Stock picks of the day

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

Sensex (Daily)

Last Close - 15603.80 | Support - 15440, 15341 | Resistance - 15773, 15812

Trading Range - The Sensex opened at 15713.66, moved up to an intra-day high of 15824.65, declined to an intra-day low of 15568.36 and closed at 15603.80.

Review/Outlook - The Sensex has had a mixed trading session, has had a strong 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 15568 level while support at lower levels (15350) – would limit the downside. The outlook has turned bullish again while resistance comes in at the 16400+ level and support comes in at the 14005 level.

Birla Kenna. (Daily)

Last Close - 363.65 | Support - 345, 295 | Resistance - 396, 415

Trading Range - The scrip opened at 363.00, moved up to an intra-day high of 363.65, declined to an intra-day low of 355.50 and closed at 363.65.

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.

Aarvee Denim. (Daily)

Last Close - 087.45 | Support - 075, 058 | Resistance - 097, 119

Trading Range - The scrip opened at 085.00, moved up to an intra-day high of 087.45, declined to an intra-day low of 085.00 and closed at 087.45.

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.

Networth Stk. (Daily)

Last Close - 099.20 | Support - 096, 081 | Resistance - 120, 144

Trading Range - The scrip opened at 096.00, moved up to an intra-day high of 099.20, declined to an intra-day low of 096.00 and closed at 099.20.

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.

Flat Products. (Daily)

Last Close - 473.00 | Support - 445, 378 | Resistance - 500, 550

Trading Range - The scrip opened at 455.00, moved up to an intra-day high of 473.00, declined to an intra-day low of 446.00 and closed at 473.00.

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.

Daily Stock Track