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

Sensex

Last Close - 13850.04 | Support - 13780, 13554 | Resistance - 13872, 14046

Trading Range - The Sensex opened at 13782.13, moved up to an intra-day high of 13878.88, declined to an intra-day low of 13581.19 and closed at 13850.04.

Review/Outlook - The Sensex has had a mixed trading session, has had a positive 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 13869 level while significant resistance at higher levels (14100) - would limit the upside. The outlook has turned neutral again while resistance comes in at the 14700+ level and support comes in at the 12316 level.

Webel Sl Ener

Last Close - 213.05 | Support - 199, 173 | Resistance - 237, 274

Trading Range - The scrip opened at 213.00, moved up to an intra-day high of 217.00, declined to an intra-day low of 206.00 and closed at 213.05.

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.

Lkp Mer. Fin

Last Close - 111.30 | Support - 101, 084 | Resistance - 151, 170

Trading Range - The scrip opened at 109.90, moved up to an intra-day high of 111.30, declined to an intra-day low of 105.10 and closed at 111.30.

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.

Essar Shipp

Last Close - 110.20 | Support - 096, 077 | Resistance - 119, 137

Trading Range - The scrip opened at 116.20, moved up to an intra-day high of 116.20, declined to an intra-day low of 107.60 and closed at 110.20.

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.

Kirl. Pneum

Last Close - 341.90 | Support - 324, 289 | Resistance - 357, 399

Trading Range - The scrip opened at 310.00, moved up to an intra-day high of 341.90, declined to an intra-day low of 310.00 and closed at 341.90.

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.

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.