Stock picks for today

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, IT, healthcare, PSU, auto, capital goods, metals, oil, banks & FMCG 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 solid.

Sensex (Daily)

Last Close -- 14411.95; Support -- 14325, 14243; Resistance -- 14454, 14524

Trading Range: The Sensex opened at 14359.96, moved up to an intra-day high of 14449.38, declined to an intra-day low of 14347.58 and closed at 14411.95.

Review/Outlook: The Sensex has reflected significant amount of strength, has had a rather strong opening, has improved from further from its opening levels after receiving strong buying support but has come off from its intra - day high, 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 possibility) could come in above the 14449 level while some; Resistance at higher levels (14480) -- could limit the upside. The outlook seems to have turned better again while; Resistance comes in at the 14480+ level and support comes in at the 13953 level.

Vakrangee Soft. (Daily)

Last Close -- 147.25; Support -- 130, 116; Resistance -- 150, 162

Trading Range: The scrip opened at 135.70, moved up to an intra-day high of 147.25, declined to an intra-day low of 134.35 and closed at 147.25.

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.

Simplex Real. (Daily)

Last Close -- 198.05; Support -- 193, 160; Resistance -- 224, 260

Trading Range: The scrip opened at 187.40, moved up to an intra-day high of 198.05, declined to an intra-day low of 184.10 and closed at 198.05.

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.

Ess Dee Alumin. (Daily)

Last Close -- 492.50; Support -- 468, 437; Resistance -- 500, 550

Trading Range: The scrip opened at 453.10, moved up to an intra-day high of 493.65, declined to an intra-day low of 441.00 and closed at 492.50.

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.

UTV Softw. (Daily)

Last Close -- 551.90; Support -- 496, 466; Resistance -- 558, 600

Trading Range: The scrip opened at 536.80, moved up to an intra-day high of 551.90, declined to an intra-day low of 528.50 and closed at 551.90.

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.

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.

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Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.