Stock picks of the day

The market has once again staged a delayed u-turn by recovering from lower levels to end the day clearly in positive territory. FMCG, IT, Auto, Metals, Oil, and PSU's have ended positive in varying degrees while Banks, Capital Goods, Consumer Durables and Pharma have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed positive.

Sensex (Daily)

Last Close - 10666.32 | Support  - 10662, 10556 | Resistance - 10740, 10884

Trading Range - The Sensex opened at 10520.90, moved up to an intra-day high of 10720.67, declined to an intra-day low of 10274.93 and closed at 10666.32.

Review/Outlook - The Sensex has reflected some amount of resilience to bounce back from lower levels to close smartly in positive territory and has actually given an upward key reversal but once again on indifferent volume. The outlook has turned hazy because of the extreme volatility, a range bound picture is envisaged while an intra-day upside above the 10721 level cannot be ruled out but it remains to be seen whether this upside is sustainable or not.  

Dalmia Cem (Daily)

Last Close - 340.00 | Support - 328, 304 | Resistance - 380, 440

Trading Range - The scrip opened at 324.00, moved up to an intra-day high of 341.85, declined to an intra-day low of 311.00 and closed at 340.00.

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. 

Kirl. Oil (Daily)

Last Close - 246.35 | Support - 219, 179 | Resistance - 250, 283

Trading Range - The scrip opened at 231.00, moved up to an intra-day high of 246.40, declined to an intra-day low of 223.25 and closed at 246.35.

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.

Gemini Comm (Daily)

Last Close - 477.10 | Support - 465, 435 | Resistance - 520, 560

Trading Range - The scrip opened at 476.50, moved up to an intra-day high of 477.15, declined to an intra-day low of 439.90 and closed at 477.10.

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. 

ILFS Inv (Daily)

Last Close - 183.05 | Support - 170, 157 | Resistance - 200, 250 

Trading Range - The scrip opened at 166.05, moved up to an intra-day high of 183.05, declined to an intra-day low of 166.05 and closed at 183.05.

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.

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.