Stock picks of the day

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

Sensex (Daily)                                                                     

Last Close - 17150.56 | Support - 17100, 16900 | Resistance - 17300, 17500

Trading Range - The Sensex opened at 17059.61, moved up to an intra-day high of 17188.40, declined to an intra-day low of 17018.56 and closed at 17150.56. 

Review/Outlook - The Sensex has had a positive trading session, has had a strong opening, has appreciated after receiving buying support 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 17189 level while resistance at higher levels (17500) - would limit the upside. The outlook has turned bullish again while resistance comes in at the 17800+ level and support comes in at the 15350 level. 

Genus Power. (Daily)                                                 

Last Close - 595.85 | Support - 555, 482 | Resistance - 596, 651

Trading Range - The scrip opened at 584.50, moved up to an intra-day high of 605.00, declined to an intra-day low of 582.10 and closed at 595.85.

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.   

Sulzer India. (Daily)                                                    

Last Close - 822.35 | Support - 818, 764 | Resistance - 901, 950

Trading Range - The scrip opened at 815.00, moved up to an intra-day high of 849.00, declined to an intra-day low of 803.00 and closed at 822.35.

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.  

Jayant Agro. (Daily)                                            

Last Close - 108.90 | Support - 091, 077 | Resistance - 112, 131

Trading Range - The scrip opened at 107.00, moved up to an intra-day high of 108.90, declined to an intra-day low of 098.65 and closed at 108.90.

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.     

Rasoya Protein. (Daily)                                            

Last Close - 060.90 | Support - 055, 033 | Resistance - 065, 090

Trading Range - The scrip opened at 051.00, moved up to an intra-day high of 060.90, declined to an intra-day low of 049.00 and closed at 060.90.

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.