Stock picks of the day

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

Sensex (Daily)                                                                    

Last Close - 18814.07 | Support - 18800, 18600| Resistance - 19000, 19200

Trading Range - The Sensex opened at 18696.62, moved up to an intra-day high of 18832.65, declined to an intra-day low of 18536.97 and closed at 18814.07. 

Review/Outlook - The Sensex has had a positive trading session, has had a good opening, has moved both ways, has received buying support even at higher levels, has come off from its intra - day low and has finally ended sharply in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 18832 level while resistance at higher levels (19000) – would limit the upside. The outlook has turned bullish again while resistance comes in at the 19200+ level and support comes in at the 16800 level. 

Deep Inds. (Daily)                                                     

Last Close - 127.30 | Support - 118, 102 |  Resistance - 140, 175

Trading Range - The scrip opened at 116.40, moved up to an intra-day high of 127.30, declined to an intra-day low of 115.00 and closed at 127.30.

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.   

State Trad. Corp. (Daily) 

Last Close - 465.00 | Support - 450, 418 | Resistance - 500, 550

Trading Range - The scrip opened at 465.35, moved up to an intra-day high of 465.35, declined to an intra-day low of 462.00 and closed at 465.35.

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.  

Evinix Ltd. (Daily)                                            

Last Close - 216.35 |  Support - 199, 174 | Resistance - 225, 250

Trading Range - The scrip opened at 209.90, moved up to an intra-day high of 216.35, declined to an intra-day low of 208.00 and closed at 216.35.

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.     

Indo Borax. (Daily)                                                

Last Close - 183.50 | Support - 180, 139 | Resistance -  206, 250

Trading Range - The scrip opened at 182.00, moved up to an intra-day high of 183.55, declined to an intra-day low of 176.00 and closed at 183.50.

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 not only be having positions but could even be having contrary positions in the stocks mentioned above.