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

Sensex

Last Close - 15117.25 | Support - 15037, 14732 | Resistance - 15330, 15638

Trading Range - The Sensex opened at 15031.86, moved up to an intra-day high of 15280.06, declined to an intra-day low of 14992.97 and closed at 15117.25.

Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved both ways, has faced buying support at lower levels, has come off from its intra - day high and has finally ended in positive territory on lower volume. Volatility can be the order of the day; initial weakness could be followed by an intra-day upside (seems like a possibility) which could come in above the 15300 level while significant resistance at higher levels (4602) - 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 - 165.35 | Support - 146, 123 | Resistance - 172, 199

Trading Range - The scrip opened at 164.00, moved up to an intra-day high of 166.00, declined to an intra-day low of 159.50 and closed at 165.35.

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.

Atlanta Ltd

Last Close - 192.05 | Support - 154, 109 | Resistance - 193, 233

Trading Range - The scrip opened at 175.20, moved up to an intra-day high of 203.00, declined to an intra-day low of 175.20 and closed at 192.05.

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.

Petron Engg

Last Close - 256.50 | Support - 245, 206 | Resistance - 284, 320

Trading Range - The scrip opened at 250.00, moved up to an intra-day high of 279.90, declined to an intra-day low of 250.00 and closed at 256.50.

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.

Dhanus Tech

Last Close - 139.85 | Support - 129, 098 | Resistance - 153, 197

Trading Range - The scrip opened at 134.95, moved up to an intra-day high of 139.85, declined to an intra-day low of 132.30 and closed at 139.85.

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.