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 negative territory. Banks, Auto, Capital Goods, Realty, Consumer Durables, Healthcare, Metal, PSU & Oil have ended negative in varying degrees while FMCG & IT have ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.

Sensex

Last Close - 17464.89 | Support - 17361, 17184 | Resistance - 17494, 17953

Trading Range - The Sensex opened at 17610.07, moved up to an intra-day high of 17688.73, declined to an intra-day low of 17203.06 and closed at 17464.89.

Review/Outlook - The Sensex has had a mixed trading session, has had a positive 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 17479 level while significant resistance at higher levels (17630) - would limit the upside. The outlook has turned negative again while resistance comes in at the 18800+ level and support comes in at the 17200 level.

Daawat Ltd

Last Close - 082.65 | Support - 074, 059 | Resistance - 084, 103

Trading Range - The scrip opened at 077.00, moved up to an intra-day high of 082.65, declined to an intra-day low of 074.85 and closed at 082.65.

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.

Ratnab Cap

Last Close - 199.90 | Support - 187, 134 | Resistance - 216, 252

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 182.00 and closed at 199.90.

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.

Transworld Info

Last Close - 144.25 | Support - 128, 099 | Resistance - 159, 192

Trading Range - The scrip opened at 134.20, moved up to an intra-day high of 144.25, declined to an intra-day low of 130.55 and closed at 144.25.

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.

Sh Lakshmi

Last Close - 156.45 | Support - 136, 105 | Resistance - 162, 202

Trading Range - The scrip opened at 152.00, moved up to an intra-day high of 158.75, declined to an intra-day low of 141.05 and closed at 156.45.

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.