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

Sensex (Daily)

Last Close -  17773.36 | Support -  17708, 17361 | Resistance -  18000, 18200

Trading Range - The Sensex opened at 17831.68, moved up to an intra-day high of 17979.18, declined to an intra-day low of 17708.80 and closed at 17773.36. 

Review/Outlook -  The Sensex has had a mixed trading session, has had a decent opening, has moved both ways, has faced selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on clearly lower volume. Volatility can be the order of the day; an intra-day downside (seems like a possibility) could come in below the 17708 level while support at lower levels (17494) – would limit the downside. The outlook has turned bullish again while resistance comes in at the 19200+ level and support comes in at the 16800 level. 

Jaibala Ind. (Daily)

Last Close -  198.85 |  Support -  190, 173 | Resistance -  225, 250

Trading Range - The scrip opened at 198.00, moved up to an intra-day high of 198.85, declined to an intra-day low of 193.10 and closed at 198.85.

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.   

Gontermann Peip. (Daily)

Last Close -  089.30 | Support -  088, 071 | Resistance -  099, 125

Trading Range - The scrip opened at 086.50, moved up to an intra-day high of 089.30, declined to an intra-day low of 085.05 and closed at 089.30.

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.  

Alphageo Ind. (Daily)

Last Close -  525.20 | Support -  498, 444 | Resistance -  539, 575

Trading Range - The scrip opened at 495.10, moved up to an intra-day high of 525.20, declined to an intra-day low of 490.00 and closed at 525.20.

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.     

Birla Kenna. (Daily)

Last Close -  538.00 | Support -  500, 450 | Resistance -  550, 600

Trading Range - The scrip opened at 519.45, moved up to an intra-day high of 538.00, declined to an intra-day low of 502.00 and closed at 538.00.

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           

Scrip	Support	Last Close	Resistance	Trend
ACC	1155, 1099	1176.60	1192, 1220	Sd
DR. REDDY	645, 610	653.45	669, 689	Up
HUL	216, 203	221.30	224, 240	Sd
INFOSYS	1962, 1883	1989.65	2009, 2061	Up
ITC	168, 155	178.75	180, 193	Td
RIL	2426, 2364	2483.90	2500, 2550	Up
SATYAM	443, 425	444.45	471, 496	Up
SBI	1837, 1782	1863.25	1877, 1900	Up
T MOTORS	771, 749	779.70	811, 849	Up
TISCO	808, 762	832.90	875, 900	Up

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.