Stock picks of the day

The market hasn't been able to sustain itself after running into resistance at higher levels and has ended the day in negative territory. Banks, Consumer Durables, Auto, PSU, Metals, IT, Capital Goods and the FMCG sector have ended negative in varying degrees while Pharma and the Oil sector have ended in positive territory. Volume registered a significant decrease (read as turnover) while the undertone seemed mixed.

Sensex (Daily)

Last Close - 9849.03 | Support - 9820, 9665 | Resistance - 9987, 10100

Trading Range - The Sensex opened at 9896.46, moved up to an intra-day high of 9945.19, declined to an intra-day low of 9803.68 and closed at 9849.03.

Review/Outlook - The Sensex has run into selling pressure at higher levels to give a downward key reversal on the daily chart but this has been on lower volume thereby complicating the picture. The outlook remains hazy while a range bound movement cannot be ruled out while intra-day weakness could come in only below the 9803.             

Kirl. Pneum. (Daily)

Last Close - 277.80 | Support - 250, 215 | Resistance - 300, 350

Trading Range - The scrip opened at 276.00, moved up to an intra-day high of 277.80, declined to an intra-day low of 276.00 and closed at 277.80.

Review/Outlook - The scrip has reflected strength by appreciating with an upward gap and with the indicators looking positive, a further upside seems to be on the cards. 

Fair. Atlas. (Daily)

Last Close - 100.55 | Support - 097, 080 | Resistance - 114, 152

Trading Range - The scrip opened at 087.50, moved up to an intra-day high of 100.55, declined to an intra-day low of 087.50 and closed at 100.55.

Review/Outlook - The scrip has reflected strength by moving up virtually from open to close and with the indicators looking positive, a further upside seems to be on the cards.

Modern Dairy (Daily)

Last Close - 023.10 | Support - 021, 016 | Resistance - 026, 036

Trading Range - The scrip opened at 021.85, moved up to an intra-day high of 023.10, declined to an intra-day low of 021.00 and closed at 023.10.

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.  

Delton Cables (Daily)

Last Close - 118.40 | Support - 113, 092 | Resistance - 124, 159 

Trading Range - The scrip opened at 116.00, moved up to an intra-day high of 118.40, declined to an intra-day low of 116.00 and closed at 118.40.

Review/Outlook - The scrip has reflected strength by appreciating with an upward gap 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.