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

Sensex

Last Close - 20465.30 | Support - 20238, 20035 | Resistance - 20498, 20700

Trading Range - The Sensex opened at 20393.10, moved up to an intra-day high of 20529.48, declined to an intra-day low of 20077.40 and closed at 20465.30.

Review/Outlook - The Sensex has had a mixed trading session, has had a positive 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 downside (seems like a distinct possibility) could come in below the 20448 level while support at lower levels (20035) - would limit the downside. The outlook has turned positive again while resistance comes in at the 21200+ level and support comes in at the 18833 level.

Kalptaru Ltd

Last Close - 052.65 | Support - 044, 031 | Resistance - 065, 082

Trading Range - The scrip opened at 051.80, moved up to an intra-day high of 052.65, declined to an intra-day low of 050.30 and closed at 052.65.

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.

Orissa Spong

Last Close - 640.75 | Support - 619, 545 | Resistance - 728, 792

Trading Range - The scrip opened at 640.75, moved up to an intra-day high of 640.75, declined to an intra-day low of 625.00 and closed at 640.75.

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.

Batliboi Ltd

Last Close - 128.70 | Support - 117, 093 | Resistance - 148, 189

Trading Range - The scrip opened at 111.20, moved up to an intra-day high of 128.70, declined to an intra-day low of 111.20 and closed at 128.70.

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.

Sahara One

Last Close - 490.00 | Support - 435, 376 | Resistance - 496, 562

Trading Range - The scrip opened at 485.25, moved up to an intra-day high of 500.00, declined to an intra-day low of 445.00 and closed at 490.00.

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.

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.