Stock picks of the day

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

Sensex

Last Close - 14645.66 | Support - 14431, 14046 | Resistance - 14732, 15037

Trading Range - The Sensex opened at 14681.14, moved up to an intra-day high of 14824.92, declined to an intra-day low of 14600.65 and closed at 14645.66.

Review/Outlook - The Sensex has had a mixed trading session, has had a negative 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 downside (seems like a formality) could come in below the 14645 level while significant support at lower levels (14400) - would limit the downside and result in a late recovery. The outlook has turned positive again while resistance comes in at the 15900+ level and support comes in at the 12780 level.

Camp. & Alld

Last Close - 095.95 | Support - 087, 061 | Resistance - 110, 136

Trading Range - The scrip opened at 095.95, moved up to an intra-day high of 095.95, declined to an intra-day low of 089.15 and closed at 095.95.

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.

Fortis Fin. Ser

Last Close - 112.55 | Support - 102, 086 | Resistance - 125, 149

Trading Range - The scrip opened at 100.00, moved up to an intra-day high of 112.55, declined to an intra-day low of 100.00 and closed at 112.55.

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.

Rain Comm

Last Close - 223.35 | Support - 199, 159 | Resistance - 234, 267

Trading Range - The scrip opened at 221.50, moved up to an intra-day high of 238.00, declined to an intra-day low of 220.00 and closed at 223.35.

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.

Amara Raja

Last Close - 146.65 | Support - 133, 106 | Resistance - 160, 205

Trading Range - The scrip opened at 126.10, moved up to an intra-day high of 151.40, declined to an intra-day low of 126.10 and closed at 146.65.

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.

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.