Stock picks of the day

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

Sensex

Last Close - 14402.90 | Support - 14325, 14243 | Resistance - 14454, 14524

Trading Range - The Sensex opened at 14406.88, moved up to an intra-day high of 14479.18, declined to an intra-day low of 14372.07, and closed at 14402.90.        

Review/Outlook - The Sensex has reflected some amount of heaviness by facing some resistance at higher levels after a 675 point rise in merely 3 trading sessions, has remained slightly dull to come off from its intra-day high and has finally ended in positive territory on distinctly lower volume. Volatility can be the order of the day, the almost flat, inconclusive closing would seem to suggest a rather range bound movement while the possibility of a mild intra-day downside especially below the 14372 level cannot be ruled out.  

Suashish Diamonds

Last Close - 196.45 | Support - 166, 135 | Resistance - 200, 230

Trading Range - The scrip opened at 191.00, moved up to an intra-day high of 196.45, declined to an intra-day low of 189.20 and closed at 196.45.

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. 

Thiru Arooran

Last Close - 151.50 | Support - 132, 094 | Resistance - 173, 192

Trading Range - The scrip opened at 152.00, moved up to an intra-day high of 154.00, declined to an intra-day low of 141.00 and closed at 151.50.

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.

GE Cap. Trans

Last Close - 149.60 | Support - 146, 107 | Resistance - 162, 184

Trading Range - The scrip opened at 145.50, moved up to an intra-day high of 149.60, declined to an intra-day low of 143.35 and closed at 149.60.

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.

Swan Mills

Last Close - 102.70 | Support - 095, 061 | Resistance - 108, 126

Trading Range - The scrip opened at 098.90, moved up to an intra-day high of 102.75, declined to an intra-day low of 098.00 and closed at 102.70.

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.

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.