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. Banks, Auto, Metal, Consumer Durables, Healthcare & IT have ended positive in varying degrees while Capital Goods, FMCG, Oil & Psu's have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed hopeful.

Sensex (Daily)

Last Close - 15301.17 | Support - 15216, 15112 | Resistance - 15341, 15400

Trading Range - The Sensex opened at 15296.06, moved up to an intra-day high of 15325.78, declined to an intra-day low of 15160.27 and closed at 15301.17.

Review/Outlook - The Sensex has had a mixed trading session, has had a decent opening, has depreciated after facing selling pressure at higher levels but 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 15325 level while some resistance at higher levels (15398) - 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.

Goldstone Tech. (Daily)

Last Close - 138.45 | Support - 132, 114 | Resistance - 150, 175

Trading Range - The scrip opened at 137.40, moved up to an intra-day high of 138.45, declined to an intra-day low of 133.10 and closed at 138.45.

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.

Vijay Shanti. (Daily)

Last Close - 154.00 | Support - 138, 109 | Resistance - 164, 186

Trading Range - The scrip opened at 145.00, moved up to an intra-day high of 154.00, declined to an intra-day low of 145.00 and closed at 154.00.

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.

Accent Tech. (Daily)

Last Close - 160.25 | Support - 158, 120 | Resistance - 175, 200

Trading Range - The scrip opened at 159.90, moved up to an intra-day high of 160.25, declined to an intra-day low of 156.20 and closed at 160.25.

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.

Agrotech Foods. (Daily)

Last Close - 162.80 | Support - 134, 118 | Resistance - 167, 190

Trading Range - The scrip opened at 149.75, moved up to an intra-day high of 162.80, declined to an intra-day low of 146.35 and closed at 162.80. 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.

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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.