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, Consumer Durables, FMCG, Auto, Metals, PSU, Banks, Healthcare, Oil, Realty & IT have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed cautious.

Sensex

Last Close - 18361.66 | Support - 18319, 17953 | Resistance - 18632, 18833

Trading Range - The Sensex opened at 17504.00, moved up to an intra-day high of 18406.25, declined to an intra-day low of 17504.00 and closed at 18361.66.

Review/Outlook - The Sensex has had a good trading session, has had a positive opening, has moved just one way, has received buying support even at higher levels, has come off from its intra - day low and has finally ended sharply in positive 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 18378 level while significant resistance at higher levels (18800) - would limit the upside making it unsustainable. The outlook has turned negative again while resistance comes in at the 19200+ level and support comes in at the 16210 level.

Rei Agro

Last Close - 969.55 | Support - 894, 764 | Resistance - 1000, 1100

Trading Range - The scrip opened at 960.00, moved up to an intra-day high of 985.65, declined to an intra-day low of 910.00 and closed at 969.55.

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.

Godrej Ind

Last Close - 280.00 | Support - 258, 199 | Resistance - 307, 366

Trading Range - The scrip opened at 266.00, moved up to an intra-day high of 280.00, declined to an intra-day low of 258.00 and closed at 280.00.

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.

Secu. Cap. Inv

Last Close - 106.85 | Support - 096, 081 | Resistance - 111, 130

Trading Range - The scrip opened at 102.00, moved up to an intra-day high of 106.85, declined to an intra-day low of 102.00 and closed at 106.85.

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.

Milkfood

Last Close - 439.25 | Support - 409, 382 | Resistance - 463, 520

Trading Range - The scrip opened at 423.00, moved up to an intra-day high of 458.00, declined to an intra-day low of 400.10 and closed at 439.25.

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.

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.

DISCLAIMER : While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.

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.