Stock picks of the day

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

Sensex (Daily)
Last Close - 18419.04 | Support - 18327, 17980 | Resistance - 18537, 18833

Trading Range - The Sensex opened at 18794.63, moved up to an intra-day high of 18844.62, declined to an intra-day low of 18336.00 and closed at 18419.04. 

Review/Outlook - The Sensex has had a negative trading session, has had a decent opening, has moved just one way, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended sharply in negative territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 18336 level while support at lower levels (18300) – would limit the downside. 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 - 140.00 | Support - 140, 118 | Resistance - 175, 200

Trading Range - The scrip opened at 131.00, moved up to an intra-day high of 140.00, declined to an intra-day low of 126.00 and closed at 140.00.

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.   

Bartronics Ltd. (Daily)
Last Close - 240.30 | Support - 227, 204 | Resistance - 249, 282

Trading Range - The scrip opened at 231.10, moved up to an intra-day high of 240.30, declined to an intra-day low of 228.00 and closed at 240.30.

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.  

Evinix Ltd. (Daily)
Last Close - 227.15 | Support - 225, 199 | Resistance - 250, 275

Trading Range - The scrip opened at 224.00, moved up to an intra-day high of 227.15, declined to an intra-day low of 218.15 and closed at 227.15.

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.     

IL & FS Inv. (Daily)
Last Close - 292.70 | Support - 278, 248 | Resistance - 296, 325

Trading Range - The scrip opened at 266.00, moved up to an intra-day high of 292.70, declined to an intra-day low of 266.00 and closed at 292.70.

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.    

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.