Stock picks of the day

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

Sensex

Last Close - 13934.27 | Support - 13931, 13857 | Resistance - 14035, 14171

Trading Range - The Sensex opened at 14129.89, moved up to an intra-day high of 14189.21, declined to an intra-day low of 13912.92 and closed at 13934.27.

Review/Outlook - The Sensex has reflected some amount of weakness by receiving a lot of selling pressure, hasn't been able to sustain itself at higher levels, has come off rather sharply from its intra-day high and has finally ended in negative territory on lower volume. Volatility can be the order of the day; an intra-day downside could come in below the 13912 level while some resistance can be expected at higher levels (14040 – which could limit the upside) while a range bound scenario cannot be ruled out. The outlook seems to have turned a wee bit shaky while resistance comes in at the 14400+ level and support comes in at the 13800 level.

BPL Limited

Last Close - 066.30 | Support - 065, 054 | Resistance - 087, 112

Trading Range - The scrip opened at 065.00, moved up to an intra-day high of 066.30, declined to an intra-day low of 063.10 and closed at 066.30.

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.

Country Club

Last Close - 372.80 | Support - 360, 328 | Resistance - 400, 434

Trading Range - The scrip opened at 358.00, moved up to an intra-day high of 375.95, declined to an intra-day low of 358.00 and closed at 372.80.

Review/Outlook - The scrip has reflected reflected strength by recovering from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Simplex Real

Last Close - 209.95 | Support - 193, 160 | Resistance - 224, 260

Trading Range - The scrip opened at 200.00, moved up to an intra-day high of 210.00, declined to an intra-day low of 194.15 and closed at 209.95.

Review/Outlook - The scrip has reflected 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 - 192.75 | Support - 169, 133 | Resistance - 202, 241

Trading Range - The scrip opened at 190.00, moved up to an intra-day high of 192.90, declined to an intra-day low of 186.00 and closed at 192.75.

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.