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

Sensex

Last Close - 14656.69 | Support - 14431, 14046 | Resistance - 14732, 15037

Trading Range - The Sensex opened at 14064.26, moved up to an intra-day high of 14682.33, declined to an intra-day low of 14032.87 and closed at 14656.69.

Review/Outlook - The Sensex has had a mixed trading session, has had a weak 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 distinct possibility) could come in above the 14669 level while significant resistance at higher levels (15100) - would limit the upside. The outlook has turned positive again while resistance comes in at the 15300+ level and support comes in at the 12780 level.

HMT Ltd

Last Close - 078.35 | Support - 073, 058 | Resistance - 099, 123

Trading Range - The scrip opened at 070.00, moved up to an intra-day high of 078.35, declined to an intra-day low of 069.35 and closed at 078.35.

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.

Gulf Oil

Last Close - 081.15 | Support - 074, 058 | Resistance - 093, 126

Trading Range - The scrip opened at 078.65, moved up to an intra-day high of 081.95, declined to an intra-day low of 078.65 and closed at 081.15.

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.

Automotive Axles

Last Close - 273.45 | Support - 253, 219 | Resistance - 291, 343

Trading Range - The scrip opened at 270.00, moved up to an intra-day high of 284.95, declined to an intra-day low of 240.05 and closed at 273.45.

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.

Goa Carbon

Last Close - 122.50 | Support - 116, 085 | Resistance - 139, 162

Trading Range - The scrip opened at 122.50, moved up to an intra-day high of 122.50, declined to an intra-day low of 116.00 and closed at 122.50.

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.