Stock picks of the day

The market has remained in a solid state of mind, has come off its intra-day low and has finally ended the day in positive territory. Metal, PSU, Consumer Durables, IT, FMCG & Healthcare have ended positive in varying degrees while Banks, Capital Goods, Auto & Realty have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed better.

Sensex

Last Close - 16542.08 | Support - 16416, 16308 | Resistance - 16681, 16964

Trading Range - The Sensex opened at 16328.91, moved up to an intra-day high of 16595.64, declined to an intra-day low of 16253.02 and closed at 16542.08.

Review/Outlook - The Sensex has had a solid trading session, has had a neutral opening, has moved just one way, has received buying support even at lower levels, has come off from its intra - day low and has finally ended smartly in positive territory on lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 16530 level while significant support at lower levels (16460) - would limit the downside. The outlook has turned negative again while resistance comes in at the 18800+ level and support comes in at the 16200 level.

Refex Refrig

Last Close - 180.25 | Support - 178, 151 | Resistance - 202, 222

Trading Range - The scrip opened at 172.00, moved up to an intra-day high of 180.25, declined to an intra-day low of 171.10 and closed at 180.25.

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.

Tempt. Foods

Last Close - 193.80 | Support - 178, 154 | Resistance - 199, 221

Trading Range - The scrip opened at 190.00, moved up to an intra-day high of 195.85, declined to an intra-day low of 181.00 and closed at 193.80.

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.

St. Tr. Corp

Last Close - 830.75 | Support - 754, 703 | Resistance - 919, 1086

Trading Range - The scrip opened at 827.30, moved up to an intra-day high of 830.75, declined to an intra-day low of 816.00 and closed at 830.75.

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.

Lkp Mer. Fin

Last Close - 158.25 | Support - 138, 101 | Resistance - 169, 209

Trading Range - The scrip opened at 152.00, moved up to an intra-day high of 159.40, declined to an intra-day low of 145.30 and closed at 158.25.

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.

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.