This article was first published 16 years ago

Stock picks of the day

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March 12, 2008 10:18 IST

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. Banks, Capital Goods, Auto, Metal, Oil, PSU, Realty, Consumer Durables, FMCG & Healthcare 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

Last Close - 16123.15 | Support - 15956, 15734 | Resistance - 16165, 16308

Trading Range - The Sensex opened at 15778.27, moved up to an intra-day high of 16168.13, declined to an intra-day low of 15739.04 and closed at 16123.15.

Review/Outlook - The Sensex has had a mixed trading session, has had a negative 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 lower volume. Volatility can be the order of the day; an intra-day upside (seems like a distinct possibility) could come in above the 16129 level while significant resistance at higher levels (16600) - would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 16200 level.

Radha Madhav

Last Close - 069.70 | Support - 060, 047 | Resistance - 079, 093

Trading Range - The scrip opened at 060.10, moved up to an intra-day high of 069.70, declined to an intra-day low of 060.10 and closed at 069.70.

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.

Avantel Soft

Last Close - 060.90 | Support - 050, 038 | Resistance - 071, 090

Trading Range - The scrip opened at 050.10, moved up to an intra-day high of 060.90, declined to an intra-day low of 050.10 and closed at 060.90.

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.

St. Tr. Corp

Last Close - 1151.35 | Support - 1086, 919 | Resistance - 1195, 1269

Trading Range - The scrip opened at 1135.70, moved up to an intra-day high of 1151.35, declined to an intra-day low of 1080.00 and closed at 1151.35.

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.

Til Limited

Last Close - 463.20 | Support - 455, 406 | Resistance - 495, 546

Trading Range - The scrip opened at 428.00, moved up to an intra-day high of 463.20, declined to an intra-day low of 402.00 and closed at 463.20.

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.

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