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

Sensex

Last Close - 13926.24 | Support - 13780, 13554 | Resistance - 14046, 14431

Trading Range - The Sensex opened at 13861.60, moved up to an intra-day high of 14047.43, declined to an intra-day low of 13763.94 and closed at 13926.24.

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 positive 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 13941 level while significant resistance at higher levels (14150) - would limit the upside. The outlook has turned neutral again while resistance comes in at the 14700+ level and support comes in at the 12800 level.

Gremac Infra

Last Close - 091.90 | Support - 087, 064 | Resistance - 104, 132

Trading Range - The scrip opened at 089.10, moved up to an intra-day high of 091.90, declined to an intra-day low of 088.25 and closed at 091.90.

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.

Walchand Ind

Last Close - 258.30 | Support - 244, 215 | Resistance - 283, 329

Trading Range - The scrip opened at 258.30, moved up to an intra-day high of 258.30, declined to an intra-day low of 252.25 and closed at 258.30.

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.

Gemini Comm

Last Close - 139.25 | Support - 132, 109 | Resistance - 154, 175

Trading Range - The scrip opened at 131.30, moved up to an intra-day high of 139.25, declined to an intra-day low of 131.30 and closed at 139.25.

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.

Radhe Develop

Last Close - 084.45 | Support - 069, 045 | Resistance - 095, 128

Trading Range - The scrip opened at 084.70, moved up to an intra-day high of 084.70, declined to an intra-day low of 082.00 and closed at 084.45.

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.

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.