Stock picks of the day

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

Sensex

Last Close - 16978.35 | Support - 16964, 16681 | Resistance - 17292, 17494

Trading Range - The Sensex opened at 16691.30, moved up to an intra-day high of 17014.94, declined to an intra-day low of 16626.35 and closed at 16978.35.

Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved both ways, has faced buying support at lower levels, has come off from its intra - day low and has finally ended in positive 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 16991 level while significant resistance at higher levels (17137) - would limit the upside. The outlook is turning negative again while resistance comes in at the 17300+ level and support comes in at the 15300 level.

Fortis Fin. Ser

Last Close - 202.60 | Support - 193, 171 | Resistance - 213, 260

Trading Range - The scrip opened at 195.50, moved up to an intra-day high of 205.25, declined to an intra-day low of 195.00 and closed at 202.60.

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.

Fcs Softw

Last Close - 090.05 | Support - 084, 066 | Resistance - 104, 117

Trading Range - The scrip opened at 085.00, moved up to an intra-day high of 090.05, declined to an intra-day low of 084.10 and closed at 090.05.

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 - 179.00 | Support - 168, 139 | Resistance - 204, 239

Trading Range - The scrip opened at 177.90, moved up to an intra-day high of 184.70, declined to an intra-day low of 175.50 and closed at 179.00.

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 - 445.15 | Support - 413, 376 | Resistance - 520, 580

Trading Range - The scrip opened at 424.00, moved up to an intra-day high of 467.00, declined to an intra-day low of 424.00 and closed at 445.15.

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.