Stock picks for today

The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in negative territory.

Banks, capital goods, healthcare, IT & auto have ended negative in varying degrees while consumer durables, FMCG, metal, oil & PSUs have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed subdued.

Sensex (Daily)

Last Close -- 14910.62; Support -- 14907, 14800; Resistance -- 15007, 15085

Trading Range: The Sensex opened at 14948.15, moved up to an intra-day high of 15015.35, declined to an intra-day low of 14829.55 and closed at 14910.62.

Review/Outlook: The Sensex has had a negative trading session, has had a weak opening, has depreciated after facing selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 14946 level while some resistance at higher levels (15063) -- could limit the upside. The outlook seems to have turned better again while resistance comes in at the 15100+ level and support comes in at the 14400 level.

Hind. Oil. Exp. (Daily)

Last Close -- 133.90; Support -- 127, 109; Resistance -- 149, 170

Trading Range: The scrip opened at 133.00, moved up to an intra-day high of 134.80, declined to an intra-day low of 132.00 and closed at 133.90.

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.

Schrader Duncan. (Daily)

Last Close -- 302.05; Support -- 295, 269; Resistance -- 325, 350

Trading Range: The scrip opened at 295.00, moved up to an intra-day high of 306.00, declined to an intra-day low of 279.95 and closed at 302.05.

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.

Evinix Ltd. (Daily)

Last Close -- 157.45; Support -- 150, 128; Resistance -- 175, 200

Trading Range: The scrip opened at 141.95, moved up to an intra-day high of 157.45, declined to an intra-day low of 138.00 and closed at 157.45.

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.

Tanla Sol. (Daily)

Last Close -- 473.45; Support -- 451, 407; Resistance -- 475, 500

Trading Range: The scrip opened at 473.45, moved up to an intra-day high of 473.45, declined to an intra-day low of 459.80 and closed at 473.45.

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.

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