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

Sensex (Daily)                                                                     

Last Close - 20582.08 | Support - 20498, 20238 | Resistance - 20700, 21000

Trading Range - The Sensex opened at 20930.28, moved up to an intra-day high of 21206.77, declined to an intra-day low of 20530.07 and closed at 20582.08. 

Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has received selling pressure at higher levels, has come off from its intra - day high and has finally ended in negative territory on lower volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 20620 level while resistance at higher levels (20800) – would limit the upside. The outlook has turned positive again while resistance comes in at the 21200+ level and support comes in at the 18833 level.  

Apollo Sindhoori. (Daily)                                                        

Last Close - 720.10 | Support - 660, 604 | Resistance - 750, 800

Trading Range - The scrip opened at 665.00, moved up to an intra-day high of 720.10, declined to an intra-day low of 650.00 and closed at 720.10.

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.   

Rswm Ltd. (Daily)                                                      

Last Close - 219.25 | Support - 207, 169 | Resistance - 248, 283

Trading Range - The scrip opened at 229.70, moved up to an intra-day high of 229.70, declined to an intra-day low of 215.00 and closed at 219.25.

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.   

Parenteral Drugs. (Daily)                                                 

Last Close - 207.25 | Support - 180, 156 | Resistance - 210, 245

Trading Range - The scrip opened at 215.10, moved up to an intra-day high of 215.95, declined to an intra-day low of 205.00 and closed at 207.25.

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.        

Sowbhagya Exp. (Daily)                                                      

Last Close - 121.60 | Support - 113, 078 | Resistance - 126, 151

Trading Range - The scrip opened at 113.05, moved up to an intra-day high of 121.60, declined to an intra-day low of 113.05 and closed at 121.60.

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.     

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.