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, Consumer Durables, Capital Goods & IT have ended positive in varying degrees while the Auto sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex

Last Close - 14104.20 | Support - 14046, 13872 | Resistance - 14431, 14732

Trading Range - The Sensex opened at 13837.64, moved up to an intra-day high of 14206.13, declined to an intra-day low of 13798.18 and closed at 14104.20.

Review/Outlook - The Sensex has had a mixed trading session, has had a neutral 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 formality) could come in above the 14105 level while significant resistance at higher levels (14700) - 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 - 216.00 | Support - 199, 173 | Resistance - 237, 274

Trading Range - The scrip opened at 205.50, moved up to an intra-day high of 216.75, declined to an intra-day low of 205.50 and closed at 216.00.

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 - 116.80 | Support - 101, 084 | Resistance - 151, 170

Trading Range - The scrip opened at 111.00, moved up to an intra-day high of 116.85, declined to an intra-day low of 111.00 and closed at 116.80.

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 - 117.40 | Support - 096, 077 | Resistance - 119, 137

Trading Range - The scrip opened at 111.90, moved up to an intra-day high of 120.00, declined to an intra-day low of 108.00 and closed at 117.40.

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.

Kirl. Pneum

Last Close - 385.45 | Support - 357, 324 | Resistance - 399, 437

Trading Range - The scrip opened at 361.00, moved up to an intra-day high of 390.00, declined to an intra-day low of 361.00 and closed at 385.45.

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.