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. 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 decrease (read as turnover) while the undertone seemed confused.

Sensex (Daily)                                                                     

Last Close - 17221.74 | Support - 17184, 16869 | Resistance -17361, 17494

Trading Range - The Sensex opened at 17920.98, moved up to an intra-day high of 18185.10, declined to an intra-day low of 17070.75 and closed at 17221.74. 

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 sharply in negative territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 17222 level while significant resistance at higher levels (18000) – would limit the upside. The outlook has turned negative again while resistance comes in at the 19200+ level and support comes in at the 16210 level.  

Rei Agro. (Daily)                                                         

Last Close - 938.75 | Support - 894, 764 | Resistance - 1000, 1100

Trading Range - The scrip opened at 934.00, moved up to an intra-day high of 938.75, declined to an intra-day low of 885.00 and closed at 938.75.

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.   

Pidilite Ind. (Daily)                                                      

Last Close - 180.20 | Support - 153, 121 | Resistance - 184, 218

Trading Range - The scrip opened at 182.00, moved up to an intra-day high of 200.00, declined to an intra-day low of 176.10 and closed at 180.20.

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.   

Secu. Cap. Inv. (Daily)                                       

Last Close - 101.80 | Support - 096, 081 | Resistance - 111, 130

Trading Range - The scrip opened at 099.00, moved up to an intra-day high of 101.85, declined to an intra-day low of 094.05 and closed at 101.80.

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.       

Milkfood. (Daily)                                                     

Last Close - 419.00 | Support - 409, 382 | Resistance - 463, 520

Trading Range - The scrip opened at 422.05, moved up to an intra-day high of 422.05, declined to an intra-day low of 360.10 and closed at 419.00.

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.     

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.