Stock picks for today

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.

Banks, oil, realty, consumer durables, auto, capital goods, FMCG, healthcare, metals, PSUs, and tech have ended positive in varying degrees while IT has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed bullish.

Sensex (Daily)

Last Close -- 19738.07; Support -- 19621, 19276; Resistance -- 19984, 20035

Trading Range: The Sensex opened at 19628.85, moved up to an intra-day high of 19790.92, declined to an intra-day low of 19560.68 and closed at 19738.07.

Review/Outlook: The Sensex has had a good trading session, has had a strong opening, has moved just one way, has received buying support even at higher levels, has come off from its intra - day low and has finally ended in positive territory on clearly higher volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 19791 level while resistance at higher levels (19900) -- would limit the upside. The outlook has turned positive again while resistance comes in at the 20200+ level and support comes in at the 18833 level.

Gremac Infra. (Daily)

Last Close -- 343.65; Support -- 325, 296; Resistance -- 356, 400

Trading Range: The scrip opened at 335.00, moved up to an intra-day high of 343.65, declined to an intra-day low of 331.00 and closed at 343.65.

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.

Usher Agro. (Daily)

Last Close -- 089.20; Support -- 072, 052; Resistance -- 095, 120

Trading Range: The scrip opened at 083.00, moved up to an intra-day high of 089.20, declined to an intra-day low of 082.00 and closed at 089.20.

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.

Jindal Photo. (Daily)

Last Close -- 285.60; Support -- 259, 217; Resistance -- 311, 350

Trading Range: The scrip opened at 284.00, moved up to an intra-day high of 285.60, declined to an intra-day low of 281.60 and closed at 285.60.

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.

RSWM Ltd. (Daily)

Last Close -- 122.45; Support -- 115, 081; Resistance -- 129, 160

Trading Range: The scrip opened at 112.00, moved up to an intra-day high of 122.45, declined to an intra-day low of 112.00 and closed at 122.45.

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.