Hot stocks 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 positive territory. IT, FMCG, Metals, Oil, Healthcare, PSU, Auto & Capital Goods have ended negative in varying degrees while Bannks & Consumer Durables have ended in positive territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed weak.

Sensex

Last Close - 14083.41 | Support - 14035, 13931 | Resistance - 14171, 14243

Trading Range - The Sensex opened at 14170.81, moved up to an intra-day high of 14268.91, declined to an intra-day low of 14057.63 and closed at 14083.41.

Review/Outlook - The Sensex has reflected significant amount of weakness, has had a rather positive opening, but has collapsed after facing strong selling pressure to come off from its intra- day high and has finally ended marginally in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside (seems like a distinct possibility) could come in below the 14057 level while some support at lower levels (13959) - could limit the downside. The outlook seems to have turned shaky again while resistance comes in at the 14700+ level and support comes in at the 14040 level.

Intellvision Soft

Last Close - 130.85 | Support - 127, 097 | Resistance - 152, 189

Trading Range - The scrip opened at 129.50, moved up to an intra-day high of 130.85, declined to an intra-day low of 129.50 and closed at 130.85.

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.

Indo Borax.

Last Close - 124.35 | Support - 118, 092 | Resistance - 139, 175

Trading Range - The scrip opened at 122.45, moved up to an intra-day high of 124.35, declined to an intra-day low of 119.30 and closed at 124.35.

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

Goldiam Intnl.

Last Close - 100.05 | Support - 097, 080 | Resistance - 112, 133

Trading Range - The scrip opened at 100.00, moved up to an intra-day high of 100.15, declined to an intra-day low of 098.00 and closed at 100.05.

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

Nile Ltd.

Last Close - 096.05 | Support - 082, 070 | Resistance - 102, 131

Trading Range - The scrip opened at 094.65, moved up to an intra-day high of 096.05, declined to an intra-day low of 092.15 and closed at 096.05.

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.

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.