Stock picks of the day

The market has remained in a weak state of mind, has come off its intra-day high and has finally ended the day in negative territory. Capital Goods, Consumer Durables, FMCG, Auto, Metals, PSU, Banks, Healthcare, Oil, Realty & IT have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed panicky.

Sensex (Daily)                                                                     

Last Close - 19013.70 | Support - 18833, 18632 | Resistance - 19276, 19621

Trading Range - The Sensex opened at 19579.61, moved up to an intra-day high of 19715.78, declined to an intra-day low of 18930.42 and closed at 19013.70. 

Review/Outlook - The Sensex has had a weak trading session, has had a negative opening, has moved just one way, has faced selling pressure even at lower levels, has come off from its intra - day high and has finally ended sharply 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 19000 level while significant support at lower levels (18600) - would limit the downside. The outlook has turned negative again while resistance comes in at the 21200+ level and support comes in at the 18632 level.  

Hydro S & S. (Daily)                                                   

Last Close - 071.20 | Support - 068, 056 | Resistance - 082, 100

Trading Range - The scrip opened at 068.00, moved up to an intra-day high of 072.80, declined to an intra-day low of 060.75 and closed at 071.20.

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.   

Ceekay Diakin. (Daily)                                               

Last Close - 138.85 | Support - 128, 110 | Resistance - 149, 167

Trading Range - The scrip opened at 134.90, moved up to an intra-day high of 138.85, declined to an intra-day low of 128.00 and closed at 138.85.

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.   

Helios Matheson. (Daily)                                                

Last Close - 138.40 | Support - 135, 116 | Resistance - 155, 178

Trading Range - The scrip opened at 126.00, moved up to an intra-day high of 150.00, declined to an intra-day low of 121.00 and closed at 138.40.

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.       

Rajoo Engin. (Daily)                                                

Last Close - 150.15 | Support - 124, 105 | Resistance - 151, 175

Trading Range - The scrip opened at 145.80, moved up to an intra-day high of 150.60, declined to an intra-day low of 145.80 and closed at 150.15.

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.     

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.