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

Sensex (Daily)

Last Close - 18663.16 | Support - 18632, 18319 | Resistance - 18833, 19276

Trading Range - The Sensex opened at 18592.58, moved up to an intra-day high of 18729.83, declined to an intra-day low of 18509.54 and closed at 18663.16. 

Review/Outlook - The Sensex has had a mixed trading session, has had a neutral opening, has moved both ways, has received buying support even at lower levels, has come off from its intra - day low and has finally ended in positive territory on lower volume. Volatility can be the order of the day; an intra-day downside (seems like a distinct possibility) could come in below the 18660 level while significant support at lower levels (18200) – would limit the downside. The outlook has turned neutral again while resistance comes in at the 19200+ level and support comes in at the 17200 level.  

Genesis Int. (Daily)

Last Close - 070.55 | Support - 069, 056 | Resistance - 093, 124

Trading Range - The scrip opened at 070.55, moved up to an intra-day high of 070.55, declined to an intra-day low of 067.50 and closed at 070.55.

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.   

Gontermann Peip. (Daily)

Last Close - 099.15 | Support - 099, 073 | Resistance – 117, 138

Trading Range - The scrip opened at 098.80, moved up to an intra-day high of 100.00, declined to an intra-day low of 096.00 and closed at 099.15.

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.   

Sagar Cement. (Daily)

Last Close - 333.35 | Support - 325, 272  |   Resistance - 360, 421

Trading Range - The scrip opened at 321.00, moved up to an intra-day high of 333.35, declined to an intra-day low of 312.50 and closed at 333.35.

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.       

Hmt Ltd. (Daily)                                                    

Last Close - 089.65 | Support - 080, 063 | Resistance - 099, 122

Trading Range - The scrip opened at 089.65, moved up to an intra-day high of 089.65, declined to an intra-day low of 085.50 and closed at 089.65.

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.     

Daily Stock Track           

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.