Stock picks of the day

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

Sensex

Last Close - 16737.07 | Support - 16681, 16416 | Resistance - 16964, 17292

Trading Range - The Sensex opened at 17020.79, moved up to an intra-day high of 17125.95, declined to an intra-day low of 16678.94 and closed at 16737.07.

Review/Outlook - The Sensex has had a weak trading session, has had a negative opening, has moved just one way, 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 downside (seems like a possibility) could come in below the 16722 level while significant support at lower levels (16600) - would limit the downside and result in a late recovery. The outlook is turning negative again while resistance comes in at the 17300+ level and support comes in at the 15300 level.

Oscar Invest

Last Close - 127.65 | Support - 118, 082 | Resistance - 144, 197

Trading Range - The scrip opened at 127.50, moved up to an intra-day high of 127.65, declined to an intra-day low of 115.65 and closed at 127.65.

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.

Sanra Softw

Last Close - 074.45 | Support - 062, 048 | Resistance - 076, 098

Trading Range - The scrip opened at 073.80, moved up to an intra-day high of 074.45, declined to an intra-day low of 068.80 and closed at 074.45.

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.

Keynote Corp. Ser

Last Close - 142.55 | Support - 117, 092 | Resistance - 149, 182

Trading Range - The scrip opened at 129.25, moved up to an intra-day high of 142.55, declined to an intra-day low of 129.25 and closed at 142.55.

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.

Jaihind Proj

Last Close - 128.20 | Support - 113, 085 | Resistance - 152, 204

Trading Range - The scrip opened at 117.90, moved up to an intra-day high of 128.20, declined to an intra-day low of 117.90 and closed at 128.20.

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.

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.