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. Capital Goods, Oil, Realty Banks, Healthcare, Tech, Consumer Durables, Auto, Metals, FMCG & PSU's have ended positive in varying degrees while the IT sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)                                                                     

Last Close - 19035.48 | Support - 18833, 18327 | Resistance - 19276, 19621

Trading Range - The Sensex opened at 18681.10, moved up to an intra-day high of 19210.48, declined to an intra-day low of 18636.21 and closed at 19035.48. 

Review/Outlook - The Sensex has had a mixed trading session, has had a weak opening, has moved both ways, has received buying support at lower levels, has come off from its intra - day low and has finally ended in positive 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 19206 level while resistance at higher levels (19502) -- would limit the upside. The outlook has turned bullish again while resistance comes in at the 21200+ level and support comes in at the 18833 level. 

Premier Auto. (Daily)                                                  

Last Close - 128.85 | Support - 125, 095 | Resistance - 150, 175

Trading Range - The scrip opened at 127.90, moved up to an intra-day high of 128.85, declined to an intra-day low of 124.25 and closed at 128.85.

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.   

Kaveri Tele. (Daily)                                                    

Last Close - 187.95 | Support - 177, 152 | Resistance - 189, 208

Trading Range - The scrip opened at 180.00, moved up to an intra-day high of 187.95, declined to an intra-day low of 178.50 and closed at 187.95.

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.   

Bombay Burmah. (Daily)                                                

Last Close - 786.95 | Support - 769, 661 | Resistance - 798, 850

Trading Range - The scrip opened at 755.00, moved up to an intra-day high of 786.95, declined to an intra-day low of 745.00 and closed at 786.95.

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.       

Salora Int. (Daily)                                                    

Last Close - 214.40 | Support - 210, 162 | Resistance - 244, 300

Trading Range - The scrip opened at 203.00, moved up to an intra-day high of 214.40, declined to an intra-day low of 200.10 and closed at 214.40.

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.     

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.