Stock picks of the day

The market has actually moved both ways, has come off its intra-day low and has finally ended the day in positive territory. Banks, Oil, Metals, Capital Goods, Consumer Durables, Auto & PSU's have ended positive in varying degrees while FMCG, Healthcare & the IT sector have ended in negative territory. Volume registered a sharp decrease (read as turnover) while the undertone seemed hopeful.

Sensex (Daily)

Last Close - 13972.03 | Support - 13931, 13857 | Resistance - 14000, 14100

Trading Range - The Sensex opened at 13962.94, moved up to an intra-day high of 14002.72, declined to an intra-day low of 13915.74 and closed at 13972.03.

Review/Outlook - The Sensex has reflected some amount of indecision by staying within the previous trading session's range with rather inconclusive movements and has finally ended in positive territory on distinctly lower volume. A range bound movement seems to be on the cards while the intra-day charts seem to suggest the possibility of an intra-day upside but only above the 14035 level while intra-day support comes in at the 13857 – 13868 levels indicating a limited downside.       

GTC Ind. (Daily)

Last Close - 234.85 | Support - 223, 195 | Resistance - 249, 308

Trading Range - The scrip opened at 227.60, moved up to an intra-day high of 234.85, declined to an intra-day low of 218.05 and closed at 234.85.

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. 

Nelco. (Daily)

Last Close - 107.85 | Support - 100, 086 | Resistance - 109, 130

Trading Range - The scrip opened at 107.60, moved up to an intra-day high of 107.85, declined to an intra-day low of 103.05 and closed at 107.85.

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.

Gillanders Arbut. (Daily)

Last Close - 115.60 | Support - 108, 096 | Resistance - 120, 132

Trading Range - The scrip opened at 110.00, moved up to an intra-day high of 115.60, declined to an intra-day low of 109.90 and closed at 115.60.

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.

Peninsula Land. (Daily)

Last Close - 664.50 | Support - 661, 613 | Resistance - 700, 750

Trading Range - The scrip opened at 661.00, moved up to an intra-day high of 664.50, declined to an intra-day low of 638.10 and closed at 664.50.

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.

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.

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