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. Consumer Durables, FMCG, IT, Auto, Metal & PSU, Banks, Capital Goods, Oil, Realty & Healthcare 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 shaky

Sensex (Daily)                                                                     

Last Close - 15760.52 | Support - 15734, 15638 | Resistance - 15956, 16165

Trading Range - The Sensex opened at 15467.39, moved up to an intra-day high of 15798.42, declined to an intra-day low of 15331.35 and closed at 15760.52. 

Review/Outlook - The Sensex has had a solid 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 downside (seems like a formality) could come in below the 15756 level while significant support at lower levels (14900) - would limit the downside. The outlook has turned negative again while resistance comes in at the 18800+ level and support comes in at the 14700 level.  

Stewart Lloyd. (Daily)                                                 

Last Close - 156.40 | Support - 150, 116 | Resistance - 173, 199

Trading Range - The scrip opened at 145.00, moved up to an intra-day high of 157.30, declined to an intra-day low of 141.00 and closed at 156.40.

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.   

Dcm Shriram. (Daily)                                                  

Last Close - 114.35 | Support - 110, 084 | Resistance - 129, 142

Trading Range - The scrip opened at 113.00, moved up to an intra-day high of 116.00, declined to an intra-day low of 110.25 and closed at 114.35.

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.   

Icsa Limited. (Daily)                                           

Last Close - 383.35 | Support - 363, 320 | Resistance - 416, 474

Trading Range - The scrip opened at 380.00, moved up to an intra-day high of 388.00, declined to an intra-day low of 363.05 and closed at 383.35.

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.       

Nitco Tiles. (Daily)                                                  

Last Close - 251.80 | Support - 235, 212 | Resistance - 253, 290

Trading Range - The scrip opened at 246.50, moved up to an intra-day high of 255.00, declined to an intra-day low of 240.30 and closed at 251.80.

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.     

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.