Stock picks of the day

The market has had a volatile trading session to move both ways and has finally ended the day in negative territory. Consumer Durables, Pharma, PSU, Capital Goods, FMCG, IT, Oil, FMCG and Metals have ended negative in varying degrees while Banks, Auto and PSU's have ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed mixed.

Sensex (Daily)

Last Close - 10662.22 | Support - 10662, 10556 | Resistance - 10740, 10884

Trading Range - The Sensex opened at 10755.45, moved up to an intra-day high of 10800.11, declined to an intra-day low of 10644.72 and closed at 10662.22.

Review/Outlook - The Sensex has once again reflected a surprising amount of strength to stage a smart upmove and has also managed to close above the 10600 mark but on ridiculously lower volume to give a downward key reversal. The outlook remains hazy and despite the extreme volatility, a range bound movement cannot be ruled out while an intra-day downside could come in only below the 10644 level while intra-day support comes in at the 10540 level.                                 

Madras Alum. (Daily)

Last Close - 290.90 | Support - 279, 224 | Resistance - 296, 370

Trading Range - The scrip opened at 285.00, moved up to an intra-day high of 291.60, declined to an intra-day low of 283.00 and closed at 290.90.

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 - 455.05 | Support - 455, 411 | Resistance - 500, 568

Trading Range - The scrip opened at 455.05, moved up to an intra-day high of 455.05, declined to an intra-day low of 434.50 and closed at 455.05.

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.      

Jayshree Tea. (Daily)

Last Close - 115.30 | Support - 107, 082 | Resistance - 144, 175

Trading Range - The scrip opened at 113.90, moved up to an intra-day high of 115.30, declined to an intra-day low of 112.75 and closed at 115.30.

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.      

Deccan Cement. (Daily)

Last Close - 129.20 | Support - 123, 105 | Resistance - 137, 155 

Trading Range - The scrip opened at 125.00, moved up to an intra-day high of 129.25, declined to an intra-day low of 125.00 and closed at 129.20.

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.

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.