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. Oil, Metals, IT, Healthcare, Capital Goods, Auto, Banks, Consumer Durables, FMCG & 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

Last Close - 14078.21 | Support - 14035, 13931 | Resistance - 14171, 14243

Trading Range - The Sensex opened at 13987.77, moved up to an intra-day high of 14107.06, declined to an intra-day low of 13987.77 and closed at 14078.21.

Review/Outlook - The Sensex has reflected significant amount of strength by receiving a lot of buying support, hasn't been able to sustain itself at lower levels, has come off rather sharply from its intra-day low and has finally ended in positive territory on higher volume. Volatility can be the order of the day; an intra-day upside above the 14107 level seems like a possibility while some resistance can be expected at higher levels (14200 – which could limit the upside) while a downside could come in only below the 13987 level. The outlook seems to have turned better while resistance comes in at the 14400+ level and support comes in at the 13800 level.

Tera Softw

Last Close - 082.05 | Support - 082, 066 | Resistance - 100, 121

Trading Range - The scrip opened at 082.05, moved up to an intra-day high of 082.05, declined to an intra-day low of 080.30 and closed at 082.05.

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.

Country Club

Last Close - 361.10 | Support - 360, 328 | Resistance - 400, 434

Trading Range - The scrip opened at 351.00, moved up to an intra-day high of 364.75, declined to an intra-day low of 334.00 and closed at 361.10.

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.

Borosil Glass

Last Close - 435.70 | Support - 400, 350 | Resistance - 437, 475

Trading Range - The scrip opened at 424.75, moved up to an intra-day high of 441.00, declined to an intra-day low of 410.10 and closed at 435.70.

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.

Schrader Duncan

Last Close - 183.75 | Support - 169, 133 | Resistance - 202, 241

Trading Range - The scrip opened at 180.00, moved up to an intra-day high of 183.75, declined to an intra-day low of 180.00 and closed at 183.75.

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.