Stock picks of the day

The market has remained in a positive frame of mind, has come off its intra-day low and has finally ended the day in positive territory. Banks, Capital Goods, FMCG, IT, Auto, Consumer Durables, Healthcare, Metals, Oil & PSU's have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed upbeat.

Sensex

Last Close - 14267.18 | Support - 14243, 14171 | Resistance - 14325, 14400

Trading Range - The Sensex opened at 14124.36, moved up to an intra-day high of 14278.08, declined to an intra-day low of 14109.91, and closed at 14267.18.  

Review/Outlook - The Sensex has reflected near term strength by not being able to sustain itself at lower levels, has remained buoyant to come off from its intra-day low and has finally ended in positive territory on distinctly lower volume. Volatility can be the order of the day, the positives of the last trading session might just spill over to today's trading session indicating the possibility of an intra-day upside especially above the 14278 level while strong support at lower levels (14211) could mean a rather limited downside.                  

Bhartiya Int'nl

Last Close - 221.80 | Support - 218, 194 | Resistance - 247, 287

Trading Range - The scrip opened at 226.95, moved up to an intra-day high of 226.95, declined to an intra-day low of 215.85 and closed at 221.80.

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. 

Surya Roshni

Last Close - 078.40 | Support - 068, 050 | Resistance - 083, 115

Trading Range - The scrip opened at 077.95, moved up to an intra-day high of 078.40, declined to an intra-day low of 076.50 and closed at 078.40.

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.

W H Brady

Last Close - 167.35 | Support - 167, 138 | Resistance - 204, 240

Trading Range - The scrip opened at 160.00, moved up to an intra-day high of 167.35, declined to an intra-day low of 157.00 and closed at 167.35.

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.

Ruby Mills

Last Close - 657.15 | Support - 650, 587 | Resistance - 675, 700

Trading Range - The scrip opened at 648.70, moved up to an intra-day high of 657.15, declined to an intra-day low of 620.00 and closed at 627.15.

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.

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.