Stock picks of the day

The market has remained in a mixed state of mind, has come off its intra-day low and has finally ended the day in positive territory. Consumer Durables, Capital Goods, Oil, Auto, FMCG, Metals, PSU's, Healthcare, IT & Banks have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 15616.31 | Support - 15440, 15341 | Resistance - 15773, 15812

Trading Range - The Sensex opened at 15383.18, moved up to an intra-day high of 15637.74, declined to an intra-day low of 15350.18 and closed at 15616.31.

Review/Outlook - The Sensex has had a mixed trading session, has had a weak 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 lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 15637 level while resistance at higher levels (15741) – would limit the upside. The outlook seems to be turning bullish again while resistance comes in at the 16400+ level and support comes in at the 14005 level.

Zuari Ind. (Daily)

Last Close - 256.90 | Support - 215, 179 | Resistance - 272, 315

Trading Range - The scrip opened at 256.90, moved up to an intra-day high of 256.90, declined to an intra-day low of 258.10 and closed at 256.90.

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 - 456.40 | Support - 415, 380 | Resistance - 458, 489

Trading Range - The scrip opened at 444.00, moved up to an intra-day high of 468.90, declined to an intra-day low of 444.00 and closed at 456.40.

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.

Bpl Limited. (Daily)

Last Close - 049.60 | Support - 048, 042 | Resistance - 052, 059

Trading Range - The scrip opened at 045.20, moved up to an intra-day high of 049.60, declined to an intra-day low of 045.20 and closed at 049.60.

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.

Tanla Sol. (Daily)

Last Close - 465.65 | Support - 451, 407 | Resistance - 475, 500

Trading Range - The scrip opened at 438.00, moved up to an intra-day high of 465.65, declined to an intra-day low of 430.00 and closed at 465.65.

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.

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.