Stock picks of the day

The market has moved with an upward gap (intra-day), has come off its intra-day low and has finally ended the day in positive territory. FMCG, Auto, IT, Oil, Capital Goods, Healthcare & PSU's have ended positive in varying degrees while Banks, Consumer Durables & Metals have ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex

Last Close - 14217.75 | Support - 14171, 14035 | Resistance - 14243, 14325

Trading Range - The Sensex opened at 14165.77, moved up to an intra-day high of 14325.92, declined to an intra-day low of 14140.35 and closed at 14217.75.

Review/Outlook - The Sensex has reflected significant amount of strength by refusing to go down and has also posted a fresh all time high to come off from its intra-day low and has finally ended in positive territory on distinctly higher volume. Volatility can be the order of the day, the positives of the last trading session are expected to spill over to today's trading session indicating the possibility of an intra-day upside especially above the 14278 level while support comes in at the 14165 level.          

W H Brady

Last Close - 184.05 | Support - 167, 138 | Resistance - 204, 240

Trading Range - The scrip opened at 180.00, moved up to an intra-day high of 184.05, declined to an intra-day low of 180.00 and closed at 184.05.

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. 

Ratnamani Metal

Last Close - 526.90 | Support - 500, 452 | Resistance - 550, 600

Trading Range - The scrip opened at 510.00, moved up to an intra-day high of 526.90, declined to an intra-day low of 509.00 and closed at 526.90.

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.

Schrader Duncan

Last Close - 201.40 | Support - 181, 143 | Resistance - 225, 250

Trading Range - The scrip opened at 197.40, moved up to an intra-day high of 201.40, declined to an intra-day low of 191.00 and closed at 201.40.

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.

Swan Mills

Last Close - 067.35 | Support - 061, 042 | Resistance - 071, 095

Trading Range - The scrip opened at 062.50, moved up to an intra-day high of 067.35, declined to an intra-day low of 062.45 and closed at 067.35.

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.