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

Sensex

Last Close - 14777.01 | Support - 14732, 14431 | Resistance - 15037, 15330

Trading Range - The Sensex opened at 15082.37, moved up to an intra-day high of 15130.09, declined to an intra-day low of 14608.05 and closed at 14777.01.

Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 14771 level while significant support at lower levels (14480) - would limit the downside. The outlook has turned positive again while resistance comes in at the 15300+ level and support comes in at the 12780 level.

Glory Polyster

Last Close - 090.90 | Support - 086, 067 | Resistance - 104, 124

Trading Range - The scrip opened at 089.00, moved up to an intra-day high of 091.00, declined to an intra-day low of 088.50 and closed at 090.90.

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.

Surana Ind

Last Close - 098.60 | Support - 089, 068 | Resistance - 101, 137

Trading Range - The scrip opened at 093.00, moved up to an intra-day high of 098.60, declined to an intra-day low of 091.05 and closed at 098.60.

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.

Setco Auto

Last Close - 179.55 | Support - 171, 152 | Resistance - 194, 224

Trading Range - The scrip opened at 173.90, moved up to an intra-day high of 179.55, declined to an intra-day low of 173.90 and closed at 179.55.

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.

Khoday India

Last Close - 088.95 | Support - 083, 067 | Resistance - 104, 137

Trading Range - The scrip opened at 088.95, moved up to an intra-day high of 088.95, declined to an intra-day low of 086.50 and closed at 088.95.

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.

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.