Stock picks of the day

The market has remained in a mixed state of mind, has come off its intra-day high and has finally ended the day in negative territory. Banks, Consumer Durables, Oil, Auto, Capital Goods, Healthcare, PSU & Realty have ended negative in varying degrees while FMCG, IT & Metal have ended in positive territory. Volume registered a noticeable increase (read as turnover) while the undertone seemed subdued.

Sensex

Last Close - 17373.01 | Support - 17292, 16964 | Resistance - 17494, 17711

Trading Range - The Sensex opened at 17441.41, moved up to an intra-day high of 17502.15, declined to an intra-day low of 17237.68 and closed at 17373.01.

Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved both ways, has faced selling pressure even at lower levels, has come off from its intra - day high 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 17391 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.

Lkp Mer. Fin

Last Close - 166.55 | Support - 151, 101 | Resistance - 209, 234

Trading Range - The scrip opened at 156.05, moved up to an intra-day high of 167.75, declined to an intra-day low of 153.30 and closed at 166.55.

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.

Denison Hydro

Last Close - 495.00 | Support - 443, 401 | Resistance - 512, 556

Trading Range - The scrip opened at 450.00, moved up to an intra-day high of 495.00, declined to an intra-day low of 450.00 and closed at 495.00.

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.

Siemens Med

Last Close - 892.55 | Support - 861, 837 | Resistance - 931, 999

Trading Range - The scrip opened at 850.00, moved up to an intra-day high of 892.55, declined to an intra-day low of 850.00 and closed at 892.55.

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.

Accent Tech

Last Close - 191.40 | Support - 181, 157 | Resistance - 198, 245

Trading Range - The scrip opened at 181.00, moved up to an intra-day high of 192.70, declined to an intra-day low of 181.00 and closed at 191.40.

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.