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 negative territory. Banks, Capital Goods, IT, Auto, Oil, PSU, Metal, Realty, Consumer Durables, FMCG & Healthcare have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed shaky.

Sensex

Last Close - 15644.44 | Support - 15330, 15037 | Resistance - 15734, 15956

Trading Range - The Sensex opened at 16226.66, moved up to an intra-day high of 16226.66, declined to an intra-day low of 15563.15 and closed at 15644.44.

Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved just one way, has faced selling pressure even at lower levels, has come off from its intra - day high and has finally ended sharply in negative territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15662 level while significant resistance at higher levels (15800) - would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 14700 level.

Foods & Inns

Last Close - 316.45 | Support - 299, 241 | Resistance - 345, 424

Trading Range - The scrip opened at 295.00, moved up to an intra-day high of 325.80, declined to an intra-day low of 272.00 and closed at 316.45.

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.

Tilaknagar Ind

Last Close - 147.45 | Support - 134, 101 | Resistance - 154, 205

Trading Range - The scrip opened at 136.00, moved up to an intra-day high of 147.45, declined to an intra-day low of 136.00 and closed at 147.45.

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.

Zodiac Cloth

Last Close - 451.00 | Support - 424, 364 | Resistance - 480, 540

Trading Range - The scrip opened at 420.00, moved up to an intra-day high of 451.00, declined to an intra-day low of 420.00 and closed at 451.00.

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.

Sh. Precoated

Last Close - 180.00 | Support - 163, 137 | Resistance - 186, 240

Trading Range - The scrip opened at 174.00, moved up to an intra-day high of 180.00, declined to an intra-day low of 174.00 and closed at 180.00.

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.

Sebi Disclosure: The author is an active market participant and could not only be having positions but could even be having contrary positions in the stocks mentioned above.