Hot stocks of the day

The market has remained in a positive state of mind, has come off its intra-day low and has finally ended the day in positive territory. Consumer Durables, Banks, Auto, Metals, FMCG, IT, PSU, Oil, Capital Goods & Healthcare have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a distinct decrease (read as turnover) while the undertone seemed indifferent.

Sensex

Last Close - 12624.58 | Support - 12622, 12546 | Resistance - 12711, 12819

Trading Range - The Sensex opened at 12503.75, moved up to an intra-day high of 12657.75, declined to an intra-day low of 12481.86, and closed at 12624.58.

Review/Outlook - The Sensex has reflected indecision by staying within the previous session's trading range to appreciate from open to close to finally end smartly in positive territory but to complicate matters on clearly lower volume. Volatility can be the order of the day; an intra-day upside above the 12658 level cannot be ruled out but due to significant resistance at higher levels (coupled with unreliable volume), it remains to be seen whether the anticipated upside is sustainable till the end of the trading session or not.

Simplex Concrete

Last Close - 328.40 | Support - 286, 256 | Resistance - 329, 351

Trading Range - The scrip opened at 343.00, moved up to an intra-day high of 343.00, declined to an intra-day low of 327.10 and closed at 328.40.

Review/Outlook - The scrip has reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Lotte India

Last Close - 324.55 | Support - 318, 283 | Resistance - 339, 384

Trading Range - The scrip opened at 315.50, moved up to an intra-day high of 324.55, declined to an intra-day low of 315.50 and closed at 324.55.

Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Elpro Int'nl

Last Close - 215.10 | Support - 193, 158 | Resistance - 233, 269

Trading Range - The scrip opened at 209.00, moved up to an intra-day high of 215.10, declined to an intra-day low of 204.15 and closed at 215.10.

Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Kirloskar Bros

Last Close - 355.30 | Support - 353, 310 | Resistance - 390, 422

Trading Range - The scrip opened at 358.85, moved up to an intra-day high of 358.85, declined to an intra-day low of 348.00 and closed at 355.30.

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.

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.