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

Sensex

Last Close -15250.20 | Support -15037, 14732 | Resistance -15330, 15734

Trading Range -The Sensex opened at 14957.53, moved up to an intra-day high of 15270.85, declined to an intra-day low of 14747.90 and closed at 15250.20.

Review/Outlook -The Sensex has had a mixed trading session, 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 higher volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 15268 level while significant resistance at higher levels (15405) -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 -161.30 | Support -146, 123 | Resistance -172, 221

Trading Range -The scrip opened at 145.00, moved up to an intra-day high of 162.00, declined to an intra-day low of 145.00 and closed at 161.30.

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.

Modern India

Last Close -234.45 | Support -219, 183 | Resistance -274, 308

Trading Range -The scrip opened at 219.00, moved up to an intra-day high of 235.95, declined to an intra-day low of 219.00 and closed at 234.45.

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 -089.25 | Support -078, 069 | Resistance -091, 123

Trading Range -The scrip opened at 082.00, moved up to an intra-day high of 089.25, declined to an intra-day low of 073.60 and closed at 089.25.

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 -238.85 | Support -232, 207 | Resistance -252, 280

Trading Range -The scrip opened at 226.10, moved up to an intra-day high of 240.50, declined to an intra-day low of 221.00 and closed at 238.85.

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.