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

Sensex

Last Close - 17600.12 | Support - 17494, 17292 | Resistance - 17711, 17992

Trading Range - The Sensex opened at 17560.15, moved up to an intra-day high of 17621.24, declined to an intra-day low of 17445.93 and closed at 17600.12.

Review/Outlook - The Sensex has had a mixed trading session, has had a positive opening, has moved both ways, has faced selling pressure at higher 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 possibility) could come in above the 17609 level while significant resistance at higher levels (17801) - 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 - 234.80 | Support - 223, 195 | Resistance - 244, 290

Trading Range - The scrip opened at 239.95, moved up to an intra-day high of 239.95, declined to an intra-day low of 232.25 and closed at 234.80.

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.

Genus Power

Last Close - 562.55 | Support - 539, 505 | Resistance - 579, 639

Trading Range - The scrip opened at 574.00, moved up to an intra-day high of 582.00, declined to an intra-day low of 555.00 and closed at 562.55.

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.

XL Tele

Last Close - 280.05 | Support - 260, 227 | Resistance - 334, 378

Trading Range - The scrip opened at 274.00, moved up to an intra-day high of 280.05, declined to an intra-day low of 271.50 and closed at 280.05.

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.

Gandhi Special

Last Close - 100.95 | Support - 092, 072 | Resistance - 117, 133

Trading Range - The scrip opened at 092.00, moved up to an intra-day high of 100.95, declined to an intra-day low of 092.00 and closed at 100.95.

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.