Stock picks 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. Banks, FMCG, Healthcare, Consumer Durables, IT, Auto, Metals, PSU, Oil & Capital Goods have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a clear decrease (read as turnover) while the undertone seemed upbeat.

Sensex

Last Close - 13695.58 | Support - 13652, 13576 | Resistance - 13723, 13857

Trading Range - The Sensex opened at 13479.49, moved up to an intra-day high of 13708.40, declined to an intra-day low of 13479.49, and closed at 13695.58.

Review/Outlook - The Sensex has reflected significant amount of strength by posting a 33 trading session high, has come off from its intra-day low and has breached the 13700 level from an intra-day point of view to end positive on noticeably lower volume. Volatility can be the order of the day; an intra-day upside above the 13708 level seems like a strong possibility while some amount of resistance can be expected at higher levels, the upmove has got more broad based. The outlook seems to be turning better again while resistance comes in at the 13800+ level and support comes in at the 13400 level.

Ansal Infra

Last Close - 483.60 | Support - 455, 411 | Resistance - 500, 568

Trading Range - The scrip opened at 467.70, moved up to an intra-day high of 483.60, declined to an intra-day low of 467.70 and closed at 483.60.

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.

Godrej Ind

Last Close - 188.80 | Support - 175, 145 | Resistance - 200, 250

Trading Range - The scrip opened at 173.50, moved up to an intra-day high of 188.80, declined to an intra-day low of 173.50 and closed at 188.80.

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.

Crest Animation

Last Close - 111.45 | Support - 107, 090 | Resistance - 143, 169

Trading Range - The scrip opened at 102.50, moved up to an intra-day high of 111.45, declined to an intra-day low of 102.30 and closed at 111.45.

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.

GE Cap. Trans

Last Close - 133.55 | Support - 118, 090 | Resistance - 146, 162

Trading Range - The scrip opened at 130.75, moved up to an intra-day high of 133.55, declined to an intra-day low of 127.00 and closed at 133.55.

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.