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

Sensex (Daily)

Last Close - 15550.13 | Support - 15500, 15440 | Resistance - 15600, 15700

Trading Range -The Sensex opened at 15357.38, moved up to an intra-day high of 15593.31, declined to an intra-day low of 15357.38 and closed at 15550.13.

Review/Outlook - The Sensex has had a solid trading session, has had a strong 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 higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 15594 level while some resistance at higher levels (15700) - could limit the upside. The outlook seems to have turned better again while resistance comes in at the 16000+ level and support comes in at the 14600 level.

Infomedia Ltd. (Daily)

Last Close - 309.35 | Support - 292, 252 | Resistance - 325, 350

Trading Range - The scrip opened at 297.45, moved up to an intra-day high of 309.35, declined to an intra-day low of 297.45 and closed at 309.35.

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.

Tanla Sol. (Daily)

Last Close - 496.05 | Support - 475, 451 | Resistance - 500, 525

Trading Range - The scrip opened at 483.70, moved up to an intra-day high of 496.05, declined to an intra-day low of 459.00 and closed at 496.05.

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.

Vakrangee Soft. (Daily)

Last Close - 179.35 | Support - 162, 150 | Resistance - 207, 232

Trading Range - The scrip opened at 175.80, moved up to an intra-day high of 182.75, declined to an intra-day low of 175.30 and closed at 179.35.

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 - 167.60 | Support - 167, 134 | Resistance - 190, 215

Trading Range - The scrip opened at 166.00, moved up to an intra-day high of 172.90, declined to an intra-day low of 164.20 and closed at 167.60.

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         

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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.