Stock picks of the day

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

Sensex

Last Close - 14961.07 | Support - 14732, 14431 | Resistance - 15037, 15330

Trading Range - The Sensex opened at 14562.68, moved up to an intra-day high of 14986.63, declined to an intra-day low of 14529.21 and closed at 14961.07.

Review/Outlook - The Sensex has had a solid trading session, has had a neutral opening, has moved just one way, has faced buying support even at higher 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 14962 level while significant resistance at higher levels (15200) - 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 - 162.35 | Support - 146, 123 | Resistance - 172, 199

Trading Range - The scrip opened at 164.00, moved up to an intra-day high of 164.00, declined to an intra-day low of 158.00 and closed at 162.35.

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 - 089.45 | Support - 074, 058 | Resistance - 093, 126

Trading Range - The scrip opened at 089.00, moved up to an intra-day high of 089.45, declined to an intra-day low of 087.00 and closed at 089.45.

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.

Khoday India

Last Close - 097.25 | Support - 083, 067 | Resistance - 104, 137

Trading Range - The scrip opened at 097.25, moved up to an intra-day high of 097.25, declined to an intra-day low of 094.00 and closed at 097.25.

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.

Goa Carbon

Last Close - 135.00 | Support - 116, 085 | Resistance - 139, 162

Trading Range - The scrip opened at 135.00, moved up to an intra-day high of 135.00, declined to an intra-day low of 130.00 and closed at 135.00.

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.

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.