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

Sensex (Daily)                                                                     

Last Close - 15066.10 | Support - 15037, 14732 | Resistance - 15330, 15734

Trading Range - The Sensex opened at 15115.97, moved up to an intra-day high of 15202.74, declined to an intra-day low of 14846.18 and closed at 15066.10. 

Review/Outlook - The Sensex has had a mixed trading session, has had a negative opening, has moved both ways, has faced buying support at lower levels, has come off from its intra - day low and has finally ended sharply in negative 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 15083 level while significant resistance at higher levels (15230) - would limit the upside. The outlook has turned weak again while resistance comes in at the 16341+ level and support comes in at the 14700 level.  

Era Infra. (Daily)                                                         

Last Close - 573.35 | Support - 561, 529 | Resistance - 582, 627

Trading Range - The scrip opened at 555.00, moved up to an intra-day high of 579.80, declined to an intra-day low of 555.00 and closed at 573.35.

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.    

Ganesh Hous. (Daily)                                                  

Last Close - 316.35 | Support - 304, 248 | Resistance - 336, 365

Trading Range - The scrip opened at 310.00, moved up to an intra-day high of 317.00, declined to an intra-day low of 304.10 and closed at 316.35.

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.   

Refex Refrig. (Daily)                                           

Last Close - 233.85 | Support - 221, 186 | Resistance - 276, 305

Trading Range - The scrip opened at 234.00, moved up to an intra-day high of 235.50, declined to an intra-day low of 222.55 and closed at 233.85.

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.        

Vakrangee Softw. (Daily)                                                    

Last Close - 223.75 | Support - 207, 162  | Resistance - 232, 252

Trading Range - The scrip opened at 219.35, moved up to an intra-day high of 228.80, declined to an intra-day low of 218.05 and closed at 223.75.

Review/Outlook - The scrip has reflected weakness by depreciating from its intra-day high and with the indicators looking negative, a further downside 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.