Stock picks of the day

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

Sensex (Daily)

Last Close - 15311.22 | Support - 15300, 15200 | Resistance - 15400, 15500

Trading Range - The Sensex opened at 15295.03, moved up to an intra-day high of 15341.38, declined to an intra-day low of 15239.41 and closed at 15311.22.

Review/Outlook - The Sensex has had a positive trading session, has had a better opening, has appreciated after receiving buying support at lower levels, has come off from its intra - day low and has finally ended in positive territory on clearly lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15341 level while some resistance at higher levels (15400) - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 15500+ level and support comes in at the 14600 level.

Pba Infrastructure. (Daily)

Last Close - 101.50 | Support - 091, 080 | Resistance - 113, 138

Trading Range - The scrip opened at 100.95, moved up to an intra-day high of 101.50, declined to an intra-day low of 098.00 and closed at 101.50.

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.

Vakrangee Soft. (Daily)

Last Close - 176.35 | Support - 162, 150 | Resistance - 207, 232

Trading Range - The scrip opened at 170.00, moved up to an intra-day high of 176.90, declined to an intra-day low of 170.00 and closed at 176.90.

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.

Tilaknagar Ind. (Daily)

Last Close - 126.90 | Support - 113, 092 | Resistance - 137, 160

Trading Range - The scrip opened at 124.00, moved up to an intra-day high of 126.90, declined to an intra-day low of 122.60 and closed at 126.90.

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.

Kothari Prod. (Daily)

Last Close - 953.75 | Support - 870, 841 | Resistance - 960, 999

Trading Range - The scrip opened at 900.00, moved up to an intra-day high of 953.75, declined to an intra-day low of 870.05 and closed at 953.75.

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.

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.