opened at 148.15, moved up to an intra-day high of 162.95, declined to an intra-day low of 148.15 and closed at 162.95.

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. 

Vivimed Lab. (Daily)

Last Close - 186.50 | Support - 182, 166 | Resistance - 215, 249

Trading Range - The scrip opened at 183.40, moved up to an intra-day high of 189.00, declined to an intra-day low of 180.00 and closed at 186.50.

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.        

Zenith Info. (Daily)

Last Close - 278.30 | Support - 250, 200 | Resistance - 300, 350

Trading Range - The scrip opened at 270.40, moved up to an intra-day high of 278.30, declined to an intra-day low of 264.25 and closed at 278.30.

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.       

PBA Infras. (Daily)

Last Close - 102.30 | Support - 091, 080 | Resistance - 113, 140 

Trading Range - The scrip opened at 094.80, moved up to an intra-day high of 102.30, declined to an intra-day low of 093.15 and closed at 102.30.

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.

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.

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