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

Sensex

Last Close - 15395.82 | Support - 15330, 15037 | Resistance - 15734, 15956

Trading Range - The Sensex opened at 15333.07, moved up to an intra-day high of 15553.37, declined to an intra-day low of 15333.07 and closed at 15395.82.

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 high 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 15408 level while significant resistance at higher levels (15526) - would limit the upside. The outlook has turned weak again while resistance comes in at the 15800+ level and support comes in at the 14400 level.

State Tr. Corp

Last Close - 246.15 | Support - 240, 207 | Resistance - 269, 327

Trading Range - The scrip opened at 236.75, moved up to an intra-day high of 246.15, declined to an intra-day low of 235.00 and closed at 246.15.

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.

Modern India

Last Close - 241.15 | Support - 219, 183 | Resistance - 274, 308

Trading Range - The scrip opened at 238.50, moved up to an intra-day high of 246.90, declined to an intra-day low of 234.00 and closed at 241.15.

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.

Gemini Comm

Last Close - 203.50 | Support - 181, 157 | Resistance - 204, 244

Trading Range - The scrip opened at 195.75, moved up to an intra-day high of 203.50, declined to an intra-day low of 195.75 and closed at 203.50.

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

Last Close - 245.30 | Support - 232, 207 | Resistance - 252, 280

Trading Range - The scrip opened at 245.00, moved up to an intra-day high of 251.00, declined to an intra-day low of 243.50 and closed at 245.30.

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.

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.