Stock picks of the day

The market has staged a good recovery to basically come off its intra-day low and has finally ended the day in positive territory. Auto, PSU, Oil, Metals, Capital Goods, Consumer Durables, Banks, FMCG, IT & Pharma have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a wafer-thin increase (read as turnover) while the undertone seemed positive.

Sensex (Daily)

Last Close - 11914.21 | Support - 11826, 11707 | Resistance - 11931, 12054

Trading Range - The Sensex opened at 11824.49, moved up to an intra-day high of 11939.96, declined to an intra-day low of 11824.49 and closed at 11914.21.

Review/Outlook - The Sensex has reflected strength to appreciate with an upward gap to move up virtually from open to close to end in positive territory on marginally higher volume and has managed to close above the 11000 level for the nineteenth trading session in a row. The outlook seems to be improving and despite the extreme volatility, a range bound movement cannot be ruled out while the intra-day charts seem to be pointing towards an upward bias today especially above the 11915 level - the sanctity of the 11620 level needs to be maintained at all times.                           

Aegis Logistics. (Daily)

Last Close - 184.30 | Support - 183, 155 | Resistance - 230, 292

Trading Range - The scrip opened at 178.80, moved up to an intra-day high of 184.30, declined to an intra-day low of 176.15 and closed at 184.30.

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. 

ITD Cem. (Daily)

Last Close - 557.15 | Support - 549, 462 | Resistance - 627, 762

Trading Range - The scrip opened at 548.00, moved up to an intra-day high of 557.15, declined to an intra-day low of 536.10 and closed at 557.15.

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.        

Ahmednagar Forg. (Daily)

Last Close - 206.30 | Support - 206, 183 | Resistance - 241, 275

Trading Range - The scrip opened at 200.00, moved up to an intra-day high of 206.30, declined to an intra-day low of 200.00 and closed at 206.30.

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.         

Murudeshwar Cer. (Daily)

Last Close - 108.35 | Support - 088, 067 | Resistance - 117, 131 

Trading Range - The scrip opened at 105.00, moved up to an intra-day high of 108.35, declined to an intra-day low of 104.00 and closed at 108.35.

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.

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.