Hot stocks of the day

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

Sensex

Last Close - 14570.75 | Support - 14524, 14454 | Resistance - 14620, 14723

Trading Range - The Sensex opened at 14610.28, moved up to an intra-day high of 14682.10, declined to an intra-day low of 14539.89 and closed at 14570.75.

Review/Outlook - The Sensex has reflected some amount of strength, has had a rather positive opening, but has run into significant selling pressure to come off from its intra- day high and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day downside (seems to be a mild possibility) could come in only below the 14539 level while some support at lower levels (14480) - could limit the downside. The outlook seems to have turned better again while resistance comes in at the 14700+ level and support comes in at the 14040 level.

Asian Elect

Last Close - 621.75 | Support - 597, 564 | Resistance - 625, 650

Trading Range - The scrip opened at 599.70, moved up to an intra-day high of 621.75, declined to an intra-day low of 599.70 and closed at 621.75.

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.

Prime Securities

Last Close - 066.60 | Support - 060, 044 | Resistance - 069, 080

Trading Range - The scrip opened at 063.60, moved up to an intra-day high of 070.65, declined to an intra-day low of 063.60 and closed at 066.60.

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.

Kemrock Ind

Last Close - 372.10 | Support - 352, 319 | Resistance - 375, 424

Trading Range - The scrip opened at 346.00, moved up to an intra-day high of 372.10, declined to an intra-day low of 344.50 and closed at 372.10.

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.

Taneja Aero

Last Close - 179.95 | Support - 175, 157 | Resistance - 188, 225

Trading Range - The scrip opened at 165.00, moved up to an intra-day high of 179.95, declined to an intra-day low of 163.00 and closed at 179.95.

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.

Sebi Disclosure: The author is an active market participant and could even be having contrary positions in the stocks mentioned above.