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

Sensex (Daily)

Last Close - 15596.83 | Support - 15440, 15341 | Resistance - 15773, 15812

Trading Range - The Sensex opened at 15413.58, moved up to an intra-day high of 15626.28, declined to an intra-day low of 15363.53 and closed at 15596.83.

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 15626 level while resistance at higher levels (15716) - 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.

Birla Kenna. (Daily)

Last Close - 272.70 | Support - 255, 204 | Resistance - 295, 345

Trading Range - The scrip opened at 242.00, moved up to an intra-day high of 272.70, declined to an intra-day low of 242.00 and closed at 272.70.

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.

Gtc Ind. (Daily)

Last Close - 274.15 | Support - 249, 223 | Resistance - 308, 352

Trading Range - The scrip opened at 256.00, moved up to an intra-day high of 277.40, declined to an intra-day low of 248.15 and closed at 274.15.

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 - 068.05 | Support - 066, 052 | Resistance - 084, 094

Trading Range - The scrip opened at 063.00, moved up to an intra-day high of 069.80, declined to an intra-day low of 059.00 and closed at 068.05.

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.

Atlanta.(Daily)

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

Trading Range - The scrip opened at 289.00, moved up to an intra-day high of 304.00, declined to an intra-day low of 285.40 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.