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

Sensex (Daily)

Last Close - 15542.77 | Support - 15440, 15341 | Resistance - 15773, 15812

Trading Range - The Sensex opened at 15668.40, moved up to an intra-day high of 15698.98, declined to an intra-day low of 15506.10 and closed at 15542.77.

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 upside (seems like a distinct possibility) could come in above the 15569 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 - 299.95 | Support - 295, 255 | Resistance - 345, 396

Trading Range -The scrip opened at 292.95, moved up to an intra-day high of 299.95, declined to an intra-day low of 277.00 and closed at 299.95.

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.

Jayant Agro. (Daily)

Last Close - 097.40 | Support - 091, 077 | Resistance - 112, 131

Trading Range - The scrip opened at 093.45, moved up to an intra-day high of 097.40, declined to an intra-day low of 093.00 and closed at 097.40.

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.

Gontermann Peip. (Daily)

Last Close - 092.55 | Support - 088, 071 | Resistance - 100, 125

Trading Range - The scrip opened at 089.70, moved up to an intra-day high of 092.55, declined to an intra-day low of 088.50 and closed at 092.55.

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.

Sh. Precoated. (Daily)

Last Close - 399.30 | Support - 363, 315 | Resistance - 419, 470

Trading Range - The scrip opened at 384.40, moved up to an intra-day high of 399.30, declined to an intra-day low of 381.30 and closed at 399.30.

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.

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.