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, Capital Goods, Consumer Durables, Auto, Metal, Oil, IT & PSU's have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a clear increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 13897.41 | Support - 13857, 13723 | Resistance - 13931, 14035

Trading Range - The Sensex opened at 13684.95, moved up to an intra-day high of 13915.62, declined to an intra-day low of 13684.95 and closed at 13897.41.

Review/Outlook - The Sensex has reflected significant amount of strength by appreciating virtually from open to close, has also overcome the resistance level on 13800 to end smartly in positive territory on higher volume. Volatility can be the order of the day; an intra-day upside above the 13914 level seems like a formality while some resistance can be expected at higher levels (14114) while a downside could come in only below the 13800 level. The outlook seems to have turned better while resistance comes in at the 14100+ level and support comes in at the 13400 level.

Bpl Limited. (Daily)

Last Close - 067.90 | Support - 065, 053 | Resistance - 073, 090

Trading Range - The scrip opened at 066.35, moved up to an intra-day high of 067.90, declined to an intra-day low of 065.50 and closed at 067.90.

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.

Taneja Aero. (Daily)

Last Close - 184.95 | Support - 175, 157 | Resistance - 188, 225

Trading Range - The scrip opened at 185.00, moved up to an intra-day high of 187.00, declined to an intra-day low of 182.00 and closed at 184.95.

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.

Todays Writing. (Daily)

Last Close - 060.35 | Support - 056, 044 | Resistance - 068, 084

Trading Range - The scrip opened at 055.00, moved up to an intra-day high of 060.35, declined to an intra-day low of 054.50 and closed at 060.35.

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.

India Infoline. (Daily)

Last Close - 449.70 | Support - 436, 368 | Resistance - 478, 525

Trading Range - The scrip opened at 435.00, moved up to an intra-day high of 449.70, declined to an intra-day low of 432.55 and closed at 449.70.

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.