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. Consumer Durables, FMCG, IT, Healthcare, Auto, Metals, Oil Banks, Capital Goods and PSU's have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 13616.77 | Support - 13576, 13461 | Resistance - 13700, 13800

Trading Range - The Sensex opened at 13434.58, moved up to an intra-day high of 13630.41, declined to an intra-day low of 13434.58 and closed at 13616.77.

Review/Outlook - The Sensex has reflected a significant amount of strength by appreciating virtually from open to close by coming off from its intra-day low to finally end in positive territory on distinctly higher volume. A range bound movement seems to be on the cards while an intra-day upside cannot be ruled out especially above the 13631 level while intra-day support comes in at the 13505 level.         

Gtc Ind. (Daily) 

Last Close - 209.50 | Support - 195, 164 | Resistance - 223, 249

Trading Range - The scrip opened at 203.85, moved up to an intra-day high of 209.50, declined to an intra-day low of 200.90 and closed at 209.50.

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. 

Atlanta Ltd. (Daily)

Last Close - 638.70 | Support - 600, 552 | Resistance - 650, 700

Trading Range - The scrip opened at 629.00, moved up to an intra-day high of 638.70, declined to an intra-day low of 618.50 and closed at 638.70.

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.

IOL Broadband. (Daily)

Last Close - 115.35 | Support - 102, 092 | Resistance - 125, 150

Trading Range - The scrip opened at 109.85, moved up to an intra-day high of 117.45, declined to an intra-day low of 107.00 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.

Godrej Ind. (Daily)

Last Close - 158.15 | Support - 145, 120 | Resistance - 175, 200

Trading Range - The scrip opened at 152.25, moved up to an intra-day high of 158.15, declined to an intra-day low of 145.15 and closed at 158.15.

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.

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.  

Chat with market expert Pranav Sanghavi every Tuesday