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

Sensex

Last Close - 17825.99 | Support - 17711, 17494 | Resistance - 17983, 18319

Trading Range - The Sensex opened at 17983.42, moved up to an intra-day high of 18137.28, declined to an intra-day low of 17770.65 and closed at 17825.99.

Review/Outlook - The Sensex has had a mixed trading session, has had a positive 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 positive territory on higher volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 17810 level while significant support at lower levels (17608) - would limit the downside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 16200 level.

Madhucon Proj

Last Close - 703.45 | Support - 646, 562 | Resistance - 714, 780

Trading Range - The scrip opened at 678.00, moved up to an intra-day high of 711.00, declined to an intra-day low of 670.00 and closed at 703.45.

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.

Rdb Industries

Last Close - 176.00 | Support - 161, 144 | Resistance - 187, 212

Trading Range - The scrip opened at 172.00, moved up to an intra-day high of 176.00, declined to an intra-day low of 172.00 and closed at 176.00.

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.

Prakash Ind

Last Close - 275.90 | Support - 259, 232 | Resistance - 301, 352

Trading Range - The scrip opened at 270.45, moved up to an intra-day high of 275.90, declined to an intra-day low of 267.00 and closed at 275.90.

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.

Vakrangee Soft

Last Close - 226.45 | Support - 217, 184 | Resistance - 239, 285

Trading Range - The scrip opened at 220.00, moved up to an intra-day high of 236.70, declined to an intra-day low of 220.00 and closed at 226.45.

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.

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.