Stock picks of the day

The market has remained in a weak state of mind, has come off its intra-day high and has finally ended the day in negative territory. Banks, Healthcare, Consumer Durables, Metal, Oil, Realty, IT, FMCG, Auto, Capital Goods & PSU have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed panicky.

Sensex

Last Close - 15087.99 | Support - 15037, 14732 | Resistance - 15330, 15734

Trading Range - The Sensex opened at 15250.47, moved up to an intra-day high of 15259.36, declined to an intra-day low of 15051.66 and closed at 15087.99.

Review/Outlook - The Sensex has had a weak trading session, has had a negative opening, has moved just one way, has faced selling pressure even at lower levels, has come off from its intra - day high and has finally ended sharply in negative territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15102 level while significant resistance at higher levels (15300) - 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.

Gtc Industries

Last Close - 157.15 | Support - 150, 129 | Resistance - 174, 195

Trading Range - The scrip opened at 147.25, moved up to an intra-day high of 157.15, declined to an intra-day low of 147.25 and closed at 157.15.

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.

Iec Software

Last Close - 084.40 | Support - 077, 060 | Resistance - 093, 118

Trading Range - The scrip opened at 078.05, moved up to an intra-day high of 084.40, declined to an intra-day low of 078.00 and closed at 084.40.

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.

Shardul Sec

Last Close - 158.75 | Support - 138, 112 | Resistance - 169, 214

Trading Range - The scrip opened at 158.70, moved up to an intra-day high of 158.75, declined to an intra-day low of 154.05 and closed at 158.75.

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.

Abl Biotech

Last Close - 089.85 | Support - 081, 067 | Resistance - 104, 125

Trading Range - The scrip opened at 085.00, moved up to an intra-day high of 089.85, declined to an intra-day low of 082.60 and closed at 089.85.

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.

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.