Stock picks of the day

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

Sensex

Last Close - 14903.03 | Support - 14830, 14723 | Resistance - 14964, 15115

Trading Range - The Sensex opened at 14892.60, moved up to an intra-day high of 14928.80, declined to an intra-day low of 14705.58 and closed at 14903.03.

Review/Outlook - The Sensex has had a negative trading session, has had a weak opening, has depreciated after facing selling pressure at lower levels, has come off from its intra - day low 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 formality) could come in above the 14929 level while some resistance at higher levels (15105) - could limit the upside. The outlook seems to have turned negative again while resistance comes in at the 16000+ level and support comes in at the 14683 level.

Ankur Drugs

Last Close - 437.35 | Support - 389, 360 | Resistance - 442, 464

Trading Range - The scrip opened at 416.00, moved up to an intra-day high of 437.35, declined to an intra-day low of 404.00 and closed at 437.35.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Wearology

Last Close - 222.10 | Support - 210, 178 | Resistance - 230, 252

Trading Range - The scrip opened at 213.90, moved up to an intra-day high of 222.10, declined to an intra-day low of 212.05 and closed at 222.10.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Genus Overseas

Last Close - 425.05 | Support - 404, 379 | Resistance - 450, 475

Trading Range - The scrip opened at 385.00, moved up to an intra-day high of 425.10, declined to an intra-day low of 385.00 and closed at 425.05.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

Accent Tech

Last Close - 191.85 | Support - 176, 146 | Resistance - 195, 220

Trading Range - The scrip opened at 183.00, moved up to an intra-day high of 191.95, declined to an intra-day low of 177.00 and closed at 191.85.

Review/Outlook - The scrip has reflected strength by appreciating from its intra-day low and with the indicators looking positive, a further upside seems to be on the cards.

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.