Stock picks of the day

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

Sensex (Daily)                                                                     

Last Close - 19700.82 | Support - 19621, 19276 | Resistance - 19984, 20035

Trading Range - The Sensex opened at 19972.75, moved up to an intra-day high of 20026.12, declined to an intra-day low of 19643.76 and closed at 19700.82. 

Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on higher volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 19690 level while significant support at lower levels (19200) - would limit the downside. The outlook has turned negative again while resistance comes in at the 21200+ level and support comes in at the 18833 level.  

Artson Eng. (Daily)                                                     

Last Close - 093.25 | Support - 093, 080 | Resistance - 134, 169

Trading Range - The scrip opened at 091.00, moved up to an intra-day high of 093.25, declined to an intra-day low of 091.00 and closed at 093.25.

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.   

Manap Gen. Fi. (Daily)                                               

Last Close - 189.35 | Support - 189, 164 | Resistance - 214, 242

Trading Range - The scrip opened at 181.10, moved up to an intra-day high of 189.35, declined to an intra-day low of 181.10 and closed at 189.35.

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.   

Jaypee Hotel. (Daily)                                          

Last Close - 217.35 | Support - 190, 153 | Resistance - 237, 301

Trading Range - The scrip opened at 221.00, moved up to an intra-day high of 224.00, declined to an intra-day low of 215.00 and closed at 217.35.

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.        

Goldstone Tele. (Daily)                                            

Last Close - 062.50 | Support - 060, 045 | Resistance - 072, 091

Trading Range - The scrip opened at 062.40, moved up to an intra-day high of 062.50, declined to an intra-day low of 062.00 and closed at 062.50.

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.