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, Capital Goods, Oil, Auto, Metals, Healthcare, IT & Banks have ended negative in varying degrees while FMCG & PSU's have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed sober.

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 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 clearly higher volume. Volatility can be the order of the day; an intra-day downside (seems like a distinct possibility) could come in below the 15565 level while support at lower levels (15350) - would limit the downside. 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 - 288.75 | Support - 272, 215 | Resistance - 315, 350

Trading Range - The scrip opened at 259.95, moved up to an intra-day high of 303.80, declined to an intra-day low of 258.00 and closed at 288.75.

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.

Gtc Ind. (Daily)

Last Close - 254.10 | Support - 249, 223 | Resistance - 308, 352

Trading Range - The scrip opened at 241.00, moved up to an intra-day high of 254.10, declined to an intra-day low of 236.00 and closed at 254.10.

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 - 059.50 | Support - 059, 052 | Resistance - 066, 084

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.

Atlanta. (Daily)

Last Close - 289.05 | Support - 259, 210 | Resistance - 309, 332

Trading Range - The scrip opened at 266.00, moved up to an intra-day high of 289.05, declined to an intra-day low of 263.00 and closed at 289.05.

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.