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

Sensex (Daily)                                                                     

Last Close - 19400.67 | Support - 19276, 18833 | Resistance - 19621, 19984

Trading Range - The Sensex opened at 19689.79, moved up to an intra-day high of 19919.34, declined to an intra-day low of 19337.85 and closed at 19400.67. 

Review/Outlook - The Sensex has had a mixed trading session, has had a good opening, has moved both ways, has received selling pressure at higher levels, has come off from its intra - day high and 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 possibility) could come in below the 19337 level while support at lower levels (19276) – would limit the downside and lead to a late recovery. The outlook has turned bullish again while resistance comes in at the 21200+ level and support comes in at the 18833 level. 

Refex Refrig. (Daily)                                                    

Last Close - 177.65 | Support - 175, 149 | Resistance - 200, 225

Trading Range - The scrip opened at 174.80, moved up to an intra-day high of 177.75, declined to an intra-day low of 168.55 and closed at 177.65.

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.   

Goldiam Int. (Daily)                                                    

Last Close - 077.55 | Support - 071, 056 | Resistance - 080, 097

Trading Range - The scrip opened at 075.80, moved up to an intra-day high of 077.55, declined to an intra-day low of 074.00 and closed at 077.55.

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.   

XL Tele. (Daily)                                                 

Last Close - 262.95 | Support - 242, 214 | Resistance - 275, 300

Trading Range - The scrip opened at 257.30, moved up to an intra-day high of 262.95, declined to an intra-day low of 256.00 and closed at 262.95.

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.       

Asian Oil. (Daily)                                                     
 
Last Close - 158.75 | Support - 148, 129 | Resistance - 175, 200

Trading Range - The scrip opened at 158.00, moved up to an intra-day high of 158.75, declined to an intra-day low of 158.00 and closed at 158.75.

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.     

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.

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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.