Stock picks of the day

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. Healthcare, Oil, Auto, Consumer Durables, Healthcare, PSU, Realty, Metal, Banks, IT, Capital Goods & FMCG have ended positive in varying degrees while no sector has ended in negative territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed positive.

Sensex

Last Close - 17378.46 | Support - 17292, 16964 | Resistance - 17494, 17711

Trading Range - The Sensex opened at 17050.87, moved up to an intra-day high of 17424.94, declined to an intra-day low of 17011.60 and closed at 17378.46.

Review/Outlook - The Sensex has had a solid trading session, has had a positive opening, has moved just one way, has faced buying support even at higher levels, has come off from its intra - day low and has finally ended in positive 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 17392 level while significant resistance at higher levels (17480) - would limit the upside. The outlook has turned positive again while resistance comes in at the 18300+ level and support comes in at the 16600 level.

Jindal Poly

Last Close - 231.90 | Support - 223, 195 | Resistance - 244, 290

Trading Range - The scrip opened at 227.00, moved up to an intra-day high of 231.90, declined to an intra-day low of 227.00 and closed at 231.90.

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.

High Energy

Last Close - 230.00 | Support - 205, 163 | Resistance - 243, 309

Trading Range - The scrip opened at 240.00, moved up to an intra-day high of 240.00, declined to an intra-day low of 225.00 and closed at 230.00.

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.

Oscar Invest

Last Close - 138.10 | Support - 118, 082 | Resistance - 144, 197

Trading Range - The scrip opened at 138.00, moved up to an intra-day high of 140.00, declined to an intra-day low of 132.20 and closed at 138.10.

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.

Tricom India

Last Close - 173.90 | Support - 166, 142 | Resistance - 197, 236

Trading Range - The scrip opened at 168.95, moved up to an intra-day high of 174.10, declined to an intra-day low of 164.35 and closed at 173.90.

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.

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.