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

Sensex

Last Close - 14203.72 | Support - 14171, 14035 | Resistance - 14243, 14325

Trading Range - The Sensex opened at 14087.91, moved up to an intra-day high of 14219.24, declined to an intra-day low of 14087.91 and closed at 14203.72.

Review/Outlook - The Sensex has reflected significant amount of strength, has had a rather positive opening, but has sustained after receiving strong buying support and has come off from its intra- day low, has finally ended sharply in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 14219 level while some resistance at higher levels (14368) - could limit the upside. The outlook seems to have turned shaky again while resistance comes in at the 14480+ level and support comes in at the 13953 level.

Asian Elect

Last Close - 693.75 | Support - 678, 637 | Resistance - 700, 750

Trading Range - The scrip opened at 666.00, moved up to an intra-day high of 693.75, declined to an intra-day low of 662.10 and closed at 693.75.

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.

Shree Ashtavinayak

Last Close - 250.55 | Support - 228, 177 | Resistance - 269, 297

Trading Range - The scrip opened at 244.00, moved up to an intra-day high of 250.55, declined to an intra-day low of 242.00 and closed at 250.55.

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.

Sical Logistics

Last Close - 271.20 | Support - 255, 220 | Resistance - 274, 301

Trading Range - The scrip opened at 263.45, moved up to an intra-day high of 271.20, declined to an intra-day low of 260.15 and closed at 271.20.

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.

Prime Focus

Last Close - 664.00 | Support - 612, 558 | Resistance - 665, 718

Trading Range - The scrip opened at 640.00, moved up to an intra-day high of 664.00, declined to an intra-day low of 640.00 and closed at 664.00.

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.