Stock picks of the day

The market has remained in a mixed frame of mind, has come off its intra-day high and has finally ended the day in negative territory. FMCG, Metals, Capital Goods, Consumer Durables, IT, Oil, Banks & PSU's have ended negative in varying degrees while the Healthcare & Auto sector have ended in positive territory. Volume registered a distinct increase (read as turnover) while the undertone seemed mixed.

Sensex

Last Close - 12579.75 | Support - 12546, 12461 | Resistance - 12622, 12711

Trading Range - The Sensex opened at 12792.90, moved up to an intra-day high of 12902.18, declined to an intra-day low of 12390.46, and closed at 12579.75.            

Review/Outlook - The Sensex has reflected initial strength with a rather strong opening but couldn't sustain itself at higher levels and after a volatile trading session, has come off its intra-day high and has finally ended in negative on clearly higher volume. Volatility can be the order of the day, the negatives of the last trading session might just spill over to today's trading session indicating the possibility of an intra-day downside especially below the 12391 level while support at the 12344 level could limit the downside.  

Ansal Infra

Last Close - 479.15 | Support - 455, 411 | Resistance - 500, 568

Trading Range - The scrip opened at 510.00, moved up to an intra-day high of 510.00, declined to an intra-day low of 479.15 and closed at 479.15.

Review/Outlook - The scrip has reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards. 

Kesoram Ind

Last Close - 330.80 | Support - 290, 252 | Resistance - 348, 379

Trading Range - The scrip opened at 355.00, moved up to an intra-day high of 360.70, declined to an intra-day low of 330.80 and closed at 330.80.

Review/Outlook - The scrip has reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.

Vakrangee Soft

Last Close - 153.00 | Support - 150, 130 | Resistance - 175, 200

Trading Range - The scrip opened at 163.95, moved up to an intra-day high of 165.00, declined to an intra-day low of 153.00 and closed at 153.00.

Review/Outlook - The scrip has reflected weakness by declining from its intra-day high and with the indicators looking negative, a further downside seems to be on the cards.  

Peninsula Land

Last Close - 319.85 | Support - 304, 255 | Resistance - 356, 378

Trading Range - The scrip opened at 348.70, moved up to an intra-day high of 348.70, declined to an intra-day low of 319.85 and closed at 319.85.

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.