Stock picks of the day

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

Sensex

Last Close - 13183.24 | Support - 13135, 13030 | Resistance - 13296, 13390

Trading Range - The Sensex opened at 13221.76, moved up to an intra-day high of 13294.90, declined to an intra-day low of 13161.21, and closed at 13183.24.            

Review/Outlook - The Sensex has reflected some amount of strength by posting a 10 trading session high, has come off from its intra-day high and has run into resistance from the 55 Day EMA to end negative on noticeably lower volume. Volatility can be the order of the day; an intra-day downside below the 13161 level seems like a strong possibility while the upside seems to be limited to the 13242 level indicating the possibility of a downward bias. The outlook seems to be turning shaky again while resistance comes in at the 13400+ level and support comes in at the 12950 level.

Zuari Ind

Last Close - 163.95 | Support - 148, 138 | Resistance - 179, 215

Trading Range - The scrip opened at 162.00, moved up to an intra-day high of 163.95, declined to an intra-day low of 162.00 and closed at 163.95.

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.   

Deccan Chronicle

Last Close - 163.55 | Support - 157, 140 | Resistance - 167, 184

Trading Range - The scrip opened at 154.90, moved up to an intra-day high of 163.55, declined to an intra-day low of 151.00 and closed at 163.55.

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.  

Ador Weld

Last Close - 216.40 | Support - 207, 187 | Resistance - 231, 272

Trading Range - The scrip opened at 203.75, moved up to an intra-day high of 216.40, declined to an intra-day low of 203.75 and closed at 216.40.

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.     

Vakrangee Soft

Last Close - 151.55 | Support - 150, 130 | Resistance - 162, 207

Trading Range - The scrip opened at 139.30, moved up to an intra-day high of 151.55, declined to an intra-day low of 138.60 and closed at 151.55.

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.