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

Sensex (Daily)                                                                     

Last Close - 16921.39 | Support - 16900, 16700 | Resistance - 17100, 17300

Trading Range - The Sensex opened at 16969.45, moved up to an intra-day high of 17073.87, declined to an intra-day low of 16887.07 and closed at 16921.39. 

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 positive 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 16887 level while support at lower levels (16700) – would limit the downside. The outlook has turned bullish again while resistance comes in at the 17200+ level and support comes in at the 15350 level. 

Genus Power. (Daily)                                                 

Last Close - 584.00 | Support - 555, 482 | Resistance - 596, 651

Trading Range - The scrip opened at 576.00, moved up to an intra-day high of 595.90, declined to an intra-day low of 561.75 and closed at 584.00.

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.   

Sulzer India. (Daily)                                                    

Last Close - 808.60 | Support - 764, 718 | Resistance - 818, 901

Trading Range - The scrip opened at 770.00, moved up to an intra-day high of 808.60, declined to an intra-day low of 770.00 and closed at 808.60.

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.  

Jayant Agro. (Daily)                                            

Last Close - 103.75 | Support - 091, 077 | Resistance - 112, 131

Trading Range - The scrip opened at 101.80, moved up to an intra-day high of 103.75, declined to an intra-day low of 101.00 and closed at 103.75.

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.     

Karuturi Net. (Daily)                                                

Last Close - 230.15 | Support - 218, 172 | Resistance - 240, 300

Trading Range - The scrip opened at 221.10, moved up to an intra-day high of 231.25, declined to an intra-day low of 216.20 and closed at 230.15.

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.