Stock picks of the day

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

Sensex

Last Close - 13607.04 | Support - 13576, 13461 | Resistance - 13652, 13723

Trading Range - The Sensex opened at 13733.18, moved up to an intra-day high of 13755.76, declined to an intra-day low of 13581.04 and closed at 13607.04.

Review/Outlook - The Sensex has reflected some amount of weakness (read as profit taking) by posting a downward key reversal on the daily chart to finally end the day in negative territory on noticeably higher volume. Volatility can be the order of the day; an intra-day downside below the 13581 level seems like a possibility while significant support can be expected at lower levels (13470). The outlook seems to have turned better while resistance comes in at the 13800+ level and support comes in at the 13400 level.

Ansal Infra

Last Close - 496.80 | Support - 455, 411 | Resistance - 500, 568

Trading Range - The scrip opened at 495.00, moved up to an intra-day high of 507.75, declined to an intra-day low of 485.00 and closed at 496.80.

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.

Aegis Log

Last Close - 150.30 | Support - 139, 119 | Resistance - 155, 178

Trading Range - The scrip opened at 135.00, moved up to an intra-day high of 150.30, declined to an intra-day low of 135.00 and closed at 150.30.

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.

Action Const

Last Close - 232.05 | Support - 218, 182 | Resistance - 266, 295

Trading Range - The scrip opened at 222.75, moved up to an intra-day high of 232.05, declined to an intra-day low of 217.50 and closed at 232.05.

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.

Sagar Cement

Last Close - 133.65 | Support - 126, 091 | Resistance - 151, 175

Trading Range - The scrip opened at 132.00, moved up to an intra-day high of 133.65, declined to an intra-day low of 126.00 and closed at 133.65.

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.

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.