Stocks picks for today

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.

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

Sensex (Daily)

Last Close | 16015.56; Support | 15956, 15734; Resistance | 16308, 16416

Trading Range: The Sensex opened at 15950.29, moved up to an intra-day high of 16111.44, declined to an intra-day low of 15869.09 and closed at 16015.56.

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 negative territory on higher volume. Volatility can be the order of the day; an intra-day upside (seems like a possibility) could come in above the 16029 level while significant resistance at higher levels (16309) | would limit the upside. The outlook has turned neutral again while resistance comes in at the 18800+ level and support comes in at the 14700 level.

VIP Industries (Daily)

Last Close | 091.75; Support | 083, 059; Resistance | 106, 132

Trading Range: The scrip opened at 090.20, moved up to an intra-day high of 094.00, declined to an intra-day low of 086.10 and closed at 091.75.

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.

Northgate Tech (Daily)

Last Close | 437.30; Support | 410, 371; Resistance | 484, 553

Trading Range: The scrip opened at 415.00, moved up to an intra-day high of 445.00, declined to an intra-day low of 403.00 and closed at 437.30.

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.

Jupiter BioSci (Daily)

Last Close | 136.30; Support | 123, 087; Resistance | 145, 175

Trading Range: The scrip opened at 122.00, moved up to an intra-day high of 139.00, declined to an intra-day low of 122.25 and closed at 136.30.

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.

ICSA Ltd (Daily)

Last Close | 419.85; Support | 416, 363; Resistance | 474, 527

Trading Range: The scrip opened at 405.00, moved up to an intra-day high of 438.00, declined to an intra-day low of 382.00 and closed at 419.85.

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.

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.