Stock picks of the day

The market has remained volatile, has come off its intra-day low and has finally ended the day in positive territory. Capital Goods, FMCG, Oil, PSU, Auto, Consumer Durables, Healthcare, Banks and IT have ended positive in varying degrees while Metals have ended in negative territory. Volume registered a minor decrease (read as turnover) while the undertone seemed mixed.

Sensex (Daily)

Last Close - 13137.49 | Support - 13135, 13030 | Resistance - 13200, 13300

Trading Range - The Sensex opened at 13107.78, moved up to an intra-day high of 13192.89, declined to an intra-day low of 13069.85 and closed at 13137.49.

Review/Outlook - The Sensex has reflected near term indecision to actually move both ways during the course of the trading session to receive some amount of support to end in positive territory despite coming off from its intra-day high on marginally lower volume. A range bound movement seems to be on the cards while an intra-day downside cannot be ruled out especially below the 13070 level (further weakness could come in below the 12950 level) while an intra-day support upside could come in only above the 13192 level.

Gmr Ind. (Daily)

Last Close - 366.10 | Support - 310, 257 | Resistance - 368, 440

Trading Range - The scrip opened at 355.00, moved up to an intra-day high of 366.10, declined to an intra-day low of 341.70 and closed at 366.10.

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. 

Ansal Hsg. (Daily)

Last Close - 313.30 | Support - 304, 251 | Resistance - 350, 400

Trading Range - The scrip opened at 306.90, moved up to an intra-day high of 313.30, declined to an intra-day low of 305.00 and closed at 313.30.

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.

Kalindee Rail. (Daily)

Last Close - 168.15 | Support - 167, 154 | Resistance - 191, 224

Trading Range - The scrip opened at 165.00, moved up to an intra-day high of 168.15, declined to an intra-day low of 163.40 and closed at 168.15.

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.

Fairfield Atlas. (Daily)

Last Close - 097.10 | Support - 097, 080 | Resistance - 114, 152

Trading Range - The scrip opened at 097.00, moved up to an intra-day high of 097.00, declined to an intra-day low of 095.00 and closed at 097.10.

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.

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.