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

Sensex

Last Close - 15189.62 | Support - 15037, 14732 | Resistance - 15330, 15734

Trading Range - The Sensex opened at 15327.10, moved up to an intra-day high of 15337.10, declined to an intra-day low of 15135.81 and closed at 15189.62.

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 in negative 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 15198 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 - 162.25 | Support - 146, 123 | Resistance - 172, 221

Trading Range - The scrip opened at 166.00, moved up to an intra-day high of 169.00, declined to an intra-day low of 157.00 and closed at 162.25.

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.

Modern India

Last Close - 233.55 | Support - 219, 183 | Resistance - 274, 308

Trading Range - The scrip opened at 230.00, moved up to an intra-day high of 240.00, declined to an intra-day low of 225.15 and closed at 233.55.

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.

Gemini Comm

Last Close - 193.85 | Support - 181, 157 | Resistance - 204, 244

Trading Range - The scrip opened at 186.00, moved up to an intra-day high of 193.85, declined to an intra-day low of 181.15 and closed at 193.85.

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.

Vakrangee Softw

Last Close - 242.60 | Support - 232, 207 | Resistance - 252, 280

Trading Range - The scrip opened at 240.45, moved up to an intra-day high of 247.90, declined to an intra-day low of 238.00 and closed at 242.60.

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.