Stock picks of the day

The market has had a volatile trading session to basically come off its intra-day high and has finally ended the day in negative territory. Banks, Consumer Durables, Metals FMCG, Pharma, IT, Auto, PSU's, Oil & Capital Goods have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a nominal decrease (read as turnover) while the undertone seemed subdued.

Sensex (Daily)

Last Close - 11406.65 | Support - 11356, 11286 | Resistance - 11453, 11536

Trading Range - The Sensex opened at 11579.92, moved up to an intra-day high of 11579.92, declined to an intra-day low of 11374.86 and closed at 11406.65.

Review/Outlook - The Sensex has faced alternate bouts of both, buying & selling and has come off its intra-day high to end sharply in negative territory on marginally lower volume and has managed to close above the 11000 level for the eleventh trading session in a row. The outlook seems to be improving and despite the extreme volatility, a range bound movement cannot be ruled out while the intra-day charts seem rather hazy and a downside could come in below the 11374 level - the sanctity of the 11330 level needs to be maintained at all times.                   

Bartronics. (Daily)

Last Close - 074.85 | Support - 071, 059 | Resistance - 076, 090

Trading Range - The scrip opened at 073.00, moved up to an intra-day high of 074.85, declined to an intra-day low of 071.65 and closed at 074.85.

Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards. 

Vivimed Lab. (Daily)

Last Close - 181.20 | Support - 166, 140 | Resistance - 182, 215

Trading Range - The scrip opened at 175.00, moved up to an intra-day high of 181.75, declined to an intra-day low of 171.10 and closed at 181.20.

Review/Outlook - The scrip has reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.        

Ansal Infra. (Daily) 

Last Close - 485.85 | Support - 455, 411 | Resistance - 500, 568

Trading Range - The scrip opened at 509.30, moved up to an intra-day high of 509.95, declined to an intra-day low of 485.85 and closed at 485.85.

Review/Outlook - The scrip has reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.       

Peninsula Land. (Daily)

Last Close - 446.05 | Support - 431, 360 | Resistance - 491, 613 

Trading Range - The scrip opened at 474.35, moved up to an intra-day high of 474.35, declined to an intra-day low of 446.05 and closed at 446.05.

Review/Outlook - The scrip has reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Daily Stock Track

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.

Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.