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

Sensex

Last Close - 14889.25 | Support - 14732, 14431 | Resistance - 15037, 15330

Trading Range - The Sensex opened at 14979.96, moved up to an intra-day high of 15088.03, declined to an intra-day low of 14645.31 and closed at 14889.25.

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 negative territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 14914 level while significant resistance at higher levels (15080) - would limit the upside. The outlook has turned weak again while resistance comes in at the 15800+ level and support comes in at the 14400 level.

Ranklin Sol

Last Close - 144.75 | Support - 123, 091 | Resistance - 146, 172

Trading Range - The scrip opened at 143.55, moved up to an intra-day high of 148.00, declined to an intra-day low of 140.45 and closed at 144.75.

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.

Modern India

Last Close - 224.40 | Support - 219, 183 | Resistance - 274, 308

Trading Range - The scrip opened at 210.00, moved up to an intra-day high of 232.10, declined to an intra-day low of 207.25 and closed at 224.40.

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.

Fortis Fin Ser

Last Close - 073.80 | Support - 069, 048 | Resistance - 078, 091

Trading Range - The scrip opened at 071.00, moved up to an intra-day high of 076.00, declined to an intra-day low of 070.00 and closed at 073.80.

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.

Vakrangee Softw

Last Close - 227.35 | Support - 207, 162 | Resistance - 232, 252

Trading Range - The scrip opened at 220.15, moved up to an intra-day high of 229.95, declined to an intra-day low of 217.20 and closed at 227.35.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside 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.