Stock picks of the day

The market has remained a bit volatile, has moved one way and has finally ended the day in negative territory. Banks, Capital Goods, FMCG, Pharma, IT, Oil, Consumer Durables, Auto, Metals and PSU's have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed subdued.

Sensex (Daily)

Last Close - 12204.01 | Support - 12104, 12054 | Resistance - 12231, 12308

Trading Range - The Sensex opened at 12401.09, moved up to an intra-day high of 12419.65, declined to an intra-day low of 12178.83 and closed at 12204.01.

Review/Outlook - The Sensex has extended its near term weakness (has almost closed below the 12200 level) to not only end sharply in negative territory on distinctly higher volume but has also posted a 5 trading session low. The outlook has turned a bit hazy indicating the possibility of an intra-day downside but only below the 12178 level while strong support at the 12146 level would seem to suggest a late recovery.             

Lok Hous. (Daily)

Last Close - 244.95 | Support - 234, 191 | Resistance - 257, 294

Trading Range - The scrip opened at 241.40, moved up to an intra-day high of 244.95, declined to an intra-day low of 241.40 and closed at 244.95.

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. 

Ruby Mills. (Daily)

Last Close - 320.10 | Support - 320, 286 | Resistance - 367, 433

Trading Range - The scrip opened at 319.00, moved up to an intra-day high of 320.10, declined to an intra-day low of 312.00 and closed at 320.10.

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.

GMR Ind. (Daily)

Last Close - 177.25 | Support - 153, 136 | Resistance - 178, 215

Trading Range - The scrip opened at 177.25, moved up to an intra-day high of 177.25, declined to an intra-day low of 167.00 and closed at 177.25.

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.

KLG Systel. (Daily)

Last Close - 232.85 | Support - 173, 140 | Resistance - 249, 334

Trading Range - The scrip opened at 224.00, moved up to an intra-day high of 232.85, declined to an intra-day low of 223.00 and closed at 232.85.

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.