Stock picks for today

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. Healthcare, Auto, FMCG, Metals, Capital Goods, Consumer Durables, IT, Oil, Banks & PSUs have ended positive in varying degrees while no sector have ended in negative territory.

Volume registered a distinct decrease (read as turnover) while the undertone seemed upbeat.

Sensex (Daily)

Last Close -- 13049.35; Support -- 13030, 12925; Resistance -- 13135, 13296

Trading Range: The Sensex opened at 12649.77, moved up to an intra-day high of 13099.83, declined to an intra-day low of 12596.86, and closed at 13049.35.

Review/Outlook: The Sensex has reflected significant amount of strength with a strong opening and unlike the previous trading session, has managed to sustain itself at higher levels and after a volatile trading session, has come off its intra-day low and has finally ended in positive territory clearly lower volume. Volatility can be the order of the day, the positives of the last trading session might just spill over to today's trading session indicating the possibility of an intra-day upside especially above the 13100 level while resistance at the 13251 level could limit the upside.

Ansal Infra. (Daily)

Last Close -- 483.40; Support -- 455, 411; Resistance -- 500, 568

Trading Range: The scrip opened at 480.05, moved up to an intra-day high of 503.10, declined to an intra-day low of 455.20 and closed at 483.40.

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.

Kesoram Ind. (Daily)

Last Close -- 347.30; Support -- 290, 252; Resistance -- 348, 379

Trading Range: The scrip opened at 321.30, moved up to an intra-day high of 347.30, declined to an intra-day low of 317.00 and closed at 347.30.

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.

Vakrangee Soft. (Daily)

Last Close -- 160.65; Support -- 150, 130; Resistance -- 175, 200

Trading Range: The scrip opened at 146.10, moved up to an intra-day high of 160.65, declined to an intra-day low of 145.40 and closed at 160.65.

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.

Peninsula Land. (Daily)

Last Close -- 335.80; Support -- 304, 255 Resistance -- 356, 378

Trading Range: The scrip opened at 324.90, moved up to an intra-day high of 335.80, declined to an intra-day low of 304.40 and closed at 335.80.

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.

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.

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Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.