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 sharply in negative territory. Banks, Consumer Durables, Healthcare, Oil, Auto, FMCG, IT, Metal, Capital Goods, PSU & Realty have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed weak.

Sensex

Last Close - 15514.79 | Support - 15322, 15160 | Resistance - 15638, 15734

Trading Range - The Sensex opened at 15992.90, moved up to an intra-day high of 15992.90, declined to an intra-day low of 15442.34 and closed at 15514.79.

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 sharply 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 15501 level while significant support at lower levels (15322) - would limit the downside. The outlook has turned weak again while resistance comes in at the 17300+ level and support comes in at the 14700 level.

Dover Secur

Last Close - 166.00 | Support - 157, 117 | Resistance - 199, 237

Trading Range - The scrip opened at 164.00, moved up to an intra-day high of 166.00, declined to an intra-day low of 164.00 and closed at 166.00.

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.

Zicom Elec

Last Close - 161.85 | Support - 151, 111 | Resistance - 182, 240

Trading Range - The scrip opened at 151.00, moved up to an intra-day high of 171.90, declined to an intra-day low of 148.95 and closed at 161.85.

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.

Refex Refrig

Last Close - 229.80 | Support - 221, 186 | Resistance - 230, 276

Trading Range - The scrip opened at 225.00, moved up to an intra-day high of 233.50, declined to an intra-day low of 221.00 and closed at 229.80.

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.

Rankling Solu

Last Close - 142.60 | Support - 123, 091 | Resistance - 146, 172

Trading Range - The scrip opened at 138.70, moved up to an intra-day high of 149.25, declined to an intra-day low of 138.70 and closed at 142.60.

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.

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.