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

Sensex

Last Close - 17015.96 | Support - 16964, 16681 | Resistance - 17292, 17494

Trading Range - The Sensex opened at 17251.56, moved up to an intra-day high of 17251.56, declined to an intra-day low of 16978.89 and closed at 17015.96.

Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has faced selling pressure at higher levels, has come off from its intra - day high 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 17042 level while significant resistance at higher levels (17292) - would limit the upside. The outlook has turned positive again while resistance comes in at the 16609+ level and support comes in at the 15300 level.

Lkp Mer. Fin

Last Close - 171.55 | Support - 170, 151 | Resistance - 209, 234

Trading Range - The scrip opened at 167.30, moved up to an intra-day high of 172.80, declined to an intra-day low of 166.80 and closed at 171.55.

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.

High Energy

Last Close - 229.45 | Support - 205, 163 | Resistance - 243, 309

Trading Range - The scrip opened at 210.60, moved up to an intra-day high of 231.50, declined to an intra-day low of 210.00 and closed at 229.45.

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.

Oscar Invest

Last Close - 133.35 | Support - 118, 082 | Resistance - 144, 197

Trading Range - The scrip opened at 126.95, moved up to an intra-day high of 133.35, declined to an intra-day low of 122.00 and closed at 133.35.

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.

Tricom India

Last Close - 165.85 | Support - 142, 112 | Resistance - 166, 197

Trading Range - The scrip opened at 165.90, moved up to an intra-day high of 171.00, declined to an intra-day low of 163.00 and closed at 165.85.

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.

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.