Stock picks of the day

The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in negative territory. Banks, FMCG, Auto, Healthcare, IT, Metal, Psu, Realty & Consumer Durables have ended positive in varying degrees while Oil & Capital Goods have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed mixed.

Sensex

Last Close - 14577.87 | Support - 14431, 14046 | Resistance - 14732, 15037

Trading Range - The Sensex opened at 14594.64, moved up to an intra-day high of 14725.94, declined to an intra-day low of 14503.51 and closed at 14577.87.

Review/Outlook - The Sensex has had a mixed trading session, has had a weak opening, has moved both ways, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended 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 14592 level while significant resistance at higher levels (14700) - 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.

Ranklin Sol

Last Close - 159.15 | Support - 146, 123 | Resistance - 172, 199

Trading Range - The scrip opened at 157.00, moved up to an intra-day high of 162.80, declined to an intra-day low of 152.90 and closed at 159.15.

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.

Gulf Oil

Last Close - 085.20 | Support - 074, 058 | Resistance - 093, 126

Trading Range - The scrip opened at 082.25, moved up to an intra-day high of 085.20, declined to an intra-day low of 082.25 and closed at 085.20.

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.

Khoday India

Last Close - 092.65 | Support - 083, 067 | Resistance - 104, 137

Trading Range - The scrip opened at 088.95, moved up to an intra-day high of 092.65, declined to an intra-day low of 086.55 and closed at 092.65.

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 - 128.60 | Support - 116, 085 | Resistance - 139, 162

Trading Range - The scrip opened at 127.50, moved up to an intra-day high of 128.60, declined to an intra-day low of 127.50 and closed at 128.60.

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.