Stock picks of the day

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

Sensex (Daily)                                                                     

Last Close - 14833.46 | Support - 14732, 14431 | Resistance - 15037, 15330

Trading Range - The Sensex opened at 14725.68, moved up to an intra-day high of 15169.61, declined to an intra-day low of 14677.24 and closed at 14833.46. 

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 high and has finally ended in positive territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 14849 level while significant resistance at higher levels (15330) - would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 14700 level.  

Era Infra Ltd. (Daily)                                                  

Last Close - 596.35 | Support - 582, 529 | Resistance - 627, 663

Trading Range - The scrip opened at 604.00, moved up to an intra-day high of 605.00, declined to an intra-day low of 575.00 and closed at 596.35.

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.   

Northgate Tech. (Daily)                                                          

Last Close - 325.30 | Support - 287, 232 | Resistance - 371, 410

Trading Range - The scrip opened at 309.00, moved up to an intra-day high of 335.00, declined to an intra-day low of 287.50 and closed at 325.30.

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.   

Man Industries. (Daily)                                       

Last Close - 110.50 | Support - 090, 072 | Resistance - 119, 142

Trading Range - The scrip opened at 098.10, moved up to an intra-day high of 114.40, declined to an intra-day low of 098.10 and closed at 110.50.

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.       

Prithvi Info. (Daily)                                                  

Last Close - 152.45 | Support - 132, 098 | Resistance - 157, 195

Trading Range - The scrip opened at 115.55, moved up to an intra-day high of 157.15, declined to an intra-day low of 115.55 and closed at 152.45.

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.     

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.