Stock picks of the day

The market has remained in a negative frame of mind, has come off its intra-day high and has finally ended the day in negative territory. Capital Goods, FMCG, Consumer Durables, Metals, Oil, IT & Healthcare have ended positive in varying degrees while Banks, Auto & PSU's have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.

Sensex

Last Close - 14009.90 | Support - 13931, 13857 | Resistance - 14035, 14171

Trading Range - The Sensex opened at 13990.41, moved up to an intra-day high of 14036.61, declined to an intra-day low of 13805.36, and closed at 14009.90.

Review/Outlook - The Sensex has reflected some amount of strength, has actually moved both ways, has remained mixed to come off from its intra-day low and has still finally ended in negative territory on distinctly lower volume. Volatility can be the order of the day, the positives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day upside especially above the 14037 level while strong support at lower levels (13958) could lead to a rather limited downside.

Taneja Aero

Last Close - 263.80 | Support - 243, 225 | Resistance - 294, 325

Trading Range - The scrip opened at 252.80, moved up to an intra-day high of 264.35, declined to an intra-day low of 241.00 and closed at 263.80.

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. 

Tulip IT

Last Close - 626.00 | Support - 600, 537 | Resistance - 650, 700

Trading Range - The scrip opened at 568.05, moved up to an intra-day high of 626.00, declined to an intra-day low of 551.00 and closed at 626.00.

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.

United Brew

Last Close - 262.50 | Support - 248, 184 | Resistance - 275, 300

Trading Range - The scrip opened at 235.00, moved up to an intra-day high of 262.50, declined to an intra-day low of 227.00 and closed at 262.50.

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.

Suraj Stainless

Last Close - 175.10 | Support - 175, 150 | Resistance - 200, 250

Trading Range - The scrip opened at 168.00, moved up to an intra-day high of 175.10, declined to an intra-day low of 165.00 and closed at 175.10.

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.