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, Metals, PSU, Healthcare, Oil, Realty & IT have ended negative in varying degrees while Banks & Auto have ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed cautious.

Sensex

Last Close - 18152.78 | Support - 17953, 17494 | Resistance - 18319, 18632

Trading Range - The Sensex opened at 18011.89, moved up to an intra-day high of 18213.21, declined to an intra-day low of 17443.29 and closed at 18152.78.

Review/Outlook - The Sensex has had a mixed trading session, has had a negative 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 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 18169 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.

Guj. Min

Last Close - 378.25 | Support - 360, 327 | Resistance - 390, 471

Trading Range - The scrip opened at 375.00, moved up to an intra-day high of 378.25, declined to an intra-day low of 364.00 and closed at 378.25.

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.

Godrej Ind

Last Close - 294.00 | Support - 258, 199 | Resistance - 307, 366

Trading Range - The scrip opened at 289.80, moved up to an intra-day high of 294.00, declined to an intra-day low of 280.00 and closed at 294.00.

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 - 110.95 | Support - 096, 081 | Resistance - 111, 130

Trading Range - The scrip opened at 102.55, moved up to an intra-day high of 110.95, declined to an intra-day low of 102.55 and closed at 110.95.

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 - 443.85 | Support - 409, 382 | Resistance - 463, 520

Trading Range - The scrip opened at 396.60, moved up to an intra-day high of 461.00, declined to an intra-day low of 396.60 and closed at 443.85.

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.

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.