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, IT, Tech, Banks, PSU, Realty, Healthcare, Metals, Capital Goods & Oil have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close - 19058.67 | Support - 18833, 18537 | Resistance -  19100, 19300

Trading Range - The Sensex opened at 18525.61, moved up to an intra-day high of 19095.75, declined to an intra-day low of 18525.61 and closed at 19058.67. 

Review/Outlook - The Sensex has had a positive trading session, has had a strong opening, has moved just one way, 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 19096 level while resistance at higher levels (19268) – 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 - 154.00 | Support - 140, 118 | Resistance - 175, 200

Trading Range - The scrip opened at 154.00, moved up to an intra-day high of 154.00, declined to an intra-day low of 142.35 and closed at 154.00.

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 - 252.30 | Support - 249, 227 - Resistance - 282, 325

Trading Range -  The scrip opened at 247.40, moved up to an intra-day high of 252.30, declined to an intra-day low of 242.00 and closed at 252.30.

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.  

Kamanwala Hous. (Daily)

Last Close - 124.10 | Support - 115, 098 |Resistance - 128, 145

Trading Range -  The scrip opened at 119.00, moved up to an intra-day high of 124.10, declined to an intra-day low of 119.00 and closed at 124.10.

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.     

IL & FS Inv. (Daily)

Last Close - 321.95 |  Support - 296, 278 | Resistance - 325, 350

Trading Range - The scrip opened at 313.00, moved up to an intra-day high of 321.95, declined to an intra-day low of 303.00 and closed at 321.95.

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.    

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.