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

Sensex

Last Close - 16752.86 | Support - 16681, 16416 | Resistance - 16964, 17292

Trading Range - The Sensex opened at 17008.03, moved up to an intra-day high of 17085.63, declined to an intra-day low of 16697.47 and closed at 16752.86.

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 higher volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 16740 level while significant support at lower levels (16546) - would limit the downside. The outlook is turning negative again while resistance comes in at the 17300+ level and support comes in at the 15300 level.

Pyramid Saimira

Last Close - 399.65 | Support - 380, 311 | Resistance - 417, 481

Trading Range - The scrip opened at 380.90, moved up to an intra-day high of 405.00, declined to an intra-day low of 380.90 and closed at 399.65.

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.

Sanra Softw

Last Close - 082.05 | Support - 076, 062 | Resistance - 098, 131

Trading Range - The scrip opened at 081.30, moved up to an intra-day high of 082.05, declined to an intra-day low of 079.15 and closed at 082.05.

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.

Bihar Tubes

Last Close - 178.50 | Support - 168, 139 | Resistance - 204, 239

Trading Range - The scrip opened at 170.00, moved up to an intra-day high of 183.60, declined to an intra-day low of 168.50 and closed at 178.50.

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.

Kirloskar Pn

Last Close - 429.75 | Support - 413, 376 | Resistance - 520, 580

Trading Range - The scrip opened at 417.00, moved up to an intra-day high of 435.85, declined to an intra-day low of 416.00 and closed at 429.75.

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.

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.