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

Sensex

Last Close - 14130.95 | Support - 14035, 13931 | Resistance - 14171, 14243

Trading Range - The Sensex opened at 14122.35, moved up to an intra-day high of 14153.44, declined to an intra-day low of 13946.99 and closed at 14130.95.

Review/Outlook - The Sensex has reflected significant amount of weakness, has had a rather positive opening, but has collapsed after facing strong selling pressure but has come off from its intra- day low and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a mild possibility) could come in above the 14153 level while some resistance at higher levels (14229) - could limit the upside. The outlook seems to have turned shaky again while resistance comes in at the 14368+ level and support comes in at the 13953 level.

Intellvision Soft

Last Close - 137.35 | Support - 127, 097 | Resistance - 152, 189

Trading Range - The scrip opened at 137.35, moved up to an intra-day high of 137.35, declined to an intra-day low of 135.00 and closed at 137.35.

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 - 130.55 | Support - 118, 092 | Resistance - 139, 175

Trading Range - The scrip opened at 127.00, moved up to an intra-day high of 130.55, declined to an intra-day low of 127.00 and closed at 130.55.

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.

Shree Ashtavinayak

Last Close - 239.95 | Support - 228, 177 | Resistance - 269, 197

Trading Range - The scrip opened at 237.10, moved up to an intra-day high of 239.95, declined to an intra-day low of 237.10 and closed at 239.95.

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 - 100.50 | Support - 082, 070 | Resistance - 102, 131

Trading Range - The scrip opened at 098.75, moved up to an intra-day high of 100.60, declined to an intra-day low of 098.75 and closed at 100.50.

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.

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.