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

Sensex

Last Close - 14349.11 | Support - 14046, 13872 | Resistance - 14431, 14732

Trading Range - The Sensex opened at 14267.03, moved up to an intra-day high of 14421.61, declined to an intra-day low of 14219.38 and closed at 14349.11.

Review/Outlook - The Sensex has had a mixed trading session, has had a neutral opening, has moved both ways, has faced buying support at lower levels, has come off from its intra - day low and has finally ended in positive 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 14342 level while significant support at lower levels (14210) - 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.

Jai Corp Ltd

Last Close - 444.55 | Support - 403, 367 | Resistance - 456, 515

Trading Range - The scrip opened at 420.00, moved up to an intra-day high of 444.55, declined to an intra-day low of 416.00 and closed at 444.55.

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.

Surana Ind

Last Close - 113.80 | Support - 101, 089 | Resistance - 137, 167

Trading Range - The scrip opened at 111.00, moved up to an intra-day high of 113.85, declined to an intra-day low of 109.25 and closed at 113.80.

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.

Walchand Ind

Last Close - 281.05 | Support - 244, 215 | Resistance - 283, 329

Trading Range - The scrip opened at 267.90, moved up to an intra-day high of 281.05, declined to an intra-day low of 265.30 and closed at 281.05.

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 - 094.05 | Support - 083, 067 | Resistance - 104, 137

Trading Range - The scrip opened at 090.10, moved up to an intra-day high of 095.90, declined to an intra-day low of 088.55 and closed at 094.05.

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.