Stock picks of the day

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

Sensex

Last Close - 14504.57 | Support - 14454, 14325 | Resistance - 14524, 14620

Trading Range - The Sensex opened at 14498.05, moved up to an intra-day high of 14537.04, declined to an intra-day low of 14435.24 and closed at 14504.57.

Review/Outlook - The Sensex has had a rather lacklustre trading session, has had a positive opening, has recovered after receiving buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on marginally higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 14537 level while some resistance at higher levels (14560) - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 14679+ level and support comes in at the 14040 level.

Agrotech Foods

Last Close - 123.20 | Support - 118, 093 | Resistance - 134, 167

Trading Range - The scrip opened at 119.95, moved up to an intra-day high of 123.20, declined to an intra-day low of 117.50 and closed at 123.20.

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.

Gmr Industries

Last Close - 162.25 | Support - 144, 129 | Resistance - 183, 216

Trading Range - The scrip opened at 160.00, moved up to an intra-day high of 162.25, declined to an intra-day low of 158.20 and closed at 162.25.

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.

Infomedia

Last Close - 239.85 | Support - 228, 204 | Resistance - 257, 275

Trading Range - The scrip opened at 228.00, moved up to an intra-day high of 239.85, declined to an intra-day low of 227.25 and closed at 239.85.

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.

Sulzer India

Last Close - 435.80 | Support - 414, 365 | Resistance - 448, 475

Trading Range - The scrip opened at 435.00, moved up to an intra-day high of 440.00, declined to an intra-day low of 427.00 and closed at 435.80.

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.

Daily Stock Track

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.