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. Consumer Durables, FMCG, Healthcare Banks, Tech, Oil, PSU, Realty, Capital Goods, Auto & Metals have ended positive in varying degrees while the IT sector has ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed bullish.

Sensex (Daily)                                                                     

Last Close - 16845.83 | Support - 16700, 16500 | Resistance - 16900, 17100

Trading Range - The Sensex opened at 16697.89, moved up to an intra-day high of 16869.64, declined to an intra-day low of 16599.66 and closed at 16845.83. 

Review/Outlook - The Sensex has had a positive trading session, has had a strong opening, has appreciated after receiving buying support even at higher levels, 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 16870 level while resistance at higher levels (17000) - would limit the upside. The outlook has turned bullish again while resistance comes in at the 17200+ level and support comes in at the 15350 level. 

Goldstone Tech. (Daily)                                                           

Last Close - 154.00 | Support - 150, 139 | Resistance - 175, 200

Trading Range - The scrip opened at 147.00, moved up to an intra-day high of 154.00, declined to an intra-day low of 147.00 and closed at 154.00.

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.   

Prakash Ind. (Daily)                                                    

Last Close - 121.95 | Support - 112, 097 | Resistance - 125, 150

Trading Range - The scrip opened at 117.00, moved up to an intra-day high of 121.95, declined to an intra-day low of 115.20 and closed at 121.95.

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.  

Media Video. (Daily)                                          

Last Close - 072.25 | Support - 067, 054 | Resistance - 075, 100

Trading Range - The scrip opened at 068.00, moved up to an intra-day high of 072.25, declined to an intra-day low of 066.80 and closed at 072.25.

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.     

Alphageo Ind. (Daily)                                              

Last Close - 516.80 | Support - 470, 434 | Resistance - 525, 575

Trading Range - The scrip opened at 500.00, moved up to an intra-day high of 516.80, declined to an intra-day low of 484.45 and closed at 516.80.

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

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 not only be having positions but could even be having contrary positions in the stocks mentioned above.