Stock picks of the day

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

Sensex

Last Close - 15962.56 | Support - 15956, 15734 | Resistance - 16165, 16308

Trading Range - The Sensex opened at 15851.72, moved up to an intra-day high of 15985.40, declined to an intra-day low of 15709.51 and closed at 15962.56.

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 low and has finally ended in negative territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 16007 level while significant resistance at higher levels (16165) - would limit the upside. The outlook has turned weak again while resistance comes in at the 17300+ level and support comes in at the 15300 level.

Dover Secur

Last Close - 158.10 | Support - 157, 117 | Resistance - 199, 237

Trading Range - The scrip opened at 156.25, moved up to an intra-day high of 163.40, declined to an intra-day low of 156.25 and closed at 158.10.

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.

Sanra Softw

Last Close - 083.05 | Support - 076, 048 | Resistance - 098, 131

Trading Range - The scrip opened at 079.00, moved up to an intra-day high of 083.10, declined to an intra-day low of 075.20 and closed at 083.05.

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.

Refex Refrig

Last Close - 229.65 | Support - 221, 186 | Resistance - 230, 276

Trading Range - The scrip opened at 224.00, moved up to an intra-day high of 230.00, declined to an intra-day low of 220.30 and closed at 229.65.

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.

Adhunik Metal

Last Close - 179.50 | Support - 169, 137 | Resistance - 182, 229

Trading Range - The scrip opened at 170.00, moved up to an intra-day high of 183.00, declined to an intra-day low of 167.50 and closed at 179.50.

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.

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.