Stock picks of the day

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

Sensex (Daily)

Last Close - 15446.15 | Support - 15440, 15341 | Resistance - 15773, 15812

Trading Range - The Sensex opened at 15535.55, moved up to an intra-day high of 15580.86, declined to an intra-day low of 15407.00 and closed at 15446.15.

Review/Outlook - The Sensex has had a mixed trading session, has had a strong opening, has depreciated after facing selling pressure at higher levels, has come off from its intra-day high and has finally ended in negative territory on slightly higher volume. Volatility can be the order of the day; an intra-day downside (seems like a distinct possibility) could come in below the 15407 level while decent support at lower levels (15340) - would limit the downside. The outlook seems to be turning stable again while resistance comes in at the 15550+ level and support comes in at the 14005 level.

Zuari Ind. (Daily)

Last Close - 224.70 | Support - 215, 179 | Resistance - 272, 315

Trading Range - The scrip opened at 236.50, moved up to an intra-day high of 224.70, declined to an intra-day low of 233.50 and closed at 244.70.

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.

Page Ind. (Daily)

Last Close - 446.40 | Support - 415, 380 | Resistance - 458, 489

Trading Range - The scrip opened at 420.00, moved up to an intra-day high of 446.60, declined to an intra-day low of 420.00 and closed at 446.40.

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.

Freshtrop Fruits. (Daily)

Last Close - 129.45 | Support - 116, 091 | Resistance - 134, 163

Trading Range - The scrip opened at 124.00, moved up to an intra-day high of 129.45, declined to an intra-day low of 121.00 and closed at 129.45.

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.

Alphageo Ind. (Daily)

Last Close - 377.45 | Support - 350, 307 | Resistance - 389, 434

Trading Range - The scrip opened at 369.00, moved up to an intra-day high of 377.75, declined to an intra-day low of 365.00 and closed at 377.75.

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

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.