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

Sensex

Last Close - 14003.03 | Support - 13931, 13857 | Resistance - 14035, 14171

Trading Range - The Sensex opened at 14139.92, moved up to an intra-day high of 14152.79, declined to an intra-day low of 13968.38 and closed at 14003.03.

Review/Outlook - The Sensex has reflected significant amount of weakness, has had a rather positive opening, but has collapsed after facing strong selling pressure and has come off from its intra- day high, has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day downside (seems like a mild possibility) could come in below the 13968 level while some support at lower levels (13928) - could limit the downside while a late recovery cannot be ruled out. 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 - 142.55 | Support - 127, 097 | Resistance - 152, 189

Trading Range - The scrip opened at 140.10, moved up to an intra-day high of 144.20, declined to an intra-day low of 140.10 and closed at 142.55.

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

Trading Range - The scrip opened at 134.00, moved up to an intra-day high of 137.05, declined to an intra-day low of 134.00 and closed at 137.05.

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.

Sical Logistics

Last Close - 258.30 | Support - 255, 220 | Resistance - 274, 301

Trading Range - The scrip opened at 250.00, moved up to an intra-day high of 258.30, declined to an intra-day low of 246.10 and closed at 258.30.

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.

Prime Focus

Last Close - 632.40 | Support - 612, 558 | Resistance - 665, 718

Trading Range - The scrip opened at 614.95, moved up to an intra-day high of 632.70, declined to an intra-day low of 604.00 and closed at 632.40.

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.