Stock tips 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.

Banks, capital goods, IT, auto, FMCG, metal, oil & PSUs have ended positive in varying degrees while healthcare & consumer durables have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close -- 15272.72; Support -- 15200, 15112; Resistance -- 15300, 15400

Trading Range: The Sensex opened at 15216.83, moved up to an intra-day high of 15330.73, declined to an intra-day low of 15216.83 and closed at 15272.72.

Review/Outlook: The Sensex has had a positive trading session, has had a strong opening, has appreciated after receiving buying support at lower levels, has come off from its intra - day low and has finally ended 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 15330 level while some resistance at higher levels (15400) -- could limit the upside. The outlook seems to have turned better again while resistance comes in at the 15500+ level and support comes in at the 14600 level.

PBA Infrastructure (Daily)

Last Close -- 096.70; Support -- 091, 080; Resistance -- 113, 138

Trading Range: The scrip opened at 094.00, moved up to an intra-day high of 096.70, declined to an intra-day low of 093.95 and closed at 096.70.

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.

Pratibha Ind. (Daily)

Last Close -- 286.60; Support -- 278, 251; Resistance -- 324, 389

Trading Range: The scrip opened at 279.00, moved up to an intra-day high of 298.40, declined to an intra-day low of 278.25 and closed at 286.60.

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.

Tilaknagar Ind. (Daily)

Last Close -- 120.90; Support -- 113, 092; Resistance -- 137, 160

Trading Range: The scrip opened at 119.85, moved up to an intra-day high of 120.90, declined to an intra-day low of 118.25 and closed at 120.90.

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.

Taneja Aero. (Daily)

Last Close -- 227.75; Support -- 225, 188; Resistance -- 243, 294

Trading Range: The scrip opened at 223.80, moved up to an intra-day high of 227.75, declined to an intra-day low of 218.50 and closed at 227.75.

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.

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.