Hot stocks 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. Capital Goods, FMCG, Healthcare, Auto, IT, Banks, Metals, PSU, Consumer Durables & Oil have ended negative in varying degrees while no sector has ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed shaky.

Sensex

Last Close - 13989.11 | Support - 13931, 13857 | Resistance - 14035, 14171

Trading Range - The Sensex opened at 14512.19, moved up to an intra-day high of 14534.51, declined to an intra-day low of 13941.93 and closed at 13989.11.

Review/Outlook - The Sensex has had a weak trading session, has had a decent 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 downside (seems like a possibility) could come in below the 13941 level while support at lower levels (13800) - would limit the downside. The outlook seems to have turned weak again while resistance comes in at the 16000+ level and support comes in at the 14150 level.

Carol Info

Last Close - 062.25 | Support - 060, 051 | Resistance - 064, 073

Trading Range - The scrip opened at 062.00, moved up to an intra-day high of 062.25, declined to an intra-day low of 059.00 and closed at 062.25.

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.

Stovec Ind

Last Close - 172.20 | Support - 158, 131 | Resistance - 187, 236

Trading Range - The scrip opened at 164.60, moved up to an intra-day high of 187.85, declined to an intra-day low of 157.50 and closed at 172.20.

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.

Bihar Tubes

Last Close - 137.20 | Support - 114, 083 | Resistance - 145, 175

Trading Range - The scrip opened at 126.80, moved up to an intra-day high of 137.20, declined to an intra-day low of 126.80 and closed at 137.20.

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.

Srinivas Hatch

Last Close - 069.30 | Support - 065, 052 | Resistance - 072, 093

Trading Range - The scrip opened at 063.00, moved up to an intra-day high of 069.30, declined to an intra-day low of 063.00 and closed at 069.30.

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.