Stock picks of the day

The market has remained in a positive state of mind, has come off its intra-day high and has finally ended the day in positive territory. Healthcare, IT, Capital Goods, Banks & Oil have ended positive in varying degrees while Consumer Durables, Auto, FMCG, Metals & PSU's have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 15465.40 | Support - 15440, 15341 | Resistance - 15773, 15812

Trading Range - The Sensex opened at 15478.53, moved up to an intra-day high of 15521.48, declined to an intra-day low of 15389.62 and closed at 15465.40.

Review/Outlook - The Sensex has had a smart trading session, has had a strong opening, has appreciated after receiving buying support at even higher levels, has come off from its intra - day high 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 mild possibility) could come in only above the 15521 level while stiff resistance at higher levels (15550) - would make sustainability difficult. The outlook seems to be turning stable again while resistance comes in at the 15550+ level and support comes in at the 14005 level.

Taneja Aero. (Daily)

Last Close - 167.30 | Support - 157, 127 | Resistance - 175, 225

Trading Range - The scrip opened at 160.00, moved up to an intra-day high of 167.30, declined to an intra-day low of 157.00 and closed at 167.30.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Aarvee Denim. (Daily)

Last Close - 102.50 | Support - 097, 075 | Resistance - 119, 145

Trading Range - The scrip opened at 099.40, moved up to an intra-day high of 102.50, declined to an intra-day low of 095.30 and closed at 102.50.

Review/Outlook - The scrip has reflected strength by appreciating 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 - 212.65 | Support - 193, 160 | Resistance - 224, 260

Trading Range - The scrip opened at 204.50, moved up to an intra-day high of 212.65, declined to an intra-day low of 204.50 and closed at 212.65.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Shyam Star. (Daily)

Last Close - 095.70 | Support - 093, 069 | Resistance - 120, 150

Trading Range - The scrip opened at 094.00, moved up to an intra-day high of 096.60, declined to an intra-day low of 088.90 and closed at 095.70.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Daily Stock Track          

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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.