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

Sensex (Daily)                                                                     

Last Close - 17328.62 | Support - 17188, 16928 | Resistance - 17400, 17600

Trading Range - The Sensex opened at 17356.99, moved up to an intra-day high of 17425.34, declined to an intra-day low of 17144.58 and closed at 17328.62. 

Review/Outlook - The Sensex has had a mixed trading session, has had a strong opening, has moved both ways, has received buying support at lower 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 17328 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. 

Jaibala Ind. (Daily)                                                      

Last Close - 178.65 | Support - 173, 152 | Resistance - 190, 225

Trading Range - The scrip opened at 175.30, moved up to an intra-day high of 178.65, declined to an intra-day low of 172.00 and closed at 178.65.

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.   

Khoday India. (Daily)                                                 

Last Close - 266.55 | Support - 227, 165 | Resistance - 278, 320

Trading Range - The scrip opened at 260.00, moved up to an intra-day high of 266.55, declined to an intra-day low of 255.00 and closed at 266.55.

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.  

Innova Food. (Daily)                                          

Last Close - 122.30 | Support - 093, 065 | Resistance - 124, 160

Trading Range - The scrip opened at 119.00, moved up to an intra-day high of 122.30, declined to an intra-day low of 118.00 and closed at 122.30.

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.     

Kamla Dials. (Daily)                                                

Last Close - 096.10 | Support - 090, 074 | Resistance - 102, 125

Trading Range - The scrip opened at 094.30, moved up to an intra-day high of 098.30, declined to an intra-day low of 094.00 and closed at 096.10.

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.

DISCLAIMER : While efforts have been made to ensure the accuracy of the information provided in this content, the authors shall not be held responsible for any loss, harm or injury arising in any manner whatsoever, including those arising directly, indirectly, consequentially or otherwise and whether financial, mental or otherwise, caused to any person whatsoever who accesses or uses or is supplied with the content (consisting of articles, information, analyses, etc.) provided at this site or who otherwise relies on such content. Readers are advised to cross verify the information and to also seek professional and expert advice before taking any decision based on the content provided above or acting on any recommendations made herein. The information or opinions provided herein are not a substitute for professional advice.

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.