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

Sensex

Last Close - 15769.72 | Support - 15734, 15638 | Resistance - 15956, 16165

Trading Range - The Sensex opened at 15479.65, moved up to an intra-day high of 15814.80, declined to an intra-day low of 15314.02 and closed at 15769.72.

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 sharply in positive territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 15829 level while significant resistance at higher levels (15938) - would limit the upside. 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 - 174.30 | Support - 157, 117 | Resistance - 199, 237

Trading Range - The scrip opened at 171.00, moved up to an intra-day high of 174.30, declined to an intra-day low of 171.00 and closed at 174.30.

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.

Zicom Elec

Last Close - 160.85 | Support - 151, 111 | Resistance - 182, 240

Trading Range - The scrip opened at 165.00, moved up to an intra-day high of 168.50, declined to an intra-day low of 155.00 and closed at 160.85.

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 - 231.05 | Support - 221, 186 | Resistance - 276, 305

Trading Range - The scrip opened at 226.50, moved up to an intra-day high of 233.00, declined to an intra-day low of 226.10 and closed at 231.05.

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.

Rankling Solu

Last Close - 150.50 | Support - 146, 123 | Resistance - 172, 199

Trading Range - The scrip opened at 144.50, moved up to an intra-day high of 153.00, declined to an intra-day low of 144.50 and closed at 150.50.

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.

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.