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, FMCG, Auto, Banks, Metals, 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 sceptical.

Sensex

Last Close - 13177.74 | Support - 13135, 13030 | Resistance - 13296, 13390

Trading Range - The Sensex opened at 12904.85, moved up to an intra-day high of 13194.00, declined to an intra-day low of 12904.85, and closed at 13177.74.

Review/Outlook - The Sensex has reflected some amount of strength by posting a 7 trading session high, has come off smartly from its intra-day low but has overcome resistance from a gap on the daily chart on clearly lower volume. Volatility can be the order of the day; an intra-day upside above the 13194 level seems to be on the cards while a small question mark still remains on the sustainability due to significant resistance at higher levels. The outlook seems to have improved once again bit while resistance comes in at the 13400+ level and support comes in at the 12950 level.

Ansal Infra

Last Close - 465.90 | Support - 455, 411 | Resistance - 500, 568

Trading Range - The scrip opened at 453.70, moved up to an intra-day high of 465.90, declined to an intra-day low of 449.70 and closed at 465.90.

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.

Bayer Crop

Last Close - 234.40 | Support - 223, 185 | Resistance - 261, 288

Trading Range - The scrip opened at 226.00, moved up to an intra-day high of 234.40, declined to an intra-day low of 224.50 and closed at 234.40.

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.

Taneja Aero

Last Close - 183.40 | Support - 175, 158 | Resistance - 200, 225

Trading Range - The scrip opened at 179.70, moved up to an intra-day high of 183.40, declined to an intra-day low of 176.00 and closed at 183.40.

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.

Pyramid Saimira

Last Close - 287.90 | Support - 266, 245 | Resistance - 296, 348

Trading Range - The scrip opened at 283.60, moved up to an intra-day high of 292.90, declined to an intra-day low of 282.80 and closed at 287.90.

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.

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.